Akin Gump advised GE Capital on the $1.3 billion sale of more than 300 private equity, venture capital and other private fund interest to Ardian (formerly AXA Private Equity), in one of the largest secondary fund portfolio sales of the year. More >>
Tags: Akin Gump Strauss Hauer & Feld LLP | Washington
Allen & Overy today announces a significant investment in its Africa platform with the launch of an office in Johannesburg, South Africa. This makes Allen & Overy the first of the global elite law firms to establish a presence on the ground in South Africa.
The Johannesburg office will comprise a team of leading South African lawyers, led by partner Lionel Shawe and Michael Duncan, one of the City of London’s leading banking lawyers and former head of A&O’s banking practice, who will be relocating to Johannesburg. More >>
Tags: Allen & Overy LLP | JohannesburgCooley is advising Move, Inc. on its $950 million pending sale to News Corporation. The deal is the largest acquisition thus far for News Corp, according to The Wall Street Journal.
Move is a leading online real estate business that operates the real estate listings sites Realtor.com and Move.com. Publishing company News Corp owns The Wall Street Journal and Dow Jones Newswires. The acquisition is said to accelerate News Corp’s digital and global expansion by making online real estate a powerful component of its portfolio. More >>
Tags: Palo Alto | Silicon Valley
DLA Piper represented lululemon athletica inc., a company that creates yoga-inspired athletic apparel, in connection with a transaction through which Advent International, a global private equity firm, acquired a 14 percent stake in lululemon from Chip Wilson, the company’s founder, for US$845 million. More >>
Tags: DLA Piper | New York | Seattle
Goodwin Procter attorneys recently advised Gallus BioPharmaceuticals in its sale to DPx Holdings, parent company of Patheon, DSM Fine Chemicals and Banner Life Sciences. Goodwin also advised financial sponsor Ridgemont Equity Partners of Charlotte, N.C. and the senior management team of Gallus in the transaction. The transaction closed on September 29, 2014. More >>
Tags: Goodwin Procter LLP | Boston | WashingtonSimpson Thacher is representing Hilton Worldwide Holdings Inc. (“Hilton Worldwide”) in its announced agreement with Anbang Insurance Group Co. Ltd. (“Anbang”) to sell the Waldorf Astoria New York for $1.95 billion. Hilton Worldwide will be granted a management agreement by Anbang to continue to operate the property for the next 100 years. More >>
Tags: New York
A Weil team advised Goldman Sachs in providing $9.1 billion of fully committed bridge financing to Becton Dickinson & Co., a leading medical technology company, to finance its $12.2 billion acquisition of CareFusion Corp., a global healthcare company that provides products and services to hospitals. The transaction, which is expected to close in the first half of 2015, will create a global leader in medication management and patient safety solutions. More >>
Tags: Weil, Gotshal & Manges, LLP | New York | Washington
Global law firm White & Case LLP has advised the Abu Dhabi Water and Electricity Authority (ADWEA) on the successful financial close of the US$1.2 billion Mirfa Independent Water and Power Project.
“This transaction represents the tenth independent water/power project that White & Case has advised on for ADWEA, which began its power sector privatization in 1997,” said White & Case partner Michael Watson. “This is another important project for Abu Dhabi and demonstrates the continued success of the ADWEA privatization model.” More >>
Tags: White & Case LLP | Abu Dhabi
Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and other growth enterprises worldwide, is pleased to announce that the firm has opened a new office in Wilmington, Delaware. The Wilmington office will focus on key Delaware practices, including corporate law, corporate governance counseling, special committees, internal investigations, and litigation relating to mergers and acquisitions, governance, and securities matters. More >>
Tags: Wilson Sonsini Goodrich & Rosati | Wilmington