McDermott Advises H.I.G. Growth Partners in Health Services Acquisition

International law firm McDermott Will & Emery LLP today announced that it successfully represented H.I.G. Growth Partners and its newly formed portfolio company, Community Intervention Services, Inc, (CIS), in the acquisition by CIS of Massachusetts-based South Bay Mental Health Center, Inc. The McDermott team also advised on the financing of the deal, which included both senior secured term and revolving credit facilities from multiple sources.

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Latham & Watkins Advises Watson Pharmaceuticals in EUR4.25 Billion Acquisition of Actavis Group

Watson Pharmaceuticals, Inc. and Actavis Group have jointly announced that Watson has entered into a definitive agreement to acquire privately held Actavis for an upfront payment of EUR4.25 billion. Actavis has operations in more than 40 countries and presently has a portfolio which includes more than 1,000 medicines present on the market and registered in more than 70 countries.  As a result of the transaction, Watson will become the third largest global generics company, with 2012 anticipated pro forma revenue of approximately US$8 billion. The acquisition will be subject to customary conditions in and outside of the United States, and Watson anticipates closing the transaction in the fourth quarter of 2012.

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Mayer Brown Names Stephen Rooney a Co-leader of Insurance Finance Group and Banking & Finance Partner

Mayer Brown, a leading global law firm, announced that Stephen G. Rooney has joined the firm in New York as a partner and co-leader of the Insurance Finance Group. He also is a member of the firm’s Banking & Finance practice. For more than 20 years, he was a partner at Dewey & LeBoeuf in their corporate insurance practice and served as the global chair of the firm’s Structured Finance Practice Group.

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Paul Hastings Announces Opening of Houston Office and Addition of Leading Energy-Focused Transactional Partners

Paul Hastings LLP, a leading global law firm, announced today the opening of an office in Houston, Texas and the addition of three leading energy- focused transactional partners. The new lawyers all have prominent practices in the energy industry, which will advance the firm’s goal to build a leading energy practice. The launch of the office in Houston follows the recent announcement that the firm was the first U.S. law firm to submit preliminary applications to establish an office in South Korea.

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Tags:  Paul Hastings, LLP | Houston