Pearson plc, the world’s leading learning company, today announced the acquisition of EmbanetCompass, a provider of online learning services for non-profit academic institutions, from an investor group led by private equity and venture capital firm Technology Crossover Ventures and global education company Knowledge Universe, for $650 million in cash. The transaction is subject to Hart-Scott-Rodino review.
Tags: Morgan, Lewis & Bockius LLP | New York
Cravath represented Crown Castle International Corp. in connection with its US$1.65 billion 144A/Reg. S high-yield senior debt offering. Crown Castle International Corp. is an owner, operator and lessor of shared wireless infrastructure. The transaction closed on October 15, 2012.
Tags: Cravath, Swaine & Moore LLP | New York
King & Spalding has recruited Merrick White, one of the most well-regarded oil and gas lawyers in Asia, as a partner in its energy practice. White joins King & Spalding from Clifford Chance, where he was a partner. White will be based in King & Spalding’s Singapore office.
Tags: King & Spalding LLP | Singapore
Baker & McKenzie is acting as counsel to ARA Asia Dragon Fund (“ADF”) in relation to Dynasty Real Estate Investment Trust’s (“Dynasty REIT”) landmark initial public offering (“IPO”) in Singapore. ADF is the seller of the three commercial properties, located in primary commercial centres in Nanjing, Dalian and Shanghai, that will form the initial portfolio of Dynasty REIT. In addition, the Firm is acting as borrower’s counsel to Dynasty REIT on its IPO-related debt financing.
Tags: Baker McKenzie | Hong Kong
The global law firm Jones Day announces that Frank Layson and Erik Belenky have joined the 140 lawyer Atlanta Officeas partners in the Mergers & Acquisitions Practice. Both were formerly partners in Paul Hastings LLP’s Atlanta office.
Tags: Jones Day
Mayer Brown, a leading global law firm, announced that James C. Williams has joined the firm’s Chicago office as a partner in the Employment & Benefits Group.
Tags: Mayer Brown LLP
Charles D. Ossola, an intellectual property lawyer with extensive first-chair trial experience in courts throughout the United States, has joined Vinson & Elkins LLP as a partner in Washington, DC.
Tags: Vinson & Elkins LLP
Simpson Thacher represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Banco BTG Pactual S.A., as initial purchasers, in connection with the initial equity offering by InRetail Peru Corp.
Tags: Simpson Thacher & Bartlett LLP | Sao PauloThe Firm represented Morgan Stanley as the sole underwriter in a secondary offering of 4,588,840 shares of Class A common stock of SBA Communications Corporation (“SBA”). The shares sold in the offering comprised all of the shares issued by SBA to the selling shareholders in connection with SBA’s acquisition of TowerCo. The offering closed on October 5, 2012 and resulted in gross proceeds to the selling shareholders of $284.2 million.
Tags: Simpson Thacher & Bartlett LLP | New York
One of the nation’s premier gaming practice groups, chaired by named partner Frank Schreck, expanded its national, multi-jurisdictional platform with the opening of an Atlantic City office and the hiring of New Jersey gaming attorneysPaul O’Gara, Pacifico “Pat” Agnellini and Dennis Daly. The office opened today and is located at Absecon Professional Center, 707 White Horse Pike, Suite C-5, Absecon, NJ 08201.
Tags: Brownstein Hyatt Farber Schreck, LLP