Simpson Thacher is representing an investor group led by Siris Capital Group, LLC in connection with its acquisition of TNS, Inc. (NYSE: TNS) for $21.00 per share in an all-cash deal valued at approximately $862 million including the refinancing of debt. The merger is expected to close during the first quarter of 2013 following a 30-day go-shop period, pending shareholder approval, regulatory approvals and customary closing conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented MDC Partners Inc. (“MDC”) in connection with a Rule 144A/Regulation S offering of $80 million aggregate principal amount of its 11% Senior Notes due 2016, fully and unconditionally guaranteed by all of its wholly owned subsidiaries. The initial purchasers were led by J.P. Morgan Securities LLC. The notes were issued as additional notes under an existing indenture, pursuant to which MDC issued $225 million, $65 million and $55 million aggregate principal amount of 11% Senior Notes due 2016 in October 2009, May 2010 and April 2011, respectively. The notes offering closed on December 10, 2012.
Tags: Simpson Thacher & Bartlett LLP | New York
Leading global law firm Mayer Brown has acted for Santander Consumer Bank AS on a €500m auto loan securitisation, Bilkreditt 3, which is the first securitisation to receive the Prime Collateralised Securities (PCS) label.
Tags: Mayer Brown LLP
Hogan Lovells advised the Republic of Ecuador in the negotiation of a US$127 million financing protocol that was executed on 4 December 2012 by the Minister of Foreign Trade of France and the Minister of Finance of Ecuador. Under the protocol, the government of France will extend a loan to be used for the construction of an urban transportation project in the city of Cuenca in southern Ecuador.
Tags: Hogan Lovells | Miami
The WhiteWave Foods Company (“The Company”) (NYSE: WWAV) announced that it has agreed to sell certain assets owned by the Company to Morningstar Foods for $60 million, net of taxes, in connection with the separately announced sale by Dean Foods Company of its Morningstar business to Saputo Inc.
Tags: Baker Botts L.L.P. | Dallas
Today Preti Flaherty announced that it has reached agreement with Weingarten, Schurgin, Gagnebin & Lebovici(WSGL) to join forces effective January 1, 2013. The seven attorneys of WSGL, a Boston intellectual property law firm, will join Preti Flaherty, a regional New England law firm with offices in Massachusetts, Maine, New Hampshire, Washington, DC and New Jersey. In anticipation of this change, Preti Flaherty’s existing team of Boston attorneys and staff and their Preti Minahan affiliate will consolidate operations at WSGL’s Boston office at Ten Post Office Square on December 14th.
Tags: Preti, Flaherty, Beliveau & Pachios, Chartered, LLPThe Firm is representing an investor group comprised of New China Trust Co. Ltd., China Aviation Industrial Fund and P3 Investments Ltd. in connection with their agreement to purchase up to a 90% stake in International Lease Finance Corporation (ILFC), which is an aircraft leasing company wholly-owned by American International Group, Inc. (NYSE: AIG).
Tags: Simpson Thacher & Bartlett LLP | Hong KongThe Firm is representing Ingersoll-Rand plc (NYSE:IR) in connection with its announced plan to spin-off its commercial and residential security businesses (“the new security company”). The separation will result in two standalone companies. The spin-off is intended to be tax free to shareholders and expected to be completed in approximately 12 months. The new security company is expected to have annual revenues of approximately $2 billion on a pro forma basis based on 2011 revenues. The completion of the spin-off is subject to certain customary conditions and final approval of the transactions contemplated by the spin-off, as may be required under Irish law.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented Sirius XM Radio Inc. (SiriusXM) in connection with the entering into of a new five-year, $1,250,000,000 senior secured revolving credit facility.
Tags: Simpson Thacher & Bartlett LLP | New York