Global law firm Herbert Smith Freehills has, together with Troutman Sanders LLP, advised ARRIS International plc, a global leader in entertainment and communications solutions, on the US$7.4 billion proposed acquisition by CommScope Holding Company, Inc.
The combination of CommScope and ARRIS would create a company with approximately US$11.3 billion in revenue and adjusted EBITDA of approximately US$1.8 billion.
Herbert Smith Freehills has advised Australia and New Zealand Banking Group Limited and Westpac Banking Corporation on the project financing of the Finley Solar Farm, to be located west of Finley, southern New South Wales. The project achieved financial close on 5 November 2018.
The Finley Solar Farm, developed by ESCO Pacific Pty Ltd (ESCO Pacific), is a solar photovoltaic plant which has an expected installed capacity of 133 MWac of renewable energy, with approximately 500,000 solar panels producing enough electricity to power the equivalent of 59,000 homes.
International legal practice Osborne Clarke has advised Ultra Electronics on the sale of its Airport Systems Business to ADB SAFEGATE for a total consideration of £22m, of which £2m is deferred.
The Airport Systems Business was transferred to a new holding company which will be transferred to ADB SAFEGATE along with the relevant Ultra subsidiaries in China, France, South Africa and the US once all closing conditions have been satisfied. The transaction is expected to complete by 31 January 2019.
Our Paris team is advising Keyyo Communications in negotiations with Bouygues Telecom for the sale of 43.6% of Keyyo's capital through an off-market block sale at a price of €34 per share. If the block sale is completed, Bouygues Telecom will open up the offer to all remaining shareholders at the same price.
This transaction will enable Keyyo Communications to bring a complementary skill to Bouygues Telecom in terms of products, services and digitalization.
Cleary Gottlieb acted as counsel to the underwriters in connection with Total Capital’s (TOTAL) SEC-registered offering of $1 billion 3.883% guaranteed notes due 2028.
The notes are guaranteed by Total S.A.
The transaction, which closed on October 11, 2018, was managed by Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America Inc., and Société Générale.
Davis Polk is advising Heineken N.V. in connection with its entry into definitive agreements with China Resources Enterprise ("CRE") and China Resources Beer (Holdings) Co. Ltd. ("CR Beer") to create a long-term strategic partnership in Mainland China, Hong Kong and Macau. As part of this strategic partnership, Heineken will become CRE's 40% partner in holding company CRH (Beer) Limited ("CBL"), which controls CR Beer, a market leader in the world's largest beer market, China.
Societe Generale has entered into an agreement to sell Euro Bank, its retail banking subsidiary in Poland, to Bank Millennium.
The reference transaction price for the sale of Euro Bank has been set at PLN 1.83 billion. The final price will be adjusted based on the net asset value of Euro Bank at closing of the transaction.
ProSiebenSat.1 Media SE, one of Germany’s largest media groups, has announced that it has acquired eHarmony, Inc., the California-based online matchmaking platform, via its e-commerce platform NuCom Group and its portfolio company, PARSHIP ELITE Group.
Milbank, Tweed, Hadley & McCloy LLP advised ProSiebenSat.1 and NuCom Group in the acquisition.
The Milbank team was led by Corporate partners Deborah Conrad and Martin Erhardt and associates Natalie Chitayat, Kimberly Covington and Alexandra Singer.
Morgan Lewis has advised Digital Colony, a global investment firm focused on mobile and internet infrastructure, in its acquisition of Opencell, further expanding its presence in the United Kingdom. The transaction was signed on November 1.
Opencell provides multi-operator indoor mobile coverage for a variety of customers, building types, and sizes, particularly landlords and tenants using small cell infrastructure.
Squire Patton Boggs has announced the appointment of corporate partner Mörk Murdock. Mr. Murdock is a leading US lawyer who joins the firm after 14 years at Davis Polk, where he previously led the Japan M&A practice in Tokyo.