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, 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, 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 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
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 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
Dr. Wolfgang Hölters, one of Germany’s most well known and respected corporate lawyers, will join the Düsseldorf Office of global law firm Jones Day on January 2, 2013. With the addition of the Dr. Hölters, Jones Day continues to expand its practice in Germany.
Tags: Jones Day
DLA Piper represented Effie Film, LLC, the producer of the motion picture Effie and the screenplay’s author, Academy Award-winning actress and screenwriter Emma Thompson, in an important copyright infringement case brought by writer Eve Pomerance. The December 18, 2012 Southern District of New York Court’s decision defends the right for authors of differing creative visions to use the same historical facts in fictional works.
Tags: DLA Piper
The Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it advised on the high profile Korea Gas Corporation (“KOGAS”) refinancing for three 2000 built LNG carriers. The 135,000 cbm built LNG carrier “Hanjin Sur” is on bareboat charter to Hanjin Shipping Co., Ltd, the 135,000 cbm built LNG carrier “SK Supreme” is on bareboat charter to SK Shipping Co., Ltd. and the 135,000 cbm built LNG carrier “Hyundai Cosmopia” is on bareboat charter to Hyundai Merchant Marine Co., Ltd. All three LNG carriers are operating under long term contracts of affreightment with KOGAS.
Tags: Watson Farley & Williams LLP | SingaporeThe Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Nellan ApS (“Nellan”) on the acquisition of a Singapore-incorporated subsidiary of Nordic Tankers A/S earlier this year.
Tags: Watson Farley & Williams LLP | Singapore