Dechert Advises Universal Business Payment Solutions Acquisition Corporation in $72 Million IPO

Wednesday, May 11, 2011
Dechert LLP announced today that it has advised Universal Business Payment Solutions Acquisition Corporation (NASDAQ: UBPSU) in its $72 million initial public offering. The IPO was for an aggregate of 12,000,000 units at an offering price of $6.00 per unit. Each unit consists of one share of the Company’s common stock, $0.001 par value per share (the “Common Stock”), and one warrant to purchase one share of Common Stock.

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Dewey & LeBoeuf Represents HNA Group in its Investment in NH Hoteles

Wednesday, May 11, 2011
Dewey & LeBoeuf advised HNA Group Co., Ltd (HNA) in its investment in the Spanish hotel chain NH Hoteles, S.A., a Madrid Stock Exchange listed company. The investment will see HNA take a 20% stake in NH Hoteles for approximately €431 million and become NH’s second largest shareholder. As part of the investment, the two companies also expect to form a hotel management joint venture and pursue other business opportunities.

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Davis Polk Advises PepsiCo, Inc. on Its $1.75 Billion Notes Offering

Wednesday, May 11, 2011
Davis Polk advised PepsiCo, Inc. on its registered offering of $750 million aggregate principal amount of floating-rate notes due 2013 and $1 billion aggregate principal amount of 2.5% senior notes due 2016. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. acted as joint book-running managers for the offering.

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Davis Polk – Novellus Systems, Inc. Senior Convertible Notes Offering

Wednesday, May 11, 2011
Davis Polk advised Novellus Systems, Inc. on its Rule 144A offering of $700 million aggregate principal amount of 2.625% senior convertible notes due 2041 (including the initial purchasers’ full over-allotment exercise of $100 million aggregate principal amount of notes). J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers and initial purchasers for the offering.

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King & Spalding Continues Global Expansion with Announcement of Moscow Office

Tuesday, May 10, 2011
The international law firm King & Spalding today announced the establishment of a major presence in Moscow with its initial hiring of five lawyers from Hogan Lovells and White & Case. The Moscow office will be King & Spalding’s 17th worldwide and will work closely with the firm’s extensive transactions practices in London, the historic legal centre for transactions originating in Russia, as well as its highly regarded international arbitration practice in Paris, an important venue for Russian disputes. Opening in Moscow, which will occur following receipt of government registration, has also been a widely anticipated next step in the expansion of King & Spalding’s top-ranked international energy practice, and the office will have close ties to the firm’s existing operations in the global energy centres of Abu Dhabi, Dubai, Riyadh, Singapore, Houston, London and New York.

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Freshfields Advises on Evraz Group SA Notes Issue

Tuesday, May 10, 2011
International law firm Freshfields Bruckhaus Deringer has advised Goldman Sachs International, ING and VTB Capital in relation to the issue by Evraz Group S.A. of U.S.$850m (6.75%) Notes due 2018 and the simultaneous cash tender offer by Evraz Group S.A. for U.S.$622m of its outstanding U.S.$1.3 bn (8.875%) Notes due 2013. The newly issued Notes are listed on the UKLA’s official list and admitted to trading on the LSE’s regulated market.

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