Herbert Smith Advises Goldman Sachs, Citi and HSBC on Top-up Placings of Two Hong Kong-headquartered Multinationals

Herbert Smith advised Goldman Sachs (Asia) and The Hongkong and Shanghai Banking Corporation, as joint placing agents, on the sale of 210 million shares of Li & Fung Limited held by its controlling shareholder, Li & Fung (1937) Limited, for HK$3.9 billion (US$502 million) under a top-up placement.

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Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

Shearman & Sterling Advises on $1.6 Billion Refinancing for LPL Holdings

Shearman & Sterling advised Bank of America, N.A. as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint lead arrangers in connection with a $1.6 billion senior secured refinancing for LPL Holdings, Inc.‬ Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs Bank USA, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. acted as joint bookrunners in connection with the refinancing.

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Tags:  Shearman & Sterling LLP | New York

Dechert Guides Medco to Antitrust Clearance for High Profile $29 Billion Merger

Medco Health Solutions, Inc. and Express Scripts, Inc. announced today that the companies closed their $29 billion merger, the largest consummated deal of 2012. Dechert developed the antitrust strategy for Medco and guided the company to an unconditional closing after an extensive eight month review that involved the Federal Trade Commission, 32 state attorneys general, and two Congressional committees.

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Tags:  Dechert LLP

Partner Tony Toranto Brings Real Estate, Corporate & Energy Expertise to Sheppard Mullin San Diego

Tony Toranto has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm’s Real Estate, Land Use and Environmental practice group, based in the firm’s San Diego office.  Toranto will also be in Sheppard Mullin’s Corporate and Energy groups.  Toranto joins from McKenna Long & Aldridge in San Diego.

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Tags:  Sheppard, Mullin, Richter & Hampton LLP

Milbank Represents Initial Purchasers in TransUnion Holding Company, Inc.’s Offering of $600 million Senior PIK Toggle Notes

Milbank, Tweed, Hadley & McCloy, LLP represented Goldman, Sachs & Co., Deutsche Bank Securities and a syndicate of other banks in connection with a leveraged finance offering of $600 million of 9.625%/10.375% Senior PIK Toggle Notes due 2018 by TransUnion Holding Company, Inc. (the “Issuer) pursuant to Rule 144A and Regulation S.  The notes include novel PIK/Toggle features which restrict the ability of the Issuer to elect to pay PIK interest.

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Tags:  Milbank LLP | New York

Littler Adds Former Senior In-House Counsel Bradley A. Siciliano to its Growing Corporate Ethics and Compliance Practice

Littler Mendelson, P.C. (Littler), the nation’s largest employment and labor law firm representing management, has added Bradley A. Siciliano to its growing Corporate Ethics & Compliance practice as a shareholder in the firm’s New York City office. Siciliano brings with him two decades of legal experience drawn from both private practice and corporate senior executive positions within major multinational corporations.

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Tags:  Littler Mendelson P.C. | New York