Davis Polk – Google to Buy Motorola Mobility

Davis Polk is advising Qatalyst Partners LP as financial adviser to Motorola Mobility Holdings, Inc. in connection with its acquisition by Google Inc. The definitive agreement for the transaction provides that Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion. The transaction is subject to customary closing conditions and is expected to close by the end of 2011 or early 2012.

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Freshfields Advises Cinven on Acquisition of Guardian Financial Services from AEGON

International law firm Freshfields Bruckhaus Deringer has advised European private equity firm, Cinven, on the agreement by which Green Day Acquisitions Limited (a company indirectly held by funds managed and/or advised by Cinven) will acquire Guardian Financial Services, the UK provider of life and pension products, from AEGON for an enterprise value of £275 million. The transaction is expected to close in the fourth quarter of 2011 and is subject to regulatory approval.

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McDermott Secures $230 Million Award for Bionol Clearfield LLC

International law firm McDermott Will & Emery LLP has secured a $230 million arbitration award for Firm client Bionol Clearfield LLC (Bionol), the Quincy, Massachusetts-founded developer of an ethanol plant located in Clearfield County, Pennsylvania, from Getty Petroleum Marketing Inc. (Getty). The award includes $47 million in damages incurred to date, and over $180 million in future damages.

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Edwards Angell Palmer & Dodge to Merge with Wildman Harrold

The partnerships of Edwards Angell Palmer & Dodge LLP and Wildman, Harrold, Allen & Dixon LLP are pleased to announce that the firms will merge on October 1, 2011. The new firm, with 13 offices and 650 lawyers, will be known as Edwards Wildman Palmer LLP.

Edwards Wildman Palmer LLP will offer integrated services across a core group of disciplines in which the legacy firms have long enjoyed premier reputations: corporate and financial transactions, complex litigation, insurance and reinsurance, and intellectual property. The client base will consist of Fortune 500 companies, government, non-profit institutions and other private businesses.

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Sedgwick Opens Office in the Nation’s Capital

Sedgwick LLP has announced the August 15th opening of Sedgwick Washington, D.C., the firm’s 15th office globally and second new office this summer. Less than two months after opening Sedgwick Seattle, Sedgwick has expanded into the nation’s capital.  The 14 attorneys joining Sedgwick from Wallace Partners, PLLC will be led by managing partner Rick Wallace, a seasoned litigator specializing in product liability defense and environmental matters.

 

“Sedgwick Washington, D.C., like Sedgwick Seattle, represents the ongoing implementation of our strategy to leverage growth opportunities to benefit our clients,” said Firm Chair Michael Tanenbaum.  “The attorneys joining the Sedgwick family in Washington, D.C. are exceptional trial attorneys who strengthen the trial bench Sedgwick offers its clients across the globe.  Sedgwick Washington, D.C. enables us to broaden our reach and the seamless service we provide our clients through the United States and beyond.”

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Leading ERISA Lawyer, Jeffrey Crandall, Joins Davis Polk

Davis Polk & Wardwell LLP today announced that Jeffrey P. Crandall, a leading ERISA lawyer, is joining the firm in New York as a partner in its Executive Compensation and Employee Benefits practice. The addition of Mr. Crandall provides Davis Polk with another seasoned expert with deep experience in executive compensation and employee benefits, both in the transactional context and in day-to-day matters involving the design, implementation and disclosure of senior executive compensation and benefit arrangements. Mr. Crandall also has particular expertise in compensation and ERISA matters relating to financial institution, private equity and hedge fund clients. He has extensive experience in structuring carry plans and other forms of manager and investment professional participation in private funds and in the ERISA aspects of the investment and management of pension plan assets under private funds and various other products and arrangements.

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Chadbourne Represents CoaLogix Inc. in U.S. Clean Tech M&A Deal

Chadbourne & Parke LLP is representing CoaLogix Inc. in connection with the sale of the company for $101 million. The sale, announced on July 29th, was to funds managed by Energy Capital Partners, a U.S.-based private equity firm focused on the energy infrastructure industry.

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