A team of Haynes and Boone, LLP attorneys recently advised The Signature Group in the purchase of Daniels Family Funeral Services, owner of eight New Mexico funeral homes, three cemeteries and two crematories.
Tags: Haynes and Boone, LLP | Houston
Willkie Represents DiamondRock in $495 Million Acquisition of 4-Hotel Portfolio
On July 9, long-time client DiamondRock Hospitality Company announced that it has entered into a purchase and sale agreement to acquire a portfolio of four hotels from affiliates of Blackstone Real Estate Partners for a contractual purchase price of approximately $495 million. The hotels under contract are the Hilton Boston, the Westin Washington D.C., the Westin San Diego and the Hilton Burlington. DiamondRock intends to fund the acquisition with a combination of borrowings under the company’s senior unsecured credit facility, cash on hand, net proceeds from a public offering and issuance of shares of the company’s common stock to Blackstone. DiamondRock expects to complete the acquisition of the portfolio later this month.
Tags: Willkie Farr & Gallagher LLP | New York
Simpson Thacher Represents Cengage Learning in a Private Debt Exchange
The Firm recently represented Cengage Learning Acquisitions, Inc. (“Cengage Learning”) in connection with a privately-negotiated debt exchange with certain holders of its outstanding 10.50% Senior Notes due 2015 (the “Existing Notes”), in which Cengage Learning exchanged $710,002,000 aggregate principal amount of the Existing Notes for $710,002,000 aggregate principal amount of its newly issued 12% Senior Secured Second Lien Notes due 2019 (the “New Notes”). In connection with such exchange, Cengage Learning also purchased for cash from the same holders $28,719,000 aggregate principal amount of the Existing Notes.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents JPMorgan as a Lead Arranger, the Administrative Agent and as Financial Advisor to SBA Communications in its $1.45 Billion Acquisition of TowerCo II
The Firm is representing J.P. Morgan as a lead arranger, the administrative agent and as financial advisor to SBA Communications Corporation (“SBA”) in its acquisition of TowerCo II Holdings LLC. SBA intends to finance the transaction, valued at $1.45 billion, with $1.2 billion in cash and $250 million in SBA Class A common stock. The cash consideration will be paid with cash on hand, proceeds of loans under existing credit facilities and up to $900 million of proceeds under a new credit facility for which J.P. Morgan is acting as a lead arranger and the administrative agent.
Tags: Simpson Thacher & Bartlett LLP | New York
Former Ceridian General Counsel Michael Sheridan & Junaid Odubeko, Former Legal Counsel to Gov. Phil Bredesen, Join Butler Snow
Michael W. Sheridan joins Butler Snow’s Banking, Real Estate and Financial Services Group, and Junaid A. Odubeko joins the firm’s Commercial Litigation Group. Sheridan will focus on business planning and operations, corporate finance, mergers and acquisitions, business structure and capitalization and data privacy and information protection. Odubeko will focus on commercial litigation and governmental law.
Tags: Sheridan Ross P.C.
WilmerHale Hired Drew G.L. Chapman as Partner for New York Office
WilmerHale hired Drew G.L. Chapman for a New York legal job, according to a press release.
Hired as a partner, Chapman joins the securities department and the investment management group. He also will head the alternative investment practice.
Tags: Wilmer Cutler Pickering Hale and Dorr LLP | New York
White & Case Boosts China M&A Practice with Addition of New Partner in Beijing
Global law firm White & Case LLP has boosted its China Mergers & Acquisitions (M&A) Practice with the addition of new partner Tao Lan in Beijing. Tao’s practice supports the Firm’s strategic goals of strengthening its Global M&A Practice and increasing its capabilities in China. He joins the Firm from Dewey & LeBoeuf in Beijing, and he was previously a partner at King & Wood.
Tags: White & Case LLP | Beijing
O’Melveny Represents PT MNC Sky Vision in Connection with Indonesia IPO
O’Melveny & Myers LLP represented PT MNC Sky Vision Tbk. (MSKY) in connection with its initial public offering of ordinary shares on the Indonesia Stock Exchange. O’Melveny advised MSKY on its Rule 144A international offering to eligible investors outside of Indonesia. The offering amount was 1,412,776,000 ordinary shares, or 20% of its outstanding shares, at a price of Rp. 1,520 per offer share, or approximately US$227.8 million raised.
Tags: O'Melveny & Myers, LLP | Singapore
Kevin A. Corbett Joins Davis Wright Tremaine LLP’s Growing Real Estate Practice Group in Los Angeles
Kevin A. Corbett, a lawyer with more than three decades of experience handling complex real estate matters throughout the U.S., has joined the Los Angeles office of Davis Wright Tremaine LLP as a partner.
Tags: Davis Wright Tremaine LLP | Los Angeles
McDermott Adds Prominent Tax Controversy Partners
International law firm McDermott Will & Emery LLP today announced the appointments of two of the nation’s most highly regarded tax litigation lawyers, Roger Jones and Andrew Roberson, as partners in the Firm’s Chicago office. Specializing in a full range of tax controversy matters, Jones and Roberson represent taxpayers of all types, including numerous Fortune 500 companies. The two join McDermott from an AmLaw 5 law firm where they have worked together since 2005.
Tags: McDermott Will & Emery LLP