Paul Hastings LLP, a leading global law firm, announced today that the firm represented Brookfield Investment Management and its Helios Total Return Fund, Inc. in a three-for-one transferable rights offering, where UBS Securities LLC acted as the Dealer Manager. The rights offering concluded on October 19, 2012 and was over-subscribed. Helios Total Return Fund, Inc. issued 3,500,000 new shares of common stock in the rights offering and raised approximately $75 million.
Tags: Paul Hastings, LLP | New YorkHerbert Smith Freehills Advises PageUp People on Strategic Investment by Accel-KKR
Herbert Smith Freehills has advised PageUp People, an Australian technology-based talent management company, on a strategic investment made by Accel-KKR (AKKR).
Tags: Herbert Smith Freehills LLPMelissa Azallion Joins McNair Law Firm, P.A.
McNair is pleased to announce that Melissa Azallion has joined the Firm as a Shareholder. Melissa will lead the Firm’s Immigration Practice and is based out of the Hilton Head Island office.
Tags:Cahill – Alliance Data Systems Completes $400 Million Notes Offering
Cahill represented J.P. Morgan, BofA Merrill Lynch, RBC Capital Markets, and Wells Fargo Securities as joint book-running managers and the co-managers in connection with the Rule 144A/Reg S offering of $400,000,000 aggregate principal amount of 5.25% Senior Notes due 2017 by Alliance Data Systems Corporation. Proceeds from the offering will be used in connection with to fund in part its previously announced pending acquisition and for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill Represents Initial Purchasers in $400 Million Notes Offering by Huntsman
Cahill represented the joint book-running managers and the co-managers in connection with the Rule 144A/Reg S offering of $400,000,000 aggregate principal amount of 4.875% Senior Notes due 2020 by Huntsman International LLC. Proceeds from the offering will be used to refinance existing indebtedness.
Tags: Cahill Gordon & Reindel LLP | New YorkTravers Smith Advises on Triton’s Sale of Logistics Specialist, Dematic, to AEA Investors and Teachers’ Private Capital
Travers Smith Head of Corporate, Chris Hale, led the team advising the management of Dematic on the company’s sale to, and new equity arrangements with, AEA Investors and Teachers Private Capital (the private equity arm of Canadian pension fund Ontario Teachers’ Pension Plan) for a reported figure between €700-800m.
Tags: Travers SmithWeil Advises Titanium Metals in Its $2.9 Billion Sale to Precision Castparts
A Weil team led by Dallas Corporate partner Glenn West advised the special committee of the board of directors of Titanium Metals Corporation (TIMET), the largest titanium manufacturer in the US, in TIMET’s all-cash sale to Precision Castparts Corp., a worldwide manufacturer of complex metal components and products. The total equity value of the transaction was approximately $2.9 billion. The merger was approved by the boards of directors for both companies, and the deal is expected to close by the end of 2012.
Tags: Weil, Gotshal & Manges, LLP | DallasKirkland & Ellis Represents American Industrial Partners in Acquisition of U.S. Subsidiaries of Hampson Industries PLC
In a transaction announced November 19, 2012, Kirkland represented private equity firm American Industrial Partners in its acquisition of the U.S. subsidiaries of Hampson Industries PLC, a UK public company. The investment is comprised of five operating divisions with a total of approximately $210 million in sales, approximately 1,140 employees and 10 manufacturing facilities located in California, Michigan and Texas that have unique product offerings and capabilities to serve the global aerospace market. The subsidiaries are Odyssey Industries, LLC; Global Tooling Systems, LLC; Coast Composites, LLC; Composites Horizons, LLC and Texstars, LLC. The acquisition was made through a UK ‘pre-pack’, shortly after the appointments of Simon Kirkhope and Chad Griffin of FTI Consulting as administrators of Hampson Industries PLC.
Tags: Kirkland & Ellis LLP | New YorkKirkland Advises Apax Partners in $570 Million Acquisition of Cole Haan from NIKE
Funds advised by Apax Partners, a global private equity firm, today announced that they have entered into a definitive agreement to acquire Cole Haan LLC, a leading designer and retailer of premium footwear and related accessories, from NIKE, Inc. for $570 million in cash. The transaction is expected to close in early 2013.
Tags: Kirkland & Ellis LLP | New YorkSimpson Thacher Represents JPMorgan in Senior Secured Revolving Credit Facilities for General Motors Holdings LLC
Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent in connection with a five year $5.5 billion senior secured revolving credit facility and a three year $5.5 billion senior secured revolving credit facility for General Motors Holdings LLC, a wholly-owned subsidiary of General Motors Company.
Tags: Simpson Thacher & Bartlett LLP | New York