AT&T announced it has entered into an agreement with Paul, Weiss client Grupo Salinas to acquire Mexican wireless company Iusacell for $2.5 billion, inclusive of Iusacell’s debt. Under the terms of the agreement, AT&T will acquire all of Iusacell’s wireless properties, including licenses, network assets, retail stores and approximately 8.6 million subscribers. The acquisition will occur after Grupo Salinas, owner of 50 percent of Iusacell, closes its announced purchase of the 50 percent of Iusacell that it does not already own. Subject to customary closing conditions and regulatory approval, the transaction is expected to close in the first quarter of 2015. More >>
Tags: New York | WashingtonHilton Worldwide Completes $2.6 Billion Secondary Offering
The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.6 billion secondary offering, consisting of 103,500,000 shares of common stock (including 13,500,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $25.00 per share. More >>
Tags: New York
Simpson Thacher Advises the Underwriters on Apple’s €2.8 Billion Euro-Denominated Bond Offering
Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank AG, London Branch, in connection with Apple Inc.’s first registered public offering of euro-denominated notes. Apple Inc. offered €1.4 billion aggregate principal amount of 1.000% notes due 2022 and €1.4 billion aggregate principal amount of 1.625% notes due 2026. The notes will be listed on the New York Stock Exchange. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple Inc.’s program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of short-term debt. More >>
Tags: Simpson Thacher & Bartlett LLP | Palo Alto
Kirkland & Ellis LLP Represents Wynnchurch Capital in Raising $1.2 Billion Fund
Kirkland & Ellis LLP represented Wynnchurch Capital in the raising of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P., which announced its final closing at $1.2 billion of limited partner commitments. The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Washington
Blank Rome Announces Opening of Fort Lauderdale Office
Blank Rome LLP is pleased to announce that it is expanding the Firm’s presence in Florida with the opening of a Fort Lauderdale office on November 17. Located at 500 East Broward Boulevard on the 21st floor, the office provides the Firm with accommodations for up to 20 attorneys. More >>
Tags: Blank Rome LLP | Fort Lauderdale
Cahill Represents Initial Purchasers in $900 Million Notes Offering by Fresenius Medical Care
Cahill represented Wells Fargo Securities, Citigroup, Deutsche Bank Securities, Scotiabank, HSBC, and SunTrust Robinson Humphrey as joint book-running managers and the co-managers in connection with the Rule 144A offering of $900,000,000 Senior Notes, comprised of $500,000,000 aggregate principal amount of 4.125% Senior Notes due 2020, and $400,000,000 aggregate principal amount of 4.75% Senior Notes due 2024 by Fresenius Medical Care US Finance II, Inc. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | London | New YorkBlackbird Technologies Acquired by Raytheon for $420 Million
Cooley advised Blackbird Technologies, Inc. in its acquisition by Raytheon for $420 million. Blackbird is a technology solutions provider solving challenges for customers in the defense, intelligence and law enforcement communities. Raytheon is a technology and innovation leader specializing in defense, security and civil markets throughout the world, providing state-of-the-art electronics, mission systems integration and other capabilities. More >>
Tags: Reston
Curtis Opens New Office in Rome
Curtis, Mallet-Prevost, Colt & Mosle LLP (“Curtis”) has announced the opening of the newest Curtis office in Rome, Italy. Rome becomes the 17th member of international law firm’s family.
Curtis’ chairman, George Kahale III, noted that “the needs of our clients in our growing Italian operations require that we have a strong presence in Rome in addition to Milan. We are pleased to meet that challenge with the addition of two distinguished Italian practitioners who will anchor the office and provide a base for additional growth.” More >>
Tags: Curtis, Mallet-Prevost, Colt & Mosle LLP | RomeSetterwalls advised WSP Global Inc in connection with USD 1.31 billion acquisition of Parsons Brinckerhoff
Setterwalls has advised WSP Global Inc in connection with its USD 1.31 billion acquisition of all of the issued and outstanding capital stock of the entities comprising the business of Parsons Brinckerhoff Group Inc., the professional services division of Balfour Beatty plc. Setterwalls were Swedish legal advisors to WSP in the transaction.
Setterwalls’ team comprised primarily Kristina Einarsson, Anders Grefberg, Kamilla Burman and Samuel Skybrand.
Tags: LondonSimpson Thacher Represents Hellman & Friedman in Raising $10.9 Billion Private Equity Fund
Simpson Thacher represented Hellman & Friedman in connection with the organization of Hellman & Friedman Capital Partners VIII, L.P., an approximately $10.9 billion private equity fund focused on making large-scale equity-related investments primarily in the U.S. and Europe. HFCP VIII, the largest in H&F’s history, was heavily oversubscribed. Hellman & Friedman, a San Francisco-based private equity investment firm, is a leading investor in a number of industries including software; internet, digital and traditional media; financial services; insurance; business, marketing and information services; energy and industrials; and healthcare. With the closing of HFCP VIII, H&F has raised over $35 billion of committed capital since forming its first partnership in 1987. More >>
Tags: Simpson Thacher & Bartlett LLP | Palo Alto