Hogan Lovells Advises Daimler on Strategic Partnership with Motor Coach Industries

Hogan Lovells advised Daimler on the strategic partnership between Daimler Buses and Motor Coach Industries (MCI), including the sale of Daimler’s Setra-branded premium motor coach distribution business to MCI.  In connection with the transaction, which closed on 29 June 2012, Daimler Buses received a minority ownership stake in MCI, and MCI became the exclusive North American distributor of the Setra S407 and S417 German-manufactured premium motor coaches.

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Tags:  Hogan Lovells | New York

Shearman & Sterling Advises Ardagh on Anchor Glass Acquisition and Financing

Shearman & Sterling is representing the Ardagh Group in its acquisition of Anchor Glass Container Company from private investment funds managed by Wayzata Investment Partners LLC in a transaction involving total cash consideration of US $880 million (€721 million). The transaction is subject to US regulatory approval and other customary closing conditions.

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Tags:  Shearman & Sterling LLP | New York

Cravath – Arrangement of Financing for Acquisition of Certain Businesses of United Technologies Corporation

On July 25, 2012, United Technologies Corporation entered into a definitive agreement pursuant to which affiliates of the Carlyle Group LP and BC Partners Ltd will acquire certain industrial businesses of its Hamilton Sundstrand subsidiary for approximately $3.5 billion. Cravath represented Credit Suisse as joint lead arranger of committed financing in connection with this transaction.

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Tags:  Cravath, Swaine & Moore LLP | New York

Davis Polk – Splunk Follow-on Stock Offering

Davis Polk advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with the $332 million SEC-registered follow-on offering of 11,744,064 shares of common stock of Splunk Inc. sold by certain selling stockholders. The common stock is listed on the Nasdaq Global Select Market under the symbol “SPLK.”

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Palo Alto Networks Initial Public Offering

Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. as joint book-running managers in connection with the $300 million initial public offering of 7,130,000 shares of common stock of Palo Alto Networks, Inc. (including 930,000 shares subject to the underwriters’ over-allotment option) at $42.00 per share. Of these, Palo Alto Networks sold 5,617,259 shares and stockholders sold 1,512,741 shares. The common stock is listed on the New York Stock Exchange under the symbol “PANW.”

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Tags:  Davis Polk & Wardwell LLP | New York

Milbank Represents Underwriters in Chile’s Largest IPO

In its second major IPO on behalf of a Chilean company in the past month, Milbank, Tweed, Hadley & McCloy has represented underwriters who led the initial public offering of Chilean construction and investment firm Inversiones La Construccion SA. The deal, which raised $466 million on the Santiago Stock Exchange when it debuted July 20, constitutes the largest IPO ever in Chile.

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Tags:  Milbank LLP | New York

Cahill – Ardagh Packaging Completes Multicurrency Notes Offering

Cahill represented Citigroup Global Markets as sole book-running manager and J&E Davy as co-manager in connection with the multicurrency notes offering, comprised of €260,000,000 7.375% First Priority Senior Secured Notes due 2017; $350,000,000 7.375% First Priority Senior Secured Notes due 2017; and $210,000,000 9.125% Senior Notes due 2020 by Ardagh Packaging Finance plc and Ardagh MP Holdings USA Inc.

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Tags:  Cahill Gordon & Reindel LLP | New York