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 | WashingtonSimpson Thacher Represents Initial Purchasers in $1.1 Billion Debt Offering by Keysight Technologies, Inc.
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 >>
Tags: Simpson Thacher & Bartlett LLP | Palo Alto | Silicon ValleyMove Signs Agreement to Sell to News Corp for $950 Million
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 >>
Tags: Palo Alto | Silicon ValleyO’Melveny Represents GIC, Singapore’s Sovereign Wealth Fund, in Definitive Agreement for a US$700 Million Investment in XPO Logistics
O’Melveny & Myers LLP represented GIC, Singapore’s sovereign wealth fund, in a definitive agreement to invest US$700 million, along with PSP Investments and Ontario Teachers’ Pension Plan, in XPO Logistics. The transaction is scheduled to close on September 17, 2014. More >>
Tags: O'Melveny & Myers, LLP | Silicon Valley | SingaporeReed Smith Expands Corporate Team in Silicon Valley with Key Partner
Reed Smith today welcomes a further addition to its expanding Silicon Valley office: longtime Palo Alto insider George A. Willman, who joins the firm as a partner in its Corporate & Securities Group.
Tags: Reed Smith LLP | Silicon ValleyDavis Polk – NVIDIA Corporation $1.5 Billion Convertible Senior Notes Offering
Davis Polk advised Goldman, Sachs & Co. as initial purchaser in connection with a Rule 144A offering by NVIDIA Corporation of an aggregate principal amount of $1.5 billion of its 1% convertible senior notes due 2018, which included $200 million aggregate principal amount of notes from the full exercise of the initial purchaser’s over-allotment option. In addition, Davis Polk advised Goldman, Sachs & Co. as counterparty to convertible note hedge and warrant transactions in connection with the convertible notes offering.
Tags: Davis Polk & Wardwell LLP | Silicon ValleySimpson Thacher Represents Seagate Technology in $800 Million Senior Notes Offering
The Firm represented Seagate Technology plc (“Seagate”) in connection with its Rule 144A and Regulation S offering of $800 million aggregate principal amount of 3.75% Senior Notes due 2018. The notes were issued by Seagate HDD Cayman, a wholly owned subsidiary of Seagate, and guaranteed by Seagate. Morgan Stanley acted as sole lead and bookrunning manager of the offering.
Tags: Simpson Thacher & Bartlett LLP | Silicon ValleyDavis Polk – ServiceNow, Inc. $575 Million Convertible Senior Notes Offering
Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as joint book-running managers and representatives of the initial purchasers in connection with a Rule 144A offering by ServiceNow, Inc. of $575 million aggregate principal amount of 0% convertible senior notes due 2018, which included $75 million aggregate principal amount of notes from the full exercise of the initial purchasers’ over-allotment option. In addition, Davis Polk advised Morgan Stanley & Co. International plc, JPMorgan Chase Bank, National Association and RBC Capital Markets, LLC as counterparties to convertible note hedge and warrant transactions in connection with the convertible notes offering.
Tags: Davis Polk & Wardwell LLP | Silicon ValleyPepper Hamilton Opens Silicon Valley Office
Marking the beginning of its expansion into Northern California—the center of the nation’s high-technology industry and home to seven of the top 10 patent-producing cities—AmLaw100 firm Pepper Hamilton LLP today opened the doors of its new Silicon Valley office. The office will complement Pepper’s two existing California offices and give its top-notch Intellectual Property Department deeper roots on the West Coast.
Tags: Pepper Hamilton LLP | Silicon ValleyJason Kipnis Joins WilmerHale’s Intellectual Property Department in Palo Alto
WilmerHale is pleased to announce that Jason Kipnis has joined the firm’s Palo Alto office as a partner in the Intellectual Property Department. Kipnis is an experienced intellectual property lawyer with a diverse practice whose arrival advances the firm’s growth in the Silicon Valley market and the depth of experience the practice offers.
Tags: Wilmer Cutler Pickering Hale and Dorr LLP | Silicon Valley