Global law firm Proskauer is representing American Realty Capital Properties in a $9.7 billion offer for Cole Credit Property Trust III in a deal that would create the country’s largest publicly traded net-lease real estate investment trust (REIT).

More >>

Akin Gump Strauss Hauer & Feld LLP advised FirstEnergy Corp. with respect to the cash tender offers for two series of notes of its subsidiary, FirstEnergy Solutions Corp., and two series of notes of its subsidiary, Allegheny Energy Supply Company, LLC. The tender offers for three of the aforementioned series settled on March 14, and the tender offer for the fourth series settled today.

More >>

Davis Polk is advising Tele2 AB on the sale of its Russian operations to VTB Group in a cash transaction comprising $2.4 billion in equity value and $1.15 billion in net debt.

More >>

Davis Polk advised underwriters represented by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and Wells Fargo Securities, LLC in connection with an offering by The Hanover Insurance Group, Inc. of $175 million principal amount of its 6.35% subordinated debentures due 2053.

More >>

On March 27, it was announced that Aquiline Capital Partners LLC and Genstar Capital LLC have agreed to acquire Genworth Financial Inc.’s Wealth Management business for $412.5 million. The acquisition includes both of Genworth’s Wealth Management’s businesses: Genworth Financial Wealth Management, an investment management and consulting platform, and Altegris, a provider of premier alternative investments.

More >>

Shearman & Sterling advised Japan Bank for International Cooperation, Sumitomo Mitsui Banking Corporation, HSBC Bank USA, National Association, Mizuho Corporate Bank, Ltd., Banco del Estado de Chile, Korea Finance Corporation, Nippon Export and Investment Insurance and Korea Trade Insurance Corporation as lenders or insurers in connection with the $1.05 billion secured financing for the Cochrane power project in Chile being developed by AES Gener and Mitsubishi Corporation.

More >>

In a move that reinforces Nixon Peabody LLP’s health care practice as one of the preeminent practices in New York State, the firm is pleased to announce that veteran health care attorneys Philip Rosenberg and Laurie Cohen have joined the firm’s Albany, NY, office as new partners. Mr. Rosenberg and Ms. Cohen, who left Wilson Elser, an Am Law 100 firm, will be working along with current Nixon Peabody partner Peter Millock, a former general counsel at the New York State Department of Health, and counsel Barbara Asheld, a former house counsel at the Department of Health.

More >>

Davis Polk advised Orbitz Worldwide, Inc. (Orbitz) in connection with its new $515 million senior secured credit agreement consisting of four and one-half year tranche B term loans in an initial aggregate principal amount of $150 million, six year tranche C term loans in an initial aggregate principal amount of $300 million and a four and one-half year revolving credit facility in an initial aggregate principal amount of $65 million. Proceeds from the term loans were used to repay in full the outstanding indebtedness under Orbitz’s existing credit facility. Loans and letters of credit will be available under the revolving facility for working capital and general corporate purposes.

More >>

Cravath represented the underwriters, led by Morgan Stanley, BofA Merrill Lynch and Goldman, Sachs & Co., in connection with the US$264 million initial public offering of common stock of Aviv REIT, Inc., a self‑administered real estate investment trust specializing in the ownership and triple‑net leasing of post‑acute and long‑term care skilled nursing facilities. The shares were listed on the New York Stock Exchange. The transaction closed on March 26, 2013.

More >>

Bracewell & Giuliani LLP is representing Centrica, a British gas owner, in an agreement with U.S.-based energy company Cheniere Energy Partners to buy 1.75 million tonnes of liquefied natural gas (LNG) per year. The 20-year agreement with Cheniere Energy Partners would allow Centrica to export enough LNG from the U.S. to supply 1.8 million British homes each year.

More >>