Orrick, Herrington & Sutcliffe LLP recently represented long time client StreamServe Inc. in connection with its all cash merger with a wholly owned subsidiary of Open Text Corporation (NASDAQ: OTEX).  The transaction was completed on October 26, 2010, and is valued at approximately US$71 million, subject to customary purchase price and holdback adjustments.

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Orrick, Herrington & Sutcliffe LLP represented SodaStream International Ltd. in its initial public offering on the Nasdaq Global Select Market.  J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as the joint bookrunning managers for the offering.  The estimated net proceeds to SodaStream, after deducting the underwriting discount and estimated offering expenses payable by the company, are US$98.9 million.

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The international law firm Clifford Chance advised French financial investor Chequers Capital on the acquisition of Silver Care Holding, a Munich based operator of nursing homes, and the related acquisition financing.

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Shearman & Sterling acted as US counsel to a consortium of 27 banks led by Banca IMI, Credit Suisse, Goldman Sachs International and Mediobanca as Joint Global Coordinators in connection with the initial offering by Enel, Italy’s largest electricity company, and concurrent listing of the ordinary shares of Enel Green Power. The transaction, which raised gross proceeds for approximately €2.264 billion, is the largest IPO in Europe since 2008. Enel Green Power has been included in the FTSE MIB as one of the 40 largest listed companies in Italy in terms of market capitalization.

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Davis Polk & Wardwell LLP advised Morgan Stanley & Co. Incorporated, Credit Suisse Securities (USA) LLC, Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc. and HSBC Securities (USA) Inc. as joint bookrunners and representatives of the underwriters on an SEC-registered offering by Rio Tinto Finance (USA) Limited of $2 billion aggregate principal amount of notes guaranteed by Rio Tinto plc and Rio Tinto Limited. The offering consisted of $500 million principal amount of 1.875% notes due 2015, $1 billion principal amount of 3.5% notes due 2020 and $500 million principal amount of 5.2% notes due 2040.

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Morrison & Foerster recently secured a victory for Target Corporation in a class action case brought by consumer Raymundo Sevidal, who alleged fraud and violation of unfair competition and false advertising laws after purchasing three clothing items from Target’s website that were misidentified as made in the United States. On October 28, 2010, the California Court of Appeal agreed with the trial court’s refusal to certify the class based on its finding that the proposed class was not ascertainable.

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The Firm represented The Blackstone Group and its joint venture with Glimcher Realty Trust in connection with their $245 million acquisition of Pearlridge Shopping Center in Honolulu, Hawaii from an affiliate of the Northwestern Mutual Life Insurance Company.  Pearlridge Center is the second largest mall in Hawaii with total leasable area of over 1.1 million square feet, and has more than 170 tenants.  The transaction closed on November 1, 2010 and was partially financed by a $175 million mortgage loan.  An affiliate of Blackstone holds 80% of the equity interests in the joint venture and is the managing member.  An affiliate of Glimcher manages the day-to-day operations of the shopping center under a management contract with the venture.  Glimcher is a real estate investment trust specializing in shopping center management, acquisition and development.

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Lawyers from the London office of K&L Gates LLP have advised Laing O’Rourke Plc on the recently-closed £50m project financing, construction, and renovation of state secondary schools in the east London borough of Barking and Dagenham.

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Shearman & Sterling acted as special US counsel to The Bank of Nova Scotia in connection with its offering of US$2.5 billion aggregate principal amount of 1.650% Covered Bonds due 2015, issued under the Bank’s US$15 billion Global Public Sector Covered Bond Programme, with Banc of America Securities LLC, Barclays Capital Inc., Morgan Stanley & Co. Incorporated and Scotia Capital (USA) Inc. acting as lead managers.

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Davis Polk & Wardwell LLP is advising Oracle Corporation on its acquisition of Art Technology Group, Inc., a leading provider of cross-channel commerce solutions. Oracle is the world’s largest enterprise software company.

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