Simpson Thacher Represents The Carlyle Group and Oak Hill Capital Partners in Their Separate Investments in FNB United Corp.

The Firm represented The Carlyle Group and Oak Hill Capital Partners in their separate investments in the common stock of FNB United Corp. (“FNB”), which consummated a $310 million recapitalization and completed the acquisition of Bank of Granite Corporation (“Granite”) on October 21, 2011.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk – Arcos Dorados US$1 Billion Follow-On Offering

Davis Polk advised Arcos Dorados Holdings Inc. in connection with its SEC-registered follow-on public offering of 44,475,958 Class A shares for an aggregate price to the public of approximately US$1 billion, including 4,043,268 shares that the underwriters purchased pursuant to an over-allotment option. All of the Class A shares were sold by certain shareholders. J.P. Morgan, Morgan Stanley, Citigroup, BofA Merrill Lynch, Itau BBA and Credit Suisse acted as joint bookrunners for the offering. Arcos Dorados’ Class A shares are traded on the New York Stock Exchange under the symbol “ARCO.”

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises Cigna on Its Acquisition of HealthSpring

Davis Polk is advising Cigna Corporation in connection with its approximately $3.8 billion acquisition of HealthSpring, Inc. The agreement has been approved by the boards of directors of both companies and is subject to required regulatory approvals and customary closing conditions. The transaction is expected to close during the first half of 2012 and is not subject to a financing condition.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

White & Case Advises Lenders on €1.9 Billion French “Eco Tax” Project

Global law firm White & Case LLP advised the lenders on the financing of an innovative €1.9 billion public-private partnership (PPP) to build and operate an electronic truck tolling system for French roads. The French Eco-tax project, as it is called, will use satellite tracking to charge trucks and other heavy vehicles using non-toll national roads. The project is expected to be fully operational nationally by 2013, following a three-month trial period in France’s Alsace region.

More >>

Tags:  White & Case LLP

Patton Boggs Expands Practice with Addition of New Partners, Senior Counsel Across Firm

Patton Boggs LLP has added five new partners and one senior counsel to the firm’s offices across the U.S., reinforcing its Business, Public Policy, Litigation and Intellectual Property practices. The additions include Partner Clark Kent Ervin in Washington; Partner Darren W. Collins in Dallas; Partners Mark C. Errico and Mark D. Sheridan in Newark; Partner Wendy Li and Senior Counsel Robert Rosenberg in New York.

More >>

Tags:  Squire Patton Boggs

Portuguese Law Firm Rui Pena, Arnaut & Associados to Join CMS

CMS has agreed that Portuguese law firm Rui Pena, Arnaut & Associados (RPA) will become a member of CMS.  From 1 January 2012, the firm will be called CMS Rui Pena & Arnaut (CMS RPA). The CMS Executive Committee agreed the expansion last week.

More >>

Dechert Represents Adolor Corp.in Sale to Cubist Pharmaceuticals

Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) and Adolor Corporation (NASDAQ: ADLR) today announced that they have signed a definitive agreement under which Cubist will acquire all of the outstanding shares of Adolor for $4.25 per share in cash, or approximately [$190] million on a fully-diluted basis, net of Adolor’s third quarter 2011 cash balance. In addition to the upfront cash payment, each Adolor stockholder will receive one Contingent Payment Right (CPR), entitling the holder to receive additional cash payments of up to $4.50 for each share they own if certain regulatory approvals and/or commercialization milestones of ADL5945 are achieved. The total transaction is valued at up to [$415] million, net of Adolor’s third quarter 2011 cash balance, and is expected to be accretive in 2012.

More >>

Tags:  Dechert LLP