Davis Polk advised the administrative agent, in connection with $1.6 billion senior secured credit facilities for Black Knight InfoServ, LLC, comprised of an $800 million term loan A facility, a $400 million term loan B facility and a $400 million revolving credit facility. The facilities are guaranteed by substantially all of Black Knight’s wholly owned domestic restricted subsidiaries and Black Knight Financial Services, LLC, the direct parent company of Black Knight, and are secured by substantially all of Black Knight’s assets and the assets of the guarantors. The facilities were entered into in connection with the initial public offering by Black Knight Financial Services, Inc., the indirect parent company of Black Knight, and the proceeds were used in part to repay certain outstanding debt and for general corporate purposes. More >>
Tags: New York | Washington
Freshfields advises on Hutchison Whampoa and Cheung Kong Property on US$24bn reorganisation and spin-off
International law firm Freshfields Bruckhaus Deringer has advised Hutchison Whampoa Limited (Hutchison) on its merger with CK Hutchison Holdings Limited (CKH Holdings) and Cheung Kong Property Holdings Limited (CK Property) on its spin-off and listing on the Hong Kong Stock Exchange by way of introduction. More >>
Tags: Freshfields LLP
Kirkland & Ellis Represents Building Materials Holding Corp. in $1.5B Merger with Stock Building Supply
Kirkland & Ellis LLP represents Building Materials Holding Corporation (BMC), which along with Stock Building Supply Holdings, Inc. (NASDAQ: STCK), announced today the signing of a definitive merger agreement under which the two companies will combine in an all-stock transaction. The combined company is expected to have an implied pro forma enterprise value of $1.5 billion based on Stock Building Supply’s closing price on June 2. The transaction will create a premier provider of lumber, diversified building products and construction services with over $2.7 billion in pro forma 2014 revenues and enhanced product and service offerings. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Washington
Loeb & Loeb Expands Los Angeles Real Estate Practice with Prominent Land Use Duo Allan Abshez and Elizabeth Camacho
Loeb & Loeb LLP announced today that leading land use and development attorney Allan J. Abshez has joined the firm’s Los Angeles office as a partner, together with Elizabeth A. Camacho, who has joined as senior counsel. Abshez, who was named by the Daily Journal as one of California’s Top 50 Development, Land Use, and Municipal Infrastructure Lawyers in 2014, will serve as chair of Loeb’s Los Angeles Real Estate Department.
“Allan is one of the foremost authorities on California’s development law,” said Loeb & Loeb Deputy Chairman Mickey Mayerson. “His decision to join the firm validates our strategic commitment to further strengthening our west coast real estate platform with top-tier talent and reflects our strong reputation in the L.A. market. Allan and Elizabeth bring significant knowledge and experience that will broaden our service offering to an array of clients whose work constitutes some of the most noteworthy real estate ventures in the country.” More >>
Tags: Loeb & Loeb LLP | Los AngelesLoeb & Loeb Boosts Real Estate Practice with New Partner Christopher Barbaruolo in New York
Loeb & Loeb LLP announced today that attorney Christopher L. Barbaruolo has joined the firm’s New York office as a partner in the Real Estate Department.
“Chris is a dynamic attorney with remarkable breadth of experience across all areas of transactional real estate,” said Raymond A. Sanseverino, Chair of Loeb & Loeb’s Real Estate Department. “His skillset will be an excellent complement to our finance, sales and acquisitions, and leasing teams in New York and nationwide, further enhancing the sophisticated level of service that we provide to clients throughout the deal making process.” More >>
Tags: Loeb & Loeb LLP | New York
Weil Advises Intel Corporation in its $16.7 Billion Acquisition of Altera Corporation
Weil is advising Intel Corporation in its definitive agreement to acquire Altera Corporation in an all-cash transaction valued at approximately $16.7 billion. The deal will integrate Intel’s leading-edge products and manufacturing process with Altera’s field-programmable gate array technology, enabling new classes of products in the data center and Internet of Things market segments. As part of the transaction, Altera will become an Intel business unit to facilitate continuity of existing and new customer sales and support. The deal is subject to customary closing conditions. More >>
Tags: Weil, Gotshal & Manges, LLP | New York | Silicon Valley | WashingtonFirm Advises on Financing of Avago’s $37 Billion Acquisition of Broadcom
Simpson Thacher is representing Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Barclays Bank PLC and Citigroup Global Markets Inc. as lead arrangers with respect to a new committed debt financing for Avago, in connection with its announced $37 billion acquisition of Broadcom Corporation. More >>
Tags: New York
Cozen O’Connor Combines with Meckler Bulger Tilson
Cozen O’Connor and Chicago-based Meckler Bulger Tilson (MBT) are pleased to announce that, effective June 1, 2015, 58 attorneys formerly of MBT have joined Cozen O’Connor. The MBT lawyers bring significant litigation strength in labor and employment, complex insurance coverage, commercial litigation, and white collar defense and government investigations augmenting Cozen O’Connor’s existing practices in those areas. The group from MBT also brings the country’s preeminent legal fee solutions business serving the financial services industry and corporate legal departments.
The completion of this transaction also strengthens Cozen O’Connor’s depth and breadth in Chicago and the Midwest with 60 attorneys now in Chicago, and an existing 12 attorneys in its Minneapolis office. The combination also establishes a presence for Cozen O’Connor in San Francisco with the addition of 15 attorneys from MBT. The new Bay Area office grows the firm’s California presence, which includes offices in San Diego and Los Angeles. More >>
Tags: Cozen O'Connor, P.C. | ChicagoEnergizer SpinCo, Inc. $600 Million Notes Offering
Davis Polk advised the joint book-running managers on a Rule 144A/Regulation S offering by Energizer SpinCo, Inc. of $600 million aggregate principal amount of its 5.500% senior notes due 2025. The offering is part of the financing for an anticipated spinoff of the household products business of Energizer Holdings, Inc. More >>
Tags: New York
Goodwin Advises Virtustream in $1.2 Billion Sale to EMC
Goodwin Procter attorneys advised Virtustream in its announced $1.2 billion sale to EMC Corporation. Virtustream is a cloud software and services company trusted by enterprises worldwide to migrate, run and manage mission-critical applications in the cloud. More >>
Tags: Goodwin Procter LLP | Boston