DLA Piper has advised Abengoa Greenfield S.A, a subsidiary of Abengoa, on the private placement of its inaugural green bonds that were issued on 30 September 2014. The deal comprised euro and dollar-denominated five-year tranches of €265 million and $300 million respectively. More >>
Tags: DLA Piper | LondonDavis Polk advised Morgan Stanley & Co. International plc, Rand Merchant Bank, a division of FirstRand Bank Limited and Renaissance Securities (Cyprus) Limited, as joint bookrunners, in connection with the ZAR 1.2 billion (US$110 million) initial offering of the ordinary shares of Rhodes Food Group Holdings Limited. The offering consisted of 92,750,000 shares at a price to investors of ZAR 12.00. In addition, the joint bookrunners have an over-allotment option with respect to 9,275,000 ordinary shares of Rhodes Food Group.
The offering consisted of an offer for subscription by Rhodes Food Group and an offer for sale by certain of its shareholders to institutional and other selected investors in South Africa. Selling shareholders in the offer included funds of Capitalworks, a South African private equity group that is Rhodes Food Group’s largest shareholder, as well as members of the company’s management. Rhodes Food Group’s shares are listed on JSE Limited under the symbol “RFG.” More >>
Tags: LondonMiller Nash LLP and Graham & Dunn PC announced today that they are combining to create the 160-attorney firm of Miller Nash Graham & Dunn LLP (MNG&D), effective January 1, 2015. The combined firm will have offices along the West Coast, offering clients expanded services and broadened capabilities.
“Combining our two firms increases our ability to serve the banking, business and public sectors and further enhances our already powerful litigation team—something that both firms have been focused on for a long time,” said Dennis Rawlinson, Partner and Firm Chair of Miller Nash. More >>
Tags: Seattle
Goodwin Procter attorneys recently advised PayChoice on its $157.8 million sale to Sage North America. The transaction is expected to close in October and is subject to customary closing conditions. More >>
Tags: Goodwin Procter LLP | New YorkCooley is advising Ambit Biosciences on its agreement to be acquired by Daiichi Sankyo Company, Ltd. for approximately $315 million on a fully diluted basis. In addition to the upfront cash payment, each Ambit Biosciences stockholder will receive one Contingent Value Right (CVR), entitling the holder to receive an additional cash payment of up to $4.50 for each share they own if certain commercialization related milestones are achieved. The total transaction is valued at up to $410 million on a fully diluted basis. More >>
Tags: San Diego
International law firm Allen & Overy formally celebrated the opening of its Barcelona offices yesterday evening at a private reception hosted by Wim Dejonghe, Global Managing Partner of Allen & Overy, for some 100 guests.
With Iberian headquarters in Madrid, Allen & Overy has been present in Spain for the past 23 years. The Barcelona office, which is Allen & Overy’s 44th office worldwide, brings the firm closer to its clients and bolsters its practice areas and presence both in Spain and across the global network. For Dejonghe, “We at Allen & Overy are convinced that the Spanish market offers opportunities for us to continue to grow at the rapid rate that we have been to date. This latest step allows us to anticipate our clients’ needs by identifying business channels in the local market, and to provide wider premium coverage for our global clients with interests in Spain”. More >>
Tags: Allen & Overy LLP | BarcelonaAs 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 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 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 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 York