Baker 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

Shearman & Sterling Advises on Cott’s $625 Million Senior Notes Offering in Connection with Cott’s Acquisition of DSS Group, Inc.

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 >>

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Riverwood 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 >>

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Kirkland 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 | Washington

Shearman & 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 >>

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Shearman & 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 >>

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Alibaba 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 >>

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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 >>

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