Jenner & Block represented Brown Jordan International in financing matters related to Brown Jordan’s acquisition of Tropitone Furniture Co., Inc. Brown Jordan owns and operates companies that serve the indoor and outdoor furniture industries. The company offers a wide range of furniture products and accessories under various brands. The acquisition combines leading providers of outdoor casual furniture with the retail and hospitality markets into a company generating consolidated net sales of nearly $400 million. The combined company will be headquartered in Florida. News of the acquisition was reported in the Miami Herald and Furniture World, among other outlets. More >>
Tags: Miami
DLA Piper advises Blackstone on €275 million property aquisition
DLA Piper has advised Blackstone on the acquisition of a pan-European portfolio of 18 logistics assets from SEB Investment GmbH (‘SEB’), valued in excess of €275 million. The transaction is the most geographically diverse logistics portfolio to ever be sold in Europe.
The 18 property portfolio is spread across eight European countries: Austria; France; Germany; Hungary; the Netherlands; Norway; Spain and the United Kingdom. More >>
Tags: DLA Piper | Amsterdam | Vienna
Dentons advises the Government of Sharjah on its inaugural Sukuk
Dentons has advised the Government of Sharjah, acting through Sharjah Finance Department, on the issuance of US$750 million Trust Certificates due 2024 which completed on 17 September 2014. The Certificates were listed on the Irish Stock Exchange and on the Nasdaq Dubai and represented the Government’s first ever Sukuk issuance. More >>
Tags: Dentons | Dubai
Allen & Overy advises on Hong Kong’s inaugural sukuk issuance
Allen & Overy has advised HSBC and Standard Chartered Bank as joint global coordinators and bookrunners along with several other bookrunners and co-managers on the USD1 billion sukuk offering by The Government of the Hong Kong Special Administrative Region of the People’s Republic of China, the first Islamic bond issuance by the HKSAR Government. The AAA-rated 5-year trust certificates were offered in a combined Rule 144A/Regulation S transaction to institutional investors internationally. More >>
Tags: Allen & Overy LLP | Hong Kong
White & Case Advises on Innovative US$1.5 Billion Sukuk Issuance by the Republic of Indonesia
Global law firm White & Case LLP has advised the Joint Lead Managers on the issuance by the Republic of Indonesia of US$1.5 billion, 4.35 percent Sukuk due 2024.
“This transaction represents an important innovation in the way that sovereigns can issue Sukuk to fund public infrastructure development projects,” said UAE-based partner Shibeer Ahmed who, together with fellow Singapore-based partner, Kaya Proudian, led the White & Case team which advised on the issuance. “The reaction from the market demonstrates the strong investor interest in the Republic’s capital markets issuances.” More >>
Tags: White & Case LLP | Dubai | Singapore
Holland & Knight Represents Zeta Associates, Inc. in Its Acquisition by Lockheed Martin
Holland & Knight recently completed the sale of Zeta Associates, Inc. to Lockheed Martin. Zeta, which specializes in software technology that powers critical national security missions, is now a wholly owned subsidiary of Lockheed Martin’s Corporate Space Systems business area. More >>
Tags: Holland & Knight LLP | Tysons Corner
Linklaters advises on BSkyB’s £3.25bn Euro and Dollar denominated bonds to fund Sky Italia and Sky Deutschland acquisition
Linklaters has advised the managers on four tranches of bonds issued by BSkyB. Proceeds from the bonds will help finance its acquisition of Sky Italia and a majority stake in Sky Deutschland from 21st Century Fox.
The €1.5 billion bond with a 1.5% coupon due 2021 and the €1 billion bond with a coupon of 2.5% due 2026 were issued pursuant to the £10,000,000,000 Euro Medium Term Note Programme of British Sky Broadcasting Group plc and BSkyB Finance UK plc, unconditionally and irrevocably guaranteed by British Sky Broadcasting Group plc, BSkyB Finance UK plc, British Sky Broadcasting Limited, Sky Subscribers Services Limited and Sky In-Home Service Limited. In addition Linklaters advised the managers on a US$750 million bond with a coupon of 2.625% due 2019 and a US$1.25 billion bond with a coupon of 3.75% due 2024 sold into the United States. More >>
Tags: Linklaters LLP | London
Mayer Brown advises BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets on €825 million auto loan securitisation
Leading global law firm Mayer Brown has acted for BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets as Joint Lead Managers in the EUR 825 million (equivalent) Norwegian auto loan securitisation issued by Bilkreditt 6 Limited. More >>
Tags: Mayer Brown LLP | LondonProvidence Service Corporation Acquires Matrix Medical Network for $400 Million
Ropes & Gray advised Welsh, Carson, Anderson & Stowe and CCHN Group Holdings (Matrix Medical Network) in the sale of Matrix to Providence Service Corporation in a deal announced Sept. 18. Providence will acquire Matrix, a leading provider of in-home health assessments and care management services, for an aggregate purchase price of $400 million. More >>
Tags: New York
Shearman & Sterling Advises on Consolidated Communications Finance II Co.’s $200 Million Senior Notes Offering
Shearman & Sterling represented Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and RBS Securities Inc. as joint-lead and bookrunning managers in connection with a private placement of $200 million aggregate principal amount of 6.50% Senior Notes due 2022 of Consolidated Communications Finance II Co., a wholly-owned subsidiary of Consolidated Communications, Inc. (“CCI”), pursuant to Rule 144A and Regulation S. The proceeds from the offering will be used to fund CCI’s acquisition of Enventis Corporation. More >>
Tags: Shearman & Sterling LLP | Toronto