Hogan Lovells Advises Optimal Payments Plc on €1.1 Billion Transformational Skrill Acquisition

Monday, March 23, 2015

Hogan Lovells has advised Optimal Payments Plc on the €1.1 billion acquisition of Sentinel Topco Limited and its subsidiaries (Skrill Group) from Sentinel Group Holdings S.A, which is ultimately majority owned by funds managed and advised by CVC Capital Partners SICAV-FIS S.A. and Investcorp Technology Partners. The transformational transaction, announced today, will in part be funded by a fully underwritten rights issue raising gross proceeds of approximately £451 million and new debt facilities of €500 million. More >>

Tags:  Hogan Lovells | London

Dentons Advises Sumitomo Chemical on the US$8 Billion Petro Rabigh and Petrochemical Complex Expansion

Monday, March 23, 2015

Dentons advised Sumitomo Chemical on its participation in the expansion of the refining and petrochemical complex owned and operated by Rabigh Refining & Petrochemical Company (Petro Rabigh). Sumitomo Chemical is a founding shareholder of, Petro Rabigh together with Saudi Aramco. The expansion project reached financial close on 16 March 2015 and the total project cost is estimated at US$8 billion. Sumitomo Chemical’s participation will initially take the form of a US$1 billion equity bridge loan guaranteed by Sumitomo Chemical, alongside a similar loan guaranteed by Saudi Aramco. More >>

Tags:  Dentons | Dubai

Canada $3.5 Billion Global Bond Offering

Monday, March 23, 2015

Davis Polk advised the underwriters in connection with the offering of $3.5 billion aggregate principal amount of 1.125% U.S. dollar bonds due March 19, 2018, issued by Her Majesty in right of Canada. More >>

Tags:  New York

HCP Announces $849 Million Acquisition of Private Pay Senior Housing Portfolio

Friday, March 20, 2015

Paul, Weiss client HCP, Inc. announced that it has entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of private pay senior housing communities for $849 million. The portfolio will be acquired using a RIDEA joint venture structure formed by HCP in which Brookdale Senior Living will own a 10 percent interest. More >>

Tags:  New York

McDermott Adds One of Nation’s Top Private Client Lawyers

Friday, March 20, 2015

International law firm McDermott Will & Emery today announced that Leigh-Alexandra Basha, one of the nation’s most prominent private client lawyers, has joined the Firm as a partner based in Washington, D.C. in the Private Client Practice Group. With the addition of Ms. Basha, the Firm will establish a Private Client practice in the nation’s capital with Ms. Basha as the head of the practice in that office. Ms. Basha formerly chaired Holland & Knight’s International Private Client Practice for the past decade. She was recently elected to Council of the International Bar Association’s Legal Practice Division and is past Chair of the IBA’s Individual Tax and Private Client Committee. More >>

Tags:  McDermott Will & Emery LLP | Washington

The Priceline Group in its €1 Billion Registered Senior Debt Offering

Friday, March 20, 2015

Cravath represented The Priceline Group Inc. in connection with its €1 billion registered senior debt offering. The Priceline Group Inc. is a leading provider of online travel and travel‑related reservation and search services. The notes were listed on the New York Stock Exchange. The transaction closed on March 3, 2015. More >>

Tags:  New York

Chadbourne Advises on the US$776 Million Financing of the Rabigh Independent Water Steam and Power Plant Expansion

Friday, March 20, 2015

Chadbourne & Parke LLP advised the Rabigh Arabian Water and Electricity Company and its sponsors (Arabian Company for Water and Power Projects, JGC Corporation and Marubeni Corporation) in relation to the US$776 million financing of the expansion of its independent water steam and power plant located on the Red Sea coast of Saudi Arabia. Financial close was achieved on 16 March 2015. More >>

Tags:  London