Herbert Smith has advised client Chello Zone (a Chellomedia group company) on the expansion of its partnership with CBS Studios International, which was announced on 1 August 2012.
Tags: Herbert Smith Freehills Kramer LLP
Herbert Smith Hires Litigation Team in New York
Herbert Smith LLP announced the recruitment of a team of six leading US commercial litigation partners today.
Tags: Herbert Smith Freehills Kramer LLP | New YorkHerbert Smith Advises Sinopec on Its US$1.5 Billion North Sea Acquisition
Herbert Smith has advised Sinopec, one of China’s largest energy and petrochemical companies, on its agreement to acquire a 49% stake in Canadian company Talisman Energy Inc’s UK North Sea business for $1.5 billion. The deal was signed on 23 July 2012.
Tags: Herbert Smith Freehills Kramer LLP | Beijing
Skadden Represents Wynn Resorts in US$2.3 Billion Financing
Skadden represented Wynn Resorts (Macau) S.A. in connection with a new US$2.3 billion dual currency secured credit facility. The US$2.3 billion secured credit facility consisted of: (i) a US$750 million equivalent fully funded senior secured term loan facility; (ii) a US$1.55 billion equivalent senior secured term loan facility; and (iii) an option to upsize the total senior secured facilities by an additional US$200 million. Borrowings under the senior secured credit facilities will consist of both Hong Kong dollar and US dollar tranches. The borrowings will be used to refinance Wynn Macau’s existing indebtedness and to fund the design, development and construction of Wynn Macau’s new casino resort in the Cotai area of Macau. The total cost of the Wynn Cotai project is expected to be between US$3.5 – US$4 billion.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP | Hong Kong
Cox Smith Continues Dallas Expansion with Addition of Two K&L Gates Partners
Cox Smith Matthews Incorporated (“Cox Smith”) today announced the addition of two experienced attorneys in its Dallas office. Eduardo “Eddy” Espinosa and Michael Napoli, who were previously partners in K&L Gates’ Dallas office, have joined Cox Smith’s corporate and litigation practices as shareholders.
Tags: K&L Gates LLP | Dallas
McDermott Expands Life Sciences Team Coast-to-Coast
Moving to expand its already strong life sciences capabilities, international law firm McDermott Will & Emery LLP today announced the addition of two new partners and a team of seasoned patent practitioners in its Silicon Valley and Boston offices.
Tags: McDermott Will & Emery LLP
Lowenstein Sandler Represents NextWave Wireless in Planned Acquisition by AT&T
Lowenstein Sandler is representing NextWave Wireless Inc., a wireless technology company that manages and maintains wireless spectrum licenses, in its acquisition by communications leader AT&T. Under the terms of the agreement, announced August 2, 2012, AT&T will acquire all of the outstanding common shares of NextWave for $1.00 per share plus a contingent payment right representing a $25 million interest in an escrow fund. In addition, the holders of NextWave’s secured notes have entered into separate note purchase agreements with AT&T.
Tags: Lowenstein Sandler LLP | New York
Ronald Hatcher, Jr. Joins the Phoenix Office of Gordon & Rees LLP
Ronald “Ron” Hatcher has joined the Phoenix office as a partner in the Real Estate Group. Mr. Hatcher has extensive experience in complex real estate and business transactions. He has successfully represented and advised clients ranging from individuals to large national and regional companies in the negotiations of commercial lease, purchase, sale and joint venture agreements.
Tags: Gordon Rees Scully Mansukhani, LLP | Phoenix
Willkie Advises Barings in Acquisition of Korean Asset Manager
On August 1, Willkie client Baring Asset Management, an international investment management firm, announced it has agreed to acquire SEI Asset Korea Co., Ltd. London-based Barings, a subsidiary of MassMutual Financial Group, currently has about $47 billion under management.
Tags: Willkie Farr & Gallagher LLP | New York
Simpson Thacher Represents Issuer in $700 Million Initial Public Offering by ClearBridge Energy MLP Total Return Fund Inc.
Simpson Thacher represented ClearBridge Energy MLP Total Return Fund Inc. (the “Fund”) in connection with its $700 million initial public offering of common stock. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “CTR”. The underwriting syndicate for the offering was led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities LLC and Ameriprise Financial Services, Inc.
Tags: Simpson Thacher & Bartlett LLP | New York