Mourant Ozannes advises on Pershing Square Holdings, Ltd US$3.07 billion IPO and US$6.2 billion market capitalisation

Wednesday, October 15, 2014

Leading offshore law firm Mourant Ozannes has advised Pershing Square Holdings, Ltd (PSH) on all Guernsey-related aspects of its conversion from an open-ended to a closed-ended registered fund, an upsized placing to raise gross proceeds of US$2.73 billion (excluding an over-allotment option of up to US$272 million or 10 per cent of the placing shares) and its listing and admission to trading of new public shares on the regulated market of Euronext Amsterdam NV Following the offering, PSH will have a market capitalisation of US$6.2 billion. More >>

Tags:  Mourant Ozannes | Guernsey | London

Nixon Peabody completes a major practice expansion in Chicago

Wednesday, October 15, 2014

Nixon Peabody is making a big move that significantly diversifies its services in Chicago. William Meyer, Jr., and Randolph Perkins have moved their corporate and litigation practices to Nixon Peabody from Schiff Hardin.

“Having the ability to provide a broader portfolio of services in Chicago is a key focus for our firm because many of our clients are based there,” said Andrew I. Glincher, CEO and managing partner of Nixon Peabody LLP. “Bill and Randy are innovative in their approach to client service, entrepreneurial in their thinking about their businesses, and team-oriented—all qualities that our firm and our clients value. They are a great fit with our focus on helping clients advance their legal and business strategies.” More >>

Tags:  Nixon Peabody LLP | Chicago

Simpson Thacher Represents Initial Purchasers in $1.1 Billion Debt Offering by Keysight Technologies, Inc.

Wednesday, October 15, 2014

Simpson Thacher represented the initial purchasers, led by Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the private placement of an aggregate principal amount of $500 million 3.300% Senior Notes due 2019 and $600 million 4.550% Senior Notes due 2024 by Keysight Technologies, Inc. in connection with its separation from its parent, Agilent Technologies, Inc. More >>

Tags:  Simpson Thacher & Bartlett LLP | Palo Alto | Silicon Valley

White & Case Advises Lead Managers on Kazakhstan’s US$2.5 Billion Sovereign Bond Issuance

Wednesday, October 15, 2014

Global law Firm White & Case LLP has advised Citigroup Global Markets Limited, J.P. Morgan Securities plc and HSBC Bank plc as Lead Managers on the establishment of the Republic of Kazakhstan’s US$10 billion Medium Term Note Programme and a subsequent US$2.5 billion issuance under it.

The issuance is the first by the Republic of Kazakhstan in 14 years and consists of a US$1.5 billion series of 3.875 percent Notes due 2024 and a US$1 billion series of 4.875 percent Notes due 2044. More >>

Tags:  White & Case LLP | Astana | London

Jones Day adds to Business and Tort Litigation Practice in California with arrival of four former prosecutors

Wednesday, October 15, 2014

The global law firm Jones Day has announced that four former prosecutors – including three Assistant U.S. Attorneys and a former Deputy District Attorney – have joined the Firm’s Business and Tort Litigation Practice in three different California offices. In San Diego, Truc Do and Peter Mazza have joined as partner and of counsel, respectively. In addition, Rasha Gerges Shields has joined Jones Day as a partner in Los Angeles and Cheryl O’Connor will join the firm on November 17 as a partner in Irvine. More >>

Tags:  Jones Day | Irvine | Los Angeles | San Diego

Dentons advises Atrium on €122 million Focus Mall acquisition

Wednesday, October 15, 2014

Dentons’ real estate team advised Atrium European Real Estate, a leading owner, operator and developer of shopping centers in Central and Eastern Europe, on the acquisition of the Focus Mall shopping center in Poland from Aviva Investors for €122 million. The transaction was financed using Atrium’s existing cash resources.

Focus Mall is currently the largest shopping center in Bydgoszcz, one of the ten largest Polish cities. Constructed in 2008 it comprises 41,000 sq.m. of retail space on two floors. It is nearly 100% let to anchor tenants, including a Saturn electronics store and a Cinema City, as well other high profile international and domestic retail fashion brands. More >>

Tags:  Dentons | Warsaw

Melrose Industries Announces Sale of its Bridon Division

Tuesday, October 14, 2014

Simpson Thatcher is representing Melrose Industries PLC, a UK-based FTSE 250 company, on the sale of Bridon Limited (“Bridon”) to Ontario Teachers’ Pension Plan Board for an enterprise value of £365 million, on a debt and cash-free basis, subject to customary adjustments.

Bridon designs and manufactures a comprehensive range of lifting and stabilising solutions for applications in wire rope, fibre rope, steel wire and strand. Bridon services global customers in the oil & gas, mining, industrial, marine and infrastructure sectors.

The sale was announced on October 11, 2014 and is conditional upon, amongst other things, obtaining anti‐trust clearances, and is targeted for completion during 2014.

The Simpson Thacher team for the transaction included Adam Signy, Tom Merrifield and Aled Knights (Corporate); Euan Gorrie and Manas Chandrashekar (Credit); and David Vann, Étienne Renaudeau and Tara Kelly (Competition-M&A ).

Tags:  London