Shearman & Sterling advised Canada Pension Plan Investment Board (CPPIB) in connection with its $1.1 billion acquisition of the Air Distribution division of Tomkins (Air Distribution). Along with Onex, a leading private equity firm, CPPIB has jointly owned Tomkins since 2010.
Tags: Shearman & Sterling LLP | New YorkChadbourne Represents Southern Copper Corporation in a $1.5 Billion Notes Offering
Shearman & Sterling Advises Borealis on Acquisition of 49% Equity Shareholding in EDPR’s US Wind Farm Assets
Shearman & Sterling is advising Borealis Infrastructure (Borealis) in its acquisition of a 49% equity shareholding in a portfolio of wind farm assets in the US from EDP Renováveis S.A. (EDPR). The portfolio is comprised of four wind farms totalling 599 MW, installed between 2007 and 2008 (4.5 years of average age), and all of which have long-term Power Purchase Agreements (PPAs) in place. The total consideration for the 49% equity shareholding is US$230 million, which represents a total implied value for the portfolio of US$1,446 million. The transaction is subject to customary regulatory approvals.
Tags: Shearman & Sterling LLP | New YorkSimpson Thacher Represents Evercore Wealth Management in Acquisition of Mt. Eden Investment Advisors
Simpson Thacher is representing Evercore Wealth Management LLC, a subsidiary of Evercore Partners Inc., in the acquisition of Mt. Eden Investment Advisors, LLC, a San Francisco-based wealth management firm with approximately $645 million in assets under management as of September 30, 2012. The transaction is expected to close by year end.
Tags: Simpson Thacher & Bartlett LLP | New YorkProskauer Advises Protravel International on Sale to Tzell Travel Group
Global law firm Proskauer represented Protravel International, Inc., in an agreement to be acquired by Tzell Travel Group, a Travel Leaders Group company that is a portfolio investment of One Equity Partners, the private investment arm of JPMorgan Chase. The merger is expected to close in November, pending government antitrust approval.
Tags: Proskauer Rose LLP | New YorkDavis Polk – Kennametal Inc. Notes Offering
Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by Kennametal Inc. of $400 million aggregate principal amount of 2.65% senior notes due 2019.
Tags: Davis Polk & Wardwell LLP | New YorkPaul Hastings Represents UBS Securities LLC, Barclays Capital, Deutsche Bank Securities Inc. and BMO Capital Markets in $250 Million Bond Offering by Shale-Inland Holdings, LLC
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC, Barclays Capital, Deutsche Bank Securities Inc. and BMO Capital Markets as initial purchasers in connection with the Rule 144a/Reg S offering of $250 million of 8.75% senior secured notes due 2019 by Shale-Inland Holdings, LLC and its affiliate Shale-Inland Finance Company. Shale-Inland Holdings, LLC is a leading specialty industrial distributor of pipe, valves, fittings and related products and provider of technical solutions to the energy and industrial sectors.
Tags: Paul Hastings, LLP | New YorkSimpson Thacher Represents Underwriters in Offering of $900 Million of Senior Notes and £400 Million of Senior Notes by Virgin Media and Related Tender Offer
The Firm represented Goldman Sachs International, J.P. Morgan Securities LLC and several other banks as underwriters in connection with a public offering by Virgin Media Finance PLC of $900 million aggregate principal amount of its 4.875% Senior Notes due 2022 and £400 million aggregate principal amount of its 5.125% Senior Notes due 2022. The notes are guaranteed by Virgin Media Inc. and certain subsidiaries. Virgin Media used the net proceeds from the offering to fund a tender offer for all of its outstanding 9.50% Senior Notes due 2016 and $250 million aggregate principal amount of its 8.375% dollar and 8.875% sterling denominated Senior Notes due 2019. The Firm represented J.P. Morgan Securities plc and RBS Securities Inc. as dealer-managers for the tender offer.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Sunrise Medical and Vestar Capital Partners in Sale to Equistone Partners
The Firm is representing Sunrise Medical, Inc. and Vestar Capital Partners in connection with the announced definitive agreement to sell Sunrise Medical’s global mobility and seating operations to funds advised by Equistone Partners Europe. The terms of the purchase of Sunrise Medical from affiliates of Vestar were not disclosed. Vestar had acquired Sunrise Medical, in partnership with Park Avenue Equity Partners, in a going private transaction in 2000. The transaction is expected to close at the end of 2012 and is subject to approval by antitrust authorities.
Tags: Simpson Thacher & Bartlett LLP | New YorkDavis Polk – Stanley Black & Decker, Inc. $800 Million Senior Notes Offering
Davis Polk advised Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint book-running managers on an SEC-registered debt offering by Stanley Black & Decker, Inc. of $800 million aggregate principal amount of 2.9% notes due 2022.
Tags: Davis Polk & Wardwell LLP | New York