Kirkland & Ellis LLP Represents Wynnchurch Capital in Raising $1.2 Billion Fund

Tuesday, November 11, 2014

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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Simpson Thacher Represents Hellman & Friedman in Raising $10.9 Billion Private Equity Fund

Monday, November 10, 2014

Simpson Thacher represented Hellman & Friedman in connection with the organization of Hellman & Friedman Capital Partners VIII, L.P., an approximately $10.9 billion private equity fund focused on making large-scale equity-related investments primarily in the U.S. and Europe. HFCP VIII, the largest in H&F’s history, was heavily oversubscribed. Hellman & Friedman, a San Francisco-based private equity investment firm, is a leading investor in a number of industries including software; internet, digital and traditional media; financial services; insurance; business, marketing and information services; energy and industrials; and healthcare. With the closing of HFCP VIII, H&F has raised over $35 billion of committed capital since forming its first partnership in 1987. More >>

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NewLink Genetics Signs $1 Billion Deal with Genentech for Cancer Drug Research and Development

Thursday, October 23, 2014

Cooley advised NewLink Genetics Corporation in its negotiations with Genentech that resulted in an exclusive worldwide license agreement for the development of NLG919, NewLink’s cancer immunotherapy. The agreement also calls for NewLink and Genentech to engage in a research collaboration for the discovery of next generation IDO/TDO compounds, which represent potential breakthrough approaches to cancer therapy. More >>

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Shearman & Sterling Advises Arrangers in $725 Million Acquisition Financing of Grocery Outlet by Hellman & Friedman

Wednesday, October 22, 2014

Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC as joint lead arrangers and joint bookrunners in connection with a $725 million financing, comprising of a $450 million first lien term loan facility, a $75 million revolving credit facility and a $200 million second lien term loan facility, related to the acquisition of Grocery Outlet Inc. by Hellman & Friedman LLC. More >>

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Shearman & Sterling Advises Underwriters in Atmos Energy’s $500 Million Offering of Senior Notes

Tuesday, October 21, 2014

Shearman & Sterling acted as counsel to the underwriters, represented by Credit Agricole Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, in connection with Atmos Energy’s offering of $500 million aggregate principal amount of 4.125% Senior Notes due 2044. More >>

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Simpson Thacher Represents Initial Purchasers in $1.1 Billion Debt Offering by Keysight Technologies, Inc.

Wednesday, October 15, 2014

Simpson Thacher represented the initial purchasers, led by Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the private placement of an aggregate principal amount of $500 million 3.300% Senior Notes due 2019 and $600 million 4.550% Senior Notes due 2024 by Keysight Technologies, Inc. in connection with its separation from its parent, Agilent Technologies, Inc. More >>

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Move Signs Agreement to Sell to News Corp for $950 Million

Wednesday, October 8, 2014

Cooley is advising Move, Inc. on its $950 million pending sale to News Corporation. The deal is the largest acquisition thus far for News Corp, according to The Wall Street Journal.

Move is a leading online real estate business that operates the real estate listings sites Realtor.com and Move.com. Publishing company News Corp owns The Wall Street Journal and Dow Jones Newswires. The acquisition is said to accelerate News Corp’s digital and global expansion by making online real estate a powerful component of its portfolio. More >>

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Firm Represents Alibaba Group in Historic US$25 Billion IPO on NYSE

Friday, September 26, 2014

The Firm has represented Alibaba Group Holding Limited (“Alibaba Group”) in connection with its initial public offering, the largest IPO ever conducted. The offering, which was comprised of 368,122,000 American depositary shares (“ADSs”), each representing one ordinary share of Alibaba Group, was listed on the New York Stock Exchange and raised a total of US$25 billion in gross proceeds. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Morgan Stanley & Co. International plc and Citigroup Global Markets Inc. acted as joint book runners for the offering. More >>

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