Monthly Archives: July 2012

Simpson Thacher Represents Goldman Sachs in an Offering of Secondary Shares Represented by Global Depositary Shares of Parade Technologies, Ltd.

Thursday, July 26, 2012

The Hong Kong office of the Firm represented Goldman Sachs International, as initial purchaser, in connection with the US$58.6 million 144A/Reg S offering of global depositary shares by certain shareholders of Parade Technologies, Ltd. (“Parade”). An integrated circuit design company, Parade was one of the first companies to develop display solutions using the high-bandwidth DisplayPort interface standard, which are used in tablet PCs and LCD monitors, and is a leading provider of DisplayPort-based solutions. Parade is a Cayman Islands company with headquarters in Silicon Valley, and its ordinary shares are listed on the GreTai Securities Market in the Republic of China (Taiwan). This transaction was the first offering of Global Depositary Shares of Parade.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Paul Hastings Represents Leading Brazilian Transmission Company TAESA in BRL 1.76 Billion Equity Offering

Thursday, July 26, 2012

Paul Hastings, a leading global law firm, announced today that the firm represented Brazil’s Transmissora Aliança de Energia Elétrica S.A. (TAESA), a Brazilian electric-transmission company in a BRL 1.755 billion (US$ 876 million) public equity offering. The deal is the second largest equity offering out of Brazil in 2012. The offering represents a re-IPO for TAESA as it is the first time it has accessed the public equity markets since its IPO in 2006. The securities priced within range in what has been characterized as a tough year for the Brazilian equity markets. The deal was significantly oversubscribed driven by investors attracted to the energy sector in Brazil. TAESA also enjoys strong shareholder support from its joint controlling shareholders CEMIG Geração e Transmissão, a subsidiary of CEMIG (NYSE: CIG; CIG.C), and FIP Coliseu.

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Tags:  Paul Hastings, LLP | New York

Paul Hastings Advises Initial Purchasers on US$350 Million High Yield Bond Offering by Empresas ICA, S.A.B. de C.V.

Thursday, July 26, 2012

Paul Hastings, a leading global law firm, announced today that the firm represented the initial purchasers on an offering of 8.375% senior guaranteed notes due 2017 of Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), Mexico’s largest construction and infrastructure operations company. Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs were lead bookrunners with BBVA, Morgan Stanley and Santander as initial purchasers. The deal was upsized from US$300 million and was more than six times oversubscribed reflecting strong investor interest in Latin America high yield issuances. Proceeds of the high yield debt offering will be used to pay short term debt.

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Tags:  Paul Hastings, LLP | New York

Paul Hastings Represents Carey Watermark Investors, Inc. in Three Hotel Acquisitions

Thursday, July 26, 2012

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Watermark Capital Partners and its real estate investment trust (REIT), Carey Watermark Investors, Inc. in the acquisitions of the Hampton Inn Boston/ Braintree, The Hilton Garden Inn in New Orleans French Quarter/ Central Business District and the acquisition of a 97% interest in Lake Arrowhead Resort & Spa in Lake Arrowhead, California.

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Tags:  Paul Hastings, LLP | Los Angeles

Morgan Lewis Represents VTB Bank on Financing for VTB Arena

Thursday, July 26, 2012

The financing agreements for VTB Bank’s VTB Arena were signed in Moscow in a recent ceremony attended by Russian Prime Minister Dmitry Medvedev and Italian Prime Minister Mario Monti. VTB Bank has borrowed a €500 million loan for the construction of the stadium, which has been heralded as one of the Russian Federation’s largest development projects. The stadium will be jointly owned by Dynamo FC, a Moscow team that plays in the Russian Premier League, and VTB Bank, which owns a majority stake in the team. The stadium will be a focal part of the 2018 FIFA World Cup, which will be hosted by Russia.

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Tags:  Morgan, Lewis & Bockius LLP

Morgan Lewis Advises Sprint Capital on Acquisition of Kazakh Potash Business

Thursday, July 26, 2012

Kazakhstan Fertilisers Group Pte Ltd. (“Kazfert”), an investment vehicle managed by Hong Kong-based private equity firm Sprint Capital Management Limited, has entered into an agreement with Satimola Ltd to acquire Satbor LLP, a potash mining and exploration business in Kazakhstan. The deal value has not been disclosed and the closing of the transaction is subject to regulatory and certain other conditions.

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Tags:  Morgan, Lewis & Bockius LLP

Jeffrey N. Labovitch Joins Gordon & Rees’s San Diego Office

Thursday, July 26, 2012

Jeffrey N. Labovitch has joined the San Diego office as a partner in the Insurance Coverage, Commercial Litigation and Professional Liability practice groups. Mr. Labovitch’s practice specializes in handling complex insurance coverage matters. He has extensive experience advising insurance companies with respect to general insurance coverage matters and defending and prosecuting insurance companies’ most challenging and complex problems at both the trial and appellate levels. Mr. Labovitch also specializes in business litigation, the prosecution and defense of intellectual property claims, and defending professional liability claims under errors & omissions policies.

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Tags:  Gordon Rees Scully Mansukhani, LLP