Milbank, Tweed, Hadley & McCloy have advised Dublin-based aircraft lessor, AWAS and its owners Terra Firma and Canada Pension Plan Investment Board (“CPPIB”) on an agreement to sell a portfolio of 90 aircraft to Macquarie Group Limited (ASX; MQG; ADR: MQBKY) for a total consideration of US$4 billion. The sale is expected to close within 12 months and is subject to customary closing conditions. More >>
Tags: Milbank LLP | London | New YorkThe Firm has represented Blackstone Capital Partners and CVC Capital Partners on the sale of their respective remaining stakes in Merlin Entertainments Plc (“Merlin”). The secondary offering, which was effected pursuant to a block trade by way of an accelerated book build, raised gross sale proceeds of approximately £653 million (US$1 billion). The sale was the last in a series of block trades which has seen Blackstone and CVC reduce their stakes in Merlin from approximately 21% and 12% respectively to zero since the time of Merlin’s IPO in November 2013, raising aggregate total gross sale proceeds of approximately £1.3 billion (US$2 billion). More >>
Tags: London
Dentons has advised L1 Energy, the market leading global oil and gas investment fund of the LetterOne Group advised by Pamplona Capital Management, in relation to the completion and shareholder funding of its acquisition of RWE Dea AG, the oil and gas unit of RWE AG, Germany’s largest power generator, for debt and equity consideration of US$5.7 billion. More >>
Tags: Dentons | London
Atsumi & Sakai has established an office in London, becoming the first Japanese firm to open its doors in the UK.
The London office, which operates under the name Atsumi & Sakai Europe Limited, advises clients on all aspects of Japanese law, with a focus on M&A, banking, capital markets and securities regulation.
Corporate partner Ryuichi Nozaki has relocated from Tokyo to head Atsumi & Sakai’s London office. He is supported by Tokyo-based senior partner Hiroki Mori, who oversees the firm’s European practice group in Japan. More >>
GFI Group Inc. and BGC Partners, Inc. announced on February 27 the successful completion of BGC’s tender offer for GFI shares. Willkie advised GFI Group in an agreement announced earlier this month with BGC Partners under which GFI’s board of directors unanimously agreed to support BGC’s tender offer for all of the outstanding shares of GFI common stock at $6.10 per share in cash. The deal is estimated to be valued at approximately $778 million. The agreement brings to a close a long, protracted takeover battle that began last summer. More >>
Tags: Willkie Farr & Gallagher LLP | London | New York | Washington
International law firm Berwin Leighton Paisner LLP (BLP) has today (25 February 2015) announced the appointment of real estate finance specialist, Daniyal Ansari, as Partner in its Real Estate Finance (REF) Group. He will join the firm on 4 March 2015.
Previously a partner in the London banking team at Eversheds LLP, Daniyal brings a broad range of real estate finance expertise including investment, development and complex structured debt. More >>
Tags: Berwin Leighton Paisner LLP | London
International law firm Freshfields Bruckhaus Deringer is advising Rexam, the UK-based international aluminium can manufacturer, on the cash and shares offer by US-based Ball Corporation valuing Rexam at £4.3bn. More >>
Tags: Freshfields LLP | London | New York | WashingtonDavis Polk is advising Greenhill as lead financial adviser to Ball Corporation on its £4.3 billion takeover of Rexam plc, to be effected by means of a scheme of arrangement. Under the terms of the offer, which is subject to both an antitrust pre-condition and customary offer conditions, Rexam shareholders will receive a mixture of cash and new shares in Ball Corporation. Following completion of the transaction, Rexam shareholders are expected to hold approximately 19% of the combined group. More >>
Tags: London | New York
Kirkland & Ellis has advised EMR Capital, a specialist mining private equity manager, which recently closed EMR Capital Resources Fund 1. The fund was oversubscribed and closed with aggregate capital commitments of US$450 million. The fund, which will make investments in global metals and mining companies and projects, accepted commitments from a broad mix of global institutional investors, including endowments, foundations, family offices and fund of funds. More >>
Tags: Kirkland & Ellis LLP | London | New York
Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Barclays Bank PLC and Citigroup Global Markets Limited as representatives of the several initial purchasers in connection with GTECH’s offering of $5.2 billion (equivalent) of temporary senior secured notes, comprising: $600 million aggregate principal amount of 5.625% senior secured notes due 2020, $1,500 million aggregate principal amount of 6.250% senior secured notes due 2022, $1,100 million aggregate principal amount of 6.500% senior secured notes due 2025, €700 million aggregate principal amount of 4.125% senior secured notes due 2020 and €850 million aggregate principal amount of 4.750% senior secured notes due 2023. More >>
Tags: Shearman & Sterling LLP | London