Nabarro is acting for existing client, Singer Capital Markets Limited (“SCM”) as financial adviser to Greenwich Loan Income Fund Limited (“GLIF”) on its acquisition of Asset Management Investment Company PLC (“AMIC”). The acquisition by AIM-listed GLIF values AMIC, which is listed on the Official List at approximately £12.1 million (based on AMIC’s net asset value on 3 December 2010).
Simpson Thacher Represents The Carlyle Group in Purchase of a Majority Interest in Claren Road Asset Management
Simpson Thacher is representing The Carlyle Group in the purchase of a 55 percent stake in Claren Road, a long-short credit hedge fund with $4.5 billion in assets under management, in exchange for cash, an ownership interest in Carlyle and performance-based contingent payments. The transaction is expected to close by year end.
Tags: Simpson Thacher & Bartlett LLPHogan Lovells Litigation Team Secures TRO for HarperCollins Publishers in Copyright Infringement Case
A team of lawyers from the New York office of Hogan Lovells US LLP has obtained a temporary restraining order for client HarperCollins Publishers LLC (HarperCollins) against Gawker Media LLC (Gawker), parent company of the media blog website Gawker.com. HarperCollins, publisher of the book America by Heart (the Book) by former Alaskan Governor Sarah Palin, claimed copyright infringement when Gawker on 17 November posted 21 full and exact pages of the Book on the website six days before it was set to be released to the public.
Tags: Hogan LovellsClifford Chance advises ONO on an Innovative High Yield Debt Transaction
Clifford Chance’s London and Madrid offices have advised ONO, the second largest provider of broadband internet, pay television and fixed telephony services in Spain, on the Rule 144A/Reg. S offering of €700 million aggregate principal amount of 8.875% Senior Secured Notes due 2018. The Notes were issued by an independent orphan special purpose vehicle which lent the gross proceeds from the offering to Cableuropa, a wholly-owned subsidiary of ONO, pursuant to a new tranche of Cableuropa’s existing Senior Credit Facility. As part of this innovative structure, the new tranche under the Senior Credit Facility is secured on a pari pasu basis with other loans under the Senior Credit Facility and holders of the Notes indirectly benefit from the same security package as Cableuropa’s other senior lenders.
Tags: Clifford Chance LLPShearman & Sterling Advises on Bank/Bond for Rural Metro
Shearman & Sterling represented RBC Capital Markets as sole lead arranger and sole bookrunner of a $355 million amended and restated senior secured guaranteed credit facility for Rural Metro, which refinanced the company’s existing senior secured credit facility. The new credit facility is comprised of a $270 million six-year term loan and an $85 million five-year revolving credit facility. In connection with Rural Metro’s refinancing, the firm also represented RBC Capital Markets as dealer manager in a tender offer and consent solicitation for Rural Metro’s outstanding 12 3/4% Senior Discount Notes due 2016.
Tags: Shearman & Sterling LLPPinsent Masons Advises Sovereign on the Acquisition of The IMS Group
International law firm Pinsent Masons has advised Sovereign Capital (Sovereign), the UK private equity Buy & Build specialist, on the acquisition of The IMS Group (IMS), a leading provider of consulting and integrated business support to the wholesale asset management and securities industry.
Tags: Pinsent Masons LLPShearman & Sterling Advises Oerlikon on Acquisition of hartec
Shearman & Sterling is advising the Swiss OC Oerlikon Management AG (Oerlikon) on the takeover of German hartec Anlagenbau GmbH (hartec) by Oerlikon Balzers. The future subsidiary will operate under the name of Oerlikon Balzers hartec GmbH.
Tags: Shearman & Sterling LLPHunton & Williams LLP Represents DTE Energy Services in Acquisition of Mt. Poso Cogeneration Company
Hunton & Williams LLP recently represented DTE Energy Services (DTEES) in acquiring a significant interest in the Mt. Poso Cogeneration Company power plant near Bakersfield, California. DTEES will operate the plant and co-lead its conversion into a 100 percent renewable power source, primarily running on wood fuel derived from urban wood waste, tree trimmings and agricultural residues. Following the conversion, the plant will provide power to Pacific Gas & Elec¬tric Co. under a long-term renewable power purchase agreement, helping the California utility achieve the state’s 33 percent renewable power requirement.
Tags: Hunton Andrews Kurth LLPGoodwin Procter Counsels Aegerion On IPO
Goodwin Procter client Aegerion Pharmaceuticals recently completed an initial public offering of its common stock (NASDAQ: AEGR). Aegerion raised net proceeds of approximately $48.8 million in the offering.
Tags: Goodwin Procter LLPShearman Advises on $3.25 Billion Dual-Tranche Loan for Pemex
Shearman & Sterling advised the joint bookrunners and joint lead arrangers in a $2 billion term loan and a $1.25 billion revolving credit facility for Petróleos Mexicanos (Pemex).
Tags: Shearman & Sterling LLP






