Davis Polk is advising Grupo Financiero Santander, S.A.B. de C.V. and Banco Santander, S.A. in connection with its acquisition of GE Capital’s consumer mortgage business in Mexico, encompassing all of its operations, including its $2 billion consumer mortgage portfolio. The transaction, which is expected to close in the first half of 2011, is subject to regulatory approvals. The financial terms of the transaction were not disclosed.
Tags: Davis Polk & Wardwell LLP | Mexico City
On December 28, it was announced that Waterland Private Equity has acquired the RHM Group clinics and nursing homes from its founder, represented by Willkie, and plans a strategic expansion of the company’s presence in the German nursing and rehabilitation market through acquisitions. The transaction is subject to antitrust approval of the Federal Cartel Authority. Founded 30 years ago, RHM has established itself as one of the leading, integrated medical health companies in Germany. RHM owns approximately 1,300 beds in specialized clinics for rehabilitation and acute care, provides about 600 beds for nursing care for the elderly, and offers both ambulatory and stationary health services in its six locations in Germany.
Tags: Willkie Farr & Gallagher LLP
SNR Denton has advised Lucara Diamond Corp. (“Lucara”) on its successful share-for-share takeover of African Diamonds plc (“AFD”), a U.K. company whose securities were traded on the AIM Market of the London Stock Exchange. The acquisition was carried out by way of an English court-approved cancellation scheme of arrangement involving a conditional three-cornered demerger.
Tags: Dentons
Fulbright client, Meridiam Infrastructure, and its special purpose vehicle, Long Beach Judicial Partners LLC (LBJP), closed a public-private partnership (PPP) transaction with the Judicial Council of California, Administrative Office of the Courts (AOC), to design, build, finance, operate and maintain a new $492M courthouse and a related existing parking structure in Long Beach, California.
Tags: Norton Rose Fulbright
Shearman & Sterling represented GSS III Iceberg B.V., a company jointly owned by Morgan Stanley Principal Investments Netherlands B.V. and Morgan Stanley Real Estate Special Situations Fund III, L.P. (Iceberg), in its sale of its entire equity interest in KOS S.p.A. (KOS), a company controlled by CIR – Compagnie Industriali Riunite S.p.A. (CIR), to Alf Participations 2 S.à.r.l. (Alf), an affiliate of AXA Investment Managers Private Equity Europe S.A., in the context of a broader transaction whereby Alf acquired 41.1% of KOS.
Tags: Shearman & Sterling LLP
Watson, Farley & Williams, a leading international law firm, is pleased to announce that it recently advised Globus Maritime Limited, a publicly-listed dry bulk shipping company, in connection with its U.S. securities filings, the transfer of the public listing of its shares from the London Stock Exchange’s AIM market to the Nasdaq Global Market, and its concurrent redomiciliation from Jersey, Channel Islands, into the Republic of the Marshall Islands.
Tags: Watson Farley & Williams LLPShearman & Sterling represented Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated as representatives of the initial purchasers in connection with SAIC, Inc.’s offering of US$450 million of its 4.450% Notes due 2020 and US$300 million of its 5.950% Notes due 2040. SAIC, Inc. is a provider of scientific, engineering, systems integration and technical services and solutions to the U.S. government and other customers.
Tags: Shearman & Sterling LLPEarthLink, Inc.(NASDAQ: ELNK) is acquiring One Communications Corp. for $370 million in cash, and the payment of approximately $285 million of One Communications net debt.
Simmons & Simmons has advised RBS Hoare Govett, as sole sponsor, bookrunner and broker on the initial public offering (IPO) of CQS Diversified Fund Limited, a closed-ended investment company incorporated in Guernsey.
Tags: Simmons & Simmons