Clifford Chance Advises CVC on Disposal of Stake in Hung Hing Printing

Leading international law firm Clifford Chance has advised funds advised by leading private equity firm CVC Asia Pacific Limited (CVC) on the disposal of a 29.9 per cent stake in Hung Hing Printing Group Limited (Hung Hing), a printing and packaging business listed on the Hong Kong Stock Exchange, to Rengo Co, Ltd. (Rengo). Following the sale, CVC will retain a 7.6 per cent stake in Hung Hing.

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Simpson Thacher Represents HCA in $5 Billion High Yield Debt Offering

Simpson Thacher represented HCA Inc. in its issuance of $5 billion of senior notes.  The high yield offering – the largest since the financial crisis, according to Standard & Poor’s Leveraged Commentary & Data  – was comprised of $3 billion of 6.50% Senior Secured Notes due 2020 and $2 billion of 7.50% Senior Notes due 2022.  HCA intends to use the net proceeds to redeem a portion of its outstanding secured notes.

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Duval & Stachenfeld Represents Angelo, Gordon & Co. and Metropolitan Realty Associates in Sale of Long Island Commercial Complex

Duval & Stachenfeld LLP represented a co-venture of Angelo, Gordon & Co. (an alternative investment manager, with approximately $23 billion under management) and Long Island based Metropolitan Realty Associates (owned by Joseph Farkas) in the sale of a commercial complex located at 1000 Stewart Avenue and 500 Endo Boulevard in Garden City.  The transaction marks one of the largest commercial real estate closings on Long Island so far this year.

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Morrison & Foerster Completes China CITIC Bank’s US$4 Billion A+H Share Rights Issue

Morrison & Foerster advised China International Capital Corp (CICC) and CITIC Securities as joint H-share underwriters in the A+H share rights issue of China CITIC Bank Corporation Limited. Notwithstanding difficult market conditions, China CITIC Bank Corporation Limited raised approximately US$4 billion from the A+H share rights issue. China CITIC Bank Corporation Limited is China’s seventh-largest lender in terms of total assets, and its largest shareholder is China’s largest financial conglomerate, CITIC Group.

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Hogan Lovells Earns Victory in High-Profile White-Collar Appeal

The U.S. Court of Appeals for the Second Circuit on Monday reversed the high-profile fraud convictions of five former AIG and General Reinsurance executives, concluding that their trial was contaminated by prejudicial evidence and an improper jury instruction. Hogan Lovells represented one of the defendants, former Gen Re chief financial officer Elizabeth Monrad, and developed the winning jury-instruction argument. Hogan Lovells New York partner Ira Feinberg led the appellate representation of Ms. Monrad and argued the case before the Second Circuit.

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Baker & McKenzie Advises on USD300 Million Global Offering of Shares of PT Indomobil Sukses Internasional Tbk in Connection with Rights Issue

Baker & McKenzie’s international securities team in Singapore recently advised CIMB, Deutsche Bank and DBS, as international selling agents, in connection with a global offering pursuant to Regulation S of shares of PT Indomobil Sukses Internasional Tbk (Indomobil) conducted concurrently with a rights issue. Indomobil is one of the largest automotive groups in Indonesia.

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Simpson Thacher Represents Initial Purchasers in $400 Million Senior Notes Offering by Antero Resources

The Firm recently represented J.P. Morgan, as representative of the several initial purchasers, in a $400 million offering of 7.250% Senior Notes due 2019 by Antero Resources Finance Corporation. The offering of notes was made to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.

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