Simpson Thacher is representing NewStar Financial in connection with an investment by three Franklin Square business development companies (which are advised by GSO Capital) in $300 million of NewStar subordinated notes and warrants to purchase approximately 20% of NewStar’s common stock. The transaction is scheduled to close in stages, beginning at the end of this year and continuing through 2015. Issuance of a portion of the warrants is subject to approval by NewStar’s stockholders at a special meeting expected to be held within the next few months. More >>
Tags: New York
Goodwin Advises Hampden Bancorp in Merger with Berkshire Hills Bancorp
Goodwin Procter recently advised Hampden Bancorp, Inc. in connection with the signing of a definitive agreement pursuant to which Berkshire Hills Bancorp, Inc. will acquire Hampden. The transaction, valued at approximately $109 million, is expected to close in the second quarter of 2015. Under the terms of the merger agreement, shares of Hampden common stock will be exchanged for .81 shares of Berkshire Hills common stock. Berkshire Hill’s total assets will increase to $7.1 billion, including $706 million of assets acquired from Hampden Bank. More >>
Tags: Goodwin Procter LLP | Boston
Freshfields advises on the sale of Columbus International Inc to Cable & Wireless Communications plc
Leading international law firm Freshfields Bruckhaus Deringer is advising Columbus International Inc and its shareholders on the sale of Columbus to Cable & Wireless Communications plc.
Columbus is a privately-owned diversified telecommunications company with operations in the Caribbean, Central America and the Andean region.
Cable & Wireless has agreed to pay approximately USD1.85bn for Columbus and will also assume Columbus’s existing net debt of approximately USD1.17bn. The consideration will be settled through the payment of cash and the issue of new ordinary shares in Cable & Wireless to certain Columbus shareholders. Completion is expected to take place in Q1 of 2015 and is conditional on certain regulatory approvals as well as Cable & Wireless shareholder approval. More >>
Tags: Freshfields LLP
Eversheds advises New World China Land on establishment of US$1.5 billion MTN Programme and first issuance of US$900 million under the Programme
Law firm Eversheds has advised New World China Land Limited (NWCL) on the establishment of its US$1.5 billion Medium Term Note Programme and its first issuance under the Programme. More >>
Tags: Eversheds Sutherland | Hong Kong
Willkie Launches Houston Office
Willkie Farr & Gallagher LLP today announced that it is opening an office in Houston, Texas. The office will be the New York firm’s first new domestic office opening in more than 30 years. Willkie has a substantial client base in Texas including a number of the most highly regarded energy-related funds and most active industrial buyout firms in the region. This move furthers the firm’s strategy to combine the strengths of its existing relationships, the private equity, leveraged finance, M&A and capital markets skills of a traditional Wall Street firm and the talents of Houston-based attorneys specializing in energy and buyout transactions.
Launching the Houston office will be Willkie corporate partner Bruce Herzog, together with Michael Piazza, who joins from Bracewell & Giuliani LLP, and Angela Olivarez, who joins from Jones Day. More >>
Tags: Willkie Farr & Gallagher LLP | Houston
McDermott Advises Constellation Brands in $800 Million Notes Offering
International law firm McDermott Will & Emery LLP represented Constellation Brands, Inc., a leading beverage alcohol company, in its concurrent issuances on November 3, 2014 of $400 million aggregate principal amount of Senior Notes due 2019 and $400 million aggregate principal amount of Senior Notes due 2024 in a public offering under a shelf registration statement filed with the Securities and Exchange Commission. More >>
Tags: McDermott Will & Emery LLP | BostonHall Render Expands National Presence with New Offices in Denver and Philadelphia
Hall Render is growing its presence by expanding into the West and Northeast with the addition of offices in Denver and Philadelphia.
“This expansion is part of a larger objective to extend the firm’s national reach in providing legal counsel to the health care industry that is more locally accessible, comprehensive and reasonably priced,” said John Ryan, president of Hall Render. More >>
Tags: Denver | Philadelphia
Herbert Smith Freehills advises on Tata Motors US$750 million bond offering in Singapore
Herbert Smith Freehills has advised the joint lead managers and joint bookrunners on Tata Motors Limited’s US$750 million dual-tranche fixed rate bond offering. The deal represents the first bond offering by an Indian corporate to take advantage of the new 5% withholding tax on foreign currency bond issuances by Indian entities. More >>
Tags: Herbert Smith Freehills Kramer LLP | Hong Kong | SingaporeChina Travel Service (Holdings) Hong Kong Limited US$300 Million 3.875% Guaranteed Notes and US$700 Million 5.625% Guaranteed Notes Offering
Davis Polk advised The Hongkong and Shanghai Banking Corporation Limited, UBS AG, Hong Kong Branch, CCB International Capital Limited, ABCI Capital Limited, Industrial and Commercial Bank of China (Asia) Limited and J.P. Morgan Securities plc as joint bookrunners and joint lead managers in connection with the Regulation S only offering by King Power Capital Ltd. (“Issuer”) of its US$300 million 3.875% guaranteed notes due 2019 and US$700 million 5.625% guaranteed notes due 2024 (“Notes”). The Notes are unconditionally and irrevocably guaranteed by China Travel Service (Holdings) Hong Kong Limited (香港中旅(集團)有限公司)(“Guarantor”). The Issuer is a wholly owned subsidiary of the Guarantor. More >>
Tags: Hong Kong
Sapient’s $3.7 Billion Acquisition by Publicis Groupe
Publicis Groupe and Sapient announced that they have entered into a definitive agreement under which Publicis Groupe will acquire Sapient in an all‑cash transaction for $25.00 per share, or approximately $3.7 billion. Cravath represented Sapient in this transaction, which is expected to close in the first quarter of 2015, subject to the satisfaction of customary closing conditions and regulatory approvals. More >>
Tags: Cravath, Swaine & Moore LLP | New York