Banking & Finance Partner Samrad Nazer Joins Locke Lord’s London Office as Part of Banking & Finance Practice

Tuesday, November 27, 2012

Banking & Finance Partner Samrad Nazer has joined the London office of Locke Lord as yet another key player in the Firm’s rapidly evolving UK transactional banking team. Nazer is the second Banking & Finance Partner to join the international Firm in less than a month, as well as the fourth Partner recently added to the ranks in London. He brings additional depth and breadth to significant transactional banking areas such as cross-border and domestic debt finance and syndicate financings.

More >>

Tags:  Locke Lord LLP

Triton sells German logistics specialist Dematic with Linklaters

Tuesday, November 27, 2012

The international commercial law firm Linklaters advised the private equity investor Triton on the sale of Dematic GmbH to the financial investor AEA Investors as well as to Teachers’ Private Capital, the part of the Canadian pension fund Ontario Teachers’ Pension Plan that specialises in private equity. Triton had acquired Dematic from Siemens AG in 2006. The transaction is subject to antitrust approval and is expected to be completed in January 2013. The parties agreed to maintain secrecy regarding the purchase price.

More >>

Tags:  Linklaters LLP

Cravath – CNH Global’s Merger Agreement with Fiat Industrial

Tuesday, November 27, 2012

On November 26, 2012, the Special Committee (“Special Committee”) of the Board of Directors of CNH Global N.V. (“CNH”) announced that it has recommended the merger agreement entered into today between CNH and Fiat Industrial S.p.A. Cravath represented the Special Committee in connection with this transaction, which is expected to be completed in the second quarter of 2013 and is subject to customary regulatory approvals and limited closing conditions.

More >>

Tags:  Cravath, Swaine & Moore LLP | New York

Dmitry Kurochkin Joins Dechert’s Litigation Group in Moscow

Monday, November 26, 2012

International law firm Dechert LLP announced today that leading Russian litigator Dmitry Kurochkin has joined the firm as a partner in its dispute resolution practice in Moscow. Prior to joining Dechert, Kurochkin worked in the Moscow office of another international law firm, where he served as head of litigation, Central Europe, the Middle East and Africa, and head of the Moscow employment group.

More >>

Tags:  Dechert LLP | Moscow

Paul Hastings Represents Alpek, S.A.B. DE C.V. in $650M Inaugural Notes Offering

Monday, November 26, 2012

Paul Hastings LLP, a leading global law firm, represented Alpek, S.A.B. de C.V., the largest petrochemical company in Mexico and one of the largest in the world, in connection with its inaugural international issuance of debt securities. The oversubscribed offering involved the issuance of $650 million of 4.500% Senior Notes due 2022 pursuant to Rule 144A and Regulation S.

More >>

Tags:  Paul Hastings, LLP | New York

Latham & Watkins Advises Abu Dhabi Islamic Bank PJSC on US$1 Billion Tier 1 Sukuk

Monday, November 26, 2012

Latham & Watkins advised Abu Dhabi Islamic Bank PJSC, one of the leading Islamic banks in the Middle East, in connection with the region’s first perpetual and Basel III compliant tier 1 sukuk issuance. The initial benchmark size for the issuance of US$500 million was more than 30 times oversubscribed, with an order book of US$15.5 billion, and the expected profit rate of 6.375% is the lowest ever coupon for an instrument of this type. The transaction has allowed Abu Dhabi Islamic Bank PJSC to strengthen and diversify its capital base in line with international best practice in capital management.

More >>

Tags:  Latham & Watkins LLP | Dubai