Shearman & Sterling Advises on Banco Davivienda’s US$500 Million Subordinated Notes Offering

Thursday, July 19, 2012

Shearman & Sterling represented Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as joint bookrunners in connection with Banco Davivienda S.A.’s offering of US$500 million Subordinated Notes due 2022. Banco Davivienda S.A. is one of the largest financial institutions in Colombia and is a leading, integrated full service bank with the strongest consumer banking franchise in Colombia. This was Banco Davivienda’s first international offering.

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Tags:  Shearman & Sterling LLP | New York

Robert Wagner, Former General Counsel and Acting Director of the Illinois Department of Insurance, Joins the Insurance Services Practice of Hinshaw & Culbertson LLP

Thursday, July 19, 2012

The national law firm of Hinshaw & Culbertson LLP is pleased to announce that Robert E. Wagner has joined the firm’s Insurance Services Practice. He will practice in Hinshaw’s Springfield, Illinois office. Mr. Wagner was previously general counsel of the Illinois Department of Insurance from 2003 – 2012 and served as Acting Director of the agency from late-2011 to early-2012. Since 1989, he had served as general counsel for the Illinois Comprehensive Health Insurance Plan.

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Tags:  Hinshaw & Culbertson LLP

O’Melveny Represents Coller Capital in Final Closing of Coller VI at US$5.5 Billion

Thursday, July 19, 2012

O’Melveny & Myers LLP advised long-term client Coller Capital on its successful fund-raising for Coller VI. The fund raised US$5.5 billion, which makes it the second largest secondaries fundraising ever. This complex matter was handled by a global O’Melveny team of lawyers in London, the U.S. and Asia, and led by London partner John Daghlian and counsel Daniel Quinn.

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Tags:  O'Melveny & Myers, LLP

Willkie Advises Alvarez & Marsal in Arctic Glacier’s Cross-Border Restructuring, US Court Approves $435 Million Company Sale

Thursday, July 19, 2012

On July 17, it was announced that Winnipeg, Canada-based Arctic Glacier Inc. received approval for its $435 million purchase by Miami, Florida-based private equity firm HIG Capital LLC. On February 21, Arctic Glacier had initiated proceedings under the Companies’ Creditors Arrangement Act (CCAA) in the Court of Queen’s Bench, Manitoba, with U.S. affiliates of the packaged-ice producer filing for chapter 15 protection in Delaware bankruptcy court the following day. Willkie represents Alvarez & Marsal, the court-appointed Monitor in the Canadian CCAA proceedings and the foreign representative in the chapter 15 cases.

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Tags:  Willkie Farr & Gallagher LLP | New York