Paul Hastings LLP, a leading global law firm, announced today that the firm represented Sterling Value Add Partners II, L.P. and its sponsor, The Sterling Organization, LLC, in the formation of a $311 million private investment fund that will focus on acquiring and managing value-add retail and mixed-use real estate investments in various target markets in the United States. The Fund held its final closing on December 9, 2014, raising capital from a diverse investor base including, among others, public and private pension funds, endowments and private foundations. Paul Hastings also represented the Fund in establishing a $75 million subscription line credit facility. More >>

Dentons announced today that Lloyd Winans joined its Corporate Practice as a partner, adding significant international and domestic banking and finance regulatory experience to the Firm’s already robust capabilities and increasing its ability to advise clients from Latin America and the Caribbean. He will be resident in the Firm’s New York office. More >>

Atos, an international leader in digital services, and Xerox, a global business services, technology and document management company, announced their intention for Atos to purchase Xerox’s ITO business for $1.05 billion and become a primary IT provider for Xerox. Cravath represented Xerox in connection with this transaction, which is subject to customary closing conditions, regulatory and antitrust approvals and is expected to close in the first half of 2015. More >>

Cahill represented the lead underwriters in connection with the public offering of 34,500,000 shares of Common Stock of Aramark (NYSE: ARMK), a leading global provider of food, facilities and uniform services, resulting in gross proceeds of $966,000,000. The selling stockholders received all of the proceeds of the sale.

The Firm recently represented Barclays Capital Inc. (“Barclays”) as underwriter in connection with a registered public offering of 8,000,000 shares of common stock of Bright Horizons Family Solutions Inc. (“Bright Horizons”). Bright Horizons concurrently repurchased 4,500,000 of the shares from Barclays. A total of approximately $358.5 million in proceeds was raised in the offering. Affiliates of Bain Capital Partners, LLC and certain other selling stockholders received all of the proceeds from the offering. More >>

Hunton & Williams LLP advised Dynacast International in a $1.1 billion transaction in which Partners Group, a global private markets investment manager, will acquire a controlling stake in the firm. Dynacast is a global manufacturer of small, highly complex metal components. More >>

Shearman & Sterling is advising ARX Holding Corp., the parent company of American Strategic Insurance Corp. (ASI), on the sale of a controlling position to The Progressive Corporation for approximately $875 million in cash.

The shares will be purchased primarily from non-management shareholders and will bring Progressive’s interest in the company to approximately 67%, up from the 5% interest it has held since 2012. ASI will continue to operate as a separate company under its current management team. The transaction is expected to close by April 1, 2015, subject to closing conditions. Additionally, Progressive expects to purchase the remaining shares of the company over the next six years. More >>

Paul Hastings LLP, a leading global law firm, represented the banks in connection with certain aspects of the financing of the $1.24 billion acquisition of DSS Group, Inc., the parent company of DS Services of America Inc., by Cott Corporation, one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors. Paul Hastings represented Barclays, Credit Suisse, JP Morgan, Bank of America and Deutsche Bank in connection with their commitments to provide debt financing in connection with the transaction. Paul Hastings also represented Barclays, as solicitation agent, in connection with the solicitation of consents by DS Services of America, Inc. from holders of DSS Group, Inc.’s 10.00% Second Priority Senior Secured Notes due 2021 related to certain amendments to the indenture governing such notes. More >>