Freshfields Advises Arysta LifeScience on Acquisition of Majority Interest in Devidayal Sales Limited

International law firm Freshfields Bruckhaus Deringer has advised Tokyo-based Arysta LifeScience, the world’s largest privately held crop protection and life science company, on the acquisition of a majority interest in Devidayal Sales Limited (DSL), a formulator and marketer of pesticides, agrochemicals and micronutrients for the Indian and international markets. DSL is one of the top ten privately-owned agrochemical companies in India.

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Freshfields Advises on South East Asia’s Largest IPO: Hutchison Port Holdings Trust’s US$5.45B Offering

International law firm Freshfields Bruckhaus Deringer has advised Hutchison Port Holdings and Hutchison Port Holdings Management, the trustee-manager of Hutchison Port Holdings Trust (HPH Trust), on the US$5.45 billion offering and listing of units of HPH Trust on the Main Board of Singapore Exchange Securities Trading Limited (SGX-ST). The transaction represents the largest ever initial public offering (IPO) in Singapore and South East Asia as well as the largest IPO globally year-to-date.

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Simpson Thacher Represents the Underwriters in Equity Offering for TCF Financial Corporation

The Firm represented the underwriters, led by J.P. Morgan Securities LLC and Morgan Stanley Co. Incorporated, in a public offering of 15,081,968 shares common stock by TCF Financial Corporation (“TCF”), including the full exercise of the underwriters’ over-allotment option.  Net proceeds of the offering to TCF after deducting underwriting discounts and commissions and estimated offering expenses were approximately $220 million. TCF expects to use the net proceeds of the offering to repay its senior unsecured notes, redeem trust preferred securities upon the occurrence of a future capital treatment event and for general corporate purposes.

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Boston Announces Plans for New Hostel; Nixon Peabody Advises on “Green” 400+ Bed Project

International law firm Nixon Peabody LLP announces that its client, Hostelling International USA and its regional affiliate, Hostelling International-New England (HI-New England), have secured funding for the New Boston Hostel, a planned renovation of one of Boston’s historic landmark buildings by leveraging new markets and historic tax credits.

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Milbank Represents Lenders in Financing of 433-MW Norte II Power Plant in Mexico

The international law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Project Finance partner Dan Bartfeld, represented the Export-Import Bank of Korea (KEXIM), Sumitomo Mitsui Banking Corporation (SMBC) and Crédit Agricole Corporate & Investment Bank in the financing of the 433-MW Norte II combined cycle power plant located in Mexico’s northern state of Chihuahua. The debt to be provided to the consortium, made up of Korea Electric Power Corporation (KEPCO), Samsung C&T Corporation and Techint, S.A. de C.V., will exceed $300 million with three tranches of debt, with total project costs in excess of $400 million. The project is the largest Korean-sponsored power plant ever developed in Latin America and signifies the importance of Mexico (and Latin America) to Korean companies and KEXIM.

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