Davis Polk – Yandex N.V. $600 Million Secondary Offering

Davis Polk advised Morgan Stanley & Co. International plc, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as underwriters in connection with the SEC-registered secondary offering of 26,679,386 Class A shares of Yandex N.V., including 2,425,399 additional Class A shares sold pursuant to an option granted to the underwriters. The public offering price was $22.75 per share, and the total gross proceeds to the selling shareholders amounted to $600 million. The Class A shares are listed on the Nasdaq Global Select Market under the symbol “YNDX.”

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Tags:  Davis Polk & Wardwell | New York

Cravath – AmerisourceBergen’s Strategic Relationship with Walgreens and Alliance Boots

On March 19, 2013, AmerisourceBergen Corporation announced that it is entering into a strategic, long‑term relationship with Walgreen Co. and Alliance Boots GmbH, which will streamline the distribution of pharmaceuticals to Walgreens stores and leverage global supply chain efficiencies while improving patient access to affordable pharmaceuticals to increase the efficiency of the healthcare system. Cravath represented AmerisourceBergen in this transaction.

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Tags:  Cravath, Swaine & Moore LLP | New York

Loeb & Loeb Adds Prominent Trusts and Estates Team in New York

Loeb & Loeb LLP announced today that Jonathan J. Rikoon and Cristine M. Sapers will join the firm’s nationally-recognized Trusts and Estates Department as partners in the New York office next month. Rikoon and Sapers are joining the firm from Debevoise & Plimpton LLP in New York, where Rikoon served as Trusts and Estates Group Chair, and will be bringing their entire team including one senior counsel and four associates with them to Loeb & Loeb.

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Tags:  Loeb & Loeb LLP | New York

Simpson Thacher Represents Underwriters in Offering of Convertible Preferred Stock by iStar Financial Inc.

Simpson Thacher represented the underwriters Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC in the recent public offering of 4,000,000 shares of 4.50% Series J Cumulative Convertible Perpetual Preferred Stock issued by iStar Financial Inc. The offering included 500,000 shares issued following the exercise by the underwriters of their over-allotment option.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Dilworth Paxson Opens New York City Office and Welcomes Litigator Greg Blue

Dilworth Paxson LLP announced the opening of its New York City office, adding a seventh location to its regional presence. The firm also welcomes Gregory Blue who will serve as resident partner in charge of the office. Blue’s practice is primarily devoted to business litigation and representation of creditors, shareholders, and official committees in complex bankruptcy cases.

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Tags:  Dilworth Paxson LLP | New York

Simpson Thacher Represents Blackstone and Invitation Homes in $2.075 Billion Revolving Credit Facility in Connection with the Largest National Single-Family Rental Home Platform

The Firm represents affiliates of Blackstone Real Estate Partners and Invitation Homes, L.P. in connection with a $2.075 billion revolving credit facility to capitalize the purchase of distressed single-family rental homes. Invitation Homes is a national platform to purchase distressed single family homes and then refurbish, lease and maintain them in neighborhoods across the country and is the largest owner of single-family homes in the United States.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Shearman & Sterling Advises on $1 Billion Financing for Avon

Shearman & Sterling advised Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas, BBVA Compass, Goldman Sachs Bank USA, HSBC Bank USA, National Association, and Sovereign Bank, N.A. as joint lead arrangers and joint bookrunners in connection with a $1 billion four-year revolving credit facility for Avon Products, Inc. and Avon Capital Corporation.

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Tags:  Shearman & Sterling LLP | New York