Paul Hastings LLP, a leading global law firm, represented Ivanhoé Cambridge, the second largest pension fund in Canada, in the creation of a new partnership with Black Creek Group (Black Creek), a real estate private equity firm with extensive experience sponsoring real estate companies in Mexico.

Ivanhoé Cambridge, a real estate subsidiary of institutional fund manager Caisse de dépôt et placement du Québec, together with Black Creek, will invest in the development of mixed-use urban communities in the main cities of Mexico including Mexico City, Monterrey and Guadalajara through MIRA, Black Creek’s fully-integrated real estate and development platform in Mexico. Ivanhoé Cambridge intends to invest up to US$500 million in assets, as part of its strategy of developing a long-term active presence in growth markets. More >>

Willkie client Auxilium Pharmaceuticals, Inc., a specialty biopharmaceutical company, entered into a definitive merger agreement to be acquired by Endo International plc for a combination of cash and stock which values Auxilium at approximately $2.6 billion. The signing of the merger agreement follows Auxilium’s receipt on September 12 of an unsolicited, non-binding proposal from Endo. In connection with the signing of the merger agreement, the board of directors of Auxilium determined that the merger agreement with Endo constituted a superior proposal under the terms of Auxilium’s existing merger agreement with QLT Inc. and terminated the QLT merger agreement. More >>

Simpson Thacher is representing Hilton Worldwide Holdings Inc. (“Hilton Worldwide”) in its announced agreement with Anbang Insurance Group Co. Ltd. (“Anbang”) to sell the Waldorf Astoria New York for $1.95 billion. Hilton Worldwide will be granted a management agreement by Anbang to continue to operate the property for the next 100 years. More >>

Cahill represented Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead underwriter and the other underwriters in connection with the Initial Public Offering of 25,532,000 common shares of VWR Corporation (NASDAQ: VWR), a leading independent provider of laboratory products, services and solutions to the global life science, general research and applied markets, resulting in gross proceeds of $536,172,000. Proceeds were used to refinance existing indebtedness and for general corporate purposes.

Goodwin Procter attorneys recently advised PayChoice on its $157.8 million sale to Sage North America. The transaction is expected to close in October and is subject to customary closing conditions. More >>

As reported in The Wall Street Journal, The New York Times and other media outlets, UBM plc announced that it has entered into a definitive agreement to acquire Paul, Weiss client Advanstar Communications for $972 million in cash. UBM is a U.K.-headquartered communications and events business. Advanstar operates 54 trade shows and over 100 conferences annually, including Magic Marketplace, the largest U.S. fashion trade show. The transaction, which is expected to close by year end, will make UBM the largest events business in the United States. More >>