Arnold & Porter Represents Republic of Turkey in Its Second Islamic Bond Offering

The Republic of Turkey closed today a $1.25 billion Sukuk offering, its second such closely-watched financing transaction within the last 14 months. The Republic had closed its first-ever Islamic finance offering in September, 2012, which consisted of lease certificates due in 2018 and had also raised $1.5 billion. In the latest offering, the New York and London offices of Arnold & Porter LLP again acted as Turkey’s international legal counsel, in association with Somay Hukuk Burosu, the Republic’s Turkish counsel.

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Tags:  Arnold & Porter Kaye Scholer LLP | New York

Simpson Thacher Represents First Reserve Corporation in its Investment in American Energy – Utica, LLC

Simpson Thacher is representing First Reserve Corporation in connection with its equity investment in an aggregate $1.7 billion fund-raising by American Energy – Utica, LLC (“AEU”). The proceeds of the fund-raising will be used by AEU to pursue a business plan focused on the Utica Shale play in eastern Ohio, including acquiring acreage of leaseholds and financing drilling operations which are expected to commence in the fourth quarter of 2013.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Willkie Represents Men’s Wearhouse in Rejection of $2.3 Billion Buyout Bid

On October 9, Willkie client Men’s Wearhouse announced that after careful evaluation its Board of Directors has determined to reject a $2.3 billion buyout bid from men’s apparel retailer Jos. A Bank Clothiers, Inc. As widely reported in the press, the Board concluded that the unsolicited, non-binding proposal of $48 per share “undervalues Men’s Wearhouse and its strong prospects for continued growth and value creation, and is not in the best interests of Men’s Wearhouse or its shareholders.” Founded in 1973, Houston-based Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,137 stores. Based in Hampstead, MD, Jos. A Bank has over 600 stores nationwide.

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Tags:  Willkie Farr & Gallagher LLP | New York

Reed Smith Expands Tax and Corporate Practices with Five Member Dentons Team

Reed Smith LLP today announced the addition of a high-level team of three partners, one counsel and one economist from Dentons with a premier reputation in international tax and transfer pricing. The group is led by partner David Hryck, formerly U.S. Head of International Tax at Dentons, and includes partners Jeffrey Korenblatt and David Mason.

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Tags:  Dentons | New York

Simpson Thacher Represents Stonepeak Infrastructure Partners in Establishing Inaugural $1.65 Billion Private Equity Fund

Simpson Thacher represented Stonepeak Infrastructure Partners in the establishment of Stonepeak Infrastructure Fund LP, a private equity fund focused on infrastructure investment opportunities in the North American middle market, targeting the water and utilities, energy and power and transportation sectors.   The Fund, which was oversubscribed, accepted capital commitments up to its cap of $1.65 billion.  Stonepeak was founded by Michael Dorrell and Trent Vichie, who were formerly members of the infrastructure investment team at Blackstone.

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Tags:  Simpson Thacher & Bartlett LLP | New York