Davis Polk is advising Delonex Energy Limited in connection with a $600 million investment from an investment group led by an affiliate of Warburg Pincus LLC.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk Advises Santander México on Its Acquisition of ING Group’s Mortgage Business in Mexico
Davis Polk is advising Grupo Financiero Santander México, S.A.B. de C.V. in connection with the Ps.643 million acquisition by its subsidiary, Banco Santander (México), S.A., Institución de Banca Múltiple, of ING Hipotecaria, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada, a subsidiary of ING Group. The transaction, which is subject to customary regulatory approvals, is expected to close in the second half of 2013.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk – Thermo Fisher Scientific Inc. $2.46 Billion Common Stock Offering and Forward Sale Agreements
Davis Polk advised affiliates of each of J.P. Morgan Securities LLC and Barclays Capital Inc. in connection with the execution of forward sale agreements on approximately 29.6 million shares of Thermo Fisher Scientific Inc.’s common stock (NYSE: TMO) in connection with an SEC-registered offering of an equal number of shares. The approximately 29.6 million shares include approximately 3.9 million shares purchased by the underwriters pursuant to their over-allotment option. In connection with the forward sale agreements, J.P. Morgan Securities LLC and Barclays Capital Inc., each as agent for its respective affiliate, borrowed an aggregate of approximately 29.6 million shares of Thermo Fisher Scientific Inc.’s common stock (approximately 25.7 million shares, in the aggregate, in connection with base forward sale agreements and 3.9 million shares, in the aggregate, in connection with additional forward sale agreements executed in connection with the exercise by the underwriters of their over-allotment option) from third parties and sold these shares to the underwriters. The net proceeds of the offering (assuming physical settlement of the forward sale agreements at the initial forward sale price) are expected to be approximately $2.46 billion.
Tags: Davis Polk & Wardwell LLP | New YorkWillkie Advises Rockwood on $1.98 Billion Sale of CeramTec
As reported widely in the press, Willkie client Rockwood Holdings, Inc. announced on June 16 that it entered into a definitive agreement to sell CeramTec, its advanced ceramics business, to Cinven, a European private equity firm, for €1.49 billion (approx. $1.98 billion). The transaction is expected to close during the third quarter of 2013 upon certain regulatory approvals, including EU competition clearance.
Tags: Willkie Farr & Gallagher LLP | New YorkSimpson Thacher Represents J.P. Morgan and Bank of America in Connection with the Committed Financing of IHS Inc.’s Acquisition of R. L. Polk & Co./Carfax
Simpson Thacher is representing JPMorgan Chase Bank, N.A. as administrative agent and J.P. Morgan Securities LLC as lead arranger and bookrunner in connection with the $680 million committed financing for the $1.4 billion acquisition of R.L. Polk & Co. by IHS Inc. The acquisition is expected to be consummated later this year.
Tags: Simpson Thacher & Bartlett LLP | New YorkJeffrey Blumenfeld Joins Lowenstein Sandler to Chair Antitrust Practice
Lowenstein Sandler LLP announced that Jeffrey Blumenfeld has joined the firm as chair of its Antitrust & Trade Regulation practice focusing on antitrust litigation and counseling. He also will be a member of Lowenstein’s Tech Group, a national leader in representing venture-backed technology companies, where he will actively counsel Lowenstein’s clients and their investors on competition issues facing emerging technology companies, particularly at the intersection of antitrust and intellectual property.
Tags: Lowenstein Sandler LLP | New YorkIan Carleton Schaefer Joins Epstein Becker Green’s Labor and Employment Practice in New York
The national law firm of Epstein Becker Green (EBG) today announced that Ian Carleton Schaefer has joined the firm as a Member in the Labor and Employment practice, in the New York office.
Tags: Epstein Becker & Green, P.C. | New YorkWillkie Advises Take-Two Interactive in $250 Million Bond Offering and Redemption of Outstanding Notes
On June 13, Willkie client Take-Two Interactive Software, Inc. announced the pricing of $250 million of 1.00% Convertible Senior Notes due 2018. Additionally, the company has granted the underwriters the option to purchase up to an additional $37.5 million of notes on the same terms and conditions to cover over-allotments. J.P. Morgan, Barclays and Wells Fargo Securities are acting as joint book-running managers for the offering, which is expected to close on June 18.
Tags: Willkie Farr & Gallagher LLP | New YorkTheodore K. Cheng Joins Fox Horan as Partner Practicing in Commercial Litigation, Intellectual Property, and Alternative Dispute Resolution
Paul Hastings Represents Initial Purchasers in $400 Million Note Offering for Sanchez Energy
Paul Hastings LLP, a leading global law firm, announced today that it advised RBC Capital Markets, LLC, Credit Suisse Securities (USA) LLC, Capital One Southcoast, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, BBVA Securities Inc., IBERIA Capital Partners L.L.C., ING Financial Markets LLC, Mitsubishi UFJ Securities (USA), Inc., SG Americas Securites, LLC and SunTrust Robinson Humphrey, Inc., as Initial Purchasers, in connection with a $400 million bond offering of 7.75% Senior Notes due 2021 for Sanchez Energy Corporation, an oil and natural gas exploration and production company.
Tags: Paul Hastings, LLP | New York