Shearman & Sterling advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as joint lead arrangers and joint book runners, in connection with a $4 billion 364-day credit facility for The Procter & Gamble Company and some of its subsidiaries. The Shearman & Sterling team included partner Maura O’Sullivan (New York-Finance) and counsel Susan Hobart (New York-Finance).
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The Firm represented the underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by KKR portfolio company China Rundong Auto Group Limited (China Rundong Auto). China Rundong Auto offered an aggregate of 268,619,000 ordinary shares, which raised approximately HK$877.0 million (US$113.2 million) in gross proceeds. The ordinary shares of China Rundong Auto are listed on the Hong Kong Stock Exchange. Morgan Stanley and Merrill Lynch acted as joint sponsors, jointed global coordinators, joint bookrunners and joint lead managers; CCB International Capital Limited and Haitong International Securities Company Limited acted as joint bookrunners and joint lead managers; and KKR Capital Markets LLC acted as a co-lead manager.

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Willkie represents BofA Merrill Lynch as financial advisor to the Special Committee of the Board of Directors of Pike Corporation in the sale of the company to Court Square Capital Partners in partnership with J. Eric Pike.

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Linklaters has advised long-standing client Dairy Farm on its US$925m acquisition of 19.9% of Yonghui Superstores, a Shanghai-listed company with supermarket operations in Mainland China (“Yonghui”). This significant transaction adds to Linklaters’ impressive list of M&A transactions in China over the last 12 months such as advising Jardine Strategic on its acquisition of a 20% stake in Zhongsheng, The Carlyle Group, Yashili and Zhang International in connection with the US$1.62 billion voluntary general offer for Yashili by China Mengniu International Company Limited and most recently, Noble Group on the acquisition by COFCO and the establishment of an agribusiness joint venture.

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Paul Hastings LLP, a leading global law firm, announced today that it recently represented Credivalores-Crediservicios, S.A.S. in connection with its establishment of a Euro Commercial Paper Program for issuance of up to US$150 million of Euro commercial paper.  Credivalores completed its first issuance under the program shortly after the program was established. 
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Paul, Weiss client KPS Capital Partners, LP announced that it has signed a definitive agreement, through an affiliate, to sell portfolio company Waupaca Foundry, Inc. to Hitachi Metals, Ltd. for $1.3 billion in cash. Completion of the transaction, which is expected to close during the fourth quarter, is subject to customary closing conditions.

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Simpson Thacher recently represented Catalent, Inc., a portfolio company of The Blackstone Group L.P., in connection with its initial public offering of 42,500,000 shares of common stock at a public offering price of $20.50 per share. Catalent’s common stock began trading on the New York Stock Exchange under the ticker symbol “CTLT” on July 31, 2014. The underwriting syndicate was led by Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC. The offering raised approximately $871 million in gross proceeds. Catalent expects to use the net proceeds of the IPO to repay outstanding indebtedness.

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Shearman & Sterling advised the initial purchaser, Jefferies LLC, as sole book running manager, in connection with the private placement by Brundage-Bone Concrete Pumping, Inc. (“Brundage-Bone”) of $140 million aggregate principal amount of its 10.375% Senior Secured Notes due 2021. The net proceeds from the notes offering will be used to finance a portion of the consideration for the acquisition of Brundage-Bone by Concrete Pumping Intermediate Holdings, LLC, an indirect wholly owned subsidiary of PGP Investors, LLC, the sponsor, including the repayment of all existing indebtedness of Brundage-Bone.

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Transaction includes transfer of 29.9 million shares of Star Bulk common stock, and a $231 million secured bridge loan facility.

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