Davis Polk advised Ingram Micro Inc. on its SEC-registered debt offering of $500 million aggregate principal amount of notes due 2024. The offering was made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC. More >>
Tags: Davis Polk & Wardwell LLP | Silicon Valley
Cravath represented the underwriters, led by J.P. Morgan Securities, Goldman, Sachs & Co., Barclays and UBS Investment Bank, in connection with the US$1.1 billion registered offering of common shares and the US$2.875 billion registered offering of mandatory convertible securities of Fiat Chrysler Automobiles N.V., the seventh largest automaker in the world. The transactions closed on December 16, 2014. More >>
Tags: Cravath, Swaine & Moore LLP | New York
Cahill represented Citi as sole book-running manager in connection with the secondary public offering of 20,000,000 shares of common stock by Nielsen N.V. (NYSE: NLSN), resulting in gross proceeds of $857,600,000. The selling stockholders received all of the proceeds of the sale.
Tags: Cahill Gordon & Reindel LLP | New YorkDavis Polk is advising Credit Suisse Securities (Europe) Limited as sole sponsor and joint financial adviser to Imperial Tobacco Group PLC on its $7.1 billion acquisition of U.S. cigarette brands Winston, Maverick, Kool, Salem and U.S. and international e-cigarette blu, plus other assets, from Reynolds American Inc. as part of its $27.4 billion acquisition of Lorillard Inc. A circular seeking shareholder approval of the transaction was published by Imperial Tobacco on December 15, 2014. The transaction, which is expected to close in the first half of 2015, is subject to shareholder and certain regulatory approvals. More >>
Tags: London | New York
Leading international law firm Clifford Chance advised AEW Europe on a €820mn capital raising for LOGISTIS. This represents the largest equity raising to date for AEW Europe and brings the total equity of LOGISTIS to more than €1.3bn. The new equity has been raised from a number of leading institutional investors from Europe and Asia, including APG and PGGM among others. The capital raised exceeded the original equity target, with the five largest new investors committing in excess of €600mn in aggregate. Existing investors also increased their investment, committing a further €130mn in aggregate. More >>
Tags: Clifford Chance LLP | Luxembourg | Paris
Akin Gump has advised Banglalink Digital Communications Limited, a subsidiary of VimpelCom Ltd., on an innovative $300 million Rule 144A/Regulation S high-yield bond offering “first.” Banglalink issued $300 million Senior Notes due 2019, listed on the Singapore Exchange.
This groundbreaking transaction represents the first international bond offering from Bangladesh—there has never been a Bangladesh sovereign bond or corporate bond issue on the international capital markets before. More >>
Tags: Akin Gump Strauss Hauer & Feld LLP | LondonSimpson Thacher represented Riverwood Capital Partners in connection with the organization of Riverwood Capital Partners II, L.P., an approximately $1.25 billion private equity fund focused on making equity-related growth investments in middle-market companies, primarily in the technology and services industries, seeking capital to achieve growth and profitability on a global scale. More >>
Tags: Palo Alto
Shearman & Sterling acted as lenders’ counsel for the Pemex and GDF Suez consortium in connection with the approximately $890 million senior secured financing related to the development, construction, operation and maintenance of the Los Ramones Sur gas transportation system. The new system will be comprised of a new natural gas pipeline of approximately 291.5 km in length and 42 inches in diameter and approximately 15.5 km of 16 inch diameter pipeline to be located in central Mexico, commencing at the point of interconnection with the Los Ramones II (Norte) Project located in the Municipality of Villa Hidalgo in the State of San Luis Potosi and terminating at the interconnection point with the 36-inch diameter natural gas pipeline owned by PGPB located in the Municipality of Apaseo El Alto in the State of Guanajuato. More >>
Tags: Shearman & Sterling LLP | New York
Seyfarth Shaw LLP advised Puerto Rico Cable Acquisition Co., which does business as Choice Cable TV, in its sale to Liberty Global plc and Searchlight Capital Partners LP. The deal was valued at US $272.5 million. More >>
Tags: Seyfarth Shaw LLP | New York
Paul Hastings LLP, a leading global law firm, is representing the banks in connection with the financing of the $8.7 billion purchase of PetSmart, the largest specialty pet retailer of services and solutions for the lifetime needs of pets, by a consortium led by BC Partners. More >>
Tags: Paul Hastings, LLP | New York