New York—Paul Hastings LLP, a leading global law firm, has announced that Joyce Xu, a prominent derivatives lawyer, has joined the firm as a partner in the Securities and Capital Markets practice. Ms. Xu comes from Simpson Thacher, where she was the head of the derivatives practice. She is based in New York.
Littler, the world’s largest employment and labor law practice representing management, has added David P. Radelet, Christopher A. Johlie, Jeff Nowak and Staci Ketay Rotman as shareholders in the firm’s Chicago office. Prior to joining Littler, the group served as partners at Franczek Radelet P.C., where Radelet was a founding partner.
International law firm Bird & Bird continue to advise Earthport, a UK-based FinTech company, as the target of a now competing takeover bid by Mastercard by way of a takeover offer for £233 million. Mastercard's offer follows the bid that the Company received from Visa in December 2018 and represents a 10 per cent increase on the price offered by Visa.
Law firm Stephenson Harwood LLP has advised Nexus Tradeco Limited (Nexus), in its role as property manager of Primary Health Properties (PHP), on the merger of PHP and Medicx – creating Britain’s largest healthcare real estate investment trust.
The combined group will hold a portfolio of 479 properties in the UK, rented to primary care providers, with a value of £2.3 billion. Nexus, the UK-based property management services, will provide property management, administrative and advisory support to the enlarged group.
Watson Farley & Williams (“WFW”) advised BNP Paribas (“BNPP”) as co-ordinating bank and agent, together with a syndicate of four other banks as lenders, in connection with a US$439m SINOSURE-backed financing of 86 exhaust gas cleaning systems (“scrubbers”) for the MSC Mediterranean Shipping Company SA (“MSC”) group.
Transaction by Madrid-based Telefonica is a landmark deal in Latin America in 2019.
Global law firm White & Case LLP has advised Alpha Bank A.E. on its sale to a consortium of funds managed by affiliates of Apollo Global Management and International Finance Corporation, a member of the World Bank Group, of a mixed pool of non-performing loans to Greek SMEs and, together with Alpha Bank's wholly-owned group company Alpha Leasing S.A., repossessed real estate assets in Greece.
CMS has advised a club of 7 commercial banks including Nedbank Limited, London Branch in relation to a reserve based lending (RBL) facility for Verus Petroleum, which has been amended and restated to be used to part fund the completion of Verus’ acquisition of:
an interest in the Babbage gas field acquired from Premier Oil in December 2018
CIECO Exploration & Production (UK) in November 2018; and
an interest in the Alba field acquired from Equinor in November 2018
Global law firm White & Case LLP has represented BlackRock Investment Management (UK) Limited, BNP Paribas, Mizuho Bank, Canadian Imperial Bank of Commerce and Royal Bank of Canada as senior lenders in respect of the A$211 million refinancing of Epic Energy.
Herbert Smith Freehills' London finance team has advised Bank of America Merrill Lynch (BAML) as the sole underwriter and mandated lead arranger on the financing of GlaxoSmithKline plc's acquisition of TESARO, Inc. for a total consideration of approximately $5.1 billion.
The team involved in negotiating the financing was led by partners Will Nevin and Gabrielle Wong, with the assistance of key associates Susie Nguyen and Benjamin Robinson.