Kirkland & Ellis International LLP Represents Procuritas in Closing of €200 million Nordic Buyout Fund

Kirkland & Ellis International LLP client Procuritas, a Nordic buyout firm, held the final close of its latest fund, Procuritas Capital Investors V, LP, on 3 July 2012. The fund closed at €200 million following a five-month fundraising period and was substantially oversubscribed. The Kirkland team that represented Procuritas was led by private funds partner Kate Downey and included associates Alexandra Conroy and Aran Randhawa.

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Tags:  Kirkland & Ellis LLP

Akin Gump Advises on $500 Million Private Placement of S.A.C. Re

Akin Gump Strauss Hauer & Feld LLP served as legal counsel to S.A.C. Capital Advisors, L.P. in a $500 million private placement that helped launch S.A.C. Re, Ltd. S.A.C. Re is a Bermuda-based reinsurer whose founding investors include Steven A. Cohen and Capital Z. Partners III, L.P. It will target a combination of high margin property catastrophe and other property classes and low severity casualty reinsurance business.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | New York

Mayer Brown JSM Adds Two Corporate Partners in Beijing

Mayer Brown JSM announced the expansion of its Corporate practice in Mainland China with the addition of Henry Wang and Billy Au. Their arrival will further expand the firm’s capability in the areas of mergers and acquisitions as well as public and private offerings of equity and debt securities.

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Tags:  Mayer Brown LLP | Beijing

Structured Finance Attorney Joins McDermott’s New York Office

International law firm McDermott Will & Emery today announced that Perry Sayles, a leading structured finance attorney, has joined the Firm’s New York office as a partner in its Financial Institutions Advisory Practice Group. Mr. Sayles was formerly a partner in the New York office of another international law firm and spent considerable time in that firm’s London and Hong Kong offices.

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Tags:  McDermott Will & Emery LLP | New York

Hogan Lovells Advises on Acquisition of German Elster Group by Melrose

On 29 June 2012, Elster Group SE, based in Essen/Germany, announced that it had entered into a definitive agreement with the British affiliated company Melrose PLC, pursuant to which a wholly-owned subsidiary of Melrose PLC would offer to acquire all outstanding American Depositary Shares amounting to $2.3 billion of the electricity, gas and water measurement and control provider Elster. Melrose PLC proposes to partially fund the acquisition by way of a fully underwritten rights issue. The transaction is expected to close in the third quarter of 2012, subject to regulatory approval by the relevant authorities.

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Tags:  Hogan Lovells