International law firms Herbert Smith and Freehills confirmed today that their partnerships have voted overwhelmingly in favour of merging to create a new firm, Herbert Smith Freehills. The firm will focus on providing an integrated service to clients across its 20 offices. This will be a full equity merger, with a single profit pool from day one. Launch of the firm is targeted for 1 October 2012.
Tags: Herbert Smith Freehills Kramer LLP
Troutman Sanders LLP today announced the opening of an office in Beijing, the law firm’s third office in China since it entered the world’s most populous nation in 1997.
Tags: Troutman Pepper Hamilton Sanders LLP | Beijing
King & Wood Mallesons Project Finance team has finalised a milestone transaction, with the A$1.06 billion refinancing of the Loy Yang B Power Station reaching financial close.
Tags: King & Wood Mallesons
DLA Piper today announces its involvement in the financing of Doha Festival City, one of the largest multi-use developments in Qatar with a total project value of around 6 billion Qatari Riyals (QAR). The project is being developed by its owners, Bawabat Al Shamal Real Estate Company WLL (BASREC), and as a ‘super-regional retail and entertainment destination’ boasts the first IKEA store in Qatar, and will feature an entertainment and leisure complex, automotive showrooms and international hotels and convention centre.
Tags: DLA Piper | Dubai
On June 26, longtime Willkie client Loral Space & Communications Inc. announced it has entered into a definitive agreement to sell wholly owned subsidiary Space Systems/Loral, Loral’s satellite manufacturing unit, to Canada-based MacDonald, Dettwiler and Associates Ltd. for $875 million and cash dividends and other payments from SS/L which are expected to be in excess of $135 million. Headquartered in New York City, Loral is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications, including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. MDA delivers a broad spectrum of information solutions, including complex operational systems, tailored information services and electronic information products for business and government organizations worldwide.
Tags: Willkie Farr & Gallagher LLP | New York
Perkins Coie is pleased to announce that Kester Spindler has joined the firm’s Denver and New York offices as a Partner in the Private Equity practice. He joins the firm from Kirkland & Ellis LLP’s New York-based private equity group.
Tags: Perkins Coie LLP | Denver
Mayer Brown JSM announced today that it advised MIE Holdings Corporation (MIE) on the US$100 million acquisition of Sino Gas & Energy Limited (Sino Gas). MIE is listed in Hong Kong specialising in oil and gas exploration, development and production. Sino Gas is an Australian company focused on the exploration and development of unconventional gas assets in the Ordos Basin in the northern province of Shanxi.
Tags: Mayer Brown LLP | Beijing
Davis Polk advised IHS Inc., as issuer, and Conscientia Investment Limited, as selling stockholder, on the SEC-registered secondary offering by the selling stockholder of 10,000,000 shares of Class A common stock, for an aggregate price to public of $1 billion. Goldman, Sachs & Co. acted as underwriter.
Tags: Davis Polk & Wardwell LLP | New York
Simmons & Simmons is advising Veolia on the sale of its UK regulated water businesses. The purchaser is Rift Acquisitions Limited, who are acquiring the business at auction for a total transaction value of £1,236 million. The Veolia companies being sold include Veolia Water Central, Southeast and East.
Tags: Simmons & Simmons
Fox Rothschild LLP is pleased to announce that Michael A. Sweet, a seasoned litigator with extensive financial restructuring and bankruptcy experience, has joined the firm as partner in the San Francisco office.
Tags: Fox Rothschild LLP