Herbert Smith Freehills advises on Nepal’s biggest ever foreign investment deal

Wednesday, September 24, 2014

Herbert Smith Freehills has advised the Investment Board of the Government of Nepal on its project development agreement (PDA) with a consortium led by Indian infrastructure company GMR (the GMR Group) to develop the 900 megawatt, US$1.4 billion hydroelectric Upper Karnali Hydro Power Project (the Project). The Project was awarded to the GMR Group through an international competitive bidding process in 2008 on a build-own-operate-transfer basis. More >>

Tags:  Herbert Smith Freehills LLP | London

Hunton & Williams Represents Carlyle Infrastructure Partners in $327M Park Water Company Sale

Wednesday, September 24, 2014

Hunton & Williams LLP advised Carlyle Infrastructure Partners in its $327 million sale of Western Water Holdings LLC, and its water distribution utility Park Water Company and its subsidiaries, to Liberty Utilities, the regulated utility business of Algonquin Power & Utilities Corp. Western Water Holdings is a wholly owned investment of Carlyle Infrastructure Partners, the infrastructure investment business of the Carlyle Group. Park Water Company owns and operates three regulated water utilities engaged in the production, treatment, storage, distribution, and sale of water in Southern California and Western Montana. More >>

Tags:  Hunton Andrews Kurth LLP | New York

Dresser-Rand Agrees to Sell to Siemens for Approximately $7.6 Billion

Tuesday, September 23, 2014

Dresser-Rand Group Inc. (“Dresser-Rand” or the “Company”) (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced yesterday that it has entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash.

The transaction is valued at approximately $7.6 billion, including the assumption of debt. The price represents a premium of 37.4 percent over Dresser-Rand’s closing share price of $60.42 on July 16, 2014, the day before speculation in the press appeared regarding interest in Dresser-Rand. Additional per share cash consideration of $0.55 shall be applied on the first day of each month starting March 1, 2015, until the closing occurs. More >>

Tags:  Washington

Paul Hastings Represents Banks in Financing Templar Energy’s Purchase of Granite Wash Assets from Newfield Exploration Co.

Tuesday, September 23, 2014

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets, Inc., Barclays, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and Natixis, New York Branch as lead arrangers and Citibank, N.A. as administrative agent in connection with a $550 million incremental add-on to Templar Energy LLC’s second lien credit facility. The proceeds were used primarily for the purchase of Granite Wash assets from Newfield Exploration Co. More >>

Tags:  Paul Hastings, LLP | New York

McCarter & English, SorinRand to Join Forces; Combined Law Firm Pre-Eminent in Technology and Venture Capital Communities

Monday, September 22, 2014

SorinRand, leading advisor to early stage and emerging growth companies in technology and tech-enabled industries and the investors who support them, is joining forces with McCarter & English. The transaction, which becomes effective October 1, will give the combined firm nine offices and approximately 425 attorneys. It will continue to be known as McCarter & English. More >>

Tags:  McCarter & English, LLP

Milbank Represents Underwriters in $956 Million EETC Offering by American Airlines

Monday, September 22, 2014

Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, Transportation and Space partners Hugh Robertson and Jim Pascale and Global Securities special counsel Kevin MacLeod, acted as US counsel to the underwriters in a public offering of $956 million aggregate face amount of enhanced equipment trust certificates (“EETCs”) by American Airlines, Inc. (“American”). More >>

Tags:  Milbank LLP | New York

Clyde & Co to establish fully integrated office in Saudi Arabia

Monday, September 22, 2014

Clyde & Co has obtained the formal approval from the authorities in the Kingdom of Saudi Arabia (KSA) that will enable it to open a fully integrated Clyde & Co office in Riyadh.

Clyde & Co has been providing advice and assistance to its clients in relation to their operations in Saudi Arabia via its associated law firm in Riyadh, Abdulaziz Al-Bosaily Law Office, since 2009. The move to a fully integrated Clyde & Co office is a major step forward for Clyde & Co in KSA providing a solid platform for further expansion of its KSA business. The firm will be only one of two global law firms operating in KSA to move away from the traditional associated office structure. More >>

Tags:  Clyde & Co LLP | Riyadh

Simpson Thacher Represents Pinnacle Foods and the Selling Stockholders in $478.5 Million Secondary Offering

Monday, September 22, 2014

The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and the selling stockholders, consisting primarily of certain funds affiliated with The Blackstone Group, L.P., in connection with a secondary offering of 15,000,000 shares of common stock of Pinnacle Foods by the selling stockholders for aggregate gross proceeds of approximately $478.5 million. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York