Simpson Thacher Represents J.P. Morgan and Nomura in $466.2 Million Concurrent Offerings of Zero Coupon Convertible Bonds and Global Depositary Shares by TPK Holding Co., Ltd.

Friday, October 5, 2012

Simpson Thacher recently represented J.P. Morgan and Nomura in connection with concurrent offerings by TPK Holding Co., Ltd. (“TPK”) of US$230 million Zero Coupon Convertible Bonds due 2017 (the “Bonds”) and US$236.2 million of global depositary shares (the “GDSs”). TPK is a leading touch solution provider with manufacturing facilities in China. TPK’s touch solutions are applied in a large number of market leading smartphones and tablets. The common shares of TPK are traded on the Taiwan Stock Exchange under the trading code “3673”. Both the Bonds and the GDSs are listed on the Luxembourg Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | Beijing

Simpson Thacher Represents DJO Finance LLC and DJO Finance Corporation in High Yield Notes Offerings

Friday, October 5, 2012

Simpson Thacher represented DJO Finance LLC (the “Company”) and DJO Finance Corporation, both wholly-owned subsidiaries of DJO Global, Inc., in Rule 144A and Regulation S offerings of $100.0 million aggregate principal amount of 8.75% Second Priority Senior Secured Notes due 2018 and $440.0 million aggregate principal amount of 9.875% Senior Notes due 2018. The net proceeds of the issuances are being used to refinance the issuers’ $465.0 million aggregate principal amount of 10.875% Senior Notes due 2014, pay related fees and expenses, and repay $38.0 million of borrowings under the Company’s senior secured revolving credit facility. The offerings closed on October 1, 2012.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Buchanan Ingersoll & Rooney Opens Charlotte Office With Veteran Finance Lawyers Mike Wielechowski and Nathan Fuller, Plus Associate Kerri DeRuyter

Friday, October 5, 2012

Buchanan Ingersoll & Rooney PC, a national law firm with 450 lawyers and government relations professionals, announced today that it will open a Charlotte, NC office with three local banking and finance lawyers – shareholderMike Wielechowski, counsel Nathan Fuller and associate Kerri DeRuyter. The firm is seeking office space in Uptown Charlotte with plans to open in the next two weeks.

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Tags:  Buchanan Ingersoll & Rooney PC

Freshfields Advises Vitus Group on First Euro CMBS Since Start of the Financial Crisis

Friday, October 5, 2012

International law firm Freshfields Bruckhaus Deringer has advised the Vitus group (whose shareholders include Deutsche Bank and Round Hill Capital) on the refinancing of its multi-family housing portfolio involving a €754m commercial mortgage backed securitisation (CMBS) and a new mezzanine loan provided by a major European institutional investor. Proceeds from the deal were used to refinance the loans made to the Vitus Group under a previous securitisation.

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Tags:  Freshfields LLP

Orrick Wins Significant Victory for KBC in Diamond Theft Case

Friday, October 5, 2012

Orrick, Herrington & Sutcliffe LLP recently secured a significant victory in the United States District Court for the Southern District of New York for Belgian bank KBC, a longtime Orrick client. The plaintiff, Lazare Kaplan International, the largest diamond manufacturing and distribution company in the United States, filed a US$1.5 billion RICO lawsuit against KBC and its subsidiary, Antwerp Diamond Bank (ADB), in December 2011. The suit was based on the alleged theft of US$135 million in diamonds from Lazare’s Belgian and other foreign subsidiaries.

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Tags:  Orrick, Herrington & Sutcliffe LLP | New York

Greenberg Traurig Represents SPAC Sponsored by BET Founder in Purchase of Image Entertainment, Inc. and Acorn Media Group, Inc.

Friday, October 5, 2012

The international law firm Greenberg Traurig LLP represented RLJ Acquisition, Inc., a special purpose acquisition corporation (SPAC) sponsored by Robert Johnson, the founder of Black Entertainment Television (BET), in a transaction that closed Wednesday, October 3, to acquire two film distribution companies: Image Entertainment, Inc. and Acorn Media Group, Inc. The combined companies will operate as “RLJ Entertainment, Inc.” It is expected that the shares of RLJ Entertainment common stock will trade on the Nasdaq Capital Market. The deal will combine two major home entertainment movie libraries. Image has the exclusive rights to 3,700 DVD titles, including the Criterion Collection, and the digital download rights for 2,200 video programs. Acorn Media has the rights to many British television programs and films.

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Tags:  Greenberg Traurig, LLP | New York

Morgan & Morgan Advise in US$647 Million Acquisition of Toll Road Concession

Friday, October 5, 2012

Panamanian law firm Morgan & Morgan represented the Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA), in the acquisition of the Corredor Norte, a toll road concession in the Republic of Panama. The firm’s advice and participation consisted of, among others, the creation of a special purpose vehicle, subsequently capitalized by Pycsa Panamá, S.A. (the original Concession holder) by transferring the Concession and its related assets; structuring the different components of the operation; drafting and reviewing the required documents and agreements; and procuring regulatory approvals and opinions required in order to complete the US$647 million transaction. The shares of the new Concession holder (the special purpose vehicle) were transferred to a trust, which – upon dissolution of said special purpose vehicle – will acquire and sell the Concession to ENA Norte, S.A.

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Tags:  Morgan and Morgan, P.A.