Dechert Advises NORMA Group on Its IPO

International law firm Dechert LLP is serving as co-counsel to NORMA Group AG, a German-headquartered global industrial manufacturer and portfolio company of global private equity house 3i Group plc, on its initial public offering on the Frankfurt Stock Exchange. The IPO’s targeted offering size is Euro 386.4 million and represents one of the largest IPOs in Germany since the listing of Brenntag in March 2010. The offering will consist of 7 million new shares from a capital increase and 9 million shares from the holding of the selling shareholders. In addition, around 2.4 million shares are available to cover a possible greenshoe option.

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Chadbourne Leads UBS Structured Financing in Mexico

Chadbourne & Parke LLP represented UBS AG, Stamford Branch, as administrative agent and lender, and UBS Securities LLC, as lead arranger and bookrunner, in connection with a MXP $325,000,000 structured credit facility for Financiera Maestra, S.A. de C.V., a financial purpose entity affiliated with Grupo Empresarial Maestro, S.A. de C.V., a Mexican micro-lending institution.

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Paul Hastings Advises Rudong Ritai on its US$230 Million Acquisition of Rudong Yangkou Port

Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it has advised Rudong Ritai Infrastructure Development & Investment Co., Ltd. (“Rudong Ritai”) on its US$230 million acquisition of equity interests in Rudong Yangkou Port Investment & Development Co., Ltd. (“Rudong Yangkou Port”) from Glory Well Limited, a subsidiary of PYI Corporation Limited, a Hong Kong Stock Exchange listed company.

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Covington Advises Goodyear on $500M Mandatory Convertible Preferred Stock Offering

Covington & Burling LLP represented The Goodyear Tire & Rubber Company in its $500 million registered underwritten offering of 5.875 percent Mandatory Convertible Preferred Stock, which closed on March 31, 2011. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Citi and Credit Agricole Securities (USA) Inc. served as joint book-running managers for the offering.

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