Herbert Smith Freehills has advised India-based Godrej Consumer Products Limited on its acquisition of 51% of the artificial hair manufacturing and distribution business of the Darling Group in Kenya, following similar acquisitions in South Africa, Mozambique and Nigeria in 2011, on which Herbert Smith also advised.
Tags: Herbert Smith Freehills Kramer LLP
Cahill represented Wells Fargo Securities, Credit Agricole CIB, Credit Suisse, J.P. Morgan, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the Rule 144A/Reg S offering of $150,000,000 aggregate principal amount of 7.625% Senior Notes Due 2022 by Chaparral Energy, Inc.
Tags: Cahill Gordon & Reindel LLP | New YorkStamford Law are lead legal advisors to Fraser & Neave, Limited (F&N) as the takeover saga continues in the largest-ever M&A deal in Southeast Asia, with an OUE-led consortium launching a US$10.7 billion (S$13.1 billion) bid for F&N on 15 November 2012. The consortium led by Overseas Union Enterprise Ltd (OUE) is offering S$9.08 per share for F&N, trumping the earlier TCC Assets offer of S$8.88 a share. TCC Assets is a special purpose vehicle owned by Thai billionaire, Mr. Charoen Sirivadhanabhakdi and his wife. To add to the continuing drama, Japan’s Kirin Holdings – which holds an approximate 14.8% stake in F&N – have thrown their support for the OUE offer subject to certain conditions. If the OUE offer triumphs, this will lay the foundation for the F&N conglomerate to be broken up, with Kirin indicating that they will offer to buy F&N’s food and beverage business for S$2.7 billion, and the remainder of F&N’s businesses being retained by OUE, including the property business.
Tags: Singapore
Global law firm White & Case LLP has acted for Qatar Holding LLC (“QH”), the direct and strategic investment arm of the Qatar Investment Authority, on two recent transactions including QH’s acquisition of a stake in media investment company The Chernin Group (“TGC”) and the establishment of an asset management joint venture between QH and Credit Suisse.
Tags: White & Case LLP | New YorkHerbert Smith Freehills investment funds team has advised J.P. Morgan Cazenove as sponsor and global coordinator on the launch of BACIT Limited – Battle Against Cancer Investment Trust – and its £200 million IPO on the Main Market of the London Stock Exchange.
Tags: Herbert Smith Freehills Kramer LLP
Bracewell & Giuliani LLP represented Evercore Partners, advisor to Targa Resources Partners LP, regarding Targa Resources Partners’ acquisition of 100% of Saddle Butte Pipeline, LLC’s ownership of its Williston Basin crude oil pipeline and terminal system and its natural gas gathering and processing operations for cash consideration of $950 million, subject to customary purchase price adjustments and certain contingent payments.
Tags: Bracewell LLP | Houston
Simpson Thacher represented Sears Holdings Corporation (Sears Holdings) in the spin-off of approximately 44.5% of the common shares of Sears Canada Inc. (Sears Canada) on a pro rata basis to holders of Sears Holdings common stock. Sears Holdings will retain an ownership interest of approximately 51% in Sears Canada. The distribution was made on November 13, 2012 with a value of approximately $565 million. Sears Holdings is a broadline retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Sears Canada is a multiline retailer with 487 full-line and specialty retail stores in Canada.
Tags: Simpson Thacher & Bartlett LLPSimpson Thacher recently represented Aeropuertos Dominicanos Siglo XXI (Aerodom), which is controlled by affiliates of private equity firm Advent International, in the offering of $550 million aggregate principal amount of 9.250% Senior Secured Notes due 2019. The notes are unconditionally guaranteed by Latin American Airports Holdings Ltd. (LAAH), Aerodom’s parent, and other intermediate holding companies. This offering represents the largest ever bond transaction by a Dominican corporate issuer.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher recently represented Credit Suisse (Hong Kong) Limited and Morgan Stanley Asia Limited as joint placement agents in connection with the private placement of convertible preference shares by Alibaba Group Holding Limited, which raised approximately $1.8 billion. The placement of convertible preference shares was part of a financing package that is the largest private financing for a private sector Chinese company, and the largest ever non-LBO private financing for a technology company globally.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong
International law firm Norton Rose has advised KfW IPEX-Bank GmbH, the international project and export finance bank, on debt funding provided to Barclays Infrastructure Funds (BIF) for the acquisition of Black Hill Wind Farm.
Tags: Norton Rose Fulbright