Hogan Lovells advised a2e Venture Catalysts Limited (a2e) and Newco on the acquisition from OMNOVA Solutions of its U.K.-based Muraspec commercial wallcovering business. The US$7 million transaction was announced on 6 March 2012.

The global law firm Jones Day is pleased to announce that three new lawyers will join its corporate and mergers and acquisitions practices in Pittsburgh. David Grubman, partner, and Tom Zahn, associate, arrive from the Pittsburgh office of K&L Gates, and Timothy Mann, a partner in Jones Day’s Atlanta Office, has relocated to Pittsburgh to lead these practices.

International law firm Freshfields Bruckhaus Deringer has advised The Royal Bank of Scotland on a novel refinancing solution for UK based holiday provider Center Parcs that has blended a whole business securitisation (“WBS”) with a high-yield bond, allowing Center Parcs to refinance its existing debt structure whilst in addition raising a development finance loan to fund the development of Center Parcs’ new holiday village at Woburn.

The Firm represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as underwriters in an offering of 6,005,000 shares of Class A common stock by SBA Communications Corporation (“SBA”), resulting in gross proceeds to SBA of approximately $284 million.  SBA anticipates using the net proceeds from the offering (i) to redeem pursuant to the terms of the applicable indentures, $131.25 million in aggregate principal amount of its 8% senior notes due 2016 and $131.25 million in aggregate principal amount of its 8.25% senior notes due 2019 and to pay the applicable premium for the redemption and (ii) for working capital purposes.  The offering closed on March 13, 2012.