Kirkland & Ellis Represents TriZetto in $2.7 Billion Sale to Cognizant Technology Solutions

Kirkland & Ellis LLP advises The TriZetto Corporation, a provider of world-class healthcare information technology and service solutions owned by Apax Partners, which announced today that it has agreed to sell its majority ownership stake of TriZetto to Cognizant Technology Solutions Corp. for $2.7 billion in cash. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the fourth quarter of 2014. The Kirkland team was led by corporate partners Leo Greenberg and Srinivas Kaushik and associate John Kupiec, and included tax partners Patrick Gallagher and Sara Zablotney, and tax and corporate associates Vin Thorn, Solomon Eskinazi and Laura Brockelman. More >>

Tags:  Kirkland & Ellis LLP | New York

TRW Automotive’s Proposed $13.5 Billion Sale to ZF

Simpson Thacher is representing TRW Automotive Holdings Corp. (NYSE: TRW) in connection with its proposed sale to ZF Friedrichshafen AG (“ZF”). Under the terms of the transaction, ZF will acquire all of the outstanding shares of TRW for $105.60 per share in an all-cash transaction valued at approximately $13.5 billion on an enterprise value basis. The transaction, which is expected to close in the first half of 2015, is subject to stockholder and regulatory approvals and other customary closing conditions. More >>

Tags:  New York

Cahill Represents Initial Purchasers in $1.2 Billion Notes Offering by 21st Century Fox

Cahill represented J.P. Morgan Securities as lead book-running manager and the other book-runners in connection with the Rule 144A offering of $600,000,000 aggregate principal amount of 3.7% Senior Notes due 2024 and $600,000,000 aggregate principal amount of 4.75% Senior Notes due 2044, by 21st Century Fox America, Inc., a subsidiary of Twenty-First Century Fox, Inc. Proceeds were used for general corporate purposes. More >>

Tags:  Cahill Gordon & Reindel LLP | New York

Province of Ontario $2 Billion Global Bond Offering

Davis Polk advised underwriters represented by Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. International plc and TD Securities (USA) LLC in connection with the offering of $2 billion aggregate principal amount of 2.5% bonds due September 10, 2021, issued by the Province of Ontario. More >>

Tags:  Ontario

Paul Hastings Advises China Rongsheng’s US$281 Million Acquisition in Kyrgyzstan Company

Paul Hastings, a leading global law firm, announced today that the firm advised China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng”) in relation to the acquisition of a 60% equity interest in Central Point Worldwide Inc. (“Central Point”) by its indirectly wholly-owned subsidiary, Ocean Sino Holdings Limited.

The consideration for the acquisition is HK$2.184 billion (US$281 million), which is satisfied by the allotment and issuance of 1,400,000,000 shares by China Rongsheng. More >>

Tags:  Paul Hastings, LLP | Hong Kong

Mayer Brown represents ArcelorMittal and Gerdau in $770M sale of Gallatin Steel Company to Nucor Corporation

Mayer Brown represented multinational steel manufacturing corporations ArcelorMittal and Gerdau in the sale of their respective 50% interests in Gallatin Steel Company to Nucor Corporation for $770 million. Kentucky-based Gallatin Steel Company is a flat rolled mini-mill that melts scrap, pig iron and hot briquetted iron from various sources and processes the material to produce flat rolled steel. More >>

Tags:  Mayer Brown LLP | Chicago

Milbank Acts on Highly Successful US$ Reopening of High Yield Notes for Philippine Property Developer

The international law firm Milbank, Tweed, Hadley & McCloy has recently advised on the successful reopening of notes by the Vista Land group. Milbank advised DBS Bank Ltd. (DBS), as international underwriter, on the US$125 million reopening of 7.45% Guaranteed Notes due 2019 (the Notes) by VLL International, Inc., a subsidiary of Vista Land & Lifescapes, Inc. (Vista Land), one of the largest residential property developers in the Philippines. The Notes were unconditionally guaranteed by Vista Land and other subsidiaries of the Vista Land group. More >>

Tags:  Milbank LLP | Hong Kong

Woods Oviatt Gilman to Open a Buffalo Office

Woods Oviatt Gilman LLP, one of Rochester, New York’s oldest and largest law firms, announced today that it is opening a Buffalo, New York office, effective October 6, 2014. The Firm also announced that four Buffalo based attorneys will be joining the Firm as partners, effective as of the same date. The attorneys include business litigator and debtor’s/creditor’s rights attorney and William F. Savino, private equity and corporate lawyer Christian J. Henrich, general business lawyer Anthony L. Eugeni, and business litigator, Brian D. Gwitt. All four attorneys were formally with the Buffalo firm, Damon & Morey, LLP, where Savino served as the Chairman of the Business Litigation and Insolvency practices and Henrich served as the Co-Chair of the Business and Corporate practice and Chair of the Private Equity practice. More >>

Tags:  Woods Oviatt Gilman LLP | Buffalo

Norton Rose Fulbright advises COFCO Land on HK$2 billion acquisitions of two real estate companies

Global legal practice Norton Rose Fulbright has advised COFCO Land Holdings Limited on its acquisitions of the minority interests in Jetway Developments and Yalong Development (HK) Company.

The aggregate consideration was approximately HK$2 billion which was satisfied by the issue and allotment of shares in COFCO Land to the respective sellers. More >>

Tags:  Norton Rose Fulbright | Hong Kong