Paul Hastings LLP, a leading global law firm, represented the banks in financing the acquisition of The Sleep Train, Inc. and its subsidiaries by Mattress Firm, a leading specialty retailer of mattresses and related products and accessories in the United States with over 1,500 stores in over 36 states. More >>
Tags: Paul Hastings, LLP | New York
Shearman & Sterling acted as counsel to the underwriters, represented by Credit Agricole Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, in connection with Atmos Energy’s offering of $500 million aggregate principal amount of 4.125% Senior Notes due 2044. More >>
Tags: Shearman & Sterling LLP | New York | Palo Alto
The Firm is representing Tesoro Logistics LP (“TLLP”) in connection with the committed financing for its announced acquisition of 100% of the outstanding equity interests of QEP Field Services, LLC (“QEPFS”), including up to $2.5 billion in senior unsecured bridge financing and a $900 million revolving credit facility. The bridge financing will be reduced by the amount of gross proceeds TLLP receives from a public offering of its common units and a private placement of its debt securities. More >>
Tags: Simpson Thacher & Bartlett LLP | Houston | New York
Weil is advising GLOBALFOUNDRIES in its agreement to acquire IBM’s global commercial semiconductor technology business, including intellectual property and technologists and technologies related to IBM Microelectronics. Following completion, GLOBALFOUNDRIES will also receive $1.5 billion cash over three years from IBM and will become IBM’s exclusive server processor semiconductor technology provider for 22nm, 14nm and 10nm semiconductors for the next 10 years. This acquisition will give GLOBALFOUNDRIES a substantial intellectual property portfolio containing thousands of patents, making it the holder of one of the largest semiconductor patent portfolios in the world. Completion of the transaction is subject to the satisfaction of regulatory requirements and customary closing conditions.
GLOBALFOUNDRIES is the world’s first full-service semiconductor foundry with a global manufacturing footprint, and is the second largest semiconductor foundry in the world. GLOBALFOUNDRIES is owned by Mubadala Development Company PJSC. IBM is a multinational technology and consulting corporation. More >>
In a noteworthy Asian aviation transaction, Milbank, Tweed, Hadley & McCloy LLP acted as international counsel to Indonesia-based Lion Group in its $1.2 billion purchase of 124 jet engines from aircraft engine maker CFM International. The deal includes development of a multimillion-dollar maintenance facility and implementation of a long-term engine parts and repair consultancy. More >>
Tags: Milbank LLP | Singapore
Davis Polk advised Greenland Global Investment Limited, a subsidiary of Greenland Holding Group Company Limited (“Greenland Holding”), in connection with the establishment of its US$3 billion medium-term note program and the issuance of US$500 million notes thereunder which are guaranteed by Greenland Holding. More >>
Tags: Davis Polk & Wardwell LLP | Hong Kong | LondonSimpson Thacher recently represented HCA Inc. in its high yield offering of $600 million aggregate principal amount of 4.25% Senior Secured Notes due 2019 and $1.4 billion aggregate principal amount of 5.25% Senior Secured Notes due 2025. HCA intends to use the net proceeds for the redemption of a series of its existing secured notes, for related fees and expenses and for general corporate purposes. More >>
Tags: New York
Orrick, Herrington & Sutcliffe LLP is pleased to announce the opening of an affiliated office in Abidjan, Cote d’Ivoire. The office, which is operating under the name Orrick RCI, will provide on the ground support for the firm’s market-leading practice assisting African and international clients in connection with investments in Western and Central Africa. More >>
Tags: Orrick, Herrington & Sutcliffe LLP | Africa
Littler, the world’s largest employment and labor law practice representing management, will combine with Peru’s leading labor and employment law boutique, Estudio Gonzalez & Asociados, effective November 1, 2014. Littler’s expansion into Peru is part of its global growth strategy that includes combining with leading firms in key international markets through Littler Global. More >>
Tags: Littler Mendelson P.C. | Lima
Goodwin Procter recently advised Boston Private Bank & Trust, a subsidiary of Boston Private Financial Holdings (NASDAQ: BPFH), on its acquisition of substantially all assets and assumption of certain liabilities of Banyan Partners, LLC, an independent wealth management and registered investment advisory firm. In the transaction, Banyan’s wealth management business was combined with Boston Private Bank’s wealth management and trust division to create a new wealth management company with approximately $9 billion in client assets. The new company is headquartered in Boston and has offices in seven key regions, including New England, Northern and Southern California, Florida, Texas and Wisconsin. More >>
Tags: Goodwin Procter LLP | Boston