Winston & Strawn Expands Corporate Practice with the Addition of Six Partners in New York and Washington, D.C.

Winston & Strawn LLP is pleased to announce that six partners have joined the firm across two offices. This latest acquisition underscores Winston’s commitment to expand its corporate practice to meet the evolving needs of its diverse clientele.

“We are placing an emphasis on strategically expanding our corporate practice in key markets including New York, Houston, London, Los Angeles, Silicon Valley, and Washington, D.C.,” said Tom Fitzgerald, Winston’s firmwide managing partner. More >>

Tags:  Winston & Strawn LLP | New York

Davis Polk Advises Verisk Analytics on Its Acquisition of Wood Mackenzie

Davis Polk is advising Verisk Analytics, Inc. in connection with its £1.850 billion (approximately $2.8 billion) acquisition of Wood Mackenzie from Hellman & Friedman and other Wood Mackenzie shareholders. The transaction is expected to close during the second quarter of 2015, subject to the completion of customary closing conditions, including receipt of regulatory approvals. More >>

Tags:  Davis Polk & Wardwell LLP | London | New York

Voya Financial, Inc. $1.4 Billion Block Trade

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. in connection with the SEC-registered secondary block trade of 32,018,100 shares of common stock of Voya Financial, Inc. (“Voya”). Total gross proceeds to ING Groep N.V., the selling stockholder in the offering, were $1.4 billion. Voya’s common stock is traded on the New York Stock Exchange under the symbol “VOYA.” More >>

Tags:  Menlo Park | New York

Sun Life Financial Announces Groundbreaking C$5 Billion Longevity Insurance Transaction with BCE

Willkie advises Sun Life Financial in transaction with BCE, Canada’s largest communications company.

Willkie recently advised Sun Life Financial in its C$5 billion longevity insurance transaction with BCE, Canada’s largest communications company. Under the terms of the longevity insurance agreement, the first of its kind in North America, the Bell Canada Pension Plan will pay monthly premiums to Sun Life in exchange for Sun Life making monthly pension payments into the plan for the lifetime of existing pensioners. BCE maintains full responsibility for the Bell Canada Pension Plan and related payments to pensioners. Sun Life will reinsure a portion of the longevity risk to RGA Canada and SCOR Global Life. More >>

Tags:  New York

Kirkland & Ellis Represents Madison Dearborn, Ikaria in $2.3B Sale to Mallinckrodt

Kirkland & Ellis LLP represented Madison Dearborn Partners and Ikaria, Inc., a privately held critical care company, which today announced that it has reached a definitive agreement with Mallinckrodt plc under which a subsidiary of Mallinckrodt will acquire Ikaria from a Madison Dearborn-led investor group in a transaction valued at approximately $2.3 billion. Mallinckrodt (NYSE: MNK), is a leading global specialty biopharmaceutical company. Subject to customary closing conditions, the parties expect the transaction to be completed early in the second calendar quarter of 2015.  More >>

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

Milbank Advises AWAS on US$4 Billion Sale of a Portfolio of 90 Aircraft to Macquarie Group Limited

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 >>

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Cahill Represents Initial Purchasers in $925 Million Notes Offering by Digicel

Cahill represented Citigroup, J.P. Morgan, Barclays, Credit Suisse, and Deutsche Bank Securities as joint book-running managers in connection with the Rule 144A offering of $925,000,000 aggregate principal amount of 6.75% Senior Notes due 2023 by Digicel Limited, a leading provider of wireless communications services in the Caribbean region. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes. Cahill is also representing Citigroup Global Markets as dealer manager in connection with the concurrent tender offer of any and all of Digicel’s outstanding 8.250% Senior Notes due 2017.

Tags:  Cahill Gordon & Reindel LLP | New York

Johnson & Johnson’s Offer from Cardinal Health to Acquire Cordis for $1.99 Billion

Johnson & Johnson announced a binding offer from Cardinal Health to acquire its Cordis business for an aggregate value of $1.99 billion, consisting of $1.944 billion of cash proceeds from Cardinal Health plus approximately $46 million of retained net receivables. Cravath is representing Johnson & Johnson in connection with this transaction. The acceptance period for the offer will end on May 30, 2015, unless extended. If the offer is accepted, the proposed transaction would be expected to close towards the end of 2015, subject to customary closing conditions and regulatory approvals. More >>

Tags:  New York