Davis Polk advised Mailgun, Inc. on its acquisition by Rackspace Hosting, Inc., which was completed on August 29, 2012. Terms of the transaction were not disclosed (more…)
Davis Polk is advising Daikin Industries, Ltd. in connection with its $3.7 billion acquisition of Goodman Global, Inc. from affiliates of Hellman & Friedman LLC. Closing is subject to, among other conditions, receiving competition law approvals in relevant jurisdictions (more…)
Simpson Thacher is representing Goodman Global Group, Inc. and its controlling shareholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Goodman Global’s pending $3.7 billion sale to Daikin Industries, Ltd. Goodman Global is a leading North American manufacturer of heating, ventilation and air conditioning products for residential and light commercial use (more…)
Sidley Austin LLP is pleased to announce that Glenn G. Nash is joining the firm in its Palo Alto office as a partner and as Global Co-Head of Sidley’s Technology Transactions practice. Mr. Nash, who is recognized as one of the leading IT and technology transactions lawyers in the world by Chambers Global and The Legal 500 US, brings to this role deep experience in the Internet, digital media, digital marketing, software, hardware, and information technologies industries. He focuses his practice on intellectual property matters and technology transactions, and provides counsel to companies establishing or expanding their business operations domestically and internationally (more…)
The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and the management of Unisteel Technology International Limited (“Unisteel”) in connection with the sale of Unisteel to SFS intec, a wholly owned subsidiary of SFS Group. The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2012. Financial terms were not disclosed (more…)
Goodwin Procter, a national Am Law 50 firm, announced today that Lawrence M. Chu has joined the firm’s Business Law Department in its Silicon Valley office as a member of Goodwin’s Technology Companies, M&A/Corporate Governance and Private Equity Practices (more…)
Davis Polk advised Sterling Financial Corporation in connection with its SEC-registered secondary offering of 5,738,637 shares of its common stock by the U.S. Department of the Treasury (Treasury) for proceeds of approximately $115 million. Treasury’s initial preferred stock investment in Sterling, made as part of the Troubled Asset Relief Program’s (TARP) Capital Purchase Program (CPP), was exchanged for common stock on August 26, 2010, as part of a larger recapitalization of the company (more…)
Davis Polk advised El Paso Electric Company in connection with the issuance of an aggregate of $82.5 million of pollution control refunding revenue bonds (more…)
Shearman & Sterling represented J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as representatives of the initial purchasers in connection with Broadcom Corporation’s offering of $500 million of its 2.500% Senior Notes due 2022. Broadcom Corporation is a California-based company that develops semiconductors for wired and wireless communications (more…)
Simpson Thacher is representing Getty Images, Inc. and its controlling shareholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Getty Images’ pending acquisition by entities controlled by The Carlyle Group (NASDAQ: CG) and Getty Images management for $3.3 billion. Carlyle will acquire a controlling stake in Getty Images, while Getty Images Co-Founder and Chairman Mark Getty and the Getty family will roll substantially all of their ownership interests into the transaction (more…)
International law firm Weil, Gotshal & Manges LLP announced today that it served as legal adviser to Getty Images, Inc., the world’s leading creator and distributor of visual content and other digital media, in its sale by Hellman & Friedman to a partnership comprised of global alternative asset manager The Carlyle Group and Getty Images management for $3.3 billion (more…)
