As reported in The Wall Street Journal, The New York Times and other media outlets, UBM plc announced that it has entered into a definitive agreement to acquire Paul, Weiss client Advanstar Communications for $972 million in cash. UBM is a U.K.-headquartered communications and events business. Advanstar operates 54 trade shows and over 100 conferences annually, including Magic Marketplace, the largest U.S. fashion trade show. The transaction, which is expected to close by year end, will make UBM the largest events business in the United States. More >>
Tags: New York
Shearman & Sterling Advises on Oesterreichische Kontrollbank’s $1 Billion Bond Offering
Shearman & Sterling represented Oesterreichische Kontrollbank (“OeKB”) in connection with OeKB’s public offering of $1 billion of its 2.375% Guaranteed Global Notes due 2021. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange. More >>
Tags: Shearman & Sterling LLP | Frankfurt
Jackson Walker Represents Pronto Insurance in Significant Investment by Palladium Equity Partners
Jackson Walker L.L.P. successfully represented Pronto General Agency, Ltd. and its affiliates (“Pronto Insurance”) in a significant investment by Palladium Equity Partners, LLC, a New York City-based private investment firm with over $2.5 billion in assets under management. More >>
Tags: Jackson Walker, LLP | Brownsville | New York
Davis Polk Advises Morgan Stanley on AUD 650 Million Senior Notes Offering
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of AUD 650 million aggregate principal amount of 5% fixed-rate senior registered notes due 2021. The underwriters were Morgan Stanley & Co. International plc, Australia and New Zealand Banking Group Limited, National Australia Bank Limited and Mitsubishi UFJ Securities International plc. More >>
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk Advises Morgan Stanley on €1.25 Billion Senior Notes Offering
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of €1.25 billion aggregate principal amount of 1.875% fixed-rate senior notes due 2023. The lead manager for the underwriters was Morgan Stanley & Co. International plc. More >>
Tags: Davis Polk & Wardwell LLP | New York
Fragomen Worldwide Continues Global Expansion, Opens New Office in Kenya
Fragomen Worldwide, the world’s leading immigration service provider exclusively devoted to immigration, has further expanded its global presence with the opening of a new office in Nairobi, Kenya.
“As is the case with our new office in Kenya, Fragomen has long been committed to providing on-the-ground service in key international markets that best support our clients’ business goals,” said Austin T. Fragomen, Chairman of the firm’s Executive Committee. “Since opening our first international office in Brussels, we have steadily increased our international reach based on our clients’ needs, and now serve clients in major markets throughout Africa, the Americas, Asia Pacific, Europe and the Middle East.” More >>
Tags: Fragomen, Del Rey, Bernsen & Loewy, LLP | Africa
Dentons advises Burgan Bank on US$500 million issuance
Dentons has advised Burgan Bank on the issuance of US$500 million Perpetual Tier 1 Capital Securities, which completed on 30 September 2014. The Capital Securities were listed on the Irish Stock Exchange and represented Kuwait’s first ever Basel III-compliant regulatory capital issuance. More >>
Tags: Dentons | DubaiJohnson & Johnson’s $1.75 Billion Acquisition of Alios BioPharma
Johnson & Johnson announced a definitive agreement to acquire Alios BioPharma, a privately held clinical stage biopharmaceutical company focused on developing therapies for viral diseases, for approximately $1.75 billion in cash. Cravath represented Johnson & Johnson in the transaction. The closing is subject to clearance under the Hart‑Scott‑Rodino Antitrust Improvements Act and other customary closing conditions. The transaction is expected to close during the fourth quarter of 2014. More >>
Tags: New YorkHorizon Pharma Acquires Vidara Therapeutics and Enters Five-Year $300 Million Term Loan Facility
Cooley LLP announced today that it advised Horizon Pharma, Inc. on the completion of its acquisition of Vidara Therapeutics International plc. In connection with the acquisition, Horizon and Vidara have combined to form parent company Horizon Pharma plc, which is incorporated in Ireland. Concurrently with the acquisition, Horizon entered into a five-year $300 million term loan facility and related uncommitted facilities. More >>
Tags: San Diego
Cahill Represents Citigroup in $611 Million Common Stock Offering by Envision
Cahill represented Citigroup as sole-underwriter in connection with the secondary public offering of 17,500,000 shares of common stock by certain selling shareholders of Envision Healthcare Holdings, Inc. (NYSE: EVHC) , resulting in gross proceeds of $611,975,000. More >>
Tags: Cahill Gordon & Reindel LLP | New York