Davis Polk is advising Dynacast International and its primary private equity owners, including Izurium Capital Management, W Capital Management and Laurel Crown Partners, in connection with the $1.1 billion acquisition of a controlling stake by Partners Group. The transaction has fully committed financing from JPMorgan Chase Bank, N.A., Barclays and Macquarie Capital, and is expected to close in February 2015. More >>
Tags: Davis Polk & Wardwell LLP | New York | Silicon Valley | WashingtonDavis Polk advised Ingram Micro Inc. on its SEC-registered debt offering of $500 million aggregate principal amount of notes due 2024. The offering was made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC. More >>
Tags: Davis Polk & Wardwell LLP | Silicon Valley
Kirkland & Ellis LLP advised CHS Capital and Royall & Company in the sale of Royall & Company, the higher education industry leader in strategic, data-driven student engagement and enrollment management solutions, to the Advisory Board Company (NASDAQ: ABCO), a global, insight-driven technology, research, and services provider. Under the terms of the agreement, the Advisory Board will purchase Royall for $850 million, consisting of $750 million in cash and $100 million in Advisory Board stock. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Silicon Valley | Washington
Simpson Thacher represented the initial purchasers, led by Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the private placement of an aggregate principal amount of $500 million 3.300% Senior Notes due 2019 and $600 million 4.550% Senior Notes due 2024 by Keysight Technologies, Inc. in connection with its separation from its parent, Agilent Technologies, Inc. More >>
Tags: Simpson Thacher & Bartlett LLP | Palo Alto | Silicon ValleyCooley is advising Move, Inc. on its $950 million pending sale to News Corporation. The deal is the largest acquisition thus far for News Corp, according to The Wall Street Journal.
Move is a leading online real estate business that operates the real estate listings sites Realtor.com and Move.com. Publishing company News Corp owns The Wall Street Journal and Dow Jones Newswires. The acquisition is said to accelerate News Corp’s digital and global expansion by making online real estate a powerful component of its portfolio. More >>
Tags: Palo Alto | Silicon Valley
O’Melveny & Myers LLP represented GIC, Singapore’s sovereign wealth fund, in a definitive agreement to invest US$700 million, along with PSP Investments and Ontario Teachers’ Pension Plan, in XPO Logistics. The transaction is scheduled to close on September 17, 2014. More >>
Tags: O'Melveny & Myers, LLP | Silicon Valley | Singapore
Reed Smith today welcomes a further addition to its expanding Silicon Valley office: longtime Palo Alto insider George A. Willman, who joins the firm as a partner in its Corporate & Securities Group.
Tags: Reed Smith LLP | Silicon ValleyDavis Polk advised Goldman, Sachs & Co. as initial purchaser in connection with a Rule 144A offering by NVIDIA Corporation of an aggregate principal amount of $1.5 billion of its 1% convertible senior notes due 2018, which included $200 million aggregate principal amount of notes from the full exercise of the initial purchaser’s over-allotment option. In addition, Davis Polk advised Goldman, Sachs & Co. as counterparty to convertible note hedge and warrant transactions in connection with the convertible notes offering.
Tags: Davis Polk & Wardwell LLP | Silicon ValleyThe Firm represented Seagate Technology plc (“Seagate”) in connection with its Rule 144A and Regulation S offering of $800 million aggregate principal amount of 3.75% Senior Notes due 2018. The notes were issued by Seagate HDD Cayman, a wholly owned subsidiary of Seagate, and guaranteed by Seagate. Morgan Stanley acted as sole lead and bookrunning manager of the offering.
Tags: Simpson Thacher & Bartlett LLP | Silicon ValleyDavis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as joint book-running managers and representatives of the initial purchasers in connection with a Rule 144A offering by ServiceNow, Inc. of $575 million aggregate principal amount of 0% convertible senior notes due 2018, which included $75 million aggregate principal amount of notes from the full exercise of the initial purchasers’ over-allotment option. In addition, Davis Polk advised Morgan Stanley & Co. International plc, JPMorgan Chase Bank, National Association and RBC Capital Markets, LLC as counterparties to convertible note hedge and warrant transactions in connection with the convertible notes offering.
Tags: Davis Polk & Wardwell LLP | Silicon Valley