Cravath, Swaine & Moore and Davis Polk & Wardwell have advised on a $1.6 billion share sale by Mumbai-based HDFC Bank Ltd.
HDFC, one of India’s largest lenders, raised $1.3 billion by selling 22 million American depositary receipts in the U.S. and another $324 million in equity shares through a qualified institutional placement in India. The proceeds will be used to “fund growth and bolster reserves,” according to The Wall Street Journal. More >>
Tags: Cravath, Swaine & Moore LLP
Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc., as joint bookrunning managers, and Wells Fargo Securities, LLC, as senior co-manager, and The Williams Capital Group, L.P., as co-manager, in connection with Sprint Corporation’s registered offering of an aggregate principal amount of $1.5 billion of 7.625% Notes due 2025. More >>
Tags: Shearman & Sterling LLP | New York | TorontoInternational law firm Simmons & Simmons has advised Mainstream Renewable Power (‘Mainstream’) on its $1.9 billion US dollar joint venture in Africa with pan-emerging markets investor Actis.
The joint venture is 40% owned by Mainstream and 60% by Actis. The new platform, Lekela Power, is intended to deliver between 700 and 900 MW of wind and solar projects across the continent by 2018. More >>
Tags: Africa
Troutman Sanders LLP announced today plans to open an office in San Francisco, the firm’s fourth office on the West Coast since it first expanded into California in 2009. The office will officially open on April 1 in the Financial District at 580 California Street, where the firm has leased the entire eleventh floor.
“Our office in San Francisco will support our successful growth on the West Coast, and it will expand the robust work that we are already performing there for clients in our core practices of energy, finance, insurance, and intellectual property,” said Robert W. Webb, Jr., Chairman of Troutman Sanders. “In addition, as the United States business gateway to China, San Francisco will provide a unique and valuable link to our thriving offices in Beijing, Shanghai and Hong Kong to support and enhance the rapid growth of inbound and outbound work for our clients between our U.S. and China offices.” More >>
Tags: Troutman Pepper Hamilton Sanders LLP | San Francisco
Further adding to its growing corporate transactional practice in New York, Venable LLP announced that it added two top M&A attorneys, Philip T. von Mehren and Michele Maney. They join as partners in the firm’s New York office where Mr. von Mehren will co-chair the New York Corporate Group.
Mr. von Mehren and Ms. Maney join from Baker & McKenzie, where they were also partners. Earlier this month, Venable added cross-border transactional attorney Peter R. Sternberg as a partner in its New York office. More >>
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John J. Robinson and Cullen Guilmartin have joined the Connecticut office of Gordon & Rees LLP as partners and members of the firm’s Environmental and Toxic Tort Group, as well as its Products Liability and Insurance practices. Both were formerly with the Hartford office of McCarter & English, LLP. More >>
Tags: Gordon Rees Scully Mansukhani, LLP | Hartford
Following a series of recent lateral hires, Littler, the world’s largest employment and labor law practice representing management, has added Richard (Rick) M. Wallace as the newest member of its attorney ranks. Wallace joins the firm’s Morgantown, WV office as a shareholder and brings extensive labor and employment experience. Prior to joining Littler, he practiced in the Charleston, WV office of Spilman Thomas & Battle. More >>
Tags: Littler Mendelson P.C. | Morgantown
The attorneys and staff from Chicago complex commercial litigation boutique Grippo & Elden LLC will join Shook, Hardy & Bacon L.L.P., a nationally recognized, litigation-focused law firm, effective March 1, 2015.
Chicago is the fourth new city for Shook over the past three years: previous additions include Philadelphia (August 2012), Seattle (December 2013), and Denver (June 2014). Shook now has 13 office locations, two in Europe and 11 in the U.S.
Founded in Chicago in 1988, Grippo & Elden boasts significant business and commercial litigation experience, including antitrust, breach of contract, class actions, insurance coverage, employment and labor, fraud and fiduciary breach, intellectual property, internet and technology, post-closing disputes, and private equity. The firm has been widely recognized for excellence by Chambers USA and Best Law Firms/Best Lawyers®. Firm attorneys have earned membership in several prestigious, invitation-only organizations, including the American College of Trial Lawyers and Litigation Counsel of America. More >>
Tags: Shook, Hardy & Bacon LLP | ChicagoValeant Pharmaceuticals International, Inc. and Salix Pharmaceuticals, Ltd. announced they have entered into a definitive agreement for Valeant to acquire Salix for $14.5 billion. Willkie represented Centerview Partners, which served as a financial advisor to Salix, a leader in the gastrointestinal market. More >>
Tags: New York
Paul Hastings LLP, a leading global law firm, announced today that white collar defense lawyers Robert Luskin, Kwame Manley, and John S.(Jay) Darden, will be joining the Investigations and White Collar Defense practice within the Litigation practice as partners in the Washington, D.C. office. The team, known for its high-profile representations for global clients, was previously with Squire Patton Boggs.
Also joining with the team is highly regarded white collar defense lawyer Jamie Gardner, formerly Trial Chief for the Washington (DC) Public Defenders Service and a faculty member at Harvard Law School. More >>
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