International law firm Taylor Wessing announces the addition of a new partner to its financial services regulatory team.
Tags: Taylor Wessing LLP
Mayer Brown Represents Fresenius Kabi on Agreement to Acquire Fenwal
Mayer Brown announced today that it advised Fresenius Kabi, a leading provider of infusion therapy and clinical nutrition, on its definitive agreement to acquire Fenwal Holdings, Inc., a global leader specializing in separation technologies for blood and cell collection and therapy with operations throughout North America, Latin America, Europe and Asia. The acquisition is expected to close by the end of the year. Financial terms of the agreement were not disclosed.
Tags: Mayer Brown LLP
New Partner Hire in Frankfurt as Simmons & Simmons Continues to Expand
Following the recent announcement of two new Finance partners in London, international law firm Simmons & Simmons has announced the appointment of Dr Wolfgang Kotzur as a Finance partner in its Frankfurt office.
Tags: Simmons & Simmons | Germany
Shearman & Sterling Advising African Barrick Gold plc in Connection with Proposed Acquisition of 100% of Shares of Aviva Mining (Kenya) Limited
On 23 July 2012, African Barrick Gold plc (ABG) announced that it had entered into an agreement with Aviva Corporation Limited (Aviva) to acquire all of the outstanding share capital of Aviva Mining (Kenya) Limited (AMKL) for initial cash consideration of approximately A$20 million. A further potential payment of A$10 million will become payable to Aviva if a National Instrument 43-101 compliant indicated resource of 3 million ounces of gold is declared over the project areas. ABG has also agreed to provide up to an additional A$1 million to Aviva by way of a purchase price advance to cover the costs of an agreed exploration programme until the transaction closes, repayable under certain circumstances in the event that the acquisition does not complete. AMKL’s assets include interests in a number of special licences in west Kenya, approximately 300km northwest of Nairobi, near the border of Uganda and on the shores of Lake Victoria.
Tags: Shearman & Sterling LLP
Paul, Weiss – Nexen Agrees to be Acquired by CNOOC for $15.1 Billion
Paul, Weiss client Nexen Inc., an independent, Canada-based global energy company with operations in the UK, Canada, Nigeria, the United States and elsewhere, has entered into a definitive agreement under which CNOOC Limited, China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world, will acquire all of the outstanding common shares of Nexen for $27.50 per share in cash, in a transaction valued at approximately $15.1 billion. The purchase price represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July 20, 2012, and a premium of 66% to Nexen’s 20 trading-day volume-weighted average share price.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York
Venable Adds Veteran Labor and Employment Litigator Brian Clark as Partner in New York Office
Expanding its national labor & employment group while continuing its steady growth in the New York market,Venable LLP has added veteran labor and employment defense litigator Brian J. Clark as a partner in its New York office.
Tags: Venable LLP | New York
Kirkland Advises NRG Energy in $1.7 Billion Acquisition of GenOn Energy
Kirkland & Ellis represents NRG Energy, Inc. (NYSE: NRG) in its agreement with GenOn Energy, Inc., (NYSE: GEN) to combine the two companies in a stock-for-stock transaction valued at about $1.7 billion.
Tags: Kirkland & Ellis LLP
Clayton Utz Advises on oOh!media’s Proposed Acquisition of EYE Corp
Clayton Utz is advising Outdoor Media Operations on its proposed acquisition of EYE Corp from Ten Network Holdings. The transaction values EYE Corp at up to $A145 million and was announced to the market on 20 July.
Tags: Elliott GreenleafMayer Brown JSM Announces Partner Hire in Hong Kong
Mayer Brown JSM has appointed James Fong as partner in the Corporate & Securities practice. James has over 12 years of experience in handling a wide range of corporate finance transactions including Hong Kong IPOs, listing of exchange traded funds, block trades, rights issue, takeover, private equities, joint ventures and regulatory compliance.
Tags: Mayer Brown LLP | Hong Kong
Paul Hastings Advises Cequel in $6.6 Billion Transaction
Paul Hastings, a leading global law firm, announced today that the firm is representing Cequel Communications Holdings LLC, a cable-television and Internet-services provider which does business as Suddenlink Communications, in connection with its sale to BC Partners, CPP Investment Board and certain members of Suddenlink’s management team led by CEO Jerry Kent in a transaction valued at $6.6 billion. A group of equity investors, including Goldman Sachs, Oaktree Capital Management and Quadrangle, are selling their interests to the new investor group. The closing of the transaction is subject to regulatory approval and is expected in the fourth quarter of 2012.
Tags: Paul Hastings, LLP | New York