Global law firm Proskauer is acting as corporate counsel to American Realty Capital Properties, Inc., and American Realty Capital Trust III, Inc., in connection with their planned merger that will create a combined real estate investment company with an enterprise value of $3 billion.
Tags: New York
White & Case Advises Braskem Idesa on US$3.2 Billion Financing for Mexican Petrochemical Complex
Global law firm White & Case LLP advised Braskem Idesa SAPI in securing US$3.2 billion in financing for the Etileno XXI project, a US$4.5 billion integrated petrochemicals project located in Veracruz, Mexico. The project is the largest deal to close in Mexico and Latin America in 2012.
Tags: White & Case LLP | Mexico City
Simpson Thacher Represents HCA and Its Controlling Stockholder in $2.1 Billion of Capital Markets Transactions
Simpson Thacher recently represented HCA Holdings, Inc. (“HCA”) in its offering of $1 billion aggregate principal amount of 6.25% Senior Notes due 2021. HCA intends to use the net proceeds for the financing of a dividend to its stockholders.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Goldman Sachs and Banco Santander in US$300 Million Bridge Loan Financing to Gruma, S.A.B. de C.V.
The Firm recently represented Goldman Sachs Bank USA and Banco Santander (Mexico) in connection with a US$300 million bridge loan financing to Gruma, S.A.B. de C.V. The loan proceeds will be used principally to finance the repurchase of Gruma shares owned by Archers-Daniels-Midland Company.
Tags: Simpson Thacher & Bartlett LLP | New York
Covington Advises SandRidge on $2.6 Billion Sale of Permian
SandRidge Energy, Inc. today announced that it has signed a definitive agreement to sell Permian Basin properties to Sheridan Production, a private operator, for $2.6 billion in cash. Covington & Burling, along with Texas-based Locke Lord, advised SandRidge on the transaction.
Tags: Covington & Burling LLP
Paul Hastings Represents Ayala Corporation on Acquisition of Strategic Stake in 600 MW Philippine Power Plant
Paul Hastings, a leading global law firm, announced today that it represented Ayala Corporation (“Ayala”), one of the Philippines’ largest conglomerates, on its execution of a definitive agreement to acquire an approximately 17.1% ownership interest in GNPower Mariveles Coal Plant Ltd Co. (“GMCP”) and its 2 x 300 MW coal-fired generating plant, located in Bataan province, Republic of the Philippines. The acquisition is priced at approximately US$155 million, and the closing of the acquisition is subject to lender’s consent and other customary closing conditions. The interests are currently held by an affiliate of a fund managed by Denham Capital.
Tags: Paul Hastings, LLP | Hong KongPaul Hastings Represents CLSA Capital Partners on Cross-border M&A Deal
Paul Hastings, a leading global law firm, announced today that it is representing CLSA Capital Partners, the alternative asset management arm of CLSA Asia-Pacific Markets, Asia’s leading independent brokerage and investment group, on its sale of Japanese direct marketing company of health supplement products Everlife Co., Ltd to Korean public company LG Household & Healthcare.
Tags: Paul Hastings, LLP | Tokyo
Kirkland & Ellis Represents Independent Committee of Focus Media Holding Limited in Merger Agreement for Going Private Transaction
Kirkland & Ellis represents the independent committee of Focus Media Holding Limited in its definitive agreement announced today to be acquired in a going private transaction by Jason Nanchun Jiang, the company’s chairman and CEO; affiliates of and funds managed by Giovanna Investment Holdings Limited, an entity owned and controlled by Carlyle Asia Partners III, L.P.; Gio2 Holdings Ltd., an entity owned and controlled by FountainVest China Growth Capital Fund, L.P., FountainVest China Growth Capital Fund II, L.P., their respective parallel funds and affiliates; Power Star Holdings Limited, an entity owned and controlled by CITIC Capital China Partners II, L.P.; and State Success Limited, an entity owned and controlled by affiliates of China Everbright Structured Investment Holdings Limited. In addition, Fosun International Limited and/or its affiliates will become a beneficial owner of the surviving company after the transaction is completed.
Tags: Kirkland & Ellis LLP | Hong Kong
Akin Gump Represents Second Lien Noteholders in $525 Million Kodak Patent Sale
Eastman Kodak Company announced today that it has completed a series of agreements that successfully monetizes its digital imaging patents. Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by 12 intellectual property licensees, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents.
Tags: Akin Gump Strauss Hauer & Feld LLP | New York
Shearman & Sterling Represents UBS Securities LLC on Petroleum Geo-Services ASA’s $150 Million Add-On Bond Offering
Shearman & Sterling represented UBS Securities LLC in Petroleum Geo-Services ASA’s $150 million add-on offering of high yield bonds maturing in 2018. The firm also advised on the issuer’s November 2011 offering of $300 million in high yield bonds.
Tags: Shearman & Sterling LLP