Cohen & Grigsby worked with client Bayer HealthCare to complete the company’s sale of its thrombectomy and atherectomy medical device businesses to Boston Scientific Corporation for $415 million. With this sale, Bayer HealthCare’s Medical Care division can concentrate on innovation and growth in Radiology and Diabetes Care, where the business already has a strong presence.
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Olshan is representing Alleghany Corporation in its $300 million public offering of 4.900% Senior Notes due September 15, 2044. BMO Capital Markets, Goldman, Sachs & Co., Morgan Stanley and US Bancorp are acting as joint book running managers for the public offering. Kenneth Silverman led the Olshan team that represents Alleghany, which included: Corporate: Yehuda Markovits, Kenneth Mantel and Marisa Lusthaus and Tax: Mark Limardo and Eric Homsi.
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Simpson Thacher represented Blackstone Energy Partners and its affiliates in a joint venture partnership with affiliates of Blue Water Energy to lead an initial investment of up to $500 million in Siccar Point Energy Limited, a new exploration, development and production company focused on the North Sea.
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Kirkland & Ellis LLP advised Thoma Bravo, which today announced that it has entered into a definitive agreement to acquire Compuware Corporation (CPWR), in a transaction valued at approximately $2.5 billion.
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Mayer Brown represented international chemical group Solvay in its acquisition of the Ryton® PPS (polyphenylene sulphide) business from US-based petrochemical company Chevron Phillips Chemical Company for $220 million. Ryton® PPS replaces metal parts to make cars lighter and more energy efficient. The transaction expands Solvay’s offering of high-performance polymers.
Tags: Mayer Brown LLP
Milbank, Tweed, Hadley & McCloy LLP announced that it has represented the dealer managers in a pair of private exchange offers conducted by Verizon Communications Inc., one of which is the largest debt exchange offer on record. The transactions allow Verizon to take advantage of the current low interest rates and low borrowing costs while also extending and spreading out the maturity of its debt.
Tags: Milbank LLP
Herbert Smith Freehills has acted as global counsel to a group of 13 lenders providing $450m of reserved-based funding to Oando Energy Resources Inc. (“Oando”). The financing helped secure Oando’s $1.65 billion acquisition of various Nigerian onshore and offshore oil and gas assets from ConocoPhillips, the most notable of these assets being a 20% stake in the OML 60, 61, 62 & 63 assets. Herbert Smith Freehills was also appointed as escrow agent to conclude the acquisition between Oando and ConocoPhillips.
Tags: Herbert Smith Freehills Kramer LLP
Jackson Lewis P.C., one of the largest workplace law firms in the world representing management, is pleased to announce Christopher J. Johnson has joined the firm’s Milwaukee office as Shareholder. Mr. Johnson, who joins the firm from Beck, Chaet, Bamberger & Polsky, S.C., brings with him over two decades of experience in employment and labor law.
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Morgan Lewis advised Buckeye Partners, L.P., a publicly traded master limited partnership that owns and operates one of the largest independent networks of liquid petroleum products pipelines and terminals in the U.S., in the signing of a definitive agreement to acquire an 80% interest for $860 million in a company that will be owned jointly with Trafigura AG.
Tags: Morgan, Lewis & Bockius LLP
Leading offshore law firm Mourant Ozannes has advised SNC-Lavalin Group Inc. on its takeover of FTSE 250 company Kentz Corporation Limited.
The takeover, which was implemented by way of a Jersey court sanctioned scheme of arrangement, valued Kentz at approximately £1.2 billion.
Tags: Mourant Ozannes