Genesis HealthCare (Genesis), one of the nation’s largest providers of skilled nursing and rehabilitation care, today announced that effective December 1, 2012 it completed the acquisition of Sun Healthcare Group, Inc. (Sun) (NASDAQ GS: SUNH). Based in Irvine, California, Sun is a healthcare services company serving primarily the senior population. Sun owns SunBridge Healthcare, LLC, which, directly and through affiliates, operates skilled nursing facilities, assisted and independent living centers, and behavioral health centers in 23 states. Sun also owns SunDance Rehabilitation, CareerStaff Unlimited, and SolAmor Hospice.

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International law firm Ince & Co advised the banks arranging a US$250 million loan facility to Hoegh LNG, financing the construction of a floating storage and regasification unit (FSRU) to be delivered for the Klaipedos Nafta FSRU project in Lithuania.

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As part of Russia’s largest ever takeover, international law firm Weil, Gotshal & Manges advised Access Industries and Renova on the sale of their stake in the Russian oil joint venture, TNK-BP, to state-owned oil company Rosneft, which signed yesterday. The transaction price is set on the basis of the valuation of AAR’s TNK-BP stake at $28 billion. Completion is conditional on certain regulatory and other matters.

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O’Melveny & Myers LLP advised Egeria, a leading Dutch mid-market private equity house, in the fundraising of Egeria Private Equity Fund IV. The fund achieved a first and final close in December 2012, taking just under three months to finalise all legal negotiations. The fund was oversubscribed at its €600 million (US$780 million) cap.

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Shearman & Sterling is advising Barry Callebaut on its acquisition of the Cocoa Ingredients Division of Petra Foods Limited in a transaction valued at US$950 million. The transaction is subject to approval by Petra Foods’ shareholders as well as regulatory authorities. The closing of the transaction is expected in summer 2013.

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