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Finance & Banking

Simpson Thacher Represents JPMorgan, Financial Advisor to GlobalLogic, in Apax Partners’ Funds Announced Acquisition of GlobalLogic

31 Oct 2013

The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to GlobalLogic in connection with ODSA Topco Limited’s definitive agreement to acquire GlobalLogic. ODSA Topco is a company backed by Funds advised by Apax Partners, one of the world’s leading private equity firms. Terms of the agreement were not disclosed. The transaction is subject to customary closing conditions and is expected to close by the end of 2013.

Simpson Thacher Represents Underwriters in $1.75 Billion Debt Offering by Wal-Mart

31 Oct 2013

Simpson Thacher represented Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc., Wells Fargo Securities, LLC and other underwriters in connection with a $1.75 billion offering of debt securities by Wal-Mart Stores, Inc.

Wal-Mart offered and sold $1.0 billion of its 1.950% Notes due 2018 and $750 million of its 4.750% Notes due 2043. The net proceeds from the offering will be used for general corporate purposes.

Herbert Smith Freehills advises Goldman Sachs on FKP Property Group’s A$232 million entitlement offer

31 Oct 2013

Herbert Smith Freehills has advised Goldman Sachs Australia Pty Ltd in relation to its role as sole lead manager and underwriter of FKP Property Group’s (FKP) underwritten A$232 million accelerated pro-rata non-renounceable entitlement offer announced on Monday (the Entitlement Offer) and in relation to its role as sole bookrunner and underwriter of Stockland’s sale of its stake in FKP, conducted concurrently with the institutional shortfall bookbuild under the Entitlement Offer.

DLA Piper advises on IGG Inc GEM listing on Hong Kong Stock Exchange

31 Oct 2013

DLA Piper has advised China Everbright Capital Limited and China Everbright Securities (HK) Limited, sole sponsor and sole lead manager, on the IPO of IGG Inc (IGG) on the GEM (Growth Enterprise Markets) Board of the Hong Kong Stock Exchange (stock code: 8002). The listing of 327,434,000 shares at a placing price of HK$2.80, together with the over-allocation during the bookbuilding process, raised more than HK$1 billion from the market.

Simpson Thacher Represents Underwriters in $150 Million Senior Notes Offering by RLI Corp.

30 Oct 2013

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, in an offering of $150 million in aggregate principal amount of 4.875% Senior Notes due 2023 by RLI Corp. (“RLI”).

The net proceeds from the offering will be used to repay RLI’s senior notes due 2014 and for general corporate purposes.

RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country.

Simpson Thacher Represents JPMorgan, Financial Advisor to Darling International, in Darling’s Announced Acquisition of Vion Ingredients for €1.6 Billion

30 Oct 2013

Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Darling International Inc. (NYSE: DAR) in connection with Darling’s definitive agreement to acquire the shares of Vion Ingredients, a division of Vion Holding N.V. for approximately €1.6 billion in cash.  Vion Ingredients is a worldwide leader in the development and production of specialty ingredients from animal origin for applications in pharmaceuticals, food, feed, pet food, fertilizer and bio-energy.

Paul Hastings Represents Underwriter in China Huirong’s Hong Kong IPO

30 Oct 2013

Paul Hastings represented UBS as the sole global coordinator, sole bookrunner, sole lead manager and sole sponsor in China Huirong Financial Holdings Limited’s (“China Huirong”) US$ 106 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange.

China Huirong is a leading short-term secured financing service provider in China that specializes in providing its customers with short-term loans secured by collateral.

Simpson Thacher Represents Underwriters in IPO of Cellular Dynamics International, Inc.

29 Oct 2013

Simpson Thacher recently represented the underwriters, led by sole book-running manager J.P. Morgan Securities LLC, in the initial public offering by Cellular Dynamics International, Inc. (“CDI”) of 3,846,000 shares of common stock. CDI’s common stock is listed on the Nasdaq Global Market under the ticker symbol “ICEL.”

Cellular Dynamics International, Inc. is a developer and manufacturer of fully functioning human cells in industrial quantities to precise specifications.

Simpson Thacher Represents JPMorgan, Financial Advisor to Zoltek Companies, in Toray Industries’ Announced Acquisition of Zoltek for $584 Million

29 Oct 2013

The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Zoltek Companies Inc. (NASDAQ: ZOLT) in connection with Toray Industries Inc.’s announced acquisition of Zoltek for $16.75 per share in cash, for a total equity value of approximately $584 million.  The transaction is expected to close late 2013 or early 2014, subject to customary closing conditions, including the approval of the Company’s shareholders and certain regulatory approvals.