White & Case Advises Banks on US$1 Billion Financing in Support of Alibaba Acquisition of Yahoo Stake

Global law firm White & Case LLP has advised the eight banks underwriting a US$1 billion bank facility to Alibaba Group Holding, China’s biggest e-commerce company, as part of a US$5.7 billion financing package to fund the repurchase of half of Yahoo’s 40% stake in the company. The banks include Australia and New Zealand Banking Group Limited, Barclays Bank PLC, Citigroup Global Markets Asia Limited, Credit Suisse AG, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Mizuho Corporate Bank, Ltd. and Morgan Stanley Asia Limited.

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Tags:  White & Case LLP | Hong Kong

Simpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholder in Offering of 8,000,000 Shares of Common Stock

The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”) and Ensemble Parent LLC (an affiliate of The Blackstone Group) in the sale by Ensemble Parent LLC of 8,000,000 shares of TeamHealth common stock, resulting in gross proceeds of $223,360,000. After giving effect to the offering, Ensemble Parent LLC owns approximately 27.4% of TeamHealth’s common stock. BofA Merrill Lynch acted as underwriter for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Eckert Seamans Expands IP Practice with Hire of Senior In-house Counsel from Johnson & Johnson

Laurence S. Rickles has joined the White Plains, New York office of Eckert Seamans Cherin & Mellott, LLC as a Member of the firm’s widely-recognized Intellectual Property practice. He concentrates his practice on trademark, copyright, domain name and social media matters including clearance, prosecution, litigation, due diligence, licensing, training, counseling and portfolio management.

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Tags:  Eckert Seamans Cherin & Mellott, LLC

Milbank Advises RHJ International on the Acquisition of BHF-Bank AG from Deutsche Bank

The financial services group RHJ International S.A. (“RHJI”), listed on the Euronext Brussels, and Deutsche Bank agreed on the acquisition of BHF-Bank AG (“BHF”) by Kleinwort Benson Group Limited, London (“Kleinwort Benson”), a 100% owned subsidiary of RHJI. The transaction is subject to regulatory approvals. RHJI was advised by the international law firm Milbank, Tweed, Hadley & McCloy LLP regarding all corporate, tax, antitrust and finance law aspects of the transaction.

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Tags:  Milbank LLP