Skadden is advising the Permira funds in connection with Platform Specialty Products Corporation’s $3.51 billion acquisition of Arysta LifeScience Limited from a company backed by the Permira funds. The transaction was announced October 20.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP | Dublin
Law firm Eversheds has advised the management team of Paroc Group on its acquisition by CVC Capital Partners, for an Enterprise Value of approximately €700 million.
Headquartered in Helsinki, Paroc is the leading producer of stone wool insulation in the Nordic and Baltic regions, producing building insulation and technical insulation for the residential and commercial construction markets, as well as various industrial applications. The group has approximately 2,100 employees, a pan-European sales presence, supported by 9 production facilities in Finland, Sweden, Lithuania, Poland and Russia. More >>
Tags: Eversheds Sutherland | Helsinki
Goodwin Procter recently advised AeroCare Holdings Inc. in its announced all-stock merger with MergeWorthRx Corp. According to the terms of the agreement, AeroCare will become a public company upon completion of the transaction and its existing stockholders will own 53% of the post-merger company. The deal is expected to close in the fourth quarter of 2014. Additional information can be found in the MergeWorthRx press release. More >>
Tags: Goodwin Procter LLP | Boston | New York
McGuireWoods lawyers from the firm’s Houston and Chicago offices advised Tesoro Logistics LP in its $2.5 billion acquisition of QEP Resources Inc.’s natural gas pipeline and processing business, the latest in a series of major asset acquisitions McGuireWoods has negotiated for the Fortune 100 energy company.
Tesoro Logistics is an affiliate Tesoro Corp., which operates six petroleum refineries in the western United States with a combined capacity of more than 850,000 barrels per day. Its acquisition of QEP Field Services includes strategically located, high-quality natural gas pipelines and processing facilities in the Rockies, the Uinta Basin and North Dakota. The acquisition of QEP Field Services will enable Tesoro Logistics to offer integrated crude oil and natural gas services throughout its geographic footprint. The transaction is expected to close in the fourth quarter of 2014 and is subject to regulatory approval. More >>
Tags: McGuireWoods LLP | Chicago | Houston
Earlier today, The Williams Companies, Inc. (NYSE: WMB), Williams Partners L.P. (NYSE: WPZ) and Access Midstream Partners, L.P. (NYSE: ACMP) announced that Williams Partners and Access Midstream Partners have entered into a merger agreement to combine the two master limited partnerships in a transaction valued at approximately $50 billion. The merger would create a premier large-cap MLP with expected 2015 adjusted EBITDA of approximately $5 billion and expected 10% to 12% annual distribution growth through the 2017 guidance period. More >>
Tags: Baker Botts L.L.P. | Houston
The Firm recently represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and other underwriters in connection with a $500 million offering of debt securities by Wal-Mart Stores, Inc. The offering closed on October 22, 2014. More >>
Tags: Simpson Thacher & Bartlett LLP | New York
Hogan Lovells advised EuropaCorp, the French mini-major co-founded by Luc Besson, on its US$600 million credit facilities. More >>
Tags: Hogan Lovells | Los Angeles
International law firm Freshfields Bruckhaus Deringer has advised a consortium of underwriters on a rights issue and related finance facilities from Country Garden Holdings Company Limited. Country Garden is a Hong Kong listed company and one of the leading real estate developers in mainland China. More >>
Tags: Freshfields LLP | Hong Kong
Davis Polk advised PepsiCo, Inc. on its registered offering of $500 million aggregate principal amount of 4.25% senior notes due 2044. Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering. More >>
Tags: Davis Polk & Wardwell LLP | New York
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised ING Bank N.V. (“ING”) as sole bookrunner and facility agent for a syndicate of banks on a US$340 million loan facility made available to Euronav NV (“Euronav”).
The facility is comprised of a US$192m term loan facility and a revolving credit facility of up to US$148m. Euronav plans to use the funds to refinance four Suezmax tanker vessels, finance the acquisition of four very large crude carrier tankers from Maersk and for general corporate purposes. The ships financed under the facility are registered on Belgian, Greek and French flags. More >>
Tags: Watson Farley & Williams LLP | London