Davis Polk Advises Credit Suisse on the Spinout of DLJ Merchant Banking

Davis Polk advised Credit Suisse Asset Management on the spinout of DLJ Merchant Banking Partners into an independent advisory firm called aPriori Capital Partners L.P. The DLJ Merchant Banking Partners III, L.P. and DLJ Merchant Banking Partners IV, L.P. private equity funds collectively represent approximately $2 billion of value across 22 portfolio companies as of December 31, 2013. Credit Suisse is one of the world’s leading financial services providers.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises Marsh & McLennan Companies, Inc. on Its $1.2 Billion Revolving Credit Facility

Davis Polk advised Marsh & McLennan Companies, Inc. and certain of its domestic and foreign subsidiaries (MMC) in connection with the amendment and restatement of its existing revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, MMC increased the facility size to $1.2 billion, extended the maturity of the facility to March 27, 2019, and made certain other changes. MMC will use the proceeds of the facility for general corporate purposes.

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Tags:  Davis Polk & Wardwell LLP | New York

New York and Paris Offices Assist Thales Group in $400 Million Acquisition of LiveTV from JetBlue

On March 13, it was announced that JetBlue Airways has agreed to sell its wholly owned subsidiary LiveTV to Willkie client Thales Group for $400 million. LiveTV is the leading provider of live in-flight entertainment and connectivity systems for commercial airlines. The company revolutionized the inflight entertainment space, and with this transaction is now pursuing an aggressive growth strategy. Last year, the company and its partner ViaSat introduced Ka-band satellite-driven onboard connectivity, a game changing technological advancement.

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Tags:  New York

Partners Mark Fawer and Carolyn Austin Join Arent Fox’s Real Estate Practice in New York

Arent Fox LLP is pleased to announce the expansion of its nationally recognized Real Estate practice with the addition of partners Mark S. Fawer and Carolyn Austin and associate Brandilyn Y. Dumas. Mr. Fawer, Ms. Austin, and Ms. Dumas are joining the firm’s New York office, where they will focus on representing lenders, private equity funds, real estate developers, real estate investment trusts, and other investors in the financing, acquisition, disposition, and development of multifamily, retail, industrial, office, and hotel properties.

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Tags:  ArentFox Schiff LLP | New York

Holland & Knight Welcomes New Partner to Cross Border Transactions and Latin America Practice Group in New York

Attorney Xavier Ruiz has joined Holland & Knight’s New York office as a partner in its international cross-border transactions and Latin America practice groups. Mr. Ruiz brings a background in sophisticated cross-border mergers and acquisitions, joint ventures, finance transactions and privatizations. In his previous law firm work, he led the Spanish/Latin American practice for two international firms.

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Tags:  Holland & Knight LLP | New York

Davis Polk – Men’s Wearhouse to Acquire Jos. A. Bank Clothiers

Davis Polk is advising J.P. Morgan Securities LLC and Bank of America Merrill Lynch as financial advisers to The Men’s Wearhouse, Inc. in connection with its definitive agreement to acquire Jos. A. Bank Clothiers, Inc. for $65.00 per share in cash, or total consideration of $1.8 billion. The transaction, which is expected to close by the third quarter of 2014, is subject to satisfaction of customary closing conditions.

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Tags:  Davis Polk & Wardwell LLP | New York

Cahill Represents Underwriters in $1.38 Billion Common Stock Offering by Nielsen Shareholders

Cahill represented BofA Merrill Lynch and Credit Suisse as underwriters in connection with the secondary public offering by certain shareholders of Nielsen Holdings N.V. (NYSE: NLSN), valued at $1,387,500,000. The offering made available 30,000,000 shares of common stock. The selling stockholders received all of the proceeds of the sale.

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Tags:  Cahill Gordon & Reindel LLP | New York