The Firm is representing hiSoft Technology International Limited (“hiSoft”) in connection with its proposed merger with VanceInfo Technologies Inc. (“VanceInfo”). Under the terms of the merger agreement, the companies will be combined in a tax-free, all-stock merger of equals with a combined equity value of approximately US$875 million. VanceInfo and hiSoft shareholders will each own approximately 50% of the combined company. The combined company will continue to be traded on the NASDAQ as hiSoft shares.
Tags: Simpson Thacher & Bartlett LLP | Hong KongSimpson Thacher Represents The Carlyle Group in Acquisition of TCW
Simpson Thacher is representing affiliates of The Carlyle Group in connection with their acquisition of The TCW Group, Inc. (“TCW”) from Société Générale. Founded in 1971, TCW is a Los Angeles-based diversified asset management firm offering U.S. equities and fixed income, international and alternative strategies, with approximately $130 billion under management. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2013. Financial terms were not disclosed.
Tags: Simpson Thacher & Bartlett LLP | New YorkKing & Spalding Advises The Home Depot in Agreement to Acquire U.S. Home Systems
King & Spalding advised The Home Depot in its definitive agreement to acquire U.S. Home Systems, Inc. (USHS), a provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot.
Tags: King & Spalding LLPMilbank’s Leveraged Finance Group Continues to Grow: Neil Caddy Joins Milbank in London
In a further expansion of its Leveraged Finance practice, law firm Milbank, Tweed, Hadley & McCloy LLP has announced the addition of Neil Caddy as a partner in the firm’s Global Leveraged Finance Group, based in London.
Tags: Milbank LLPShearman & Sterling Advises Sun Pharmaceutical on Merger with Taro Pharmaceutical
Shearman & Sterling is advising Sun Pharmaceutical Industries Ltd. (Sun Pharma) on its merger agreement with Taro Pharmaceutical Industries Ltd. (Taro). Upon completion of the merger, Taro will become a privately held company, will be wholly owned by affiliates of Sun Pharma, and its ordinary shares will no longer be traded on the New York Stock Exchange. The closing of the merger is subject to certain terms and conditions customary for transactions of this type.
Tags: Shearman & Sterling LLP | New YorkPrivate Equity Heavy-Weight Joins Corrs
Premium independent law firm Corrs Chambers Westgarth has appointed leading private equity expert Philip Kapp as a senior partner in its private equity practice.
Tags: Corrs Chambers WestgarthDavis Polk – Sinopec Group Overseas Development (2012) Limited $500 Million Senior Notes
Davis Polk advised Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. International plc, CCB International Capital Limited and Mizuho Securities Asia Limited as initial purchasers in connection with the $500 million Regulation S offering by Sinopec Group Overseas Development (2012) Limited, a wholly owned subsidiary of China Petrochemical Corporation, of its 3.9% senior notes due 2022. The notes are to be consolidated and form a single class of notes with the $1 billion principal amount of 3.9% senior notes due 2022 issued on May 17, 2012.
Tags: Davis Polk & Wardwell LLP | Hong KongDavis Polk – Westar Energy, Inc. SEC-Registered Dribble-Out Offering and Forward Component
Davis Polk is advising Westar Energy, Inc. in connection with an SEC-registered dribble-out offering and related forward transactions as part of its existing $500 million continuous equity financing program. BNY Mellon Capital Markets, LLC, acted as the sales agent.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk – StanCorp Financial Group, Inc. $250 Million Notes Offering
Davis Polk advised Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint book-running managers in connection with an offering by StanCorp Financial Group, Inc. of $250 million aggregate principal amount of 5% senior notes due 2022.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk Advises Ingram Micro on $300 Million Notes Offering
Davis Polk advised Ingram Micro Inc. on its SEC-registered debt offering of $300 million aggregate principal amount of senior notes due 2022. The offering was made through an underwriting syndicate led by Morgan Stanley & Co. LLC and RBS Securities Inc.
Tags: Davis Polk & Wardwell LLP | New York