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 YorkDavis Polk advised Credit Suisse Securities (USA) LLC, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KDB Asia Limited, Morgan Stanley & Co. International plc and The Royal Bank of Scotland plc as underwriters in connection with a Schedule B debt offering by The Korea Development Bank of $750 million in aggregate principal amount of its 3% notes due 2022.
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Cahill represented J.P. Morgan, Deutsche Bank Securities, and Wells Fargo Securities as joint book-running managers and the co-managers in connection with the Rule 144A offering of $325,000,000 aggregate principal amount of 7.375% Senior Notes due 2017 by Ladder Capital Finance Holdings LLP and Ladder Capital Finance Corporation.
Tags: Cahill Gordon & Reindel LLP | New York