Simpson Thacher Represents Wireless Generation Inc. in its Proposed $360 Million Sale to the News Corporation

The Firm is representing Wireless Generation Inc. in connection with its proposed $360 million sale to the News Corporation.  Wireless Generation provides mobile and web software, data systems and professional services that enable teachers to use data to assess student progress and deliver individualized instruction, serving more than 200,000 teachers and three million students across all 50 states.  News Corporation is a diversified global media company. 

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Andrews Kurth Represents IDB in $140 Million Syndicated Loan to Brazil’s Banco Sofisa

On November 23, 2010, the Inter-American Development Bank (“IDB”) closed on a syndicated dual currency (US$115 million and €18 million) A/B loan to Brazil’s Banco Sofisa. The proceeds of the loan are to be used to increase lending to small- and medium-sized enterprises in Brazil. The syndication to some 15 U.S., Brazilian and European banks was co-arranged by IDB and Banco Itau, with HSBC, Banco do Brasil and Standard Bank as bookrunners. The transaction involves a five-year IDB $25 million A loan and a syndicated B loan composed of four tranches: two denominated in U.S. dollars for a total amount of $90 million, and two denominated in Euros for a total amount of €18.6 million. The syndicated loans mature in two and three years.

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Morgan Lewis Advises Eurand on $583 Million Acquisition by Axcan Holdings

Today, Eurand N.V. and Axcan Holdings, Inc. announced they have entered into a definitive agreement whereby Axcan will acquire all outstanding shares of Eurand for $12.00 per share in cash, or approximately $583 million. Eurand is a global specialty pharmaceutical company and Axcan is a pharmaceutical company that focuses on the treatment of gastrointestinal disorders.

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Simpson Thacher Represents Underwriters in Follow-On Offering by Synchronoss

The Firm represented the underwriters, led by Credit Suisse Securities (USA) LLC, Deutsche Bank Securities, Inc. and Goldman, Sachs & Co., in a registered follow-on offering of 4,896,748 shares of common stock of Synchronoss Technologies, Inc. (“Synchronoss”), which includes the shares that were issued and sold pursuant to the over-allotment option exercised by the underwriters, resulting in aggregate gross proceeds of approximately $124 million.

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White & Case Advises Commerzbank and ING Bank in Connection with the Financing of the Acquisition of GHD GesundHeits GmbH Deutschland

Global law firm White & Case LLP advised Commerzbank Aktiengesellschaft and ING Bank N.V. in connection with the financing of the acquisition of a majority stake in GHD GesundHeits GmbH Deutschland by the Swedish-British private equity firm IK Investment Partners (formerly known as Industri Kapital) from Barclays Private Equity.

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Paul Hastings Advises Wolters Kluwer Health in Agreement to Acquire Pharmacy OneSource

Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm advised Wolters Kluwer Health, a leading provider of information and business intelligence to the medical, nursing, allied health and pharmacy industries, on its definitive agreement to acquire Pharmacy OneSource, Inc., a leading healthcare Software-as-a-Service (SaaS) provider.

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