The Firm recently represented Barclays Capital Inc. (“Barclays”) as underwriter in connection with a registered public offering of 8,000,000 shares of common stock of Bright Horizons Family Solutions Inc. (“Bright Horizons”). Bright Horizons concurrently repurchased 4,500,000 of the shares from Barclays. A total of approximately $358.5 million in proceeds was raised in the offering. Affiliates of Bain Capital Partners, LLC and certain other selling stockholders received all of the proceeds from the offering. More >>
Tags: Simpson Thacher & Bartlett LLP | New YorkOnDeck Raises $200 Million in IPO, Valued at $1.3 Billion
On Deck Capital, Inc., a leading online platform for small business lending, priced its initial public offering at $20 per share on December 16, 2014, valuing the company at $1.3 billion – the largest venture-backed tech company IPO in New York based on market cap at pricing. The closing of the offering is expected to occur on December 22, 2014, subject to customary closing conditions. More >>
Tags: New York | San FranciscoHunton & Williams Advises Dynacast International in $1.1B Transaction
Hunton & Williams LLP advised Dynacast International in a $1.1 billion transaction in which Partners Group, a global private markets investment manager, will acquire a controlling stake in the firm. Dynacast is a global manufacturer of small, highly complex metal components. More >>
Tags: Hunton Andrews Kurth LLP | New YorkHerbert Smith Freehills advises on oOh!media IPO
Herbert Smith Freehills has advised oOh!media Limited (oOh!media) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values oOh!media at A$365.5 million at the offer price of A$1.93 per share.
oOh!media is Australia’s largest out of home media company and provides advertisers with access to a diverse range of audiences across its national portfolio of out of home advertising spaces throughout Australia and New Zealand. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Melbourne | Perth | SydneyFreshfields advises Sateri Holdings on US$591m asset disposal
International law firm Freshfields Bruckhaus Deringer has advised Sateri Holdings on the disposal of its viscose staple fiber business in mainland China. More >>
Tags: Freshfields Bruckhaus Deringer LLP | Hong KongDavis Polk Advises Dynacast on Its Acquisition by Partners Group
Davis Polk is advising Dynacast International and its primary private equity owners, including Izurium Capital Management, W Capital Management and Laurel Crown Partners, in connection with the $1.1 billion acquisition of a controlling stake by Partners Group. The transaction has fully committed financing from JPMorgan Chase Bank, N.A., Barclays and Macquarie Capital, and is expected to close in February 2015. More >>
Tags: Davis Polk & Wardwell LLP | New York | Silicon Valley | WashingtonShearman & Sterling Advises ARX on Acquisition of Controlling Interest by The Progressive Corporation
Shearman & Sterling is advising ARX Holding Corp., the parent company of American Strategic Insurance Corp. (ASI), on the sale of a controlling position to The Progressive Corporation for approximately $875 million in cash.
The shares will be purchased primarily from non-management shareholders and will bring Progressive’s interest in the company to approximately 67%, up from the 5% interest it has held since 2012. ASI will continue to operate as a separate company under its current management team. The transaction is expected to close by April 1, 2015, subject to closing conditions. Additionally, Progressive expects to purchase the remaining shares of the company over the next six years. More >>
Tags: Shearman & Sterling LLP | New YorkPaul Hastings Advises Banks in Financing the $1.24 billion Acquisition of DSS Group, Inc. by Cott Corporation
Paul Hastings LLP, a leading global law firm, represented the banks in connection with certain aspects of the financing of the $1.24 billion acquisition of DSS Group, Inc., the parent company of DS Services of America Inc., by Cott Corporation, one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors. Paul Hastings represented Barclays, Credit Suisse, JP Morgan, Bank of America and Deutsche Bank in connection with their commitments to provide debt financing in connection with the transaction. Paul Hastings also represented Barclays, as solicitation agent, in connection with the solicitation of consents by DS Services of America, Inc. from holders of DSS Group, Inc.’s 10.00% Second Priority Senior Secured Notes due 2021 related to certain amendments to the indenture governing such notes. More >>
Tags: Paul Hastings, LLP | New YorkMcDermott advises Olam International on its $1.3 billion acquisition of Archer Daniels Midland Company’s global cocoa business
International law firm McDermott Will & Emery represented Olam International Limited in its pending acquisition of Archer Daniels Midland Company’s (ADM) global cocoa business. The US$1.3 billion transaction will establish Olam Cocoa as one of the world’s top three cocoa processors.
Based in Singapore and listed on the SGX-ST, Olam is a leading agri-business operating in 65 countries. Its Cocoa business is one of the world’s largest suppliers of sustainable cocoa and is a leader in long-term sustainability initiatives. More >>
Tags: DLA Piper | LondonGoodwin Procter Advises Charlesbank on Acquisition of Varsity Brands
Goodwin Procter attorneys recently advised private equity firm Charlesbank Capital Partners on its completed acquisition of Varsity Brands, a portfolio of brands that promote student participation in academics and athletics. The transaction will help ensure that Varsity Brands has the capital structure, resources, and financial flexibility to build its presence while delivering on its mission to elevate school pride and student achievement. More >>
Tags: Goodwin Procter LLP | Boston | San Francisco