Herbert Smith Freehills has advised Coles on its joint venture with GE Capital Australia to manufacture and sell credit cards and personal loans to customers of Coles’ food, fuel and liquor businesses.
The transaction will expand Coles’ interests in financial services from being a distributor of branded cards to owning 50% of a new manufacturing company. Both shareholders will provide services to the joint venture.
Shearman & Sterling advised Sasol Limited (“Sasol”) and its affiliates in connection with the entry by Sasol Chemicals North America LLC into a 50/50 joint venture with INEOS Olefins & Polymers USA to construct, finance, own and operate a high-density polyethylene (HDPE) plant in LaPorte, Texas. The firm also advised Sasol on the joint venture’s approximately $420 million Term Loan B financing with Barclays as the lead arranger and bookrunner, with Citigroup also a bookrunner, the proceeds of which will be applied to pay a portion of construction costs.
Norton Rose Fulbright has advised Tauron Polska Energia S.A. in the process of establishing a joint venture TAMEH Holding with ArcelorMittal Poland.
Weil is advising global pharmaceutical and healthcare firm Sanofi on its worldwide exclusive licensing agreement with MannKind Corporation to develop and commercialize Afrezza (insulin human) Inhalation Powder.
Afrezza is a new rapid-acting inhaled insulin therapy indicated to improve glycemic control in adult patients with type 1 and type 2 diabetes. The companies plan to launch Afrezza in the United States in the first quarter of 2015.
Jones Day advised Jennmar in the formation of RocBolt Resins Pty Ltd., an Australian joint venture with Jennmar holding a 51 percent stake and Dywidag Systems International (DSI) holding a 49 percent stake, to manufacture both J-LOK Resin brands and Fasloc Resin brands to be sold by Jennmar and DSI respectively.
For additional information about this matter, please contact: Francis A. Muracca II
Client(s): Jennmar Corp.
Practice(s): M&A, Tax, Antitrust & Competition Law
Office(s): Pittsburgh, Washington
Global specialist law firm Dechert LLP advised Zealand Pharma A/S (“Zealand”) (NASDAQ OMX Copenhagen: ZEAL), a Danish biotechnology company with leading expertise in the discovery, design and development of novel peptide therapeutics, on its second collaboration with Boehringer Ingelheim GmbH, a privately-held German-based pharmaceutical company.
The Firm represented Visant Corporation, a portfolio company of Kohlberg Kravis Roberts & Co. L.P. and DLJ Merchant Banking Partners III, L.P., in entering into an agreement with an affiliate of Ileos Group S.A.S, which is owned by funds managed by Oaktree Capital Management, L.P., to combine their respective wholly owned subsidiaries, Arcade Marketing and Bioplan, in a new strategic venture. The transaction is subject to customary closing conditions and regulatory review and is expected to close by the beginning of the fourth quarter of 2014.
Ashurst has advised Mitsubishi Corporation through its wholly-owned subsidiary Petro Diamond Australia Pty Ltd (PDA), on a joint venture and operating agreement of a diesel import terminal at Port Bonython in South Australia.
Mitsubishi Corporation announced it will construct, through PDA, a diesel import terminal at Port Bonython in South Australia. The terminal will be the foundation for Mitsubishi to launch a diesel fuel supply, sales and distribution business in Australia.
A Hogan Lovells cross-border, cross-practice team made up of lawyers from Denver, Houston, Washington, D.C., and Tokyo, advised JX Nippon Oil & Gas Exploration Corporation (“JX Nippon”) in its formation of a 50/50 joint venture company (“ the Company”) through its wholly owned subsidiary JX Nippon Oil Exploration (EOR) Limited^1; and Petra Nova Holdings LLC, a wholly owned subsidiary of NRG Energy, Inc. (“NRG”).
Ashurst Hong Kong has advised ITOCHU Corporation (ITOCHU) on the implementation of a strategic alliance with Charoen Pokphand Group Company Limited (CPG), one of the leading conglomerates in Asia.
The strategic alliance involves: