Cahill represented UBS Investment Bank and Barclays as book-running managers and the other underwriters in connection with the secondary public offering of 23,000,000 ordinary shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) by Star NCLC Holdings Ltd. and certain funds affiliated with Apollo Global Management, LLC and TPG Global, LLC, resulting in gross proceeds of approximately $684,250,000 to the selling shareholders. Norwegian did not sell any ordinary shares in the offering and did not receive any of the proceeds from the offering.
Tags: Cahill Gordon & Reindel LLP | New YorkLowenstein Represents Tower International in Connection with $160 Million Secondary Offering and Repricing of Term Loan Facility
Lowenstein represented Tower International, Inc. (NYSE: TOWR) and Tower International Holdings, LLC, an affiliate of Cerberus Capital Management, L.P., in connection with a $160 million SEC-registered secondary offering of 7,888,122 shares of Tower International, Inc.’s common stock by Tower International Holdings, LLC, at a price to the public of $21.25 per share. The Lowenstein team was led by Robert G. Minion, Peter H. Ehrenberg and Michael J. Reinhardt and included attorneys Brian A. Silikovitz, Alison S. Fraser and Kate Basmagian.
Tags: Lowenstein Sandler LLP | New YorkMcDermott Advises Irving Oil in $300 Million Joint Venture with TransCanada
International law firm McDermott Will & Emery represented Irving Oil, a privately owned regional energy and marketing company that owns and operates Canada’s largest refinery, in forming a joint venture with TransCanada to develop and construct the proposed $300 million Canaport Energy East Marine Terminal at Irving Canaport in Saint John, New Brunswick. Irving Oil will operate the Canaport Energy East Marine Terminal, which will connect the proposed $12 billion Energy East Pipeline project recently announced by TransCanada to an ice-free, deep water port.
Tags: McDermott Will & Emery LLP | New YorkWeil Advises Brookfield Property Partners in $1.1 Billion Acquisition of Industrial Developments International
A Weil team led by Corporate partners Philip Rosen and Shayla Harlev is acting as counsel to Verde Realty Operating Partnership, L.P., a majority-owned subsidiary of funds managed by Brookfield Property Partners LP, in connection with the $1.1 billion acquisition of Industrial Developments International Inc. (IDI) from a subsidiary of Japan’s Kajima Corp. Based in Hamilton, Bermuda, Brookfield is an owner, operator, and investor in commercial properties. Through Verde’s purchase of IDI, which is based in Atlanta, Brookfield and its institutional partners will gain a network of 75 distribution facilities operating in 12 US states for a total of 27 million square feet of industrial distribution space. They will also add IDI’s 49 million square feet of future development projects and third-party property management business. Brookfield is purchasing about 25 percent of IDI; its partners will acquire the balance of the company.
Tags: Weil, Gotshal & Manges, LLP | New YorkCravath – Unilever’s Sale of Wish-Bone and Western Brands to Pinnacle Foods
On August 12, 2013, Unilever announced that it has signed an agreement for the sale of its Wish‑Bone and Western dressings brands to Pinnacle Foods Inc. for a total cash consideration of approximately US$580 million, subject to regulatory approval. Cravath represented Unilever in connection with this transaction, which is expected to close later in the third quarter, or early in the fourth quarter, of 2013.
Tags: Cravath, Swaine & Moore LLP | New YorkPartner Tom Devaney Brings Fund Formation and Regulatory Expertise to Sheppard Mullin New York
Thomas M. Devaney has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm’s Corporate practice group, based in the firm’s New York office. Devaney joins from Morrison & Foerster, where he was a partner and led that firm’s private funds practice in New York for more 7 years.
Tags: Sheppard, Mullin, Richter & Hampton LLP | New YorkMilbank Represents Government of Bermuda in its Largest-ever Bond Offering
Milbank, Tweed, Hadley & McCloy has represented the Government of Bermuda in its largest-ever sovereign bond issuance, $750 million of 4.854% senior notes due 2024.
Tags: Milbank LLP | New YorkChadbourne Represents Rockwell Collins in Acquisition of Carlyle’s ARINC for US$1.39 Billion
Chadbourne, as buyer’s counsel, assisted Rockwell Collins in reaching a US$1.39 billion definitive agreement to purchase ARINC, Inc. The deal, signed on August 10, 2013 is the largest in the North American aerospace and defense industry announced this year, according to data compiled by Bloomberg. The deal is subject to regulatory and other customary conditions, and is expected to close within 90 days.
Tags: New YorkSimpson Thacher Represents Pinnacle Foods in $580 Million Acquisition of Wish-Bone® Salad Dressings
Simpson Thacher is representing Pinnacle Foods Inc. in its $580 million acquisition of the Wish-Bone® salad dressings business from Unilever PLC. Pinnacle Foods is controlled by investment funds affiliated with The Blackstone Group L.P.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Automotive Investors LLC and Certain Members of TRW’s Management in Public Offering of 10.9 Million Shares of TRW’s Common Stock
The Firm represented Automotive Investors LLC, an affiliate of The Blackstone Group L.P., and certain members of TRW Automotive Holdings Corp.’s (“TRW”) management in connection with a registered public offering of 10,900,000 shares of TRW’s common stock. Automotive Investors LLC sold 10,273,062 shares, representing the remainder of its ownership of TRW’s stock. Citigroup Global Markets Inc. served as the underwriter for the offering. The gross proceeds from the offering were $775.971 million.
Tags: Simpson Thacher & Bartlett LLP | New York