Shearman & Sterling represented Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as joint bookrunning managers, in connection with a Rule 144A/Regulation S offering of $625 million aggregate principal amount of 6.75% Senior Notes due 2020 of Cott Beverages Inc., a wholly owned subsidiary of Cott Corporation. The offering was used to finance Cott Corporation’s acquisition of DSS Group, Inc., parent company of DS Services of America, Inc., a leading water and coffee direct-to-consumer services provider in the United States. More >>
Tags: Shearman & Sterling LLP | Palo Alto | TorontoMayer Brown represents Bristol-Myers Squibb in $1.4 billion pension de-risking
Mayer Brown LLP acted as counsel to Bristol-Myers Squibb Company in the transfer of $1.4 billion in US pension obligations, including related assets, for approximately 8,000 US retirees and their beneficiaries to The Prudential Insurance Company of America through the purchase of a group annuity contract. More >>
Tags: Mayer Brown LLP | Chicago | New York | Palo AltoRiverwood Capital Raises $1.25 Billion Private Equity Fund
Simpson Thacher represented Riverwood Capital Partners in connection with the organization of Riverwood Capital Partners II, L.P., an approximately $1.25 billion private equity fund focused on making equity-related growth investments in middle-market companies, primarily in the technology and services industries, seeking capital to achieve growth and profitability on a global scale. More >>
Tags: Palo AltoKirkland Advises CHS Capital and Royall & Company in Sale of Royall & Company to Advisory Board Company
Kirkland & Ellis LLP advised CHS Capital and Royall & Company in the sale of Royall & Company, the higher education industry leader in strategic, data-driven student engagement and enrollment management solutions, to the Advisory Board Company (NASDAQ: ABCO), a global, insight-driven technology, research, and services provider. Under the terms of the agreement, the Advisory Board will purchase Royall for $850 million, consisting of $750 million in cash and $100 million in Advisory Board stock. More >>
Tags: Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Silicon Valley | WashingtonShearman & Sterling Advises on CGN Power’s US$3.2 Billion Hong Kong IPO
Shearman & Sterling advised CGN Power Co., Ltd. (“CGN Power”), the largest nuclear power producer in China, in connection with its primary listing on the Main Board of The Stock Exchange of Hong Kong Limited and global offering with a size of approximately HK$24.5 billion (US$3.2 billion) (or HK$28.0 billion if the over-allotment option is fully exercised). More >>
Tags: Shearman & Sterling LLP | Beijing | Hong Kong | Palo AltoShearman & Sterling Advises Underwriters in Agrium’s $500 Million Offering of Debentures
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Scotia Capital (USA) Inc., as joint book-running managers, and BMO Capital Markets Corp., CIBC World Markets Corp., AltaCorp Capital Inc., BNP Paribas Securities Corp., National Bank of Canada Financial Inc., TD Securities (USA) LLC, ANZ Securities, Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc. and RBS Securities Inc. as co-managers, in connection with Agrium Inc.’s (“Agrium”) offering of US$500,000,000 aggregate principal amount of 5.250% debentures due 2045. More >>
Tags: Shearman & Sterling LLP | Palo Alto | TorontoAlibaba Group Completes Its Debut US$8 Billion Senior Unsecured Notes Offering
The Hong Kong and Palo Alto offices of the Firm represented Alibaba Group Holding Limited (“Alibaba Group”) in connection with its debut offering of US$8 billion aggregate principal amount of senior unsecured notes, consisting of US$300 million floating rate notes due 2017, US$1 billion 1.625% notes due 2017, US$2.25 billion 2.5% notes due 2019, US$1.5 billion 3.125% notes due 2021, US$2.25 billion 3.6% notes due 2024 and US$700 million 4.5% notes due 2034. The notes are rated A1 by Moody’s, A+ by Standard & Poor’s and A+ by Fitch. More >>
Tags: Hong Kong | Palo AltoFibroGen Closes Largest Biotech IPO in 12 Years
Simpson Thacher Advises the Underwriters on Apple’s €2.8 Billion Euro-Denominated Bond Offering
Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank AG, London Branch, in connection with Apple Inc.’s first registered public offering of euro-denominated notes. Apple Inc. offered €1.4 billion aggregate principal amount of 1.000% notes due 2022 and €1.4 billion aggregate principal amount of 1.625% notes due 2026. The notes will be listed on the New York Stock Exchange. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple Inc.’s program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of short-term debt. More >>
Tags: Simpson Thacher & Bartlett LLP | Palo AltoKirkland & Ellis LLP Represents Wynnchurch Capital in Raising $1.2 Billion Fund
Kirkland & Ellis LLP represented Wynnchurch Capital in the raising of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P., which announced its final closing at $1.2 billion of limited partner commitments. The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014. More >>
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