Davis Polk advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Banco BTG Pactual S.A. – Cayman Branch as joint book-running managers of the several underwriters in connection with the initial public offering by Graña y Montero S.A.A. of 19,534,884 American Depositary Shares, each representing five of its common shares, at a price per ADS of US$21.13. The offering raised gross proceeds of US$412.8 million. The ADSs are listed on the New York Stock Exchange under the symbol “GRAM.”

More >>

Davis Polk advised RBC Capital Markets, LLC and Goldman, Sachs & Co. as lead managers on an SEC-registered offering by Royal Bank of Canada of $2 billion aggregate principal amount of 2.2% senior notes due 2018 under its $25 billion medium-term notes program.

More >>

Davis Polk acted as special product counsel for J.P. Morgan Securities LLC and Citigroup Global Markets Inc. as representatives of the underwriters on a registered public offering by American Realty Capital Properties, Inc. of $300 million aggregate principal amount of 3% convertible senior notes due 2018.

More >>

The Firm is representing Barclays Bank PLC and HSBC Securities (USA) Inc. in connection with $4.35 billion of committed bridge financing to Perrigo Company in its announced $8.6 billion acquisition of Elan Corporation, PLC for $6.25 in cash plus 0.07636 shares of a newly formed Perrigo holding company for each Elan share, valuing each Elan share at $16.50 based on the closing price per Perrigo share on July 26, 2013. The proceeds of the bridge facilities will be available to finance a portion of the cash consideration for the acquisition, to repay certain indebtedness of Perrigo and to pay fees and expenses related thereto.

More >>

The Firm represented Graña y Montero S.A.A. in connection with its $413 million initial public offering of American depositary shares, each representing five common shares, registered with the U.S. Securities and Exchange Commission.  Graña y Montero’s common shares have been listed on the Peruvian stock exchange since 1997.  The ADSs are listed on the New York Stock Exchange under the ticker symbol “GRAM”.

More >>

Simpson Thacher recently represented the initial purchasers, led by J.P. Morgan Securities, in connection with the offering of $800 million aggregate principal amount of Senior PIK Toggle Notes by Michaels FinCo Holdings, LLC and a corporate co-issuer. The net proceeds of the offering will be used to fund a cash payment to equity and equity-award holders.

More >>

Loeb & Loeb LLP announced today that Michael Grandis has joined the firm’s New York office as a partner in the Corporate Department, bringing with him nearly 15 years of experience, primarily in the areas of public and private mergers and acquisitions, venture capital and private equity financings, as well as corporate governance counseling. Most recently, he was a partner in the Corporate and Commercial Practice at Ingram Yuzek Gainen Carroll & Bertolotti, LLP in New York.

More >>

On July 29, it was announced that Canadian retailer Hudson’s Bay Company (“HBC”) and U.S. luxury retailer Saks Incorporated (“Saks”) have entered into a definitive merger agreement whereby HBC will acquire Saks for $16.00 per share in an all-cash transaction valued at approximately $2.9 billion, including debt.  Willkie represented Hudson’s Bay Company in the transaction.  The cross border acquisition is expected to increase HBC’s growth potential both in the U.S. and Canada, generate significant efficiencies of scale, add prime real estate to the company’s portfolio and provide substantial shareholder value.

More >>

Omnicom Group Inc. (NYSE: OMC) and Publicis Groupe SA (Euronext Paris: FR0000130577) today announced that they have signed a definitive agreement for a merger of equals, creating the world’s leading company in communications, advertising, marketing and digital services, with combined 2012 revenue of $22.7 billion / €17.7 billion. Based on closing prices on July 26, 2013, Publicis Omnicom Group will have a combined equity market capitalization of approximately $35.1 billion / €26.5 billion. The merged group of more than 130,000 employees will be exceptionally well positioned to serve clients’ evolving needs, helping them to build their brands and grow their businesses in the rapidly changing communications landscape.

More >>

Cravath represented the underwriters, led by Credit Suisse, in connection with the US$250 million initial public offering of common stock of Diamond Resorts International, Inc., a leader in the hospitality and vacation ownership industry. The shares were listed on the New York Stock Exchange. The transaction closed on July 24, 2013.

More >>