Davis Polk is advising J.P. Morgan Securities as financial adviser to Trulia, Inc. in connection with its $3.5 billion acquisition by Zillow, Inc. The transaction, which has been approved by the boards of directors of both companies, is expected to close in 2015.
Osborne Clarke advises on LDC’s £127m Penn Pharma disposal
International law firm, Osborne Clarke has advised longstanding client LDC together with the Management Team on the sale of Penn Pharma in a transaction worth £127m.
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Paul Hastings Corporate Team Represents Equinox in Acquisition of Remaining Sports Club/LA Fitness Clubs
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Equinox, a sports and fitness club company, in acquiring assets from Millennium Partners for $110 million.
The purchased assets include the remaining Sports Club/LA fitness clubs in New York, San Francisco, Washington D.C., Boston and Miami, as well as the Reebok Sports Club/NY fitness club on the Upper West Side of Manhattan.
Tags: Paul Hastings, LLP | New York 
Simpson Thacher Represents Chilean Telecommunications Company, Entel, in US$800 million Offering of Senior Notes
The Firm recently represented Empresa Nacional de Telecomunicaciones S.A. (“Entel”), one of Chile’s largest telecommunications providers, in a Rule 144A / Regulation S offering of US$800 million of 4.750% Senior Notes due 2026. J.P. Morgan Securities LLC and Santander Investment Securities Inc. acted as representatives of the initial purchasers in the offering, which closed on July 22.
Tags: Simpson Thacher & Bartlett LLP 
Shearman & Sterling Advises CVS in its $1.25 Billion Financing
Shearman & Sterling advised CVS Caremark Corporation as borrower in connection with a $1.25 billion senior unsecured revolving credit facility arranged by The Bank of New York Mellon, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC.
Tags: Shearman & Sterling LLPAlexander Forbes Initial Shares Offering
Davis Polk advised Alexander Forbes Group Holdings Limited in connection with the ZAR 3.2 billion (US$310 million) initial offering of its ordinary shares. The offering consisted of 431,940,542 shares at a price to investors of ZAR 7.50. In addition, the joint bookrunners have an over-allotment option with respect to 64,791,081 ordinary shares of Alexander Forbes.
Cahill Represents Lead Arrangers in Amended & Restated Credit Facility for Caesars
Cahill represented Credit Suisse as administrative agent and Credit Suisse, Citigroup, Macquarie Capital, Deutsche Bank, BofA Merrill Lynch, and J.P. Morgan as lead arrangers in connection with the approximately $5.4 billion in amended and restated credit facilities for Caesars Entertainment Operating Company, Inc.
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Hogan Lovells Advises JX Nippon Oil & Gas Exploration Corporation in Joint Venture with NRG Energy to Build World’s Largest Post-Combustion Carbon Capture-Enhanced Oil Recovery Project
A Hogan Lovells cross-border, cross-practice team made up of lawyers from Denver, Houston, Washington, D.C., and Tokyo, advised JX Nippon Oil & Gas Exploration Corporation (“JX Nippon”) in its formation of a 50/50 joint venture company (“ the Company”) through its wholly owned subsidiary JX Nippon Oil Exploration (EOR) Limited1; and Petra Nova Holdings LLC, a wholly owned subsidiary of NRG Energy, Inc. (“NRG”).
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Frankfurt Office Advises Ardian on Acquisition of ADA Cosmetics
On July 24, Willkie client Ardian, a leading independent private investment company, announced that it has agreed to acquire ADA Cosmetics International GmbH from the Carlyle Group. ADA Cosmetics is Europe’s leading manufacturer of high-quality hotel cosmetics.
This is the eighth investment from Ardian’s Expansion Fund III, which closed in March 2014 at €500 million. The management of ADA Cosmetics has again taken a minority stake in the company as part of the transaction, which is subject to approval by the antitrust authorities. Working with Ardian, the management intends to grow the company across Europe, Asia and the Middle East.
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White & Case Advises Bank Syndicate on €1 Billion Loan to Prysmian
Global law firm White & Case LLP has advised a syndicate of banks led by ING Bank N.V. and including Banca IMI S.p.A., BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and UniCredit Bank AG, as Arrangers and Bookrunner Mandated Lead Arrangers, on a €1 billion revolving credit facility agreement granted to Prysmian, a manufacturer of energy and telecommunication cables and systems.
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