Kirkland & Ellis LLP advised Schrader International in its sale of the Schrader group of companies to Sensata Technologies B.V., a wholly owned indirect subsidiary of Sensata Technologies Holding N.V. (NYSE: ST), for a total enterprise value of $1.0 billion. Schrader is a global leader in tire pressure monitoring sensors and valves, and has been owned by long-term Kirkland client, Madison Dearborn Partners, LLC. The transaction is subject to regulatory approval and other customary approvals. It is expected to close not later than the fourth quarter of 2014. The Kirkland team was led by corporate partners Richard Campbell and Jon-Micheal Wheat. Both are based in Chicago.
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Mayer Brown advises Liberbank on €792 million combined equity offering
Leading global law firm Mayer Brown has advised Spain’s Liberbank on a combined offering consisting of a €317 million accelerated share sale and a €475 million rights offering.
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Simpson Thacher Represents the Underwriters in $750 Million Debt Offering by Berkshire Hathaway Inc. and $400 Million Debt Offering by Berkshire Hathaway Finance Corporation
The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of 2.100% Senior Notes due 2019 of Berkshire Hathaway Inc. (“Berkshire”) and the public offering of $400 million of Floating Rate Senior Notes due August 2017 of Berkshire Hathaway Finance Corporation (“BHFC”), which will be guaranteed by Berkshire. The offerings closed on August 14, 2014.
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Reed Smith advises on £430 million acquisition of a portfolio of three business parks
Global law firm Reed Smith has advised the Oaktree Capital Management and Patrizia joint venture on its acquisition of three MEPC business parks for £430 million from Hermes Real Estate. The business parks comprise: Chineham Park in Basingstoke, Birchwood Park in Warrington and Hillington Park in Glasgow.
Tags: Reed Smith LLPWFW advises Höegh LNG Partners LP on US$221 million IPO
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Höegh LNG Partners LP, a Marshall Islands limited partnership (“HMLP”), on its recently completed IPO on the New York Stock Exchange. HMLP raised US$220.8 million in gross proceeds in the IPO, selling approximately 11 million common units at US$20 each.
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Deal Note: Warburg Pincus Leads Equity Investment in Venari Resources LLC
Vinson & Elkins advised Warburg Pincus in connection with its lead equity investment in Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico. In Venari’s most recent equity financing, the company raised an additional $1.3 billion of equity commitments. To date, Venari has raised $2.4 billion of equity commitments from its investors.
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Gulfport Energy Advised by Akin Gump on $300 Million High Yield Deal
Akin Gump advised Gulfport Energy Corporation in an offering of $300 million aggregate principal amount of its 7.750 percent senior notes due 2020 at an issue price of 106 percent of the aggregate principal amount of the notes. The notes were sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.
Tags: Akin Gump Strauss Hauer & Feld LLPPaul Hastings Represents Banks in Financing the Acquisition of ValleyCrest by Brickman Group
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Jefferies Finance LLC, Macquarie Capital (USA) Inc., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and Nomura Securities International, Inc. as lead arrangers and joint bookrunners in connection with the financing for the acquisition of landscaping company ValleyCrest Holding Co. by KKR-backed landscaping company The Brickman Group Ltd.
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Paul Hastings Represents Underwriters in US$500 Million Guaranteed Bond Offering for Shanghai Electric
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Goldman Sachs (Asia) L.L.C., Deutsche Bank AG, Singapore Branch, J.P. Morgan Securities plc, Barclays Bank PLC, BNP Paribas, Hong Kong Branch, Guotai Junan Securities (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited and ICBC International Capital Limited as counsel to the joint lead managers and joint bookrunners in the issuance by Shanghai Electric Group Global Investment Limited of the US$500 million 3.000% guaranteed bonds due 2019 guaranteed by Shanghai Electric (Group) Corporation (“Shanghai Electric”). The bonds are listed on the Singapore Exchange.
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Simpson Thacher Represents Daiwa Capital and ING Bank in Connection with the Offering of US$120 Million Principal Amount of Credit Enhanced Currency Linked Zero Coupon Convertible Bonds by Neo Solar Power Corporation
Simpson Thacher recently represented Daiwa Capital Markets Hong Kong Limited and ING Bank N.V., Hong Kong Branch, in connection with the offering of US$120 million Credit Enhanced Currency Linked Zero Coupon Convertible Bonds (the “Bonds”) of Neo Solar Power Corporation (“Neo Solar”). Payments of the principal of and premium on the Bonds at maturity or upon redemption or repurchase will have the benefit of an irrevocable standby letter of credit issued by ING Bank N.V., acting through its Taipei Branch. The Bonds are listed on the Singapore Stock Exchange.
Tags: Simpson Thacher & Bartlett LLP