Paul Hastings LLP, a leading global law firm, announced today that the firm represented Sterling Value Add Partners II, L.P. and its sponsor, The Sterling Organization, LLC, in the formation of a $311 million private investment fund that will focus on acquiring and managing value-add retail and mixed-use real estate investments in various target markets in the United States. The Fund held its final closing on December 9, 2014, raising capital from a diverse investor base including, among others, public and private pension funds, endowments and private foundations. Paul Hastings also represented the Fund in establishing a $75 million subscription line credit facility. More >>
Tags: Paul Hastings, LLP | New YorkLinklaters advises as AVR-Afvalverwerking B.V. establishes €400,000,000 Structured Secured Corporate Debt Issuance Platform
Linklaters has advised the leading banks as Dutch energy-from-waste and water treatment facility operator AVR-Afvalverwerking B.V. establishes a structured secured debt issuance platform pursuant to which AVR has raised €130,000,000 of senior term and revolving credit facilities from its relationship lenders, US$75,000,000, £16,000,000 and €197,000,000 of US private placement notes and €23,000,000 of institutional term debt by way of a European private placement. The senior debt has been rated BBB+ by Fitch and is supported by a 5-year dedicated liquidity facility. More >>
Tags: Linklaters | LondonFaegreBD Represents Couche-Tard in $1.7 Billion Acquisition of The Pantry
Faegre Baker Daniels is representing Alimentation Couche-Tard Inc. (Couche-Tard) in the acquisition of The Pantry in an all-cash transaction valued at approximately $1.7 billion including debt assumed. The companies signed a definitive merger agreement on Dec. 18, 2014, and the deal is expected to close in the first half of 2015, subject to the approval of The Pantry shareholders and customary regulatory approvals. More >>
Tags: Faegre Drinker Biddle & Reath LLP | IndianapolisDentons adds banking regulatory partner Lloyd Winans in New York office
Dentons announced today that Lloyd Winans joined its Corporate Practice as a partner, adding significant international and domestic banking and finance regulatory experience to the Firm’s already robust capabilities and increasing its ability to advise clients from Latin America and the Caribbean. He will be resident in the Firm’s New York office. More >>
Tags: Dentons | New YorkXerox’s $1.05 Billion Sale of ITO Business to Atos
Atos, an international leader in digital services, and Xerox, a global business services, technology and document management company, announced their intention for Atos to purchase Xerox’s ITO business for $1.05 billion and become a primary IT provider for Xerox. Cravath represented Xerox in connection with this transaction, which is subject to customary closing conditions, regulatory and antitrust approvals and is expected to close in the first half of 2015. More >>
Tags: New YorkVolcano to be Acquired by Philips for $1.2 Billion
Cahill Represents Underwriters in $966 Million Common Stock Offering by Aramark
Cahill represented the lead underwriters in connection with the public offering of 34,500,000 shares of Common Stock of Aramark (NYSE: ARMK), a leading global provider of food, facilities and uniform services, resulting in gross proceeds of $966,000,000. The selling stockholders received all of the proceeds of the sale.
Tags: Cahill Gordon & Reindel LLP | New YorkOpening of Broad & Bright Tokyo Office
Broad & Bright Tokyo Office is established by Broad & Bright in association with Japan Toranomon Chuo Law Firm (hereinafter referred to as ‘Toranomon Chuo Firm’) in a form of joint venture, which has been approved by the Ministry of Justice of Japan and Japan Federation of Bar Association, and registered in Japan as an overseas branch of Broad & Bright. The official registered name is Toranomon Chuo Law Firm Broad & Bright Foreign Law Firm (foreign law joint venture). More >>
Tags: TokyoHelsinki Corporate Team Advises Sellers on a Recent Transaction in Insurance Sector
Our Finnish Corporate group are advising a group of sellers, including Finland’s largest pension insurance companies Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, Elo Mutual Pension Insurance, Etera Mutual Pension Insurance Company, Veritas Pension Insurance, and Alandia Insurance as well as Veho Group Oy Ab, in the sale of their shares in Garantia Insurance Company Ltd to Finnish listed company Taaleritehdas Plc. More >>
Tags: HelsinkiVorys Continues Growth in Houston; Welcomes Nine Litigators
Vorys, Sater, Seymour and Pease LLP announced today that nine trial lawyers, with diverse civil litigation backgrounds, will join the firm’s Houston office. The attorneys will start at the firm on January 5. Their arrival continues the firm’s expansion in Houston and strengthens Vorys nationally recognized litigation and energy groups.
Dick Schwartz, Monica Oathout, David Finck, Phillip Bechter, Steve Rech and Heather Kabele will join Vorys as partners. Jim Marrow will join as of counsel, and Mark Merrell and Jim Barnish come to the firm as associates. All nine lawyers most recently practiced law at Schwartz, Junell, Greenberg & Oathout LLP in Houston. More >>
Tags: Vorys, Sater, Seymour and Pease LLP | Houston