Kirkland & Ellis LLP is pleased to announce that nationally recognized trial lawyer James F. Hurst will join the Firm’s Chicago office as a partner in the Litigation and Intellectual Property Practice Groups. Mr. Hurst brings 25 years of experience trying cases in areas ranging from antitrust to intellectual property to appeals before the U.S. Supreme Court. More >>
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Mayer Brown, a leading global law firm, represented the Texas Department of Transportation (TxDOT) in a competitive procurement for and structuring of a public-private partnership (PPP) for the design, construction, financing, operation and maintenance of Texas SH 183 managed lanes project, located in the Dallas/Ft. Worth area. More >>
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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 >>
Tags: Ropes & Gray LLP | Boston | ChicagoJones Day is advising The Procter & Gamble Company (“P&G”) in the sale of its Duracell personal power business to Berkshire Hathaway Inc. for $2.9 billion. Following the sale of P&G’s interest in its Nanfu joint venture, which operated P&G’s battery business in China, P&G entered into a Transaction Agreement on November 13, 2014 with Berkshire Hathaway Inc. and certain of its affiliates under which P&G will transfer its Duracell business to Berkshire Hathaway in a private split-off transaction. In this unusual tax-free structure (sometimes referred to as a “cash rich private split”), P&G will convey its Duracell business (which will be infused with $1.8 billion in additional cash) to a newly formed subsidiary (SplitCo) and will exchange its shares in SplitCo for approximately $4.7 billion of outstanding P&G shares currently held by the Berkshire Hathaway group. The transaction is expected to close in the second half of calendar year 2015. More >>
Tags: Atlanta | Chicago | Cleveland | Dallas | New York | San DiegoKirkland & Ellis LLP represented Wynnchurch Capital in the raising of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P., which announced its final closing at $1.2 billion of limited partner commitments. The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014. More >>
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McGuireWoods lawyers from the firm’s Houston and Chicago offices advised Tesoro Logistics LP in its $2.5 billion acquisition of QEP Resources Inc.’s natural gas pipeline and processing business, the latest in a series of major asset acquisitions McGuireWoods has negotiated for the Fortune 100 energy company.
Tesoro Logistics is an affiliate Tesoro Corp., which operates six petroleum refineries in the western United States with a combined capacity of more than 850,000 barrels per day. Its acquisition of QEP Field Services includes strategically located, high-quality natural gas pipelines and processing facilities in the Rockies, the Uinta Basin and North Dakota. The acquisition of QEP Field Services will enable Tesoro Logistics to offer integrated crude oil and natural gas services throughout its geographic footprint. The transaction is expected to close in the fourth quarter of 2014 and is subject to regulatory approval. More >>
Tags: McGuireWoods LLP | Chicago | HoustonKirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New YorkMayer Brown represented Dublin-based helicopter lessor The Milestone Aviation Group and a consortium of financial investors led by private equity firm The Jordan Company in Milestone’s $1.775 billion stock sale to GE Capital Aviation Services, the aircraft leasing unit of GE. Milestone is the world’s largest helicopter-leasing company by fleet value and the first global aircraft operating lease company focused exclusively on the helicopter market. Mayer Brown also represented the financial investors in initially forming Milestone in 2010 and in multiple capital raising transactions. More >>
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Nixon Peabody is making a big move that significantly diversifies its services in Chicago. William Meyer, Jr., and Randolph Perkins have moved their corporate and litigation practices to Nixon Peabody from Schiff Hardin.
“Having the ability to provide a broader portfolio of services in Chicago is a key focus for our firm because many of our clients are based there,” said Andrew I. Glincher, CEO and managing partner of Nixon Peabody LLP. “Bill and Randy are innovative in their approach to client service, entrepreneurial in their thinking about their businesses, and team-oriented—all qualities that our firm and our clients value. They are a great fit with our focus on helping clients advance their legal and business strategies.” More >>
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