Ogletree Deakins Opens 42nd Office, Expands Presence in Northeast

Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the nation’s largest labor and employment law firms, is pleased to announce the opening of its Stamford, Connecticut office. The Stamford office officially opens today with five attorneys, four of whom (two shareholders, one of counsel, and one associate) join Ogletree Deakins from Edwards Wildman Palmer LLP. Marc Zaken and John Stretton will join as Shareholders with Zaken, who was the co-chair of his former firm’s Labor and Employment Practice Group, serving as the office’s managing shareholder. Diana Nehro, a member of Ogletree Deakins’ International Practice Group, will also join the Stamford office as Of Counsel. This is the second Ogletree Deakins office to open in 2012. In April, the firm opened a New York City office.

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Simpson Thacher Represents Melrose PLC on its Proposed Acquisition of Elster Group SE and its Related Fully Underwritten Rights Issue and New Debt Facility

The Firm is representing Melrose PLC on its recently announced proposed acquisition of Elster Group SE, a European public limited liability company based in Essen, Germany and listed on the NYSE. The acquisition will be implemented principally by a US tender offer to Elster ADS holders and Elster shareholders (which is expected to commence on 6 July 2012), with an aggregate equity value of approximately $2.3 billion. Melrose intends to fund the acquisition and associated expenses through a combination of a fully underwritten UK equity rights issue to raise approximately $1.8 billion and a new debt facility of approximately $2.3 billion which will also be available to refinance existing Melrose and Elster debt. The transaction is subject to regulatory clearances in the USA, EU, Russia and Ukraine and is expected to close during August 2012.

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Simpson Thacher Represents KKR in Acquisition of a Controlling Interest in WMF AG from Capvis Equity Partners AG

The Firm is representing Kohlberg Kravis Roberts & Co. in the acquisition by a holding company, Finedining Capital GmbH, of a controlling interest in WMF AG from the Swiss financial investor Capvis Equity Partners AG. Finedining Capital GmbH also announced its intention to make a voluntary public tender offer for the remaining ordinary and preference shares of WMF, currently listed on the Frankfurt stock exchange. The aggregate transaction value is estimated to amount to at least €587 million.

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Simpson Thacher Advises Sheridan Holdings in the Establishment of $810 Million Credit Facilities

The Firm represented Sheridan Holdings, Inc., a provider of a full line of hospital based clinical and management solutions in the specialty areas of children’s services, anesthesiology, radiology and emergency medicine, in connection with the establishment of first and second lien senior secured credit facilities in an aggregate principal amount of $810 million. A portion of the proceeds from such new facilities was used to refinance Sheridan Holdings, Inc.’s existing first and second lien senior secured credit facilities. Sheridan Holdings, Inc. is an affiliate of Hellman & Friedman LLC.

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Tags:  Simpson Thacher & Bartlett LLP | New York