Kirkland & Ellis LLP represented Madison Dearborn Partners and Ikaria, Inc., a privately held critical care company, which today announced that it has reached a definitive agreement with Mallinckrodt plc under which a subsidiary of Mallinckrodt will acquire Ikaria from a Madison Dearborn-led investor group in a transaction valued at approximately $2.3 billion. Mallinckrodt (NYSE: MNK), is a leading global specialty biopharmaceutical company. Subject to customary closing conditions, the parties expect the transaction to be completed early in the second calendar quarter of 2015. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | WashingtonShearman & Sterling Advises Lenders on $2.5 Billion Financing for EMC Corporation
Shearman & Sterling advised Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as joint lead arrangers and joint bookrunners, in connection with a $2.5 billion revolving credit facility for EMC Corporation. More >>
Tags: Shearman & Sterling LLP | New York | Palo AltoShearman & Sterling Advises Francisco Partners on Proposed Acquisition by Mitel Networks of Mavenir Systems
Shearman & Sterling is advising Francisco Partners LLP in the proposed $560 million acquisition by its portfolio company, Mitel Networks, of Mavenir Systems.
Mavenir Systems (NYSE:MVNR) provides software-based mobile networking solutions that enable service providers to deliver next generation services over 4G LTE networks. More >>
Tags: Shearman & Sterling LLP | Palo Alto | San FranciscoShearman & Sterling Advises Mizuho Bank on $3.2 Billion Acquisition of RBS Loan Portfolio
Shearman & Sterling is advising Mizuho Bank, Ltd., a wholly-owned subsidiary of Mizuho Financial Group, Inc., on its acquisition of the $36.5 billion US and Canadian loan portfolio of Royal Bank of Scotland Group in a $3.2 billion transaction. More >>
Tags: Shearman & Sterling LLP | New York | Palo Alto | TokyoMicrosoft Completes $10.75 Billion Debt Offering
Simpson Thacher Advises on Apple’s $6.5 Billion Bond Offering
Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank Securities Inc., in connection with the registered public offering by Apple Inc. of $6.5 billion aggregate principal amount of notes over five tranches with maturities ranging from 5 to 30 years. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple’s recently expanded program to return capital to shareholders, funding for working capital, capital expenditures and acquisitions and repayment of debt. More >>
Tags: Simpson Thacher & Bartlett LLP | Palo AltoIntellectual Property Group Expands Kaye Scholer’s Footprint in Silicon Valley
A team of leading intellectual property lawyers has joined Kaye Scholer LLP in the firm’s Silicon Valley office, bringing to the firm extensive patent litigation experience in the Life Sciences and Technology industries. The group is led by Deborah Fishman, who joins as a partner, and includes Krista Carter and Katie Scott, who join as counsel. More >>
Tags: Arnold & Porter Kaye Scholer LLP | Palo AltoShearman & Sterling Advises Lenders on $900 Million Multi-Currency Refinancing for Aon plc
Shearman & Sterling advised Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint bookrunners, in connection with a $900 million multi-currency refinancing for Aon plc, Aon Corporation and Aon UK Limited. More >>
Tags: Shearman & Sterling LLP | London | New York | Palo Alto | Silicon ValleySimpson Thacher Represents the Initial Purchasers in Micron Technology’s $1.0 Billion Senior Notes Offering
The Firm recently represented the initial purchasers, led by Goldman, Sachs & Co., Morgan Stanley and Credit Suisse, in connection with Micron Technology, Inc.’s offering of $1.0 billion aggregate principal amount of 5.25% Senior Notes due 2023. The notes were offered in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended. More >>
Tags: Simpson Thacher & Bartlett LLP | Palo AltoBaker Botts Represents Depomed in $1.05 Billion Acquisition of the U.S. Rights to the NUCYNTA Franchise from Janssen Pharmaceuticals
Depomed, Inc. (NASDAQ: DEPO) today announced that it has entered into a definitive agreement to acquire the U.S. rights to the NUCYNTA franchise from Janssen Pharmaceuticals, Inc. for $1.05 billion. The NUCYNTA franchise includes NUCYNTA® ER (tapentadol) extended release tablets indicated for the management of pain, and NUCYNTA® (tapentadol), an immediate release version of tapentadol. The deal will make NUCYNTA the flagship asset in Depomed’s growing portfolio of pain and neurology specialty pharmaceuticals. More >>
Tags: Baker Botts L.L.P. | Palo Alto