Freshfields advises CVC Capital Partners on its £800 million acquisition of Sky Bet from Sky

International law firm Freshfields Bruckhaus Deringer has advised CVC Capital Partners on its agreement to acquire a controlling stake in Sky Betting & Gaming, the online betting and gaming business owned by Sky plc.
The transaction values Sky Bet at £800 million, with Sky receiving £600 million cash on completion, together with further deferred and contingent consideration. More >>

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Davis Polk Advises Israel Chemicals Ltd. on Its $800 Million Senior Notes Offering

Davis Polk advised Israel Chemicals Ltd. in connection with a Rule 144A/Regulation S offering of $800 million aggregate principal amount of its 4.500% senior notes due 2024. Barclays Capital Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. acted as joint book-running managers for the offering. More >>

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Shearman & Sterling Advises Managers in €3.1 Billion Re-IPO of Endesa

Shearman & Sterling advised managers Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities plc, Banco Bilbao Vizcaya Argentaria, S.A. and Banco Santander, S.A., as joint global coordinators and joint bookrunners, Goldman Sachs International, Morgan Stanley & Co. International plc and UBS Limited, as joint bookrunners, in connection with the €3.1 billion sale of shares in Endesa, S.A. by Enel Energy Europe, S.L.U. (a wholly-owned subsidiary of Enel S.p.A.). The offering is one of the largest equity offerings in Europe in 2014. More >>

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Dechert Advises on Two Major Debt Capital Markets Transactions in Kazakhstan

Dechert’s emerging markets team has advised on another two important capital markets transactions involving Kazakhstan issuers.

Dechert advised KazMunaiGaz Finance Sub B.V. (“KMG Finance”) and JSC National Company KazMunayGas (“KMG”), the largest oil & gas company in Kazakhstan, on the update of the US$10,500,000,000 Global Medium Term Note Programme established by KMG Finance and KMG and the issuances by KMG of US$500,000,000 4.875% Notes due 2025 (Series 8) and US$1,000,000,000 6.00% Notes due 2044 (Series 9) under the Programme. More >>

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Simpson Thacher Represents Underwriters in KfW Debt Offerings Totaling Approximately $47 Billion (Equivalent) in 2014 YTD

The Firm has represented underwriters in 12 public offerings of debt securities by KfW to date in 2014:
◦$5,000,000,000 of 2.500% Global Notes due 2024 (which closed in November 2014)
◦C$1,000,000,000 of 1.750% Global Notes due 2019 (which closed in October 2014);
◦$3,000,000,000 of 0.875% Global Notes due 2017 (which closed in October 2014);
◦€3,000,000,000 of 0.050% Global Bonds due 2017 (which closed in October 2014); More >>

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Clifford Chance advises DP World on proposed US$2.6 billion acquisition of Economic Zones World FZE and proposed delisting from the London Stock Exchange

Clifford Chance is advising DP World Limited (DP World) on the proposed acquisition of Economic Zones World FZE (EZW) from Port and Free Zone World FZE (PFZW) for total cash consideration of US$2.6 billion, subject to certain adjustments, and its proposed delisting from the London Stock Exchange.

EZW is the holding company for the Jebel Ali Free Zone, a 57 square kilometre modern commercial and industrial logistics park adjacent to DP World’s flagship Jebel Ali port in Dubai. The free zone is considered an integral component of the supply chain for DP World’s customers at the Jebel Ali port. More >>

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Eversheds advises US based Chemtura Corporation on $1 billion sale of its agrochemicals business

Law firm Eversheds has acted as international counsel to Chemtura on the sale of its agrochemicals business Chemtura AgroSolutions, to Platform Specialty Products Corporation, a global specialty chemicals company. The sale consists of $950 million in cash and 2 million shares of Platform’s common stock.

The sale, which is a result of Chemtura’s objective to transform the business into a leading industrial chemicals specialist, completed on 3 November 2014. More >>

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Clifford Chance advises Mitsubishi Corporation on its acquisition of Cermaq ASA

Leading international law firm Clifford Chance has advised Mitsubishi Corporation on its voluntary cash offer for the entire issued share capital of Cermaq ASA, a multinational fish farming group listed on the Oslo Stock Exchange. The acquisition, which is valued at approximately NOK8,880million (£838million) completed earlier in November. More >>

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