Davis Polk – Rio Tinto $2 Billion Notes Offering

Davis Polk advised J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., RBS Securities Inc., Morgan Stanley & Co. Incorporated, RBC Capital Markets, LLC and SG Americas Securities, LLC as joint bookrunners and representatives of the underwriters on an SEC-registered offering by Rio Tinto Finance (USA) Limited of $2 billion aggregate principal amount of notes guaranteed by Rio Tinto plc and Rio Tinto Limited. The offering consisted of $700 million principal amount of 2.5% notes due 2016, $1 billion principal amount of 4.125% notes due 2021 and a reopening in an aggregate principal amount of $300 million of its 5.2% notes due 2040, issued on November 2, 2010.

More >>

Tags:  Davis Polk & Wardwell LLP

Simpson Thacher Represents Barclays in $3 Billion Bridge Financing to Thermo Fisher Scientific and as Financial Advisor in Connection with Thermo Fisher’s Acquisition of Phadia From Cinven

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.

More >>

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.

More >>

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.

More >>

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.

More >>

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.

More >>

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.

More >>

Tags:  McDermott Will & Emery LLP