Davis Polk Advises Línea Amarilla S.A.C. on $885 Million Hybrid Project Financing

Davis Polk advised Línea Amarilla S.A.C. (Línea Amarilla) as issuer and borrower, Línea Amarilla Brasil Participações S.A. (Línea Amarilla Brasil) as sponsor, and Investimentos e Participações em Infraestrutura S.A. – Invepar (Invepar) as limited recourse completion guarantor, in connection with a hybrid project financing in Peru in an overall amount of $885 million ($527 million from financiers and $358 million from guaranteed shareholders’ equity).

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents JPMorgan as Financial Advisor to the Board of Directors of Conversus Capital in $1.4 Billion Sale of Portfolio Interests to HarbourVest

Simpson Thacher represented JPMorgan as financial advisor to the Board of Directors of Conversus Capital, L.P. in connection with the agreement by HarbourVest Structured Solutions II, L.P., a newly-formed partnership managed by HarbourVest Partners LLC, to acquire 100% of Conversus Capital’s private equity fund interests and direct co-investments for $1.4 billion in cash (except to the extent that Conversus Capital unit holders elect to receive rollover ownership interests in HarbourVest Structured Solutions II) based on account balance date of April 30, 2012. The purchase price is subject to adjustments primarily consisting of net portfolio cash flows subsequent to April 30, 2012. The transaction is subject to customary closing conditions, including receipt of various general partner consents with respect to some of Conversus Capital’s investments.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Motley Rice Welcomes New Member Rebecca M. Katz

Motley Rice LLC today announces that plaintiffs’ attorney Rebecca M. Katz, who has committed more than 20 years to fighting for the rights of clients harmed by corporate malfeasance, has joined the firm as a managing member of its New York office and leader of its expanding SEC whistleblower practice. With a history of helping defrauded investors recover their losses, Katz brings a strong securities work background to the firm’s efforts on behalf of individual and institutional investors.

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Tags:  Motley Rice LLC | New York

Simpson Thacher Represents Melrose PLC on its Proposed Acquisition of Elster Group SE and its Related Fully Underwritten Rights Issue and New Debt Facility

The Firm is representing Melrose PLC on its recently announced proposed acquisition of Elster Group SE, a European public limited liability company based in Essen, Germany and listed on the NYSE. The acquisition will be implemented principally by a US tender offer to Elster ADS holders and Elster shareholders (which is expected to commence on 6 July 2012), with an aggregate equity value of approximately $2.3 billion. Melrose intends to fund the acquisition and associated expenses through a combination of a fully underwritten UK equity rights issue to raise approximately $1.8 billion and a new debt facility of approximately $2.3 billion which will also be available to refinance existing Melrose and Elster debt. The transaction is subject to regulatory clearances in the USA, EU, Russia and Ukraine and is expected to close during August 2012.

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Tags:  Simpson Thacher & Bartlett LLP | New York