A team from Clyde & Co in London and Dar es Salaam recently advised the Econet Wireless Group on three separate secured facilities totalling approximately USD 300 million.
The facilities are being provided by an Afreximbank led syndicate (including DEG, FMO, Proparco and Stanbic Zimbabwe), China Development Bank and Ericsson Credit AB.
Tags: Clyde & Co LLP
Paul Hastings LLP, a leading global firm, announced today that it advised OCEAN Holding GmbH on the acquisition of the Düsseldorfer Hypothekenbank AG, a major German mortgage bank, from the US investor Lone Star. Measured by total assets estimated at €12 billion, this is the largest German bank takeover since the financial crisis.
Tags: Paul Hastings, LLP
Simpson Thacher recently represented The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) in connection with its offering of an aggregate of 184.9 million shares of common stock, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥264 billion, which Dai-ichi Life plans to use to fund, in part, its approximately $5.7 billion cash acquisition of Protective Life Corporation, a U.S. life insurance group.
Tags: Simpson Thacher & Bartlett LLP
Skadden represented Houston-based independent power generator Dynegy Inc. in its $3.25 billion acquisition of EquiPower Resources Corp. and Brayton Point from private equity firm Energy Capital Partners.
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Davis Polk is advising Roche in connection with its $8.3 billion acquisition of InterMune, Inc. The closing of the transaction is expected to take place in 2014.
Tags: Davis Polk & Wardwell LLPHunton & Williams LLP advised Barclays Capital Inc. and KeyBanc Capital Markets Inc., as representatives of underwriters on an SEC-registered offering by Atlantic City Electric Company (“ACE”) of $150 million aggregate principal amount of its first mortgage bonds due 2024.
Vinson & Elkins advised Quantum Energy Partners in its partnership with Tug Hill, Inc. to acquire, develop and exploit conventional and unconventional oil and gas assets in certain North American basins. The Partnership will be supported by an initial $450 million equity commitment from Quantum and Tug Hill.
Tags: Vinson & Elkins LLP
Bracewell & Giuliani LLP is representing Duke Energy, the largest electric power holding company in the U.S., with the sale of its competitive Midwest generation business to Dynegy for $2.8 billion in cash. This transaction includes ownership interests in 11 power plants, principally fueled by coal or natural gas, and Duke Energy Retail Sales, the company’s competitive electric and gas retail business.
Tags: Bracewell LLP