Hunton & Williams LLP advised Dynacast International in a $1.1 billion transaction in which Partners Group, a global private markets investment manager, will acquire a controlling stake in the firm. Dynacast is a global manufacturer of small, highly complex metal components. More >>
Tags: Hunton Andrews Kurth LLP | New York
Herbert Smith Freehills has advised oOh!media Limited (oOh!media) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values oOh!media at A$365.5 million at the offer price of A$1.93 per share.
oOh!media is Australia’s largest out of home media company and provides advertisers with access to a diverse range of audiences across its national portfolio of out of home advertising spaces throughout Australia and New Zealand. More >>
Tags: Herbert Smith Freehills Kramer LLP | Brisbane | Melbourne | Perth | Sydney
International law firm Freshfields Bruckhaus Deringer has advised Sateri Holdings on the disposal of its viscose staple fiber business in mainland China. More >>
Tags: Freshfields LLP | Hong Kong
Davis Polk is advising Dynacast International and its primary private equity owners, including Izurium Capital Management, W Capital Management and Laurel Crown Partners, in connection with the $1.1 billion acquisition of a controlling stake by Partners Group. The transaction has fully committed financing from JPMorgan Chase Bank, N.A., Barclays and Macquarie Capital, and is expected to close in February 2015. More >>
Tags: Davis Polk & Wardwell LLP | New York | Silicon Valley | Washington
Shearman & Sterling is advising ARX Holding Corp., the parent company of American Strategic Insurance Corp. (ASI), on the sale of a controlling position to The Progressive Corporation for approximately $875 million in cash.
The shares will be purchased primarily from non-management shareholders and will bring Progressive’s interest in the company to approximately 67%, up from the 5% interest it has held since 2012. ASI will continue to operate as a separate company under its current management team. The transaction is expected to close by April 1, 2015, subject to closing conditions. Additionally, Progressive expects to purchase the remaining shares of the company over the next six years. More >>
Tags: Shearman & Sterling LLP | New York
Paul Hastings LLP, a leading global law firm, represented the banks in connection with certain aspects of the financing of the $1.24 billion acquisition of DSS Group, Inc., the parent company of DS Services of America Inc., by Cott Corporation, one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors. Paul Hastings represented Barclays, Credit Suisse, JP Morgan, Bank of America and Deutsche Bank in connection with their commitments to provide debt financing in connection with the transaction. Paul Hastings also represented Barclays, as solicitation agent, in connection with the solicitation of consents by DS Services of America, Inc. from holders of DSS Group, Inc.’s 10.00% Second Priority Senior Secured Notes due 2021 related to certain amendments to the indenture governing such notes. More >>
Tags: Paul Hastings, LLP | New York
International law firm McDermott Will & Emery represented Olam International Limited in its pending acquisition of Archer Daniels Midland Company’s (ADM) global cocoa business. The US$1.3 billion transaction will establish Olam Cocoa as one of the world’s top three cocoa processors.
Based in Singapore and listed on the SGX-ST, Olam is a leading agri-business operating in 65 countries. Its Cocoa business is one of the world’s largest suppliers of sustainable cocoa and is a leader in long-term sustainability initiatives. More >>
Tags: DLA Piper | London
Goodwin Procter attorneys recently advised private equity firm Charlesbank Capital Partners on its completed acquisition of Varsity Brands, a portfolio of brands that promote student participation in academics and athletics. The transaction will help ensure that Varsity Brands has the capital structure, resources, and financial flexibility to build its presence while delivering on its mission to elevate school pride and student achievement. More >>
Tags: Goodwin Procter LLP | Boston | San FranciscoDavis Polk advised Ingram Micro Inc. on its SEC-registered debt offering of $500 million aggregate principal amount of notes due 2024. The offering was made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC. More >>
Tags: Davis Polk & Wardwell LLP | Silicon Valley
Cravath represented the underwriters, led by J.P. Morgan Securities, Goldman, Sachs & Co., Barclays and UBS Investment Bank, in connection with the US$1.1 billion registered offering of common shares and the US$2.875 billion registered offering of mandatory convertible securities of Fiat Chrysler Automobiles N.V., the seventh largest automaker in the world. The transactions closed on December 16, 2014. More >>
Tags: Cravath, Swaine & Moore LLP | New York