Paul Weiss – The Carlyle Group Joins Other Investors in $3.7 Billion Focus Media Buyout

Paul, Weiss client The Carlyle Group, together with other investors, successfully took private Focus Media for $3.7 billion in the largest-ever going-private deal by a Chinese company. The Carlyle Group invested in Focus Media, China’s largest lifestyle-targeted interactive digital media network, through its Asia Partners III fund alongside FountainVest, CITIC Capital, China Everbright, Nanchun Jiang and Fosun International Limited.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York

Ogletree Deakins Strengthens Wage and Hour Practice in New York, Welcomes Eric Su as Shareholder

Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to welcome Eric Su as a shareholder in its New York City office. Su joins Ogletree Deakins from Tarter, Krinsky & Drogin LLP, where he was a partner in the firm’s Labor and Employment, Litigation and Construction practice groups. Su is the 18th shareholder to join Ogletree Deakins in 2013 and the third shareholder to join the firm’s New York City office. The firm welcomed Ronald Kreismann in May, and Frank Birchfield joined in March.

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Tags:  Ogletree Deakins | New York

Willkie Represents Pearl Therapeutics in $1.15 Billion Sale to AstraZeneca

On June 10th, AstraZeneca announced that it has entered into a definitive agreement to acquire Willkie client Pearl Therapeutics, a privately held company based in Redwood City, California, focused on the development of inhaled small-molecule therapeutics for respiratory disease, for $1.15 billion. AstraZeneca is a leading global biopharmaceuticals company and the U.K.’s second-largest drug company. Pearl has advanced a potential new treatment for chronic obstructive pulmonary disease (COPD), currently in late-stage development, and inhaler and formulation technology that will provide a platform for future combination products. Willkie represented Pearl and its shareholders, led by Vatera Healthcare Partners, in the transaction.

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Tags:  Willkie Farr & Gallagher LLP | New York

Cahill Represents Underwriters in $250 Million Public Offering by Approach Resources

Cahill represented J.P. Morgan, RBC Capital Markets, and KeyBanc Capital Markets as joint book-running managers and Wells Fargo Securities, BofA Merrill Lynch, Scotiabank, and Tudor, Pickering, Holt & Co. as co-managers in connection with the public offering of $250,000,000 aggregate principal amount of 7% Senior Notes due 2021 by Approach Resources Inc., an independent energy company engaged in the exploration, development, production and acquisition of oil and gas properties.

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Tags:  Cahill Gordon & Reindel LLP | New York

Cahill Represents Lead Arrangers in $11.5 Billion Bank Financing for Buyout of H.J. Heinz

Cahill represented J.P. Morgan, Wells Fargo, Barclays and Citigroup as lead arrangers in connection with the $11.5 billion in credit facilities consisting of $9.5 billion of term loan facilities that were used to fund a portion of the consideration for the $23 billion leveraged buyout of H.J. Heinz by 3G Capital Partners Ltd. and Berkshire Hathaway Inc. and $2.0 billion of revolving credit facilities.

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Tags:  Cahill Gordon & Reindel LLP | New York