Simpson Thacher represented the underwriters, led by Barclays Capital Inc., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the registered public offering of $400 million principal amount of 3.200% Senior Notes due 2022 of Agilent Technologies, Inc.
Tags: Simpson Thacher & Bartlett LLPThe Firm is representing Blackstone Capital Partners VI, L.P. in connection with its acquisition of Vivint Inc., Vivint Solar, Inc. and 2GIG Technologies, Inc. from their existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of $2 billion. It is expected that the transaction will close before year end.
Tags: Simpson Thacher & Bartlett LLP | New York
King & Wood Mallesons has advised Focus Minerals Limited on its Share Subscription Deed with Shandong Gold International Mining Corporation Limited, under which Shandong Gold will take a majority stake in Focus Minerals through a placement valued at $227.5 million.
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International law firm DAC Beachcroft has appointed financial services specialist Jayne Bennett as a partner in its Financial Institutions Group.
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Orrick, Herrington & Sutcliffe LLP announced today that Martin Meissner has joined the firm as a partner in its Real Estate Group, enhancing the firm’s substantial and high-quality presence in the country’s real estate and finance markets.
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Goodwin Procter advised client DST Global on its recent follow-on investment in the Alibaba Group to help finance Alibaba’s repurchase of shares from Yahoo! and restructure its relationship with the Silicon Valley company. The $7.6 billion raised by Alibaba was the largest ever private financing for a private sector Chinese company and the largest non-LBO financing for a technology company globally. The new equity financing for Alibaba was completed at a valuation of approximately $40 billion. More >>
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Davis Polk advised Digicel Group Limited on a Rule 144A/Regulation S offering of $1.5 billion of 8.25% senior notes due 2020 and a concurrent cash tender offer by Digicel for any and all of its $415 million aggregate principal amount of outstanding 9.125% / 9.875% senior toggle notes due 2015 and $1 billion aggregate principal amount of outstanding 8.875% senior notes due 2015. The tender offer consideration was funded from the net proceeds of the offering.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised AstraZeneca PLC in connection with its SEC-registered shelf takedown of $1 billion aggregate principal amount of 1.95% notes due 2019 and $1 billion aggregate principal amount of 4% notes due 2042. The notes were underwritten by Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
Tags: Davis Polk & Wardwell LLPDavis Polk is advising Synutra International, Inc. in connection with a long-term industrial and commercial partnership agreement with Groupe Sodiaal SA and Eurosérum SAS, a subsidiary of Sodiaal, pursuant to which Synutra will build a new drying facility in Brittany (France), intended to manufacture powdered milk and fat-enriched demineralized whey for the needs of the Synutra group. This new drying facility, which is anticipated to cost approximately €90 million ($118 million) to build, is expected to be commissioned by year-end 2014 and to employ approximately 75-100 employees. Upon commissioning of the drying facility, Eurosérum and Sodiaal will supply the facility with demineralized liquid whey and milk.
Tags: Davis Polk & Wardwell LLP | BeijingDavis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint book-running managers in connection with the offering of 4,025,000 shares of Class A common stock of Genesee & Wyoming Inc. (including 525,000 shares from the full exercise of the underwriters’ over-allotment option), of which 233,996 shares were offered by a selling stockholder who is the Chairman of the company’s board of directors, and the offering of 2,300,000 5% tangible equity units of Genesee & Wyoming Inc. (including 300,000 tangible equity units from the full exercise of the underwriters’ over-allotment option). The net proceeds from the Class A common stock offering were approximately $233.4 million and the net proceeds from the tangible equity units offering were approximately $221.6 million, resulting in total net proceeds of approximately $455 million. Genesee & Wyoming Inc. intends to use the net proceeds from the concurrent offerings to partially fund its pending acquisition of RailAmerica Inc.
Tags: Davis Polk & Wardwell LLP | New York