Clyde & Co opens fourth Australian office in Brisbane

Tuesday, October 28, 2014

Clyde & Co’s Australian presence has grown with the opening today in Brisbane of a fourth Australian office, with the lateral hire of three partners from Australian firm Sparke Helmore. The firm is looking to hire a further 20 lawyers in Brisbane this year which will boost the firm’s staff in Australia to over 100.

The team comprising Matthew Pokarier, Jacinta Long and Maxine Tills will focus on all classes of insurance (particularly professional, directors and officers’, product and general liability) as well as commercial litigation – with significant experience across the insurance, accounting, financial services, engineering, construction and corporate sectors. More >>

Tags:  Clyde & Co LLP | Brisbane

Eversheds advises management of Paroc Group on €700 million sale

Monday, October 27, 2014

Law firm Eversheds has advised the management team of Paroc Group on its acquisition by CVC Capital Partners, for an Enterprise Value of approximately €700 million.

Headquartered in Helsinki, Paroc is the leading producer of stone wool insulation in the Nordic and Baltic regions, producing building insulation and technical insulation for the residential and commercial construction markets, as well as various industrial applications. The group has approximately 2,100 employees, a pan-European sales presence, supported by 9 production facilities in Finland, Sweden, Lithuania, Poland and Russia. More >>

Tags:  Eversheds Sutherland | Helsinki

Goodwin Represents AeroCare in Merger with MergeWorthRx

Monday, October 27, 2014

Goodwin Procter recently advised AeroCare Holdings Inc. in its announced all-stock merger with MergeWorthRx Corp. According to the terms of the agreement, AeroCare will become a public company upon completion of the transaction and its existing stockholders will own 53% of the post-merger company. The deal is expected to close in the fourth quarter of 2014. Additional information can be found in the MergeWorthRx press release. More >>

Tags:  Goodwin Procter LLP | Boston | New York

McGuireWoods Advises Tesoro Logistics in $2.5 Billion Acquisition of QEP Resources’ Midstream Business

Monday, October 27, 2014

McGuireWoods lawyers from the firm’s Houston and Chicago offices advised Tesoro Logistics LP in its $2.5 billion acquisition of QEP Resources Inc.’s natural gas pipeline and processing business, the latest in a series of major asset acquisitions McGuireWoods has negotiated for the Fortune 100 energy company.

Tesoro Logistics is an affiliate Tesoro Corp., which operates six petroleum refineries in the western United States with a combined capacity of more than 850,000 barrels per day. Its acquisition of QEP Field Services includes strategically located, high-quality natural gas pipelines and processing facilities in the Rockies, the Uinta Basin and North Dakota. The acquisition of QEP Field Services will enable Tesoro Logistics to offer integrated crude oil and natural gas services throughout its geographic footprint. The transaction is expected to close in the fourth quarter of 2014 and is subject to regulatory approval. More >>

Tags:  McGuireWoods LLP | Chicago | Houston

Baker Botts Represents Williams Partners (WPZ) in $50 Billion Merger with Access Midstream Partners (ACMP)

Monday, October 27, 2014

Earlier today, The Williams Companies, Inc. (NYSE: WMB), Williams Partners L.P. (NYSE: WPZ) and Access Midstream Partners, L.P. (NYSE: ACMP) announced that Williams Partners and Access Midstream Partners have entered into a merger agreement to combine the two master limited partnerships in a transaction valued at approximately $50 billion. The merger would create a premier large-cap MLP with expected 2015 adjusted EBITDA of approximately $5 billion and expected 10% to 12% annual distribution growth through the 2017 guidance period. More >>

Tags:  Baker Botts L.L.P. | Houston

Simpson Thacher Represents Underwriters in $500 Million Debt Offering by Wal-Mart

Friday, October 24, 2014

The Firm recently represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and other underwriters in connection with a $500 million offering of debt securities by Wal-Mart Stores, Inc. The offering closed on October 22, 2014. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York