Milan, August 12, 2013 ... Global law firm White & Case LLP has advised Libero Acquisition S.à.r.l. (Libero) on the purchase of a 54.6 percent stake in Dada S.p.A. (Dada) from RCS Media Group S.p.A.
Skadden secured the dismissal of shareholder derivative claims against Computer Sciences Corporation and its former CEO and CFO alleging the company made false and misleading statements related to internal controls and a contract with the U.K. National Health Service. On August 6, Judge Gerald Bruce Lee of the U.S.
Davis Polk advised J.P. Morgan Securities LLC and Goldman Sachs (Asia) L.L.C. as joint bookrunners and representatives of the underwriters on an SEC-registered offering by Baidu, Inc. of $1 billion aggregate principal amount of its 3.25% notes due 2018.
Baidu is the leading Chinese-language Internet search provider. Baidu’s ADSs currently trade on the NASDAQ Global Select Market.
Davis Polk advised J.P. Morgan Securities LLC as underwriter in connection with a $510 million SEC-registered secondary offering of 20,000,000 shares of Vantiv, Inc.’s Class A common stock by Fifth Third Bank and certain funds managed by Advent International Corporation. The Class A common stock is listed on the New York Stock Exchange under the symbol “VNTV.”
Based in Cincinnati, Ohio, Vantiv is a leading, integrated payment processor differentiated by a single, proprietary technology platform.
Shearman & Sterling advised Vector Capital and Teletrac, Inc. on the sale of Teletrac, Inc., a leading GPS tracking and fleet management software company, to Danaher Corporation. The financial terms of the transaction were not disclosed.
Teletrac provides advanced GPS asset location, diagnostics, fuel efficiency, safety, compliance, scorecarding and business intelligence in a single powerful web interface.
International law firm McDermott Will & Emery represented ADT Corporation (“ADT”) (NYSE: ADT), in its acquisition of Devcon Security based in Hollywood, Florida, from private equity firm Golden Gate Capital for total consideration of $148.5 million.
This is the first significant acquisition by ADT since it became a public company last year.
Clifford Chance is advising Informa plc, a leading academic publishing, business information and events group, in connection with the sale of its five corporate training businesses to an affiliate of Providence Equity Partners for total consideration of up to $180 million. Subject to certain adjustments, Informa will receive $100 million in cash and a $65 million loan note at closing, as well as an additional payment of up to $15 million in 2014 if the businesses achieve a certain level of revenue in 2013. The transaction is expected to close in the third calendar quarter of this year.
On August 5, 2013, The Washington Post Company announced that it has signed a contract to sell its newspaper publishing businesses, including The Washington Post newspaper, to Jeffrey P. Bezos for US$250 million, subject to normal working capital adjustments. Cravath represented The Washington Post Company in connection with this transaction, which is expected to close later this year.
The Cravath team included partner Eric L. Schiele and associate Ting S. Chen on corporate matters and partner Jennifer S. Conway on executive compensation and benefits matters.
International technology, media and telecoms law firm Olswang has advised long-standing client ITV on its acquisition of Big Talk, the producer of multi award-winning series Rev for the BBC, Channel 4's Friday Night Dinner and ITV's recent sit-com The Job lot, as well as films including Shaun of the Dead, Hot Fuzz and The World's End.