Dechert Advises Kinross Gold Corporation on US$350m Acquisition of 25% Stake in Gold and Silver Mining Company in Russia

Tuesday, April 5, 2011
International law firm Dechert LLP’s Moscow team is representing Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) on its US$350 million acquisition of a 25% stake in Chukotka Mining and Geological Company (CMGC), the 100% owner of the Kupol gold and silver mine in the Chukotka Autonomous Okrug of the Far East Region of the Russian Federation. CMGC is currently owned 75% by Kinross and 25% by the State Unitary Enterprise of the Chukotsky Autonomous Okrug (Chukotsnab). The proposed acquisition – which signed on 4th April – would bring Kinross’s total stake in CMGC to 100%. The consideration is subject to adjustments equal to the amount of the attributable dividend payments. Kinross intends to finance the acquisition costs in part though a non-recourse debt facility of approximately US$200 million, on which Dechert is also advising Kinross.

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Tags:  Dechert LLP | Moscow

BLP Advises Mid Europa Partners on Major European Transport Acquisition

Tuesday, April 5, 2011
Law firm Berwin Leighton Paisner (BLP) has recently advised long standing client Mid Europa Partners (Mid Europa), on the acquisition of a 49.05% stake in leading Central and Eastern Europe (CEE) road freight transport company Waberer’s Holding Zrt. Announced yesterday (24 March 2011), this is the fourth deal BLP has advised Mid Europa on since late 2010.

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Tags:  Berwin Leighton Paisner LLP

Paul Hastings Advises Capital Trust in Debt Restructuring

Tuesday, April 5, 2011
Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm advised real estate finance and investment management company Capital Trust, Inc. in the out-of-court restructuring of the company’s approximately $580 million outstanding recourse debt obligations, representing a complete resolution of the company’s legacy liabilities.

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Tags:  Paul Hastings, LLP

Norton Rose Advises on US$2.5 Billion Restructuring

Tuesday, April 5, 2011
International legal practice Norton Rose LLP has acted for a Co-ordinating Committee of Banks on the financial restructuring of Danaos Corporation, a leading international owner of containerships.  The conclusion of this restructuring involved the rescheduling of approximately $2.5 billion of indebtedness, involving fourteen banks, the provision of five new money facilities for, in total, $426 million and the issue of warrants to purchase an aggregate of 15 million shares.

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Tags:  Norton Rose Fulbright

Mannheimer Swartling – AMF Acquires Fifty Percent of the Residential Company Dombron

Tuesday, April 5, 2011
AMF Pensionsförsäkring AB has reached an agreement with the Fourth Swedish National Pension Fund to acquire fifty percent of the shares in Dombron Intressenter AB  and thereby indirectly a real estate portfolio with a total underlying property value of SEK 6 billion. The portfolio of approximately 80 properties consists of residential and student properties primarily located in Gothenburg, Stockholm and Uppsala.

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Tags:  Mannheimer Swartling

Simpson Thacher Represents Shinsei Bank in $869 Million Offering of Common Stock

Tuesday, April 5, 2011
The Tokyo office of Simpson Thacher recently represented Shinsei Bank, Limited in a global offering of common stock that raised approximately $869 million for the issuer. Morgan Stanley & Co. International plc and Nomura International plc were the joint lead managers and joint bookrunners. Approximately one-quarter of the shares in the offering were subscribed for by J. Christopher Flowers and investment vehicles advised by the investment firm J.C. Flowers & Co. LLC. The offering was conducted pursuant to Rule 144A and Regulation S.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

Simpson Thacher Represents the Initial Purchaser in Connection with Tivo Inc.’s $172.5 Million Convertible Senior Notes Offering

Tuesday, April 5, 2011
The Firm recently represented UBS Securities LLC in connection with Tivo Inc.’s offering of $172.5 million aggregate principal amount of 4.00% Convertible Senior Notes due 2016, including an over-allotment option of $22.5 million aggregate principal amount. The initial offering closed on March 10, 2011 and the over-allotment option closed on March 30, 2011.

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Tags:  Simpson Thacher & Bartlett LLP