Simpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholders in Offering of 9,200,000 Shares of Common Stock

Friday, July 13, 2012

The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group) and certain management shareholders in the sale by the selling shareholders of 9,200,000 shares of TeamHealth common stock, resulting in gross proceeds of $220,340,000. After giving effect to the offering, Ensemble Parent LLC owns approximately 40% of TeamHealth’s common stock. Barclays and Citigroup acted as underwriters for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Herbert Smith Advises Vnesheconombank on US$1 Billion Eurobond Offering

Friday, July 13, 2012

Herbert Smith has acted as counsel to the Russian state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, the principal development bank of the Russian Federation, in connection with the offering of US$1 billion 6.025% loan participation notes due 2022 that closed on 5 July 2012. The notes, issued under Vnesheconombank’s existing US$30 billion loan participation notes programme, are listed on the Irish Stock Exchange and were placed in the United States pursuant to Rule 144A under the US Securities Act and outside the United States in reliance on Regulation S. Crédit Agricole, Deutsche Bank, HSBC and J.P. Morgan were the underwriters.

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Tags:  Herbert Smith Freehills Kramer LLP | Moscow

Foley Hoag Represents Exa Corporation in IPO on NASDAQ

Friday, July 13, 2012

Foley Hoag LLP announced that it recently represented Burlington, Mass.-based Exa Corporation (NASDAQ: EXA) in connection with its initial public offering of 6,250,000 shares of its common stock at a price of $10.00 per share. Stifel Nicolaus Weisel acted as lead book running manager, with Robert W. Baird & Co., Canaccord Genuity and Needham & Company acting as co-managers of the offering.

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Tags:  Foley Hoag LLP

Paul Hastings Advises Joint Bookrunners on Yongda Auto’s Hong Kong Listing

Thursday, July 12, 2012

Paul Hastings, a leading global law firm, announced today that it advised UBS, HSBC and BOCOM International, as joint bookrunners and lead managers on Chinese passenger vehicle dealer China Yongda Automobiles Services Holdings Limited’s (“Yongda Auto”) US$215 million Hong Kong Initial Public Offering. The transaction comprised a Reg S/Rule 144A international offering and a 15% greenshoe allocation which could increase the total deal size to US$248 million if exercised in full.

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Tags:  Paul Hastings, LLP | Hong Kong

McDermott Expands State & Local Tax Practice Group

Thursday, July 12, 2012

International law firm McDermott Will & Emery today announced that Scott M. Susko has joined the Firm as a partner in its State & Local Tax (SALT) Practice Group, based in Boston. Mr. Susko, who advises client on SALT controversies throughout the country, will provide the Firm with added depth in the Boston legal market.

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Tags:  McDermott Will & Emery LLP