Paul Hastings Advises J.P. Morgan on China Daye’s Very Substantial Acquisition, Reverse Takeover and Deemed New Listing

Thursday, March 8, 2012
Paul Hastings, a leading global law firm, announced today that it advised J.P. Morgan, as the sole sponsor and financial adviser, on China Daye Non-Ferrous Metals Mining Limited’s (“China Daye”) deemed new listing resulting from the RMB5.8 billion acquisition of Prosper Well Group Limited (“Prosper Well”). The acquisition was made through the purchase of sale shares by China Daye from Prosper Well’s shareholders, China Times Development Limited and China Cinda (HK) Asset Management Co., Limited, in consideration for the issuance of new shares and convertible notes by China Daye.

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Tags:  Paul Hastings, LLP | Hong Kong

Two Attorneys Join Fowler White Burnett

Thursday, March 8, 2012
Fowler White Burnett, P.A. announced today that Ms. Kristen M. Lynch and Ms. Leticia Vega have joined the firm as its newest shareholders.  Working out of Fowler White Burnett’s downtown Ft. Lauderdale office and their downtown Miami office, respectively, Lynch and Vega’s practice will focus on estate planning, planned giving, probate, guardianship administration, retirement planning, and IRA matters.

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Simpson Thacher Represents Apax in Acquisition of Orange Communications SA and Related Financing

Thursday, March 8, 2012
Simpson Thacher represented Apax Partners (“Apax”) in connection with the acquisition of Orange Communications SA by funds advised by Apax for a purchase price of approximately CHF 2 billion, which closed on February 29, 2012. Orange Communications SA is one of the leading mobile operators in Switzerland, and was previously controlled by France Telecom SA. Simpson Thacher also represented Apax in the connection with the senior credit facilities, bridge credit facilities and high yield bond offering related to the acquisition.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Cadence Bancorp, LLC in Acquisition of Encore Bancshares, Inc.

Thursday, March 8, 2012
The firm is representing Cadence Bancorp, LLC in its acquisition of Encore Bancshares, Inc. for $20.62 per share.  The transaction was announced on March 6, 2012 and reflects a total value of approximately $250 million.  Encore Bancshares, Inc. is a financial holding company headquartered in Houston, Texas, that provides banking, investment management, financial planning and insurance services to privately-owned businesses, professional firms, investors and affluent individuals.  Cadence Bancorp, LLC is a bank holding company that was formed in 2010 to invest in community banks.  Cadence Bancorp, LLC is also headquartered in Houston, Texas.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Gardere Represents BP in Sale of Hugoton Basin Properties to LINN Energy, LLC

Wednesday, March 7, 2012
Gardere Wynne Sewell LLP represented BP America Production Company (NYSE:BP) in its $1.2 billion sale of Hugoton Basin properties to an affiliate of LINN Energy, LLC (Nasdaq:LINE) in a transaction that was signed Feb. 28, 2012. Included in the sale are the Jayhawk gas processing plant located in Hugoton, Kansas and BP’s interest in approximately 2,400 wells in the Hugoton natural gas field. Completion of the sale remains subject to customary regulatory approvals and conditions. The acquisition is expected to close in March 2012.

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Tags:  Foley & Lardner LLP | Houston