Simpson Thacher Represents Underwriters in Initial Public Offering of ServiceMaster Global Holdings, Inc.

The Firm recently represented the underwriters, led by J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, in the initial public offering by ServiceMaster Global Holdings, Inc. of 41,285,000 shares of common stock (including shares sold pursuant to the underwriters’ over-allotment option), which raised gross proceeds of approximately $700 million. ServiceMaster’s shares are listed on the New York Stock Exchange under the ticker symbol “SERV”. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Firm Represents Alibaba Group in Historic US$25 Billion IPO on NYSE

The Firm has represented Alibaba Group Holding Limited (“Alibaba Group”) in connection with its initial public offering, the largest IPO ever conducted. The offering, which was comprised of 368,122,000 American depositary shares (“ADSs”), each representing one ordinary share of Alibaba Group, was listed on the New York Stock Exchange and raised a total of US$25 billion in gross proceeds. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Morgan Stanley & Co. International plc and Citigroup Global Markets Inc. acted as joint book runners for the offering. More >>

Tags:  New York | Palo Alto

Paul Hastings Represents Citigroup as Sole Book-Running Manager in Sun Communities, Inc’s $349 Million Follow-On Public Offering of Common Stock

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup as sole book-running manager for Sun Communities, Inc.’s (NYSE: SUI) follow-on public offering of common stock.

Sun Communities, Inc., a real estate investment trust that owns, operates and develops manufactured housing and recreational vehicle communities, sold a total of 6,900,000 shares of common stock (including the full exercise of the underwriter’s option to purchase additional shares) and raised gross proceeds of approximately $349.1 million. More >>

Tags:  Paul Hastings, LLP | New York

Firm Advises Arkema in Proposed €1.74 Billion Acquisition of Bostik

It was recently announced that Willkie client Arkema, a global chemical company and France’s leading chemicals producer, has proposed to acquire Bostik from French oil company Total SA for a total enterprise value of €1.74 billion, representing 11 times the company’s EBITDA. With about 4,900 employees and over 48 locations worldwide, Bostik is one of the world’s leading adhesive makers. More >>

Tags:  Frankfurt | New York | Paris | Washington

Hunton & Williams Represents Carlyle Infrastructure Partners in $327M Park Water Company Sale

Hunton & Williams LLP advised Carlyle Infrastructure Partners in its $327 million sale of Western Water Holdings LLC, and its water distribution utility Park Water Company and its subsidiaries, to Liberty Utilities, the regulated utility business of Algonquin Power & Utilities Corp. Western Water Holdings is a wholly owned investment of Carlyle Infrastructure Partners, the infrastructure investment business of the Carlyle Group. Park Water Company owns and operates three regulated water utilities engaged in the production, treatment, storage, distribution, and sale of water in Southern California and Western Montana. More >>

Tags:  Hunton Andrews Kurth LLP | New York

Paul Hastings Represents Banks in Financing Templar Energy’s Purchase of Granite Wash Assets from Newfield Exploration Co.

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets, Inc., Barclays, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and Natixis, New York Branch as lead arrangers and Citibank, N.A. as administrative agent in connection with a $550 million incremental add-on to Templar Energy LLC’s second lien credit facility. The proceeds were used primarily for the purchase of Granite Wash assets from Newfield Exploration Co. More >>

Tags:  Paul Hastings, LLP | New York

Milbank Represents Underwriters in $956 Million EETC Offering by American Airlines

Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, Transportation and Space partners Hugh Robertson and Jim Pascale and Global Securities special counsel Kevin MacLeod, acted as US counsel to the underwriters in a public offering of $956 million aggregate face amount of enhanced equipment trust certificates (“EETCs”) by American Airlines, Inc. (“American”). More >>

Tags:  Milbank LLP | New York