Attorney Barry B. Sutton Joins Clark Hill PLC, Detroit

Thursday, February 3, 2011

Clark Hill PLC is proud to announce that Barry B. Sutton has joined the firm’s Detroit office, practicing in the Litigation practice group. Sutton specializes in product liability, and serves as national trial counsel for numerous companies, in product liability and other disputes throughout the country. Sutton has been repeatedly successful in obtaining both appellate and trial judgments on behalf of those clients. As principle drafter of the successful appellate briefs in Gregory v. Cincinnati, Peck v. Bridgeport Machines and Hollister v. Dayton Hudson Corporation, Sutton has helped to define and structure Michigan’s law of product liability. Sutton’s involvement in the defense of hunting product manufacturers and large, automotive component part suppliers on a national basis has allowed him to help shape the trends in product liability throughout the United States. In this capacity, Sutton is one of the pioneers in defending component part suppliers in product liability suits.

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Tags:  Clark Hill PLC | Detroit

Simpson Thacher Represents Underwriters in Initial Public Offering by Demand Media

Wednesday, February 2, 2011
Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated in connection with the underwriting of the initial public offering of 10,235,000 shares of common stock of Demand Media, Inc., which includes the shares that were sold pursuant to the over-allotment option exercised by the underwriters, resulting in aggregate gross proceeds of $174 million.  The Demand Media offering represents the largest initial public offering by an internet company since Google went public in 2004.  Demand Media, Inc. is a leader in a new Internet-based model for the professional creation of high-quality, commercially viable content at scale.  Demand Media’s shares are listed on the New York Stock Exchange under the symbol “DMD.” 

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Clifford Chance Advises Nielsen Holdings N.V. on One of the Biggest Private Equity Backed IPOs in the US

Wednesday, February 2, 2011
International law firm Clifford Chance advised Nielsen Holdings N.V. (the portfolio company owned by KKR, Blackstone, Carlyle, AlpInvest, Centerview, Thomas H. Lee and Hellman and Friedman) in respect of its fully underwritten initial public offering and listing on the New York Stock Exchange. The offering is being closely watched as a sign of investors’ appetite for private-equity backed IPOs. The offering values the company at approximately $8 billion.

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Weil Advises Advent on Acquisition of Towergate

Tuesday, February 1, 2011
International law firm Weil, Gotshal & Manges represented Advent International in its £200 million investment in Towergate Partnership, Europe’s largest independently owned insurance intermediary. Towergate has acquired 177 underwriting and broking firms since being founded in 1997 and now employs over 4,500 staff across 100 offices in the United Kingdom. They also have a significant presence in financial services through Towergate Financial and John Charcol.

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WFW Advised Falck Renewables on Extension of Wind Farm

Tuesday, February 1, 2011
Watson, Farley & Williams, a leading international law firm, has recently advised Falck Renewables Plc on the financing and offtake arrangements for the second extension of a wind farm project owned by Millennium Wind Energy Limited located in the Scottish Highlands. Millennium Wind Energy Limited reached financial close with RBS to project finance the construction of a 15MW extension to its existing 50MW wind farm project on 21 December 2010. The project financing made use of the European Investment Bank’s UK onshore wind intermediated loan scheme and demonstrates Falck Renewables Plc’s continuing success in accessing debt markets to fund its growing pipeline.

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Mayer Brown and Ramón y Cajal to Continue Alliance

Tuesday, February 1, 2011
Mayer Brown, a leading global law firm, and Ramón y Cajal, a leading Spanish law firm, announced today that they have reaffirmed their mutual commitment to the alliance relationship they formed in 2007, which has enabled them to provide clients of both firms with access to top-tier legal services in the key business centers of Europe, Asia and the Americas. 

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Verizon Purchases Terremark in $1.4 Billion Acquisition – Weil Represents

Monday, January 31, 2011

Weil, Gotshal & Manges represented Verizon Communications in its announced $1.4 billion acquisition of Terremark Worldwide, a leading information technology and cloud computing services company. The deal is structured as a cash tender offer at $19 per share followed by a back-end merger. The deal is expected to close in the first quarter of 2011. Terremark operates 13 data centers throughout the world and provides a range of business services to large corporations and US government agencies. The company will continue to operate under the Terremark brand. More >>

Tags:  Weil, Gotshal & Manges, LLP | New York

Cooley Advises Genoptix in $470 Million Sale to Novartis

Tuesday, January 25, 2011
Genoptix, Inc. (Nasdaq: GXDX) announced today that it has entered into a definitive merger agreement to be acquired by Novartis. Under the terms of the merger agreement, Novartis will commence an all cash tender offer for all outstanding shares of common stock of Genoptix at USD$25.00 per share. The transaction implies, on a fully-diluted basis, a total equity value of approximately USD$470 million and an enterprise value of USD$330 million.

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Tags:  Cooley LLP