Simpson Thacher Represents ITT Corporation in its Separation into Three Publicly Traded Companies

Monday, October 10, 2011
The Firm is representing ITT Corporation in connection with its spin-off of Exelis Inc., ITT’s Defense and Information Solutions business, and Xylem Inc., ITT’s Water Technology and Services business. On October 5, 2011 the ITT Board of Directors approved the distribution to its shareholders of all the outstanding shares of Exelis and Xylem. Under the approved plan, each ITT shareholder of record will receive one share of Exelis common stock and one share of Xylem common stock for each share of ITT common stock held as of the close of business on October 17, 2011. The Board also approved a 1:2 reverse stock split for ITT, which will become effective after market close on October 31, 2011, the distribution date for the spin-offs. Following the spin-offs, all three companies will be listed on the New York Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Quarles & Brady Welcomes Prominent Drug Enforcement Administration Attorney D. Linden Barber

Friday, October 7, 2011
The national law firm of Quarles & Brady LLP announced that D. Linden Barber has joined the Firm’s Chicago office as a partner in the Health Law Group as Director of DEA Compliance Operations. Prior to joining Quarles & Brady, Mr. Barber was Regional Diversion Counsel for the Drug Enforcement Administration in Indianapolis, providing support to the Administration’s three Midwest Field Divisions.

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Tags:  Quarles & Brady LLP

Milbank Represents Marfrig Group in Sale of Keystone QSR Logistics Arm for US$400 Million

Friday, October 7, 2011
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Andrew Jánszky, head of the Latin America Practice Group and São Paulo office, and Roland Hlawaty, partner in the Global Corporate Group, represented São Paulo-based Marfrig Alimentos SA (“Marfrig Group”), one of the world’s largest food producers, in the sale of the quick service restaurants (QSR) logistics assets and businesses in the USA, Europe, Middle East, Oceania and Asia from its subsidiary Keystone Foods, LLC for US$400 million to Illinois-based distributor The Martin-Brower Company, L.L.C.  The sale includes trucks and storage facilities and a logistics business that primarily distributes cups, straws and other materials to QSRs.  Keystone Foods and all Marfrig Group business divisions will continue to own distribution systems for its own meats and food products.

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Tags:  Milbank LLP | Sao Paulo

Greenberg Traurig Represents Metropolitan Healthcare Networks, Inc. in its $403+ Million Acquisition of Continucare Corporation and the Related Acquisition Financing

Friday, October 7, 2011
Greenberg Traurig, a full-service international law firm, represented Metropolitan Health Networks, Inc. (NYSE AMEX: MDF) (“Metropolitan”) in its $403+ million cash and stock acquisition of Continucare Corporation (formerly NYSE: CNU) (“Continucare”), including Metropolitan’s procurement of $315 million of related acquisition financing from a syndicate of lenders led by GE Capital. The acquisition, which was announced in June 2011 and closed on October 4, 2011, makes Metropolitan the largest provider service network serving the Medicare and Medicaid eligible population in Florida, and one of the largest in the United States with over 68,000 Medicare Advantage and Medicaid customers.

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Tags:  Greenberg Traurig, LLP

Simpson Thacher Represents Blackstone’s GSO Capital Partners in Acquisition of Harbourmaster Capital

Friday, October 7, 2011
Simpson Thacher is acting as counsel to GSO Capital Partners LP (“GSO”), the global credit platform of The Blackstone Group L.P., in connection with its acquisition of Harbourmaster Capital, a leading European leveraged loan manager which manages and advises on approximately €8 billion ($11 billion) of assets. Harbourmaster Capital will form a combined platform with GSO’s existing European leveraged loan business to develop new European focused funds for their global investor base. The combined European leveraged loan platform will have approximately €11.5 billion ($15.5 billion) in assets under management supported by a combined team of 40 professionals in both Dublin and London.

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Tags:  Simpson Thacher & Bartlett LLP

Winstead Welcomes Steve Drenner Group to the Austin Office

Thursday, October 6, 2011
Winstead PC announced the expansion of its real estate practice with the addition of two real estate development, entitlement-focused shareholders, one development planner, one development project manager, and their support team. The group will be led by Stephen (Steve) O. Drenner and work in Winstead’s Real Estate Development & Investments Practice Group in Austin and San Antonio.

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Tags:  Winstead PC | Austin