Simpson Thacher represented American Industrial Partners in connection with the establishment of its fifth private equity fund, American Industrial Partners Capital Fund V, L.P. (the “Fund”). The Fund, which raised $700 million in limited partner commitments, held a first and final closing after only two months of fundraising. American Industrial Partners seeks to acquire control positions in industrial companies based in North America.
Tags: Simpson Thacher & Bartlett LLP | New York Simpson Thacher Represents Underwriters Led by Goldman Sachs in First Niagara Financial Group’s $1.13 Billion Common Stock, Preferred Stock and Subordinated Notes Offerings
The Firm represented the underwriters in connection with three registered public offerings by First Niagara Financial Group, Inc. (the “Company”): (i) 56,911,764 shares of common stock, underwritten by Goldman, Sachs & Co., Sandler O’Neill + Partners, L.P., BofA Merrill Lynch, and Keefe, Bruyette & Woods; (ii) 14,000,000 shares of Fixed-to-Floating Rate Perpetual Non-cumulative Preferred Stock, Series B, at a liquidation preference of $25 per share, underwritten by Goldman, Sachs & Co., BofA Merrill Lynch, Wells Fargo Securities, Citigroup and Sandler O’Neill + Partners, L.P.; and (iii) $300 million aggregate principal amount of 7.25% Subordinated Notes due 2021, underwritten by Goldman, Sachs & Co., Sandler O’Neill + Partners, L.P. and BofA Merrill Lynch.
Tags: Simpson Thacher & Bartlett LLP | New York Schnader Welcomes Timothy M. Gladden to the Firm
Schnader Harrison Segal & Lewis LLP is pleased to announce that Timothy M. Gladden has joined the Firm’s New York office as a member of the Business Services Department.
Tags: Schnader, Harrison, Segal & Lewis, LLP | New York Davis Polk – IDEX Corporation $350 Million Notes Offering
Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering by IDEX Corporation of $350 million principal amount of 4.200% senior notes due 2021.
Tags: Davis Polk & Wardwell LLP | New York Davis Polk Advises V.F. Corporation on Its $1.25 Billion Revolving Credit Facility
Davis Polk advised V.F. Corporation, V.F. Investments S.a r.l. and VF Enterprises S.a r.l. in connection with a new five-year $1.25 billion multicurrency unsecured revolving credit facility. The facility refinances V.F. Corporation’s existing domestic and international revolving credit facilities and may be used for general corporate purposes, including acquisitions, repurchases of outstanding shares of V.F. Corporation’s common stock and other lawful corporate purposes.
Tags: Davis Polk & Wardwell LLP | New York Davis Polk Advises CVS Caremark on Its Cash Tender Offer for Its Enhanced Capital Advantaged Preferred Securities
Davis Polk advised CVS Caremark Corporation in connection with its cash tender offer for any and all of its $1 billion outstanding 6.302% enhanced capital advantaged preferred securities. Barclays Capital Inc. and Deutsche Bank Securities Inc. were the dealer managers for the tender offer.
Tags: Davis Polk & Wardwell LLP | New York Simpson Thacher Represents Initial Purchasers in $800 Million Debt Offering by SESI, L.L.C.
Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in an offering by SESI, L.L.C of $800 million aggregate principal amount of 7.125% Senior Notes due 2021, in connection with the $2.7 billion acquisition of Complete Production Services, Inc. by Superior Energy Services, Inc. The offering was conducted pursuant to Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | New York Judith Joan Sullivan Joins Anderson Kill & Olick as head of the International Business Department
Anderson Kill & Olick is pleased to announce that Judith Sullivan joins Anderson Kill & Olick today as a Shareholder in our Corporate Group where she will head the International Business Department. She serves a broad range of industries including private equity, insurance, airline, manufacturing, publishing, banking, entertainment, software and real estate in transactional business counseling and litigation. Her international clients range from Northern Europe to the Middle East to Australia.
Tags: Anderson Kill P.C. | New York Shearman & Sterling Represents Citigroup in a Secondary Public Offering of 2,000,000 Shares of ExlService’s Common Stock
Shearman & Sterling represented Citigroup as underwriter of a secondary public offering by certain stockholders affiliated with Oak Hill Capital Partners of 2,000,000 shares of ExlService Holdings, Inc. common stock.
Tags: Shearman & Sterling LLP | New York Simpson Thacher Successfully Represents Hellman & Friedman and Datatel in Obtaining Department of Justice Clearance of Proposed Combination with SunGard Higher Education
The Department of Justice Antitrust Division cleared the proposed combination of the businesses of Datatel and SunGard Higher Education, two providers of student information systems and related products for higher education institutions. The Antitrust Division cleared the proposed combination following a Second Request investigation. Affiliates of private equity firm Hellman & Friedman will acquire the SunGard Higher Education businesses from SunGard Data Systems and combine the acquired businesses under a new holding company with Datatel, an existing Hellman & Friedman portfolio company.
Tags: Simpson Thacher & Bartlett LLP | New York 




