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Petróleos Mexicanos Issues $4 Billion Offering

12 Feb 2018

Cleary Gottlieb is representing long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its $4 billion Rule 144A/Reg S debt offering with registration rights, and in two concurrent liability management transactions.

Pemex’s debt offering of 5.350 percent notes due 2028 and 6.350 percent bonds due 2048, under its medium-term notes program, launched and priced on February 1, 2018. The liability management transactions also launched simultaneously on February 1, 2018.

Allen & Overy Advises EG Group on $2.15 billion Acquisition of Kroger's Convenience Store Business Unit

09 Feb 2018

Allen & Overy represented EG Group as the company entered into a definitive agreement to acquire the convenience store business unit from The Kroger Co. (“Kroger”) (NYSE:KR) for $2.15 billion. The transaction is expected to close during the first quarter of Kroger’s fiscal year.

As part of the agreement, EG Group, a privately-held petrol forecourt convenience store retailer based in Blackburn, Lancashire, United Kingdom, will establish its North American headquarters in Cincinnati, Ohio and continue to operate stores under their existing banner names.

Burges Salmon advises Yeo Valley on partnership with Arla Foods

09 Feb 2018

Burges Salmon has advised Yeo Valley on its partnership with Arla Foods in relation to liquid milk, butter and cheese.

The transaction, which sees Arla Foods Limited acquire Yeo Valley subsidiary Yeo Valley Dairies Limited, will give the farmer-owned dairy cooperative the rights to use the Yeo Valley brand in milk, butter, spreadables and cheese under licence from Yeo Valley.

The Yeo Valley yogurt, ice cream, cream and desserts business will continue to be run independently through Yeo Valley Group, which remains under the ownership of the Mead family.

PARTNER MOVES - Jones Day adds fund structuring team of Ate van IJlzinga Veenstra, Quirine Eenhorst, and associates to Private Equity Practice in Amsterdam

09 Feb 2018

Jones Day has announced that Ate van IJlzinga Veenstra and Quirine Eenhorst, two lawyers with deep experience in fund structuring, are joining the global law firm in Amsterdam as partners in the Firm's Private Equity Practice. Mr. Van IJlzinga Veenstra and Ms. Eenhorst are joined by their fund structuring and fund services team consisting of Manuel Manders, Marierose Kouwenberg, and Harmen Wielens.

PARTNER MOVES - Leading Bankruptcy and Restructuring Partner to Join Latham & Watkins in Los Angeles

09 Feb 2018

Jeffrey Bjork brings global experience in large-scale reorganizations and insolvencies, advising clients in distressed situations across industries.

Latham & Watkins LLP1 is pleased to announce that Jeffrey E. Bjork will join the firm’s Los Angeles office as a partner in the Restructuring, Insolvency & Workouts Practice within the Finance Department. In his practice, Bjork represents debtors and creditors in all aspects of restructurings across industries, and he has notable experience in major municipal restructurings.

PARTNER MOVES - Kennedys boosts healthcare and employment practices with ten-strong team from TressCox

09 Feb 2018

We are pleased to announce that our significant growth in Australia has continued with the appointment of a large team of healthcare and employment law specialists — including three partners, six lawyers and four support staff – formerly of TressCox. They join our Melbourne office today.