Simpson Thacher Represents the Placement Agents in US$381.4 Million Initial Public Offering of Brasil Insurance Participações e Administração S.A.

Simpson Thacher recently represented Morgan Stanley & Co. Incorporated, BTG Pactual US Capital Corp., J.P. Morgan Securities LLC and HSBC Securities (USA) Inc., as placement agents in connection with the initial public offering of common shares of Brasil Insurance Participações e Administração S.A. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Section 4(2) of the Securities Act and to non-U.S. persons under Regulation S. The transaction raised R$644.6 million (approximately US$381.4 million) in proceeds.

More >>

Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

K&L Gates Advises HaloSource, Inc., on $80 Million Institutional Placing and AIM Admission

A three-continent team of lawyers from K&L Gates LLP recently advised United States clean water and antimicrobial technology company HaloSource, Inc., on the company’s $80 million institutional placing – including a $30 million vendor placing – and admission to the London Stock Exchange’s AIM market. Trading in HaloSource’s shares commenced in October, giving HaloSource an initial market capitalization of approximately $158 million.

More >>

Tags:  K&L Gates LLP

Bird & Bird Advises Hangar 8 PLC on its Admission to AIM

Bird & Bird has advised Hangar 8, one of the largest operators of private jets in Europe, on its admission to AIM.  It is anticipated that the ordinary shares of Hangar 8 will be admitted to AIM for trading on or about 10 November 2010.  Based on the placing price, Hangar 8 will have a market capitalisation of circa £9.5 million. Daniel Stewart & Company plc was the nominated adviser and broker.

More >>

Tags:  Bird & Bird LLP

Covington Advises Atlas Pipeline Holdings L.P. in Acquisition of Upstream Oil & Gas Assets from Atlas Energy, Inc.

Atlas Pipeline Holdings L.P. and Atlas Energy, Inc. announced today that they have entered into an agreement for Atlas Holdings to acquire from its parent, Atlas Energy, all of Atlas Energy’s partnership management business and certain producing oil & gas assets for total consideration of $250 million, consisting of $220 million in newly issued Atlas Holdings common units and $30 million in cash. Covington & Burling LLP advised the Special Committee of Board of Directors of Atlas Holdings on the transaction.

More >>

Tags:  Covington & Burling LLP

DLA Piper Advises DM BZWBK and BZ WBK on Debut of Agroton on the WSE

DLA Piper advised DM BZWBK and BZ WBK on the introduction of Agroton shares to the Warsaw Stock Exchange (“WSE”). Agroton, the fourth largest agriculture producer in Ukraine, is the latest Ukrainian company to debut on the Warsaw market, which is fast becoming one of Europe’s most attractive exchanges.

More >>

Tags:  DLA Piper

Goodwin Procter Wins Significant Victory for Countrywide Financial Corporation

Goodwin Procter obtained a significant victory for its client, Countrywide Financial Corporation, when the U.S. District Court for the Central District of California granted Countrywide’s motion to dismiss the amended complaint in Maine State Retirement System v. Countrywide Financial Corporation, et al. on November 4, 2010.  The Maine State case is a putative class action asserting claims under the Securities Act of 1933 relating to numerous public offerings of mortgage-backed securities issued by subsidiaries of Countrywide, formerly one of the largest residential mortgage lenders in the country.  The complaint was dismissed in its entirety, with leave to amend, for lack of standing and on statute of limitations grounds.

More >>

Tags:  Goodwin Procter LLP

O’Melveny Represents Global Education & Technology Group Limited in US$77.0 Million IPO on NASDAQ

O’Melveny & Myers LLP represented Global Education & Technology Group Limited (NASDAQ: GEDU) in its US$77.0 million initial public offering of American depositary shares (ADSs) and listing on NASDAQ. Global Education sold 7,331,250 ADSs (including 956,250 ADSs sold pursuant to the full exercise of the underwriters’ over-allotment option) at US$10.50 per ADS, the high end of the range. Credit Suisse and BofA Merrill Lynch acted as joint bookrunners of the offering.

More >>

Tags:  O'Melveny & Myers, LLP