Paul Hastings Advises Capital Trust in Debt Restructuring

Tuesday, April 5, 2011
Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm advised real estate finance and investment management company Capital Trust, Inc. in the out-of-court restructuring of the company’s approximately $580 million outstanding recourse debt obligations, representing a complete resolution of the company’s legacy liabilities.

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Tags:  Paul Hastings, LLP

Norton Rose Advises on US$2.5 Billion Restructuring

Tuesday, April 5, 2011
International legal practice Norton Rose LLP has acted for a Co-ordinating Committee of Banks on the financial restructuring of Danaos Corporation, a leading international owner of containerships.  The conclusion of this restructuring involved the rescheduling of approximately $2.5 billion of indebtedness, involving fourteen banks, the provision of five new money facilities for, in total, $426 million and the issue of warrants to purchase an aggregate of 15 million shares.

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Tags:  Norton Rose Fulbright

Mannheimer Swartling – AMF Acquires Fifty Percent of the Residential Company Dombron

Tuesday, April 5, 2011
AMF Pensionsförsäkring AB has reached an agreement with the Fourth Swedish National Pension Fund to acquire fifty percent of the shares in Dombron Intressenter AB  and thereby indirectly a real estate portfolio with a total underlying property value of SEK 6 billion. The portfolio of approximately 80 properties consists of residential and student properties primarily located in Gothenburg, Stockholm and Uppsala.

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Tags:  Mannheimer Swartling

Simpson Thacher Represents Shinsei Bank in $869 Million Offering of Common Stock

Tuesday, April 5, 2011
The Tokyo office of Simpson Thacher recently represented Shinsei Bank, Limited in a global offering of common stock that raised approximately $869 million for the issuer. Morgan Stanley & Co. International plc and Nomura International plc were the joint lead managers and joint bookrunners. Approximately one-quarter of the shares in the offering were subscribed for by J. Christopher Flowers and investment vehicles advised by the investment firm J.C. Flowers & Co. LLC. The offering was conducted pursuant to Rule 144A and Regulation S.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

Simpson Thacher Represents the Initial Purchaser in Connection with Tivo Inc.’s $172.5 Million Convertible Senior Notes Offering

Tuesday, April 5, 2011
The Firm recently represented UBS Securities LLC in connection with Tivo Inc.’s offering of $172.5 million aggregate principal amount of 4.00% Convertible Senior Notes due 2016, including an over-allotment option of $22.5 million aggregate principal amount. The initial offering closed on March 10, 2011 and the over-allotment option closed on March 30, 2011.

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Davis Polk Advises Taylor Wimpey on the Sale of Its North American Business

Tuesday, April 5, 2011
Davis Polk is advising Taylor Wimpey plc (Taylor Wimpey) in connection with the sale of its U.S. and Canadian business to TMM Holdings Limited Partnership, a partnership controlled by certain investment funds affiliated with TPG Capital, certain investment funds affiliated with Oaktree Capital Management, L.P. and JH Investments Inc., and its subsidiaries for a base consideration of $955 million. Taylor Wimpey will also receive additional proceeds for cash balances in the North American business as at December 31, 2010 and net capital invested in its North American business from January 1, 2011 to closing.

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Tags:  Davis Polk & Wardwell LLP

Davis Polk Advises Grupo Aval on SEC Registration of Its Preferred Shares

Tuesday, April 5, 2011
Davis Polk advised Grupo Aval on the registration of its preferred shares under the Securities Exchange Act of 1934. Grupo Aval is Colombia’s largest banking group, with total assets of US$43.9 billion at September 30, 2010, and is a leading banking group in the Central American market. Grupo Aval consists of Banco de Bogotá, BAC Credomatic, Banco de Occidente, Banco Popular, Banco AV Villas, Corficolombiana and Administradora de Fondos de Pensiones y Cesantías Porvenir, as well as other financial affiliates, including leasing, trust, brokerage and bonded warehouse companies.

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Gordon & Rees Opens in Austin, Expands in Houston, and Deepens National Product Liability Practice

Friday, April 1, 2011
Gordon & Rees LLP, a full-service litigation and business transactions firm, continues its national expansion with a new 10-attorney office in Austin and two additional attorneys in the Houston office.  Austin is the firm’s 19th U.S. office, closely following the opening of an office in Atlanta in February 2011.  The 12 attorneys join Gordon & Rees from Clark, Thomas & Winters and will increase Gordon & Rees’s presence in Texas to more than 40 attorneys in Austin, Dallas and Houston.

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Tags:  Gordon Rees Scully Mansukhani, LLP | Austin

Paul Hastings Advises Lenders on Leveraged Buy-Out of Carlyle-Owned Company

Friday, April 1, 2011
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised ING Bank, Taipei Fubon Commercial Bank and Chinatrust Commercial Bank in connection with the acquisition by IK Investment Partners of the Offshore Incorporations group of companies, which provides company formation and associated services in Asia, from the Carlyle Group. IK Investment intends to create a world leading global trust and corporate services provider by merging the corporate service part of the Group, Acceptor and Credence Trust, with IK’s portfolio company Vistra Group, a provider of fund administration, trust and corporate services in Europe. The combined group will have 500 employees and is expected to benefit from Asian GDP growth, foreign direct investment into and out of the flourishing continent and an increase in M&A activity.

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Tags:  Paul Hastings, LLP | Hong Kong