Orrick, Herrington & Sutcliffe LLP has advised Silver Bay Realty Trust Corp. in its initial public offering (“IPO”), making it the first publicly traded Real Estate Investment Trust (REIT) focused on the single-family rental market. The Company raised $245 million in its IPO and its shares trade on the New York Stock Exchange under the symbol “SBY.” The IPO closed on December 19, 2012.
Tags: Orrick, Herrington & Sutcliffe LLP | San Francisco
Kramer Levin represented Spraylat Corporation, a family-owned paint and coatings business specializing in high-quality industrial liquid and powder coatings applied to metal, glass and plastic substrates, in connection with the sale of the Spraylat business to PPG Industries, Inc. (NYSE:PPG), a leading global coatings and specialty products company. The transaction closed on December 17, 2012.
Tags: Kramer Levin Naftalis & Frankel LLP | New York
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.
Tags: Morrison Cohen LLP
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.
Tags: Lowenstein Sandler LLP | New York
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.
Tags: Paul Hastings, LLP | Hong Kong
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.
Tags: Holland & Knight LLP | MiamiBurleson LLP, the largest law firm in the country devoted specifically to the oil and gas sector, announced today thatGary Brown has joined as a Partner in the Litigation Practice Group in the Houston office.
Tags: Houston
Squire Sanders is expanding the reach of its Financial Services Practice Group with the lateral hires of two highly-respected partners: Philippa Chadwick and Paula Laird.
Tags: Squire Patton Boggs
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.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Jefferies & Company, Inc. as manager of the placement agents in connection with the approximately $132 million SEC-registered direct offering of 21,639,774 shares of common stock of Scorpio Tankers Inc. The shares are listed on the New York Stock Exchange under the symbol “STNG.”
Tags: Davis Polk & Wardwell LLP | New York