Simmons & Simmons has advised long-standing client MTN Group Limited (“MTN”) on the sale of mobile network towers by its subsidiaries, MTN Côte d’Ivoire (“MTN CI”) and MTN Cameroon (“MTN CMR”). MTN has agreed to sell up to 931 towers in Côte d’Ivoire for US$141m and up to 827 towers in Cameroon for US$143m to IHS Holding Limited (“IHS”).
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Cleary Gottlieb Steen & Hamilton LLP announced today that it has opened a foreign legal consultant office in Seoul, Korea, following the receipt of necessary approvals from the Korean regulatory authorities. The office is the firm’s sixteenth office worldwide and its third in East Asia and follows the opening of the firm’s office in Abu Dhabi last month.
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Paul Hastings LLP, a leading global law firm, announced today that the firm represented LIN Media, a local multimedia company, in the closing of its acquisition of 13 broadcast network affiliates and related assets from seller New Vision Television for $334.9 million and the assumption of $12 million of debt.
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King & Wood Mallesons has acted as Australian counsel for 9 Joint Lead Arrangers, including Bank of America and Deutsche Bank, on Algeco Scotsman Group’s US$3.4 billion acquisition and debt financing, which included a US$1.25 billion revolving asset based loan (ABL), one of the largest ABLs to be completed in the Australian market.
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Leading law firm Seyfarth Shaw LLP announced today the addition of Labor & Employment partner Patrick Bannon to the firm’s Boston office. Bannon was previously a partner at McCarter & English.
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October 12, 2012 – Mario A. Iglesias recently joined the Fort Lauderdale office of GrayRobinson, P.A. as a shareholder. Iglesias brings nearly 30 years of legal experience representing national and international banks, commercial developers and individuals in matters involving banking and lending, real estate development and title services.
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Simpson Thacher represented The Blackstone Group L.P. (“Blackstone”) in the establishment of its seventh global opportunistic real estate fund, Blackstone Real Estate Partners VII L.P. (“BREP VII”). Blackstone has announced that BREP VII raised approximately $13.3 billion of total commitments from more than 250 investors globally and that BREP VII is the largest opportunistic real estate private equity fund ever raised.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented the underwriters, led by joint bookrunners, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, in the initial public offering by Realogy Holdings Corp. (“Realogy”) of an aggregate of 40,000,000 shares of its common stock. Realogy also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares to cover over-allotments, which was exercised in full on October 11, 2012. The offering is the largest real estate offering ever and it priced at $27.00 per share, which was the top of the indicative price range. The offering raised aggregate net proceeds of approximately $1.2 billion. Realogy’s common stock is listed on The New York Stock Exchange under the symbol “RLGY” and opened for trading on October 11, 2012. Realogy intends to use the net proceeds of the offering, together with cash on hand, primarily to repay outstanding indebtedness.
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Morrison & Foerster is pleased to announce that David Bresnick will join the firm’s London office as a partner in the Corporate practice. Mr. Bresnick represents technology and telecom companies in mergers and acquisitions, corporate finance, private equity investments and related matters.
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Corrs Chambers Westgarth has appointed foremost planning and development specialist, Michael Leong, as a partner in its Planning, Environmental and Local Government (PELG) practice. He will be based in Brisbane.
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