Davis Polk advised IHS Inc. and certain of its subsidiaries in connection with a $1.3 billion unsecured revolving credit facility and $700 million unsecured term loan credit facility with Bank of America, N.A. as administrative agent and JPMorgan Chase Bank, N.A. as syndication agent. The facilities will be used for general corporate purposes. More >>
Tags: New YorkNewLink Genetics Signs $1 Billion Deal with Genentech for Cancer Drug Research and Development
Cooley advised NewLink Genetics Corporation in its negotiations with Genentech that resulted in an exclusive worldwide license agreement for the development of NLG919, NewLink’s cancer immunotherapy. The agreement also calls for NewLink and Genentech to engage in a research collaboration for the discovery of next generation IDO/TDO compounds, which represent potential breakthrough approaches to cancer therapy. More >>
Tags: Palo Alto
Clifford Chance advises UKAR on sale of mortgage portfolio for £2.7bn
International law firm Clifford Chance has advised UK Asset Resolution Limited (UKAR) on the sale of a portfolio of performing residential mortgage loans worth £2.7bn to a consortium made up of J.P. Morgan and British specialist lender Commercial First. More >>
Tags: Clifford Chance LLP | London
Porter Hedges Expands Energy Practice with New Office in Oklahoma City Led by Partner C. Ray Lees
Porter Hedges has expanded its energy practice with the opening of a new office in Oklahoma City led by partner C. Ray Lees. Mr. Lees’ practice focuses on upstream and midstream oil and gas transactions including mergers, acquisitions & divestitures, joint ventures, finance, and real estate. He joins Porter Hedges along with of counsel Kendra D. Streeter and associates John H. Edwards and David K. Gannaway. More >>
Tags: Porter Hedges LLP | Oklahoma City
Shearman & Sterling Advises Arrangers in $725 Million Acquisition Financing of Grocery Outlet by Hellman & Friedman
Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC as joint lead arrangers and joint bookrunners in connection with a $725 million financing, comprising of a $450 million first lien term loan facility, a $75 million revolving credit facility and a $200 million second lien term loan facility, related to the acquisition of Grocery Outlet Inc. by Hellman & Friedman LLC. More >>
Tags: Shearman & Sterling LLP | New York | Palo Alto
Stephenson Harwood advises on $2.5 billion development deal in Oman
International law firm Stephenson Harwood LLP has advised on a large scale real estate and tourism development project in Oman.
The Omagine project, which will cost approximately 2.5 billion US dollars to develop, was agreed with the Ministry of Tourism for the government of Oman and Omagine LLC. The project team from Stephenson Harwood’s Dubai office advised Omagine LLC, which will design, build, own and operate the mixed use ‘integrated tourism complex’ under a special royal decree which allows non-Omani citizens to buy and own real estate in Oman which is connected to a tourism development. The development agreement was signed on October 2, 2014. More >>
Tags: Stephenson Harwood | Dubai
Kirkland Advises Vista Equity Partners in Formation and Fundraising of Vista Equity Partners Fund V
Kirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York
Goodwin Procter Advises HubSpot on Initial Public Offering
Goodwin attorneys recently advised marketing and sales software company, HubSpot, on its initial public offering of 5,000,000 common shares. Shares priced at $25 per share and trading began on October 9 on the New York Stock Exchange under ticker “HUBS.” More >>
Tags: Goodwin Procter LLP | BostonCC advises Statoil on the US$2.25 billion disposal of its Shah Deniz interest to PETRONAS
Clifford Chance is advising the international energy company Statoil ASA (Statoil) on the disposal of Statoil’s interest in the Shah Deniz field, off shore Azerbaijan, to the Malaysian oil and gas company PETRONAS. The transaction value is US$2.25 billion. Closing is expected in early 2015 following approvals from the relevant authorities. More >>
Tags: Clifford Chance LLP | London
Paul Hastings Advises Banks on Financing Mattress Firm’s Purchase of The Sleep Train
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