International law firms and merger partners Herbert Smith LLP and Freehills announced today the official office opening in New York. The office opens for business today, 4 September 2012, and will initially operate as Herbert Smith New York. On 1 October 2012, the official launch date of the new firm Herbert Smith Freehills, it will become part of the Herbert Smith Freehills’ international network.
Tags: Herbert Smith Freehills LLP | New YorkDavis Polk Advises Mailgun on Its Acquisition by Rackspace
Davis Polk advised Mailgun, Inc. on its acquisition by Rackspace Hosting, Inc., which was completed on August 29, 2012. Terms of the transaction were not disclosed.
Tags: Davis Polk & Wardwell | New YorkDavis Polk – Laboratory Corporation of America Holdings $1 Billion Senior Notes Offering
Davis Polk advised Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriters on a public offering by Laboratory Corporation of America Holdings (LabCorp) of $500 million aggregate principal amount of 2.20% senior notes due 2017 and $500 million aggregate principal amount of 3.75% senior notes due 2022.
Tags: Davis Polk & Wardwell | New YorkSimpson Thacher Represents Lightyear Capital in Acquisition of Flagstone RE by Validus Holdings
Simpson Thacher is representing Lightyear Capital in connection with the acquisition of Flagstone Reinsurance Holdings Ltd. by Validus Holdings Ltd. Under the terms of the transaction, Flagstone shareholders will receive 0.1935 Validus voting common shares and $2.00 in cash for each Flagstone share. The transaction represents an aggregate equity value of $623.2 million. Funds associated with Lightyear Capital own 8.5% of the outstanding Flagstone shares and have entered into a voting agreement with Validus to vote in support of the transaction.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents J.P. Morgan and Goldman Sachs as Financial Advisors to Dollar Thrifty in $2.3 Billion Acquisition of Dollar Thrifty by Hertz
The Firm is representing J.P. Morgan and Goldman, Sachs & Co. as financial advisors to Dollar Thrifty Automotive Group, Inc. in its acquisition by Hertz Global Holdings, Inc. in a transaction valued at approximately $2.3 billion.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents JPMorgan Chase in $1.26 Billion Preferred Stock Offering
The Firm represented JPMorgan Chase & Co. in connection with an offering of an aggregate of 50,300,000 depositary shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co.’s 5.50% Non-Cumulative Preferred Stock, Series O. The offering closed on August 27, 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkMayer Brown Strengthens Banking & Finance Practice with Arrival of Partner Ann Richardson Knox in New York
Mayer Brown, a leading global law firm, announced today that Ann Richardson Knox has joined the firm in New York as a partner in the Banking & Finance practice.
Tags: Mayer Brown LLP | New YorkDavis Polk Advises Daikin Industries on Its Acquisition of Goodman Global
Davis Polk is advising Daikin Industries, Ltd. in connection with its $3.7 billion acquisition of Goodman Global, Inc. from affiliates of Hellman & Friedman LLC. Closing is subject to, among other conditions, receiving competition law approvals in relevant jurisdictions
Tags: Davis Polk & Wardwell | New YorkPaul Hastings Advises Bank of America Merrill Lynch, Morgan Stanley, and Jefferies in
Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Bank of America Merrill Lynch, Morgan Stanley Senior Funding, Inc. and Jefferies and its affiliates in connection with financing petrochemical provider TPC Group Inc.’s (Nasdaq:TPCG) $850 million merger by First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.
Tags: Paul Hastings LLP | New YorkShearman & Sterling Advises on Penske’s Senior Subordinated Notes Offering
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the several initial purchasers, in connection with Penske Automotive Group, Inc.’s offering of $550,000,000 aggregate principal amount of 5.75% Senior Subordinated Notes due 2022. Merrill Lynch, Pierce, Fenner & Smith Incorporated also acted as dealer manager in the concurrent tender offer for any and all of the outstanding $375,000,000 aggregate principal amount of Penske’s 7.75% Senior Subordinated Notes due 2016. The proceeds from the notes offering were used, in part, to fund the tender offer and in part to repay amounts outstanding under Penske’s U.S. revolving credit facility.
Tags: Shearman & Sterling LLP | New York