Ropes & Gray Represents Cressey & Co. in Formation of New $615 Million Fund

Ropes & Gray advised Chicago- and Nashville-based Cressey & Company, a leading health care-focused private investment firm, in the formation of Cressey & Company Fund V, LP. Fund V, which closed with a combined $615 million in limited partner and general partner capital commitments, will focus on investing in premier platform businesses and accelerating growth organically and through acquisitions. The fund launched in July 2014; its closing was announced Dec. 8. More >>

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Verrill Dana to Combine with Prestigious Connecticut Law Firm

Verrill Dana LLP, a full-service law firm with principal offices in Portland, Maine and Boston, Massachusetts, announced today that the attorneys and staff of Levett Rockwood, P.C., a highly respected business law firm located in Westport, Connecticut, will join Verrill Dana on January 1, 2015. As a result of this combination, Verrill Dana will have approximately 140 lawyers and expand its ability to service clients throughout New England. More >>

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Ropes & Gray Advises Cressey & Co. and EHHI Holdings in $750 Million Sale of Encompass Home Health and Hospice to HealthSouth Corp.

Ropes & Gray represented Cressey & Co. LP and its portfolio company, EHHI Holdings, Inc., in the sale EHHI to HealthSouth Corp. for approximately $750 million. EHHI Holdings is the owner of Dallas, Texas-based Encompass Home Health and Hospice, a leading provider of Medicare-focused, skilled home health services in the United States. The transaction was announced Nov. 24 and is expected to close before the end of 2014. More >>

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Goodwin Advises GreenOak in $143 Million Joint Venture with Synergy Investments to Acquire Historic Boston Office Building

Goodwin Procter attorneys recently advised GreenOak Real Estate Advisors in connection with a joint venture with Synergy Investments to acquire 10 Post Office Square, a historic 13-story office building in Boston’s financial district, for $143 million. The building has 445,000 square feet of office space. Terms of the transaction were not disclosed. More >>

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Goodwin Procter Represents Paramount Group in $2.3 Billion IPO; Largest Ever REIT IPO

Goodwin Procter recently advised Paramount Group Inc. in connection with its initial public offering of 131 million shares of common stock. Shares priced at $17.50 per share, making the offering the largest IPO in the REIT industry since it was first established 50 years ago. The company is listed on the New York Stock Exchange and shares began trading on November 19, 2014 under the ticker “PGRE.” More >>

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Goodwin Procter Advises Royalty Pharma on $3.3 Billion Royalty Transaction with Cystic Fibrosis Foundation

Goodwin Procter attorneys recently advised Royalty Pharma in a $3.3 billion acquisition of the Cystic Fibrosis Foundation’s royalties on Vertex Pharmaceuticals’ cystic fibrosis treatments, the largest pharmaceutical royalty purchase ever completed. Funds will be used to expand cystic fibrosis research, care and service programs. More >>

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Goodwin Advises Hampden Bancorp in Merger with Berkshire Hills Bancorp

Goodwin Procter recently advised Hampden Bancorp, Inc. in connection with the signing of a definitive agreement pursuant to which Berkshire Hills Bancorp, Inc. will acquire Hampden. The transaction, valued at approximately $109 million, is expected to close in the second quarter of 2015. Under the terms of the merger agreement, shares of Hampden common stock will be exchanged for .81 shares of Berkshire Hills common stock. Berkshire Hill’s total assets will increase to $7.1 billion, including $706 million of assets acquired from Hampden Bank. More >>

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McDermott Advises Constellation Brands in $800 Million Notes Offering

International law firm McDermott Will & Emery LLP represented Constellation Brands, Inc., a leading beverage alcohol company, in its concurrent issuances on November 3, 2014 of $400 million aggregate principal amount of Senior Notes due 2019 and $400 million aggregate principal amount of Senior Notes due 2024 in a public offering under a shelf registration statement filed with the Securities and Exchange Commission. More >>

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Goodwin Procter Represents F-star Alpha in up to $475 Million Exclusive Purchase Option with Bristol-Myers Squibb

Goodwin attorneys recently advised F-star Alpha Ltd in connection with its exclusive option agreement with Bristol-Myers Squibb. Bristol-Myers Squibb has purchased an exclusive option to acquire F-Star Alpha and thereby gain worldwide rights to FS102, a Human Epidermal growth factor Receptor 2 (HER-2)-targeted therapy. Under the terms of the agreement, Bristol-Myers Squibb will make payments aggregating to $50 million that consist of an option fee for the right to acquire F-star Alpha, payment for certain rights and licenses from F-star Alpha and a clinical milestone payment upon initiation of the Phase 1 trial. Total aggregate consideration may reach $475 million. Additional details regarding the transaction are available in BMS’s press release. More >>

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Ropes & Gray Represents CRC Health Group in $1.175 Billion Sale to Acadia Healthcare

Ropes & Gray represented CRC Health Group Inc. in its planned $1.175 billion acquisition by Acadia Healthcare announced Oct. 29. CRC is a California-based substance abuse treatment provider operating 120 facilities dedicated to the service of approximately 40,000 patients each day. The deal is scheduled to be completed in the first quarter of 2015. More >>

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