Weil is advising Leucadia National Corporation, a US holding company, in the merger of Leucadia and Jefferies Group, Inc., a US financial services company. The deal has a total equity value of roughly $2.6 billion, or $3.7 billion when Leucadia’s existing 28.6% ownership stake is included. The transaction is expected to close in the first quarter of 2013.
Tags: Weil, Gotshal & Manges, LLP | New York
Leading global law firm Mayer Brown announces the hire of Martin Wright as a Real Estate partner in London. Martin joins from Ashurst where he has been a partner for more than 15 years. Martin’s hire is part of an ongoing initiative to further strengthen Mayer Brown’s offering in London, following the hire of Chris Harvey to the group earlier this year and the hire of Jeremy Kenley to the Funds Group. Martin will become a leader of the Firm’s Global Real Estate Group when he joins in January 2013.
Tags: Mayer Brown LLP
International law firm Freshfields Bruckhaus Deringer has been appointed to advise the lenders backing a major PPP health project in Turkey, the Etlik Integrated Health Campus in Ankara.
Tags: Freshfields LLPInternational law firm Freshfields Bruckhaus Deringer has advised oilfield services and engineering company Petrofac in its agreement with Bowleven, the oil exploration firm, to provide access to up to US$500 million of cash and services towards the first stage of development of the Etinde Permit gas and condensate reserve off the coast of Cameroon.
Tags: Freshfields LLPInternational law firm Freshfields Bruckhaus Deringer has advised Kazakhstan mobile operator Kcell Joint Stock Company (‘Kcell’) on its inaugural stock market listing in London. Kcell is the largest mobile operator in Kazakhstan by market share with revenues at the end of 2011 of about USD$1,193million from approximately 12.7million subscribers.
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In one of the largest corporate financings of the year, international law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Robert W. Mullen, Jr., acted as underwriters’ counsel in a series of major debt offerings by Verizon Communications Inc. totaling $4.5 billion.
Tags: Milbank LLP | New YorkIn one of the most important recent infrastructure projects in Latin America, Sociedad Concesionaria Operadora Aeroportuaria Internacional S.A. – OPAIN S.A., has obtained $390 million in financing from three international development institutions to finance the development and construction costs for the expansion, operation and commercial development of the El Dorado International Airport in Bogotá, Colombia, with total estimated costs of the project of $1.2 billion. In a precedent-setting unified and multi-year transaction, the Inter-American Development Bank (IDB), China Development Bank (CDB)and Corporación Andina de Fomento (CAF), acting as senior lenders, joined to support the project as the single most important infrastructure project in Colombia. This represents the first time the three institutions have collaborated in a project financing.
Tags: Milbank LLP
Cahill represented Deutsche Bank Securities, BofA Merrill Lynch, Citigroup, HSBC and J.P. Morgan as joint book-running managers in connection with a public offering of $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2022 by Celanese U.S. Holdings, LLC.
Tags: Cahill Gordon & Reindel LLP | New York
As reported in the Wall Street Journal, on November 9 Willkie client Goldman Sachs Mortgage Company funded $1.85 billion of first mortgage and mezzanine loans secured by a portfolio of hotels owned by Kyo-ya Hotels & Resorts, LP, a subsidiary of Kokusai Kogyo K.K., a Japanese company, which is jointly owned by foreign and domestic funds, accounts and other entities controlled or managed by Cerberus Capital Management, L.P and/or Cerberus Real Estate Capital Management, LLC (55%) and Kokusai Kogyo Holdings K.K., an entity owned and controlled by Mr. Takamasa Osano and his family members and/or affiliated entities (45%).
Tags: Willkie Farr & Gallagher LLP | New York
Hogan Lovells advises Brookfield on the acquisition of Inexus from Challenger Infrastructure Fund, the merger of Inexus with GTC group and the refinancing of debt and swaps of the combined Inexus and GTC groups in excess of £900 million.
Tags: Hogan Lovells