Davis Polk Advises Taylor Wimpey on the Sale of Its North American Business

Tuesday, April 5, 2011
Davis Polk is advising Taylor Wimpey plc (Taylor Wimpey) in connection with the sale of its U.S. and Canadian business to TMM Holdings Limited Partnership, a partnership controlled by certain investment funds affiliated with TPG Capital, certain investment funds affiliated with Oaktree Capital Management, L.P. and JH Investments Inc., and its subsidiaries for a base consideration of $955 million. Taylor Wimpey will also receive additional proceeds for cash balances in the North American business as at December 31, 2010 and net capital invested in its North American business from January 1, 2011 to closing.

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Tags:  Davis Polk & Wardwell LLP

Davis Polk Advises Grupo Aval on SEC Registration of Its Preferred Shares

Tuesday, April 5, 2011
Davis Polk advised Grupo Aval on the registration of its preferred shares under the Securities Exchange Act of 1934. Grupo Aval is Colombia’s largest banking group, with total assets of US$43.9 billion at September 30, 2010, and is a leading banking group in the Central American market. Grupo Aval consists of Banco de Bogotá, BAC Credomatic, Banco de Occidente, Banco Popular, Banco AV Villas, Corficolombiana and Administradora de Fondos de Pensiones y Cesantías Porvenir, as well as other financial affiliates, including leasing, trust, brokerage and bonded warehouse companies.

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Tags:  Davis Polk & Wardwell LLP

Gordon & Rees Opens in Austin, Expands in Houston, and Deepens National Product Liability Practice

Friday, April 1, 2011
Gordon & Rees LLP, a full-service litigation and business transactions firm, continues its national expansion with a new 10-attorney office in Austin and two additional attorneys in the Houston office.  Austin is the firm’s 19th U.S. office, closely following the opening of an office in Atlanta in February 2011.  The 12 attorneys join Gordon & Rees from Clark, Thomas & Winters and will increase Gordon & Rees’s presence in Texas to more than 40 attorneys in Austin, Dallas and Houston.

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Tags:  Gordon Rees Scully Mansukhani, LLP | Austin

Paul Hastings Advises Lenders on Leveraged Buy-Out of Carlyle-Owned Company

Friday, April 1, 2011
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised ING Bank, Taipei Fubon Commercial Bank and Chinatrust Commercial Bank in connection with the acquisition by IK Investment Partners of the Offshore Incorporations group of companies, which provides company formation and associated services in Asia, from the Carlyle Group. IK Investment intends to create a world leading global trust and corporate services provider by merging the corporate service part of the Group, Acceptor and Credence Trust, with IK’s portfolio company Vistra Group, a provider of fund administration, trust and corporate services in Europe. The combined group will have 500 employees and is expected to benefit from Asian GDP growth, foreign direct investment into and out of the flourishing continent and an increase in M&A activity.

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Tags:  Paul Hastings, LLP | Hong Kong

White & Case Advises Lenders on 165 Billion Yen Refinancing for eAccess and eMobile

Friday, April 1, 2011
Global law firm White & Case LLP acted as international counsel to the lenders in a 165 billion yen (approximately US$2 billion) syndicated bank facility provided to eAccess Ltd., the Japanese internet service provider and parent of mobile data company, eMobile Ltd. This landmark transaction is the first in the Japanese market to combine a syndicated facility with a simultaneous high yield bond. It is also the first major syndicated telecoms financing in Japan since the global financial crisis. Adding to the deal’s complexity was the planned merger of eAccess and eMobile that occurred on 31 March, the date of the drawdown under the syndicated facility agreement.

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Tags:  White & Case LLP | Tokyo

Dickstein Shapiro Wins Jury Verdict for Client Swisslog in Patent Infringement Case

Friday, April 1, 2011
Dickstein Shapiro LLP is pleased to announce that a jury in the U.S. District Court in Delaware found in favor of firm clients Swisslog Italia S.p.A. and Translogic Corp., part of the Swisslog Group, a global provider of logistic solutions for the movement of materials, in a patent infringement lawsuit brought by McKesson Automation Inc., part of healthcare giant McKesson Corporation. The jury found unanimously that Swisslog’s PillPick® automated pharmacy system did not infringe McKesson’s patents.

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O’Melveny Represents Verdugo Mental Health in Bankruptcy Proceedings

Friday, April 1, 2011
A team from O’Melveny & Myers LLP including partner Robert Jones, counsel Andrew Parlen and Jennifer Taylor, associates Patricia Verdugo-Chatel, Jamie Oh, and Robert Pickering, along with former partner David Ezminger, among others, represented Verdugo Mental Health in its Chapter 11 bankruptcy filing in the US Bankruptcy Court for the Central District of California.

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Tags:  O'Melveny & Myers, LLP