Herbert Smith Freehills advises ARRIS Group, Inc. on its £1.4 billion acquisition of Pace plc

International law firm Herbert Smith Freehills has advised US-listed ARRIS Group, Inc. a global innovator in IP, video and broadband technology, on its £1.4 billion takeover of Pace plc, a UK-based leading technology solutions provider in the PayTV and broadband service industries.

The deal will result in a new holding company for the combined group, which will be incorporated in the UK and listed on the NASDAQ stock exchange. The combined group is expected to have 2014 pro forma revenues of approximately US$8 billion and will employ more than 8,500 people globally in over 15 countries. More >>

Tags:  Herbert Smith Freehills Kramer LLP | London

Dechert Advises Wells Fargo on Deal with GE Capital Real Estate

Leading international law firm Dechert LLP advised Wells Fargo in relation to its agreement to purchase commercial real estate loans valued at US$9 billion in the United States, UK and Canada from GE Capital Real Estate as part of an overall transaction valued at approximately US$23 billion. Wells Fargo purchased performing first mortgage loans, and private equity firm Blackstone acquired US and European equity assets as well as first mortgage loans in Mexico, Australia and the US, with Wells Fargo providing financing for certain of Blackstone’s acquisitions. More >>

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Ropes & Gray Advises on Towergate Restructuring and Acquisition of Majority Stake by Unsecured Noteholders

Ropes & Gray has advised the ad hoc committee of holders of Towergate Finance plc’s New York law-governed 10.5% senior unsecured notes in connection with the restructuring of the Towergate Group’s c. £1.05bn debt obligations and related acquisition by senior unsecured noteholders of more than 80% of the equity of the restructured Group. The members of the ad hoc committee were Highbridge Principal Strategies, LLC, KKR Credit Advisors (US) LLC and Sankaty Advisors, LLC. Towergate is Europe’s largest independently owned insurance intermediary More >>

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Cadwalader Adds U.S. Attorney Anne Tompkins to its White Collar Defense and Investigations Practice

Cadwalader, Wickersham & Taft LLP (Cadwalader), a leading counselor to global corporations and financial institutions, today announced that Anne M. Tompkins, former U.S. Attorney for the Western District of North Carolina, will join the Firm as partner. She will work alongside Cadwalader’s White Collar Defense and Investigations Practice Chair Kenneth Wainstein, also a former U.S. Attorney, and his pre-eminent white collar team. More >>

Tags:  Cadwalader, Wickersham & Taft LLP | Charlotte | London

Dechert Advises Kofax Limited on US$1 Billion Sale to Lexmark International

Dechert LLP advised Kofax Limited on a merger agreement in which Lexmark will acquire Kofax. Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for US$11.00 per share in cash for a total enterprise value of approximately US$1 billion, net of cash acquired. The acquisition is expected to close in the second quarter of 2015 and is contingent on Kofax shareholder approval, applicable regulatory clearances and other customary closing conditions. More >>

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