Morrison & Foerster Represents Equity Residential in Joint Agreement to Acquire Archstone’s U.S. Apartment Portfolio for $16 Billion

In the largest real estate deal this year, Morrison & Foerster LLP is representing leading residential real estate investment trust Equity Residential (NYSE: EQR) in a joint agreement with AvalonBay Communities to acquire a vast portfolio of U.S. apartment properties owned by Archstone. Equity Residential and AvalonBay are acquiring the portfolio from the Lehman Brothers estate for approximately $16 billion. The deal marks the largest real estate transaction since Blackstone Group’s $26 billion acquisition of Hilton Worldwide Inc. in 2007.

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Tags:  Morrison & Foerster LLP | New York

Shearman & Sterling Advises on Banco Santander Chile’s Chinese Renminbi 500 Million Senior Fixed Rate Notes Offering

Shearman & Sterling represented Deutsche Bank AG, London Branch and Standard Chartered Bank as dealers in connection with Banco Santander Chile’s offering of Chinese Renminbi 500 million 3.75% Senior Fixed Rate Notes due 2014 issued under Banco Santander Chile’s U.S.$5.5 billion Medium-Term Notes Program.

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Tags:  Shearman & Sterling LLP | Sao Paulo

Shearman & Sterling Advises Jefferies on a $355 Million Refinancing

Shearman & Sterling advised Jefferies Finance LLC, as administrative agent, collateral agent, sole lead arranger and bookrunner, in connection with a $355 million refinancing and one-time dividend transaction, comprised of a $220 million first lien term loan, a $25 million first lien revolver, and $110 million second lien term loan facility, for P2 Energy Solutions, Inc., a portfolio company of Vista Equity Partners which provides software and data services to the upstream oil and gas industry.

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Tags:  Shearman & Sterling LLP | New York

DLA Piper Advises on BP Acquisition

Lawyers from DLA Piper’s Sheffield office have advised UGI Corporation (“UGI”) on the acquisition, by its subsidiary Flaga GmbH, of BP’s liquefied petroleum gas (LPG) distribution business in Poland.

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Simpson Thacher Represents Carlyle in Raising $1.38 Billion Carlyle Energy Mezzanine Opportunities Fund

Simpson Thacher represented The Carlyle Group (“Carlyle”) in the establishment of the Carlyle Energy Mezzanine Opportunities Fund, L.P. (“CEMOF”), which primarily targets investments in projects and companies in the power generation and energy sectors requiring capital of $20 million to $150 million per transaction. Carlyle has announced that CEMOF raised approximately $1.38 billion of total commitments.

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Tags:  Simpson Thacher & Bartlett LLP | New York

BakerHostetler Bolsters Employment and Labor Group in Chicago: Joel C. Griswold and Melissa A. Siebert Join Firm

BakerHostetler announced today that Joel C. Griswold and Melissa A. Siebert have joined the firm’s Employment and Labor Group as Partners in its Chicago office. Both come to BakerHostetler from K&L Gates LLP, where Griswold served as chair of the Wage and Hour Subcommittee for the firm’s Labor and Employment Group. They are the most recent high-profile additions to BakerHostetler’s nationally recognized Employment and Labor Group and continue the firm’s growth in major markets.

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Tags:  Baker & Hostetler LLP