Davis Polk advised Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Nomura Securities International, Inc. and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by Diageo Capital plc of $1 billion principal amount of 1.5% notes due 2017 guaranteed by Diageo plc and by Diageo Investment Corporation of $1 billion principal amount of 2.875% notes due 2022 and $500 million principal amount of 4.25% notes due 2042, in each case guaranteed by Diageo plc.
Tags: Davis Polk & Wardwell LLP | New YorkKing & Wood Mallesons Acts on Perron’s Acquisition of a 50% Interest in Three Centro Shopping Centres
King & Wood Mallesons has acted for Perron Investments on its acquisition of a 50% interest in three regional shopping centres including Centro Galleria in Perth, Centro The Glen in Melbourne and Centro Colonnades in Adelaide for A$690.4 million.
Tags: King & Wood MallesonsAkerman Senterfitt Welcomes Intellectual Property Shareholder Richard Gilly in Washington D.C.
Richard Gilly has joined Akerman Senterfitt as a shareholder in the firm’s Intellectual Property Practice Group and will be based in its Washington, D.C. office.
Tags: Akerman LLPSimpson Thacher Represents the Underwriters in $1.6 Billion Debt Offering by Berkshire Hathaway Finance Corporation
The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities in the public offering of $1.6 billion of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), which will be fully and unconditionally guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $750,000,000 of 1.600% Senior Notes due 2017, $350,000,000 of 3.000% Senior Notes due 2022 and $500,000,000 of 4.400% Senior Notes due 2042.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents JPMorgan as Financial Advisor to the Board of Directors of Atlas Resource Partners, L.P. in its $184 Million Acquisition of Titan Operating L.L.C.
The Firm is representing J.P. Morgan Securities LLC as financial advisor to the Board of Directors of Atlas Resource Partners, L.P. (“Atlas”) in connection with Atlas’ acquisition of Titan Operating L.L.C. The transaction is valued at approximately $184 million (based on the closing price of Atlas’ common units on May 16, 2012), and Atlas will finance the transaction with approximately 3.8 million common units and 3.8 million newly issued convertible preferred units.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Underwriters in Offering of Shares of Web.com Group, Inc.
The Firm recently represented a group of underwriters, led by J.P. Morgan, Deutsche Bank Securities and Citigroup, in connection with a registered public offering of common stock of Web.com Group, Inc. A total of approximately $115.9 million in proceeds was raised in the offering. Selling stockholders received all of the gross proceeds from the offering.
Tags: Simpson Thacher & Bartlett LLP | New YorkOsborne Clarke Advises Niam on Successful €719 Million Fund Close
Osborne Clarke has advised Swedish real estate private equity firm Niam on the close of its €719 million Niam Nordic V fund. The total equity commitments makes this the largest Nordic opportunistic property fund.
Tags: Osborne ClarkeMilbank Represents Mexican bank Banca Mifel in $150 Million Rule 144A/Regulation S Debt Offering
Milbank, Tweed, Hadley & McCloy LLP served as legal advisor to Banca Mifel, S.A., Institución de Banca Múltiple, Grupo Financiero Mifel (“Banca Mifel”) in connection with its offering of $150 million aggregate principal amount of its 9.750% Fixed Rate Cumulative Subordinated Preferred Notes.
Tags: Milbank LLP | New YorkDechert Hires Corporate Partner for Beijing Office
International law firm Dechert has brought aboard a new partner to fill one of its Asia legal jobs, according to a press release.
Paul Weidong Wang will fill the position of corporate partner. Corporate practice chair Henry Nassau praised his “caliber … and … quality”, one of several members of the firm to heap accolades on the new hire.
Tags: Dechert LLP | BeijingRecent Layoffs and Executive Transfers Prevalent at Major Law Firm
When a company begins to encounter financial and business problems, the first sign that anything is wrong is when top executives and managing partners decide to jump ship. After this, unannounced layoffs are likely to occur in order to condense operations, and many employees suddenly find themselves looking for new jobs. This happened in the current case of major international law firm Dewey & LeBoeuf LLP.