Goodwin Procter attorneys recently advised PayChoice on its $157.8 million sale to Sage North America. The transaction is expected to close in October and is subject to customary closing conditions. More >>
Tags: Goodwin Procter LLP | New York
Ambit Biosciences to be Acquired by Daiichi Sankyo for $410 Million
Cooley is advising Ambit Biosciences on its agreement to be acquired by Daiichi Sankyo Company, Ltd. for approximately $315 million on a fully diluted basis. In addition to the upfront cash payment, each Ambit Biosciences stockholder will receive one Contingent Value Right (CVR), entitling the holder to receive an additional cash payment of up to $4.50 for each share they own if certain commercialization related milestones are achieved. The total transaction is valued at up to $410 million on a fully diluted basis. More >>
Tags: San Diego
Allen & Overy celebrates opening of Barcelona office
International law firm Allen & Overy formally celebrated the opening of its Barcelona offices yesterday evening at a private reception hosted by Wim Dejonghe, Global Managing Partner of Allen & Overy, for some 100 guests.
With Iberian headquarters in Madrid, Allen & Overy has been present in Spain for the past 23 years. The Barcelona office, which is Allen & Overy’s 44th office worldwide, brings the firm closer to its clients and bolsters its practice areas and presence both in Spain and across the global network. For Dejonghe, “We at Allen & Overy are convinced that the Spanish market offers opportunities for us to continue to grow at the rapid rate that we have been to date. This latest step allows us to anticipate our clients’ needs by identifying business channels in the local market, and to provide wider premium coverage for our global clients with interests in Spain”. More >>
Tags: Allen & Overy LLP | BarcelonaUBM to Acquire Advanstar for $972 Million
As reported in The Wall Street Journal, The New York Times and other media outlets, UBM plc announced that it has entered into a definitive agreement to acquire Paul, Weiss client Advanstar Communications for $972 million in cash. UBM is a U.K.-headquartered communications and events business. Advanstar operates 54 trade shows and over 100 conferences annually, including Magic Marketplace, the largest U.S. fashion trade show. The transaction, which is expected to close by year end, will make UBM the largest events business in the United States. More >>
Tags: New York
Shearman & Sterling Advises on Oesterreichische Kontrollbank’s $1 Billion Bond Offering
Shearman & Sterling represented Oesterreichische Kontrollbank (“OeKB”) in connection with OeKB’s public offering of $1 billion of its 2.375% Guaranteed Global Notes due 2021. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange. More >>
Tags: Shearman & Sterling LLP | Frankfurt
Jackson Walker Represents Pronto Insurance in Significant Investment by Palladium Equity Partners
Jackson Walker L.L.P. successfully represented Pronto General Agency, Ltd. and its affiliates (“Pronto Insurance”) in a significant investment by Palladium Equity Partners, LLC, a New York City-based private investment firm with over $2.5 billion in assets under management. More >>
Tags: Jackson Walker, LLP | Brownsville | New York
Davis Polk Advises Morgan Stanley on AUD 650 Million Senior Notes Offering
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of AUD 650 million aggregate principal amount of 5% fixed-rate senior registered notes due 2021. The underwriters were Morgan Stanley & Co. International plc, Australia and New Zealand Banking Group Limited, National Australia Bank Limited and Mitsubishi UFJ Securities International plc. More >>
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk Advises Morgan Stanley on €1.25 Billion Senior Notes Offering
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of €1.25 billion aggregate principal amount of 1.875% fixed-rate senior notes due 2023. The lead manager for the underwriters was Morgan Stanley & Co. International plc. More >>
Tags: Davis Polk & Wardwell LLP | New York
Fragomen Worldwide Continues Global Expansion, Opens New Office in Kenya
Fragomen Worldwide, the world’s leading immigration service provider exclusively devoted to immigration, has further expanded its global presence with the opening of a new office in Nairobi, Kenya.
“As is the case with our new office in Kenya, Fragomen has long been committed to providing on-the-ground service in key international markets that best support our clients’ business goals,” said Austin T. Fragomen, Chairman of the firm’s Executive Committee. “Since opening our first international office in Brussels, we have steadily increased our international reach based on our clients’ needs, and now serve clients in major markets throughout Africa, the Americas, Asia Pacific, Europe and the Middle East.” More >>
Tags: Fragomen, Del Rey, Bernsen & Loewy, LLP | Africa
Dentons advises Burgan Bank on US$500 million issuance
Dentons has advised Burgan Bank on the issuance of US$500 million Perpetual Tier 1 Capital Securities, which completed on 30 September 2014. The Capital Securities were listed on the Irish Stock Exchange and represented Kuwait’s first ever Basel III-compliant regulatory capital issuance. More >>
Tags: Dentons | Dubai