Simpson Thacher Represents Nielsen in $1.0 Billion Secondary Offering of Common Stock

The Firm recently represented Nielsen Holdings N.V. (“Nielsen”), a portfolio company of AlpInvest Partners, The Blackstone Group, The Carlyle Group, Centerview Partners, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners (together, the “Sponsors”) in connection with a secondary offering of 34,500,000 shares of Nielsen’s common stock.  The offering closed at a public offering price of $30.25 per share, resulting in gross proceeds to the Sponsors of approximately $1.0 billion.

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Tags:  Simpson Thacher & Bartlett LLP | New York

WilmerHale Advises SS&C Technologies in $906.5 Million Bid Takeover

In a bidding war for London-based GlobeOp Financial Services, WilmerHale represented SS&C Technologies in its takeover cash offer of $906.5 million. The bid topped an $805 million offer from buyout house TPG Capital, announced earlier this year in February. SS&C has offered to pay $7.69 per share for GlobeOp – an 11 percent premium on TPG’s bid. The deal has been unanimously approved by the board of directors of SS&C and the independent directors of GlobeOp.

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Tags:  Wilmer Cutler Pickering Hale and Dorr LLP | New York

Sutherland Expands New York Insurance Practice with Addition of Six Partners

Sutherland Asbill & Brennan LLP announced today that the firm is significantly expanding its insurance and tax practices by adding six of the country’s leading insurance regulatory, tax and transactional attorneys. James R. Dwyer, Jeffrey H. Mace, John S. Pruitt, Linda A. Sciuto, Cynthia R. Shoss and P. Bruce Wright, are joining the firm’s New York office as partners. All six attorneys were previously partners at Dewey & LeBoeuf.

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Tags:  Eversheds Sutherland | New York

Shearman & Sterling Advises on American Tower Corporation Notes Offering

Shearman & Sterling worked on an offering of investment grade notes of American Tower Corporation, a wireless and broadcast communications infrastructure company with a portfolio of over 45,000 communications sites, including wireless and broadcast towers located in the United States, Brazil, Chile, Colombia, India, Ghana, Mexico, Peru and South Africa. Shearman & Sterling represented the underwriters, led by J.P. Morgan and other joint bookrunning managers Citigroup, Mizuho Securities, Morgan Stanley and TD Securities, on the shelf takedown of $700 million of 4.70% Senior Notes due 2022. American Tower Corporation plans to use the proceeds to refinance the existing indebtedness it incurred under credit facilities, which have been used to fund recent acquisitions.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk – AK Steel Corporation $300 Million Senior Notes Offering

Davis Polk advised Merrill, Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers of an SEC-registered offering by AK Steel Corporation of $300 million principal amount of 8.375% senior notes due 2022, guaranteed on a senior unsecured basis by AK Steel Holding Corporation.

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Tags:  Davis Polk & Wardwell LLP | New York