The Firm is representing Barclays Capital in connection with $3 billion in bridge financing to Thermo Fisher Scientific Inc. (“Thermo Fisher”) and as financial advisor to Thermo Fisher in its announced acquisition of Phadia for €2.47 billion (approximately US$3.5 billion) in cash. The proceeds of the credit facilities may be used to finance a portion of the acquisition and to refinance existing indebtedness.
Tags: Simpson Thacher & Bartlett LLP SNR Denton Advises Hartz Mountain Industries in Largest US Apartment Building Transaction of Year
SNR Denton announced that it advised Hartz Mountain Industries in its recent acquisition of One Superior Place, an 809-unit luxury rental apartment mixed-use building in Chicago. The acquisition had a combined sales price for the land and leasehold improvements of $320 million, making it the largest real estate transaction so far in 2011 in Chicago, and, according to The Wall Street Journal, the largest US apartment building transaction to date in 2011.
Tags: Dentons C&P Represents Fortune Brands in $1.225 Billion Sale of Titleist Golf
Chadbourne & Parke represented Fortune Brands, Inc. in the $1.225 billion sale of its Acushnet Company subsidiary, which manufactures and distributes Titleist golf balls and clubs and FootJoy golf shoes and gloves. The sale, announced on May 20, was to Fila Korea Ltd., the owner of the Fila sporting goods brand globally, and Mirae Asset Private Equity, the largest private equity firm in Korea.
Morgan Lewis Advises Telcrest on Acquisition of $1B Stake in CTC Media
It was announced today that Telcrest Investments Limited (Telcrest) will acquire 25.1% of CTC Media Inc.’s (CTC) (NASDAQ: CTCM) shares from Alfa CTC Holdings Limited (ACH) for approximately US$1.07 billion. CTC is Russia’s leading independent television broadcaster.
Tags: Morgan, Lewis & Bockius LLP Chadbourne & Parke’s Warsaw Office Scores Victory For Client In Polish Supreme Court
The Warsaw office of Chadbourne & Parke recently won a precedent-setting case before the Polish Supreme Court on behalf of Park Wiatrowy Tychowo Sp. z.o.o. against the distribution system operator ENEA Operator Sp. z .o.o.
Ashurst Advises KOGAS on Investment in US$16 Billion Gladstone LNG Project
Ashurst has advised Korea Gas Corporation (“KOGAS”) on its acquisition of a stake in the US$16 billion Gladstone Santos LNG project (“GLNG”), which completed on 16 February 2011. KOGAS and Total have acquired a combined interest of 15% in GLNG. Ashurst also advised KOGAS on the associated 20-year LNG off-take contract, which provides for the sale by GLNG of 3.5 million tonnes per annum (mtpa) of LNG to KOGAS.
Tags: Ashurst Weil is Advising ERM on the Acquisition by Charterhouse of a Majority Stake in ERM
International law firm Weil, Gotshal & Manges LLP is advising Environmental Resources Management (ERM) in a transaction whereby Charterhouse Capital Partners will acquire approximately 65 percent of the shares in ERM as part of a management buy-out. The deal values ERM at US$950 million. Under the terms of the transaction, the remainder of the shares will be held by ERM’s 440 partners, whose approval is required for completion of the transaction.
Tags: Weil, Gotshal & Manges, LLP McDermott Advises Fila and Mirae Asset Private Equity on USD $1.2 Billion Acquisition of Titleist and FootJoy Brands
International law firm McDermott Will & Emery LLP represented Fila Korea Ltd., the owner of the Fila® brand globally, and Mirae Asset Private Equity, the largest private equity firm in Korea, in connection with their agreement to purchase the Acushnet golf business from Fortune Brands, Inc. (NYSE:FO). The agreed purchase price is USD $1.225 billion in cash. The closing is scheduled to occur after satisfaction of certain identified conditions.
Tags: McDermott Will & Emery LLP Shearman & Sterling Advises on Gruposura Finance’s $300 Million Notes Offering
Shearman & Sterling represented Grupo de Inversiones Suramericana S.A (“Gruposura”) in connection with the issuance by its wholly owned subsidiary Gruposura Finance of $300 million principal amount of 5.70% Notes due 2021 offered under Rule 144A/Regulation S, and unconditionally guaranteed by Gruposura. Gruposura is the principal shareholder in a group of companies which are market leaders in Colombia across diversified industries, including commercial banking (Bancolombia S.A.), insurance (Suramericana S.A.), pension fund administration (Protección S.A. ), processed foods (Grupo Nutresa S.A.), cement and ready mix production (Cementos Argos S.A.) and energy generation (Compañía Colombiana de Inversiones S.A.).
Tags: Shearman & Sterling LLP Beachcroft Opens Singapore Office
Beachcroft has officially opened its first office in Singapore. The new office adds to the firm’s international presence in Brussels, Dublin and New Zealand, and a joint venture in India. Ben Nicholson, a partner in the Specialist & International Risk group, has now relocated to Singapore on a permanent basis to run the office.
Tags: DAC Beachcroft LLP | Singapore 







