Shearman & Sterling Advises on € 300 million High Yield Bond Issue by Schaeffler Finance B.V.

Friday, July 6, 2012

Shearman & Sterling represented the initial purchasers Deutsche Bank, Barclays, Bayerische Landesbank and Citigroup on the offering by Schaeffler Finance B.V. of €300 million in high-yield bonds. The bonds are guaranteed by Schaeffler Aktiengesellschaft and certain of its subsidiaries and secured by certain assets of the Schaeffler group. The bonds were sold in a public offering in Germany and Luxembourg and in private placements in other European countries. In February of this year Shearman & Sterling also advised the initial purchasers in connection with Schaeffler’s issuance of approximately €2 billion in multi-currency high yield bonds.

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Tags:  Shearman & Sterling LLP

Herbert Smith Advises Shanghai Sugar Cigarette and Wine on the Acquisition of a Stake in DIVA Bordeaux

Thursday, July 5, 2012

Herbert Smith has advised Shanghai Sugar Cigarette and Wine (SSCW), a subsidiary of state-owned Chinese food group leader Bright Food, in its acquisition of a 70% stake in the independent Bordeaux wine merchant DIVA Bordeaux. The deal will enable DIVA Bordeaux to expand its international development, especially in China. The remaining 30% will remain with Pierre Beuchet, DIVA’s founder and chairman, and Jean-Pierre Rousseau, its managing-director.

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Tags:  Herbert Smith Freehills Kramer LLP | Shanghai

Latham & Watkins Advises Quest Software in its Acquisition by Dell for $2.4 Billion

Thursday, July 5, 2012

Dell and Quest Software announced they have entered into a definitive agreement for Dell to acquire Quest, an award-winning IT management software provider offering a broad selection of solutions that solve the most common and most challenging IT problems. Under terms of the agreement, approved by the boards of directors of both companies, Dell will pay $28.00 per share in cash for each share of Quest for an aggregate purchase price of approximately $2.4 billion, net of Quest’s cash and debt. The transaction is expected to close in Dell’s third fiscal quarter, subject to approval by Quest’s shareholders and customary conditions.

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Tags:  Latham & Watkins LLP | Los Angeles

Middletons Adds to Its Sea of Talent with Appointment of Dorey

Thursday, July 5, 2012

Middletons has announced the appointment of partner Ian Dorey, previously at Gadens, who will join the firm’s Banking, Insolvency & Disputes group in Brisbane. This follows a number of other strategic appointments the firm has announced over the past 12 months to further enhance its banking and insolvency capabilities.

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Tags:  K&L Gates LLP