Morrison Cohen – $1.1 Billion International Offering of India Mining Group Shares

Thursday, December 20, 2012

Morrison Cohen has advised the Government of India on its recent international offer and sale of $1.1 billion of shares from its majority shareholding in NMDC Limited, the Indian mining group. The transaction was executed as an “Offer For Sale”, a new category of regulated securities transaction in India, designed to help majority holders of Indian public companies reduce their shareholdings to no more than 75%, in order to comply with recent regulations intended to help modernize the Indian capital markets. The Offer for Sale and other Indian offering mechanisms are expected to be used extensively in the coming months as majority shareholders across the Indian economy begin to reduce the sizes of their shareholdings.

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Tags:  Morrison Cohen LLP

Lowenstein Sandler Adds Seth T. Goldsamt as Partner in Specialty Finance Practice

Wednesday, December 19, 2012

Lowenstein Sandler has added veteran attorney Seth T. Goldsamt as a partner in its Specialty Finance practice. Seth is based in Lowenstein’s New York City office. He focuses his practice on public and private securities offerings as well as private equity and mergers and acquisitions. He joins Lowenstein Sandler from McDermott Will & Emery, where he was a partner.

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Tags:  Lowenstein Sandler LLP | New York

Paul Hastings Represents CIMC on Landmark B-share to H-share Listing

Wednesday, December 19, 2012

Paul Hastings, a leading global law firm, announced today that it represented China International Marine Containers (Group) Co., Ltd. (“CIMC”), a leading global equipment and solutions provider in the logistics and energy industries which is listed on the Shenzhen Stock Exchange, on its landmark listing of H-shares converted from B-shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) by way of introduction. CIMC was ranked number one amongst dry freight container manufacturers in the world from 2007 to 2011 in terms of production volume, according to World Cargo News. Guotai Junan Capital Limited acted as sole sponsor for this listing.

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Tags:  Paul Hastings, LLP | Hong Kong

Prominent Real Estate Team Led by Vivian de las Cuevas-Diaz and Barbara Ferrer Joins Holland & Knight

Wednesday, December 19, 2012

Holland & Knight is pleased to announce Vivian de las Cuevas-Diaz and Barbara Ferrer have joined the firm as partners in the Real Estate Practice Group. Ms. de las Cuevas-Diaz and Ms. Ferrer will be based in Miami, working closely with the firm’s established team of real estate professionals. They are part of a five-lawyer team from Broad and Cassel that is making the transition to Holland & Knight.

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Tags:  Holland & Knight LLP | Miami

Davis Polk – Cobalt International Energy, Inc. $1.38 Billion Convertible Notes Offering

Wednesday, December 19, 2012

Davis Polk advised Cobalt International Energy, Inc. (Cobalt) in connection with an SEC-registered offering of $1.38 billion aggregate principal amount of its 2.625% convertible senior notes due 2019, which included $180 million aggregate principal amount of notes sold pursuant to the underwriters’ fully exercised overallotment option. Morgan Stanley & Co. LLC and Goldman, Sachs & Co. were the underwriters of the offering.

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Tags:  Davis Polk & Wardwell LLP | New York

Herbert Smith Freehills Advises Stelux on Its US$47.7 Million Bond Issuance

Wednesday, December 19, 2012

Herbert Smith Freehills has recently advised Stelux Holdings International Limited (“Stelux”), one of the largest mid-end watch and optical retailers in Asia, on the strategic investment and subscription of convertible bonds in an aggregate principal amount of approximately HK$371 million (US$47.7 million) by Boyu Capital (“Boyu”).

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Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong