David Berg Joins Kramer Levin’s Corporate Transactions and Finance Team in New York

Kramer Levin Naftalis & Frankel LLP announced today that David S. Berg has joined the firm as a partner in the Corporate Department.

Mr. Berg focuses his practice on corporate and financial transactions, particularly mergers and acquisitions, divestitures, venture capital, private equity, private investment funds, joint ventures and other financing transactions for a wide variety of industries such as aviation, biotech, media, telecom, and forest and paper products. He has significant experience representing both sellers and buyers in domestic and cross-border transactions as well as distressed and special situation investments. He was formerly a partner in Arnold & Porter LLP’s Corporate and Securities Practice. More >>

Tags:  Kramer Levin Naftalis & Frankel LLP | New York

Black Knight’s $1.6 Billion Senior Secured Facilities

Davis Polk advised the administrative agent, in connection with $1.6 billion senior secured credit facilities for Black Knight InfoServ, LLC, comprised of an $800 million term loan A facility, a $400 million term loan B facility and a $400 million revolving credit facility. The facilities are guaranteed by substantially all of Black Knight’s wholly owned domestic restricted subsidiaries and Black Knight Financial Services, LLC, the direct parent company of Black Knight, and are secured by substantially all of Black Knight’s assets and the assets of the guarantors. The facilities were entered into in connection with the initial public offering by Black Knight Financial Services, Inc., the indirect parent company of Black Knight, and the proceeds were used in part to repay certain outstanding debt and for general corporate purposes. More >>

Tags:  New York | Washington

Kirkland & Ellis Represents Building Materials Holding Corp. in $1.5B Merger with Stock Building Supply

Kirkland & Ellis LLP represents Building Materials Holding Corporation (BMC), which along with Stock Building Supply Holdings, Inc. (NASDAQ: STCK), announced today the signing of a definitive merger agreement under which the two companies will combine in an all-stock transaction. The combined company is expected to have an implied pro forma enterprise value of $1.5 billion based on Stock Building Supply’s closing price on June 2. The transaction will create a premier provider of lumber, diversified building products and construction services with over $2.7 billion in pro forma 2014 revenues and enhanced product and service offerings. More >>

Tags:  Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Washington

Loeb & Loeb Boosts Real Estate Practice with New Partner Christopher Barbaruolo in New York

Loeb & Loeb LLP announced today that attorney Christopher L. Barbaruolo has joined the firm’s New York office as a partner in the Real Estate Department.

“Chris is a dynamic attorney with remarkable breadth of experience across all areas of transactional real estate,” said Raymond A. Sanseverino, Chair of Loeb & Loeb’s Real Estate Department. “His skillset will be an excellent complement to our finance, sales and acquisitions, and leasing teams in New York and nationwide, further enhancing the sophisticated level of service that we provide to clients throughout the deal making process.” More >>

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Weil Advises Intel Corporation in its $16.7 Billion Acquisition of Altera Corporation

Weil is advising Intel Corporation in its definitive agreement to acquire Altera Corporation in an all-cash transaction valued at approximately $16.7 billion. The deal will integrate Intel’s leading-edge products and manufacturing process with Altera’s field-programmable gate array technology, enabling new classes of products in the data center and Internet of Things market segments. As part of the transaction, Altera will become an Intel business unit to facilitate continuity of existing and new customer sales and support. The deal is subject to customary closing conditions. More >>

Tags:  Weil, Gotshal & Manges, LLP | New York | Silicon Valley | Washington

Firm Advises on Financing of Avago’s $37 Billion Acquisition of Broadcom

Simpson Thacher is representing Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Barclays Bank PLC and Citigroup Global Markets Inc. as lead arrangers with respect to a new committed debt financing for Avago, in connection with its announced $37 billion acquisition of Broadcom Corporation. More >>

Tags:  New York

Energizer SpinCo, Inc. $600 Million Notes Offering

Davis Polk advised the joint book-running managers on a Rule 144A/Regulation S offering by Energizer SpinCo, Inc. of $600 million aggregate principal amount of its 5.500% senior notes due 2025. The offering is part of the financing for an anticipated spinoff of the household products business of Energizer Holdings, Inc. More >>

Tags:  New York

Firm Advises on Financing of Avago’s $37 Billion Acquisition of Broadcom

Simpson Thacher is representing Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Barclays Bank PLC and Citigroup Global Markets Inc. as lead arrangers with respect to a new committed debt financing for Avago, in connection with its announced $37 billion acquisition of Broadcom Corporation. More >>

Tags:  New York

Sutherland Expands Insurance Litigation Practice in New York with Addition of Five Attorneys

Sutherland Asbill & Brennan LLP announced today that five attorneys have joined the firm’s Insurance Litigation Group in New York, expanding the firm’s service offerings in insurance class action defense and complex litigation. The new attorneys include Partners Michael R. Nelson and Kymberly Kochis, and their colleagues Veronica M. Wayner, Francis X. Nolan, IV and Alexander P. Fuchs. The group joins from the New York office of Nelson Levine de Luca & Hamilton (now Nelson Brown & Co.) where Mr. Nelson was chairman, Ms. Kochis was a partner and Ms. Wayner, Mr. Nolan and Mr. Fuchs were associates. The five attorneys bring extensive experience representing insurers worldwide in litigation, insurance regulatory investigations, reinsurance, antitrust, administrative hearings and compliance matters. More >>

Tags:  Eversheds Sutherland | New York

NII Holdings Completes $1.88 Billion Sale to AT&T

NII Holdings, Inc. announced it has completed the $1.88 billion sale of its Mexican operations to AT&T. Kramer Levin represents the Official Committee of Unsecured Creditors in NII’s ongoing bankruptcy case, one of the largest chapter 11 cases of 2014. This pivotal transaction, which is subject to customary post-closing adjustments, led to a revised plan support agreement with significantly increased plan value and distributions to all creditor classes and the support of more than 70 percent of the estate’s creditors. The chapter 11 plan, for which the Creditors’ Committee is a co-plan proponent, is scheduled for confirmation in June 2015 in the Southern District of New York. More >>

Tags:  New York