Phelps Dunbar LLP announces that Patrick A. Talley, Jr. has joined the firm’s New Orleans office as a partner. Formerly with Frilot L.L.C. where he was a partner and practice section leader, Mr. Talley brings more than 25 years of experience in railroad, energy and environmental law as well as commercial litigation to his practice at Phelps Dunbar.
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Davis Polk is advising Metalmark Capital in connection with the acquisition of a controlling interest in Maxum Petroleum, Inc. by Pilot Flying J for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum Petroleum. Current investors in Maxum Petroleum, including Maxum management, Metalmark and Waud Capital Partners, will receive cash and will also re-invest in the new venture. The transaction is subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Act.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised Sumitomo Mitsui Banking Corporation in connection with its $3 billion senior debt offering in reliance on the Section 3(a)(2) exemption of the Securities Act. The offering consisted of $1 billion of 1.35% senior bonds due 2015, $1.25 billion of 1.8% senior bonds due 2017 and $750 million of 3.2% senior bonds due 2022, each guaranteed by Sumitomo Mitsui Banking Corporation’s New York branch. The joint lead managers for the offering were Goldman, Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. SMBC Nikko Securities served as international offering coordinator.
Tags: Davis Polk & Wardwell LLP | Tokyo
A cross-practice team of lawyers from King & Spalding has successfully advised GE Capital Corporation, as joint lead arranger and administrative agent, on the financing of Snow Phipps Group’s acquisition of LTI Flexible Products, Inc. from Sentinel Capital Partners. Terms of the deal, which was announced July 19, were not disclosed.
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Fasken Martineau, a leading international business law and litigation firm, has boosted its public and construction law expertise in Paris by recruiting Bruno Richard. He has joined the firm as a partner along with associate Betty Viau.
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Donald W. Hawthorne, a Partner with Axinn, Veltrop & Harkrider LLP (“AVH”), one of the country’s leading antitrust, IP and litigation law firms, represented Syncora Guarantee Inc. in a $375 million settlement with Bank of America Corp. (“BofA”). Syncora also was represented by lawyers at Debevoise & Plimpton.
Tags: Axinn, Veltrop & Harkrider LLP | New York
The firm is representing Genesee & Wyoming Inc. (NYSE:GWR) in connection with its acquisition of RailAmerica, Inc. (NYSE:RA) for $27.50 per share in cash. The transaction is valued at approximately $1.4 billion, excluding RailAmerica’s outstanding debt. The transaction, which is subject to approval or authorization of the Surface Transportation Board and other customary closing conditions, is expected to close in the fourth quarter of 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher recently represented Blackstone Healthcare Partners in connection with its investment in NantPharma, LLC. The transaction signed and closed on July 20, 2012.
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International law firm Dechert LLP’s cross-border transactional life sciences practice has advised British life sciences company Funxional Therapeutics Ltd (“FXT”) on the sale of its FX125L compound and somatotaxin programme to Boehringer Ingelheim, the leading German pharmaceuticals company. FX125L is intended to be used to treat a broad range of inflammatory diseases.
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Cooley LLP announced today the opening of itsLos Angeles office with the addition of four prominent LA-based partners. The new office, which will be located in Santa Monica – a vibrant hub for technology, media and venture capital in the Greater Los Angeles region – will complement Cooley’s three existing California offices and be seeded from the outset with the firm’s existing relationships with more than 200 clients in the Los Angeles region. Cooley plans to grow the office aggressively and provide full-service business and litigation legal services to clients ranging from startups to Fortune 100 companies. Cooley is committed to capitalizing on its leading position in the tech, digital and social media markets at a time of increasing and dynamic convergence.
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