Cahill represented the sole book-running manager in connection with the secondary public offering by Nielsen Holdings N.V. (NYSE: NLSN), valued at $944,000,000. The offering made available 20,000,000 shares of common stock. The selling stockholders received all of the proceeds of the sale.
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On June 9, 2014, Eagle Bancorp, Inc. (“Eagle”) (NASDAQ: EGBN), the parent company of EagleBank (“EagleBank”), and Virginia Heritage Bank (“VHB”) (OTCQB: VGBK) announced that they have entered into a definitive agreement (the “Agreement”) pursuant to which VHB will be merged into EagleBank, with EagleBank being the surviving institution. The merger will accelerate Eagle’s growth with the addition of VHB’s 6 branches, which are all located in the attractive Northern Virginia market. At March 31, 2014, VHB had approximately $917.4 million in assets, $715.8 million in net loans and $737.1 million in deposits.
Appleby acted as Bermuda counsel to Energy XXI (Bermuda) Limited (“Energy XXI”) (Nasdaq:EXXI) (AIM:EXXI) in its USD2.2bn merger with EPL Oil & Gas, Inc. (“EPL”) (NYSE:EPL), a union that creates the only publically traded, pure-play oil and gas exploration company in the shallow water section of the U.S. Gulf of Mexico. The new enterprise has an enterprise value of USD6bn.
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Today, Biofuel Energy Corp. announced that it had entered into a definitive agreement with certain affiliates of Greenlight Capital, Inc. and James R. Brickman pursuant to which Biofuel will acquire the equity interests of JBGL Builder Finance LLC and certain subsidiaries of JBGL Capital, LP from Greenlight and Brickman. JBGL is a series of real estate entities involved in the purchase and development of land for residential purposes, construction lending and home building operations. JBGL is currently owned and controlled by Greenlight and Brickman.
Tags: Akin Gump Strauss Hauer & Feld LLP | New YorkNew York based securities law firm Sichenzia Ross Friedman Ference LLP announced that it has acted as counsel to NTS Inc. (NYSE MKT LLC: NTS) in a merger transaction valued at approximately $140.0 million where Tower Three Partners LLC, a leading operationally oriented private equity firm, acquired all the capital stock of NTS Inc. for $2.00 per share.
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Simpson Thacher is representing TPG Capital, Riverwood Capital and Aptina, Inc. in connection with the sale of Aptina, a global provider of imaging solutions, to an affiliate of ON Semiconductor Corporation (NASDAQ: ONNN) for approximately $400 million. The transaction is expected to close in the third quarter of 2014 and is subject to customary regulatory and other closing conditions.
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Global law firm White & Case LLP has advised the lenders on the US$1.3 billion refinancing of the Emirates Steel Industries (ESI) project in Abu Dhabi, United Arab Emirates.
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Cravath represented the initial purchasers, led by Morgan Stanley and Credit Suisse, in connection with the US$2.35 billion 144A/Reg. S high‑yield senior subordinated debt offering of TransDigm Inc., a leading global designer, producer and supplier of highly engineered aircraft components. The transaction closed on June 4, 2014.
The HFW team, led by Hong Kong Partner Patrick Yeung, advised Genting on the shipbuilding contract and related ECA-supported financing. London based Partner Elinor Dautlich and Senior Associate Alex Sayegh negotiated the shipbuilding contract, while Partner John Forrester and Associate Gudmund Bernitz (also London based) advised on the ECA-backed financing.
Tags: Holman Fenwick Willan LLP