A Clayton Utz team has advised ASX-listed Salmat Limited (“Salmat”) on the sale of its Business Process Outsourcing (“BPO”) division to Japan’s FUJIFILM Holdings Corporation (“Fujifilm Holdings”) for $375 million
Tags: Clayton Utz
Herbert Smith Advises Cable & Wireless Worldwide on £1 Billion Takeover by Vodafone
Herbert Smith has advised long-standing client Cable & Wireless Worldwide (‘CWW’) on its recent takeover by Vodafone, which was implemented by way of a scheme of arrangement. Vodafone paid approximately £1.04 billion to gain control of CWW, in a transaction designed to strengthen Vodafone’s enterprise business and position it well to capitalise in the growing market for unified communications.
Tags: Herbert Smith Freehills Kramer LLP
Johnny Chiu Joins Morrison Foerster’s Washington Office
Johnny Chiu has been recruited to the Washington office of Morrison Foerster, according to the firm’s press release. The intellectual property litigation partner brings significant experience representing Asian clients in U.S. patent matters. He is fluent in both Mandarin and Taiwanese.
Tags: Morrison & Foerster LLP
Ogletree Deakins Grows California Ranks, Deepens Complex Litigation Practice
The Orange County office of Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), continues its tremendous growth by welcoming a shareholder, former in-house counsel, and an associate to its Southern California ranks
Tags: Ogletree DeakinsChadbourne Represents OrPower 4 Inc. in Connection with Long-term Senior Debt Financing of up to $310 Million for the Olkaria III Geothermal Power Complex in Kenya
Chadbourne & Parke LLP represented OrPower 4 Inc., a wholly-owned indirect subsidiary of NYSE-listed Ormat Technologies, Inc., in connection with an up to $310 million limited-recourse project financing from the Overseas Private Investment Corporation, an agency of the United States Government, for the Olkaria III geothermal power complex located in Naivasha, Kenya. The OPIC financing, which was signed on August 23, 2012, is comprised of two tranches aggregating up to $265 million that will be used to pay costs of the existing 48 MW Plant 1 at the Olkaria III complex, and fund the construction well field drilling for the expansion of the Olkaria III geothermal power complex to up to 84 MW (Plant 2). The OPIC financing also includes up to $45 million of a stand-by tranche in the event that OrPower 4 elects to construct a further additional expansion of up to 16 MW (Plant 3).
Shearman & Sterling Advises American Sugar Refining, Inc. on Investment in Belize Sugar Industries Limited
Shearman & Sterling is representing American Sugar Refining, Inc. (American Sugar), which has agreed to acquire a controlling interest in Belize Sugar Industries Limited (BSI).
Tags: Shearman & Sterling LLPMorrison & Foerster Adds Intellectual Property Litigator Johnny Chiu in Washington, D.C.
Morrison & Foerster is pleased to announce that intellectual property litigator Johnny Chiu has joined the firm’s Washington, D.C. office as a partner.
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Growth Continues for Maddocks with Two New Lateral Hires
Gilbert + Tobin Advises PEP on $1.1 Billion Acquisition of Spotless
Gilbert + Tobin is pleased to have advised leading Australasian private equity firm, Pacific Equity Partners (PEP) on the $1.1 billion acquisition of Spotless Group Limited (ASX/NZX: SPT, Spotless) which was completed on 16 August.
Tags: Gilbert, LLP
Cravath – Hertz’s Proposed Acquisition of Dollar Thrifty
On August 27, 2012, Hertz Global Holdings, Inc. announced that it has entered into a definitive merger agreement to acquire Dollar Thrifty Automotive Group, Inc. in a transaction with a corporate enterprise value of approximately $2.3 billion. Cravath represented Hertz in this transaction.
Tags: Cravath, Swaine & Moore LLP | New York