Ropes & Gray Represents Cressey & Co. in Formation of New $615 Million Fund

Monday, December 8, 2014

Ropes & Gray advised Chicago- and Nashville-based Cressey & Company, a leading health care-focused private investment firm, in the formation of Cressey & Company Fund V, LP. Fund V, which closed with a combined $615 million in limited partner and general partner capital commitments, will focus on investing in premier platform businesses and accelerating growth organically and through acquisitions. The fund launched in July 2014; its closing was announced Dec. 8. More >>

Tags:  Ropes & Gray LLP | Boston

Debevoise Advises Protective Life Corporation in Sale to Dai-ichi Life Insurance Company for $5.7B

Monday, December 8, 2014

Debevoise & Plimpton LLP is advising Protective Life Corporation (“Protective”) in a definitive agreement under which Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) will acquire all outstanding shares of Protective for $70.00 per share in cash, or a total transaction value of approximately $5.7 billion. More >>

Tags:  Debevoise & Plimpton LLP | New York

Davis Polk Advises China Cinda Asset Management Co., Ltd. on Its US$230 Million Notes Offering

Monday, December 8, 2014

Davis Polk advised China Cinda Asset Management Co., Ltd. (China Cinda) in connection with a private placement of US$230 million Regulation S guaranteed senior notes issued by China Cinda’s wholly owned subsidiary, China Cinda Finance (2014) II Limited. The notes are guaranteed by China Cinda (HK) Holdings Company Limited, a wholly owned subsidiary of China Cinda, and are supported by a keepwell deed and a deed of equity interest purchase, investment and liquidity support undertaking from China Cinda. More >>

Tags:  Davis Polk & Wardwell LLP | Beijing | Hong Kong | London

Cahill Represents Underwriters in $225 Million Public Offering by Tenneco Inc.

Monday, December 8, 2014

Cahill represented Wells Fargo Securities, Citigroup, and Morgan Stanley as joint book-running managers, and the co-managers in connection with the public offering of $225,000,000 aggregate principal amount of 5.375% Senior Notes due 2024 by Tenneco Inc., one of the world’s leading manufacturers of clean air and ride performance products and systems for light vehicle, commercial truck and off-highway applications. Proceeds from the offering were used to repurchase Tenneco’s existing notes due 2018.

Tags:  Cahill Gordon & Reindel LLP | New York

Herbert Smith Freehills advises on Nepal’s second biggest ever foreign investment deal

Friday, December 5, 2014

Herbert Smith Freehills has advised the Investment Board of the Government of Nepal on its project development agreement (PDA) with Indian public sector undertaking SJVN Limited to develop the 900 megawatt, US$1.1 billion Arun-3 Hydro Electric Project (the Project). This agreement follows on from the firm advising the Government of Nepal on the US$1.4 billion Upper Karnali Hydro Power Project PDA earlier this year, which is Nepal’s biggest ever foreign investment deal. More >>

Tags:  Herbert Smith Freehills Kramer LLP | Brussels | London

DLA Piper advises Pfizer on $635 million acquisition from Baxter

Friday, December 5, 2014

DLA Piper has advised Pfizer on the US$635 million acquisition of commercial vaccines from Baxter, with the transaction closing successfully on 1 December 2014.

The deal included the meningitis prevention vaccine NeisVac-C and the well-known vaccine FSME-IMMUN/Ticovac. Furthermore, Pfizer acquired the production facility in Austria, where the two vaccines are manufactured. More >>

Tags:  DLA Piper | Vienna

Cahill Represents Underwriters in $700 Million Public Offering by Springleaf

Friday, December 5, 2014

Cahill represented BofA Merrill Lynch and Citigroup as joint book-running managers and Barclays, Credit Suisse, Morgan Stanley, and Jefferies as co-managers in connection with the public offering of $700,000,000 aggregate principal amount of 5.25% Senior Notes due 2019 by Springleaf Finance Corporation, a leading consumer finance company. Proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes.

Tags:  Cahill Gordon & Reindel LLP | New York