Allen & Overy advises the Joint Lead Managers in connection with the issue of EUR 1 billion Undated Deeply Subordinated Reset Rate Notes and GBP 400 million Undated Deeply Subordinated Reset Rate Notes by Veolia Environnement
Linklaters has advised Lloyds Banking Group plc on its disposal of Heidelberger Lebensversicherung AG. Purchaser is a consortium of Cinven Partners LLP and Hannover Rück SE. The purchase price was around 300 million euros. Subject to approval by the regulatory authorities, the transaction is expected to be finalised in early 2014.
Paul Hastings LLP, a leading global law firm, announced today that the firm is representing online payments services firm Skrill Group in the U.S. regulatory aspects of its acquisition by private equity group CVC Capital Partners for € 600 million (approximately $800 million).
Bahrain-based Investcorp sold a 75 percent stake in Skrill Group and will retain the remaining 25 percent.
Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Jefferies LLC as representatives of the initial purchasers in connection with a Rule 144A offering by Rambus Inc. of $138 million aggregate principal amount of its 1.125% convertible senior notes due 2018.
Headquartered in Sunnyvale, California, Rambus Inc. is a technology solutions company specializing in the invention and design of semiconductor memory architectures, semiconductor security, advanced LED lighting and displays and immersive mobile media.
Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Sandler O’Neill & Partners as joint book-running managers and representatives of the underwriters in an SEC-registered secondary offering of 28,000,000 shares of common stock of First BanCorp., sold by the U.S. Department of the Treasury, funds managed by Oaktree Capital Management, L.P. and funds affiliated with Thomas H. Lee Partners, L.P.
Davis Polk advised Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. as joint book-running managers on an SEC-registered offering of 9,694,027 shares of common stock of XPO Logistics, Inc. (XPO). XPO intends to use the net proceeds of the offering, together with cash on hand, to finance its acquisition of 3PD Holding, Inc., the largest non-asset, third-party provider of heavy goods, last-mile logistics in North America, and to pay related fees and expenses. The net proceeds of the offering were approximately $209 million.
Davis Polk advised Morgan Stanley & Co. LLC as representative of the initial purchasers in connection with a Rule 144A offering by ServiceSource International, Inc. of an aggregate principal amount of $150 million of its 1.5% convertible senior notes due 2018. In addition, Davis Polk advised Deutsche Bank AG, London Branch, JPMorgan Chase Bank, National Association, Morgan Stanley & Co. International plc and Nomura Securities International, Inc. as counterparties to convertible note hedge and warrant transactions in connection with the offering.
Davis Polk advised Barclays Capital Inc. as underwriter in connection with the secondary offering of 6,900,000 shares of common stock of Wesco Aircraft Holdings, Inc. sold by a selling stockholder, an affiliate of the Carlyle Group, for an aggregate price to the public of $113 million. Wesco Aircraft’s common stock is traded on the New York Stock Exchange under the symbol “WAIR.”
Slaughter and May advised Aquis Exchange Limited ('Aquis Exchange') on its agreement with Warsaw Stock Exchange ('WSE') under which WSE will invest £5 million in Aquis Exchange for 30% of its entire issued share capital.
Aquis Exchange was established in October 2012 and has been created to operate a pan-European equities trading exchange and develop exchange software. Aquis Exchange has applied for regulatory approval from the Financial Conduct Authority and, subject to gaining that approval, is planning to go live in October 2013 with its innovative subscription pricing model.
Davis Polk advised Morgan Stanley & Co. LLC and Goldman, Sachs & Co. as joint book-running managers of the several underwriters in connection with the $135.2 million initial public offering of 6,440,000 shares of common stock of Cvent, Inc., which included 840,000 shares from the exercise of the underwriters’ over-allotment option in full. The common stock is listed on the New York Stock Exchange under the symbol “CVT.”