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M&A: Acquiror's Counsel

Weil Advises Access Industries Group on Its Takeover Offer for Perform Group plc

04 Sep 2014

Weil, Gotshal & Manges is advising Access Industries Group on its final cash offer to acquire the remaining shares it does not already own in LSE-listed Perform Group, the sports rights company. The Access Industries Group currently owns approximately 42.5% of Perform. Perform is focused on the commercialisation of multi-media sports content across multiple platforms, and owns one of the largest portfolios of digital sports rights in the world through contracts relating to more than 200 sports leagues, tournaments and events.

Weil Advises Norwegian Cruise Line in its Approximately $3 Billion Acquisition of Prestige Cruises International

04 Sep 2014

Weil advised Norwegian Cruise Line Holdings Ltd. (Norwegian) in connection with its acquisition of Prestige Cruises International, Inc. (Prestige). The $3.025 billion deal in cash and stock includes the assumption of debt. An additional, contingent cash payment of up to $50 million would be available to Prestige shareholders upon realization of certain 2015 performance metrics.

Debevoise Advises Amazon.com in Its Agreement to Acquire Twitch Interactive

04 Sep 2014

Debevoise & Plimpton LLP is advising Amazon.com, Inc. [“Amazon”] in its agreement to acquire Twitch Interactive, Inc. [“Twitch”], the leading live video platform for gamers. Under the terms of the agreement, Amazon will acquire all of the outstanding shares of Twitch for approximately $970 million in cash, as adjusted for the assumption of options and other items. The acquisition, which is subject to customary closing conditions, is expected to close in the second half of 2014.

Dechert Advises Crown Holdings, Inc. in $1.2 Billion Acquisition of EMPAQUE from Heineken N.V.

03 Sep 2014

Crown Holdings, Inc. (NYSE: CCK), a global leader in consumer packaging, today announced that it has entered into a definitive agreement to acquire EMPAQUE, a leading Mexican manufacturer of aluminum cans and ends, bottle caps and glass bottles for the beverage industry, from affiliates of Heineken N.V. Dechert LLP advised Crown Holdings on the cash transaction, which is valued at approx. US$1.2 billion.

The Dechert corporate team advising Crown Holdings includes partners William Lawlor and Ian Hartman as well as associates Adam Rosenthal and Cody Cowper.

Norwegian Cruise Line's $3 Billion Acquisition of Prestige Cruises

03 Sep 2014

Norwegian Cruise Line Holdings Ltd., a leading global cruise operator, announced it has entered into a definitive agreement to acquire Prestige Cruises International, Inc., the market leader in the upscale cruise segment and parent company of Oceania Cruises and Regent Seven Seas Cruises, for total transaction consideration at closing of $3.025 billion, including the assumption of debt, payable in cash and shares of Norwegian. Up to an additional $50 million may be payable post-closing based on achievement of certain performance metrics.

Baker & McKenzie Advises Atlas Copco on its Acquisition of Henrob

03 Sep 2014

Baker & McKenzie is advising Atlas Copco in connection with its acquisition of Henrob, a pioneer and market leader in self-pierce riveting, a mechanical fastening process. The company, which is privately owned, has around 400 employees and has its main facilities in the U.S. and the U.K. The acquisition is subject to applicable regulatory approvals.

Baker & McKenzie Advises Nordic Capital on the Acquisition of ABB Full Service

03 Sep 2014

Baker & McKenzie is advising Nordic Capital Fund VIII (“Nordic Capital”) in connection with its acquisition of the Full Service business of the ABB Group (“Full Service”).

Full Service offers full-scale industrial maintenance management services to customers across a number of industries and geographies. The business, a leader in industrial maintenance outsourcing services in Europe, with a particularly strong position in the Nordic region, has a global presence employing over 2,500 service professionals in 30 countries around the world.

Baker & McKenzie Represents Balfour Beatty Infrastructure Partners LP in Completion of Acquisition of North American Utility

02 Sep 2014

Baker & McKenzie recently represented Balfour Beatty Infrastructure Partners LP (BBIP), an infrastructure equity fund focusing on investments in utilities, energy and transport infrastructure, in its purchase of 100 percent of the stock of Upper Peninsula Power Company (UPPCO) from Integrys Energy Group, Inc. The transaction closed last week.