Paul Hastings Advising Gemdale Corporation on General Offer of Hong Kong-Listed Property Company

Paul Hastings, a leading global law firm, announced today that it is representing Famous Commercial Ltd (“Famous”), a subsidiary of Shanghai-listed Gemdale Corporation, in its acquisition of an approximately 56% stake in Hong Kong-listed Frasers Property (China) Limited (“Frasers Property”), a subsidiary of Singapore’s Fraser & Neave Ltd, at a total consideration of approximately HK$1.65 billion.

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Tags:  Paul Hastings, LLP | Hong Kong

Simpson Thacher Represents Nielsen in $800 Million Notes Offering

Simpson Thacher represented Nielsen Finance LLC and Nielsen Finance Co., indirect subsidiaries of The Nielsen Company B.V., in connection with the issuance of $800 million aggregate principal amount of 4.500% Senior Notes due 2020. The offering was conducted in reliance upon Rule 144A and Regulation S. Nielsen intends to apply the net proceeds of this private offering for the following purposes: redemption of Nielsen’s 11.50% Senior Notes due 2016; prepayment of Nielsen’s 8.50% senior secured term loan due 2017; and general corporate purposes (including capital expenditures and working capital).

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Tags:  Simpson Thacher & Bartlett LLP | New York