Shearman & Sterling Advises NGP Energy Capital Management on $3.586 Billion Fund

Shearman & Sterling advised NGP Energy Capital Management (NGP) in the closing of NGP Natural Resources X, L.P., a $3.586 billion private equity fund. NGP X will continue NGP Energy Capital Management’s 23-year history as a premier provider of private capital and sponsorship to the natural resources industry, focusing on oil and gas production, oilfield services, and the energy mid-stream sectors through its Natural Gas Partners investment platform and focusing on the water resources and services and food and agriculture sectors through its NGP Global Adaptation Partners investment platform. NGP X will be managed by NGP, bringing the cumulative capital managed by NGP and its affiliates since inception to a total of $13 billion.

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Tags:  Shearman & Sterling LLP | New York

Simpson Thacher Represents Blackstone in the Sale of $495 Million Hotel Portfolio

The Firm is representing affiliates of Blackstone Real Estate Partners in connection with their sale of a hotel portfolio to DiamondRock Hospitality Company for approximately $495 million of cash and DiamondRock common stock. The hotels included in the sale are the Hilton Boston, the Westin Washington D.C., the Westin San Diego and the Hilton Burlington.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholders in Offering of 9,200,000 Shares of Common Stock

The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group) and certain management shareholders in the sale by the selling shareholders of 9,200,000 shares of TeamHealth common stock, resulting in gross proceeds of $220,340,000. After giving effect to the offering, Ensemble Parent LLC owns approximately 40% of TeamHealth’s common stock. Barclays and Citigroup acted as underwriters for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Prominent Real Estate Attorneys Thomas Infurna and Lauren Wyler Join Eckert Seamans’ Metropolitan New York Office

Eckert Seamans Cherin & Mellott, LLC, a full-service national law firm, continues its growth with the addition of real estate attorneys Thomas J. Infurna and Lauren F. Wyler. Both are highly recognized and experienced in sophisticated real estate matters, and come to the firm from the New York office of McGuireWoods LLP. Infurna focuses on commercial real estate finance and asset-based finance, while Wyler concentrates on real estate finance and development transactions.

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Tags:  New York

Davis Polk Advises Patriot Coal in Connection with Its Chapter 11 Reorganization and DIP Financing

Davis Polk is advising Patriot Coal Corporation in connection with its reorganization under Chapter 11 of the Bankruptcy Code and the related $802 million in debtor-in-possession (DIP) financing. Patriot Coal and substantially all of its wholly owned subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York on July 9, 2012.

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Tags:  Davis Polk & Wardwell LLP | New York

Akin Gump Advises on $500 Million Private Placement of S.A.C. Re

Akin Gump Strauss Hauer & Feld LLP served as legal counsel to S.A.C. Capital Advisors, L.P. in a $500 million private placement that helped launch S.A.C. Re, Ltd. S.A.C. Re is a Bermuda-based reinsurer whose founding investors include Steven A. Cohen and Capital Z. Partners III, L.P. It will target a combination of high margin property catastrophe and other property classes and low severity casualty reinsurance business.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | New York