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

Simpson Thacher Represents Initial Purchasers and Lenders in Financing Transactions Related to the Acquisition of Burger King Holdings, Inc. by 3G Capital

The firm represented J.P. Morgan Securities LLC and Barclays Capital Inc. as representatives of the initial purchasers of $800 million of 9.875% Senior Notes due 2018, the proceeds of which were used to finance a portion of the acquisition of Burger King Holdings, Inc. by private equity firm 3G Capital.  The Firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with approximately $2.0 billion in new senior credit facilities for Burger King.

More >>

Tags:  Simpson Thacher & Bartlett LLP

Shearman & Sterling Advises on R&R Ice Cream’s €350 Million High Yield Offering and €60 Million Super Senior Revolving Credit Facility

Shearman & Sterling has acted as US, English, German and French counsel to Barclays Capital, Credit Suisse and HSBC, as initial purchasers in connection with R&R Ice Cream plc’s €350 million senior secured bond offering. Shearman & Sterling also acted as US, English, German and French counsel to Barclays Capital, Credit Suisse and HSBC, as mandated lead arrangers and lenders in connection with R&R Ice Cream plc’s €60 super senior revolving credit facility. The transactions closed on November 5.

More >>

Tags:  Shearman & Sterling LLP

Orrick Represents StreamServe in its Acquisition by Open Text Corporation

Orrick, Herrington & Sutcliffe LLP recently represented long time client StreamServe Inc. in connection with its all cash merger with a wholly owned subsidiary of Open Text Corporation (NASDAQ: OTEX).  The transaction was completed on October 26, 2010, and is valued at approximately US$71 million, subject to customary purchase price and holdback adjustments.

More >>

Tags:  Orrick, Herrington & Sutcliffe LLP

Orrick Represents SodaStream in IPO on Nasdaq

Orrick, Herrington & Sutcliffe LLP represented SodaStream International Ltd. in its initial public offering on the Nasdaq Global Select Market.  J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as the joint bookrunning managers for the offering.  The estimated net proceeds to SodaStream, after deducting the underwriting discount and estimated offering expenses payable by the company, are US$98.9 million.

More >>

Tags:  Orrick, Herrington & Sutcliffe LLP