International law firm Freshfields Bruckhaus Deringer has advised CITIC Pacific on its acquisition of all of the issued share capital of CITIC Limited from mainland-based CITIC Group and its subsequent share placement to 27 professional and international investors for a total amount of US$6.8bn to settle part of the consideration of the acquisition.
Tags: Freshfields Bruckhaus Deringer LLPHunton & Williams LLP advised the underwriters in the sale of $400,000,000 Alabama Power Company 4.150% Senior Notes, due October 1, 2044.
Alabama Power provides electricity supply and service to 1.4 million homes, businesses and industries in the southern two-thirds of Alabama. It is one of four US utilities operated by Southern Company, one of the nation’s largest producers of electricity. Alabama Power is the second largest subsidiary of Southern Company, serving homes, businesses and industries in the southern two-thirds of Alabama. More than 78,000 miles of power lines carry electricity to customers throughout 44,500 square miles.
International law firm Milbank, Tweed, Hadley & McCloy LLP represented the joint bookrunners, Goldman Sachs International, UBS Investment Bank, Natixis and Société Générale on the €320 million offering of senior secured notes by HOLDIKKS S.A.S and the lenders under a €40 million super-senior secured revolving credit facility of IKKS Group.
Tags: Milbank LLPMunger, Tolles & Olson LLP is representing Berkshire Hathaway in a $3 billion commitment to finance the proposed merger between Burger King Worldwide Inc. and Tim Hortons Inc. announced Aug. 26, 2014.
Simpson Thacher is representing Japan’s Murata Manufacturing Co., Ltd. in its acquisition of the entire equity interest in NASDAQ-listed Peregrine Semiconductor Corp. Murata Electronics North America, Inc., a wholly-owned subsidiary of Murata, will acquire Peregrine for a transaction value of approximately US$465 million, or US$12.50 per share in cash. The transaction, which is subject to Peregrine’s stockholder approval, regulatory approvals and other customary closing conditions, is expected to close by the end of 2014 or early 2015.
Tags: Simpson Thacher & Bartlett LLP
Global law firm White & Case LLP has advised PointPark Properties (P3), the specialist owner, developer and manager of European logistics properties, on the €523 million acquisition of a Czech logistics portfolio from two funds controlled by Tristan Capital Partners and VGP.
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Herbert Smith Freehills is advising AGL on its A$1.505 billion acquisition of the assets of Macquarie Generation , including the 2,640MW Bayswater Power Station, the 2,000MW Liddell Power Station, the 50MW Hunter Valley Gas Turbine and the Liddell Solar Farm (MacGen Assets), and associated A$1.2 billion capital raising and A$350 million debt funding.
The MacGen Assets give AGL, one of Australia’s leading integrated energy companies that operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio, ownership of the lowest cost, large-scale baseload generators in NSW and increase AGL’s registered generation capacity in the National Electricity Market by approximately 82 percent to more than 10,400 MW.
Tags: Herbert Smith Freehills LLP
Amazon.com, Inc. (NASDAQ: AMZN) has announced that it has reached an agreement to acquire Twitch Interactive, Inc., the leading live video platform for gamers. Under the terms of the agreement, which has been approved by Twitch’s shareholders, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items. Subject to customary closing conditions, the acquisition is expected to close in the second half of 2014.
Tags: Latham & Watkins LLP
Global legal practice Norton Rose Fulbright has advised a syndicate of lenders on a US$600 million equivalent five-year club loan for Brightoil Petroleum (Holdings) Limited. The lenders were China Development Bank (Hong Kong branch), China Minsheng Bank (Hong Kong branch), China CITIC Bank International, China Merchants Bank (Hong Kong branch) and Wing Lung Bank.
Tags: Norton Rose FulbrightPaul, Weiss client Oak Hill Capital Partners announced that it has entered into a definitive agreement to acquire Berlin Packaging LLC, a leading supplier of rigid packaging products and services in North America, from Investcorp, in a transaction valued at $1.43 billion. Completion of the transaction, which is expected to close in the third quarter, is subject to customary closing conditions.
