Chadbourne Represents Southern Cross Latin America Private Equity Fund IV, L.P. in Connection with Signing of Investment Agreement with Estrella International Energy Services Ltd.

Chadbourne & Parke LLP represented Southern Cross Latin America Private Equity Fund IV, L.P. (“Southern Cross”) in connection with their proposed investment in Estrella International Energy Services Ltd. (“Estrella”) (TSX‐V: EEN), a group of companies engaged in providing services to the petroleum, mining and geothermal industries in Latin America.

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Tags:  New York

Paul, Weiss – Mitsui Sumitomo Insurance Acquires 26 Percent of Indian Insurer From New York Life

On June 27, client Mitsui Sumitomo Insurance Company Limited (MSI) acquired 26 percent of India-based Max New York Life Insurance Company Limited for Rs 27.3 billion (approximately U.S. $475 million). MSI acquired New York Life’s entire stake in the life insurer, which is majority-owned by Max India Limited, a company listed on the Bombay Stock Exchange.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | Tokyo

Paul, Weiss – Time Warner Cable Closes $1 Billion Notes Offering

On June 27, client Time Warner Cable Inc. closed a £650,000,000 (approximately U.S. $1 billion) registered offering of 5 1/4% notes due 2042. The notes were offered in the United Kingdom. The bookrunning managers for the transaction were Barclays Bank PLC, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc. In connection with the notes offering, the company entered into cross-currency swaps to effectively convert its £650 million aggregate principal amount of fixed-rate British pound sterling denominated debt to fixed-rate U.S. dollar denominated debt.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York