On March 31, 2019 the U.S. District Court for the District of Columbia granted the motion to dismiss that Foley Hoag brought on behalf of its client, the United Republic of Tanzania, in Valambhia, et al. v United Republic of Tanzania, et al. (No. 18-cv-370 (TSC)). The case was initiated in February 2018 by the […]
Sichenzia Ross Ference represented Aegis Capital Corp. as sole book running manager in the underwritten public offering of 9 million shares Common Stock of Opgen, Inc. (NASDAQ: OPGN) at a price of $.60 per share for gross proceeds of $5.4 million. Opgen is a precision medicine company harnessing the power of molecular diagnostics to combat […]
Kirkland & Ellis advised Cloverleaf Cold Storage and private equity funds managed by Blackstone Group (NYSE:BX) on the sale of Cloverleaf to Americold Realty Trust (NYSE: COLD) for $1.24 billion. This acquisition enhances the Company’s position as the leading global owner and operator of temperature-controlled infrastructure while expanding relationships with existing high quality customers. Upon […]
Kirkland & Ellis advised Smart & Final Stores, Inc. (NYSE: SFS) on its definitive merger agreement with funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO). Pursuant to the agreement, Apollo Funds will acquire all of the outstanding shares of Smart & Final’s common stock for $6.50 per share in cash, representing a […]
Davis Polk advised Ultra Clean Holdings, Inc. on its acquisition of substantially all of the assets of Dynamic Manufacturing Solutions, LLC. Under the terms of the asset purchase Agreement, UCT paid $30.0 million in cash for DMS, subject to certain post-closing adjustments as provided in the acquisition Agreement. UCT may pay up to $12.5 million […]
Simpson Thacher represented New Mountain Capital in connection with the formation and raising of the New Mountain Net Lease Partners (NMNLP). NMNLP, New Mountain’s first net lease fund, closed with $533 million of equity capital commitment, substantially exceeding its initial fundraising goal of $300 to $350 million. NMNLP will pursue a strategy that emphasizes operationally […]
Sichenzia Ross Ference LLP represented Pareteum Corporation on the transaction Pareteum Corporation (Nasdaq: TEUM), a global cloud software communications platform company, closed a $50,000,000 committed senior secured credit facility with Post Road Group. Under the terms of the credit facility, Post Road provided Pareteum an initial loan of $25,000,000 on February 26, 2019, with additional […]
Kirkland & Ellis advised an affiliate of Siris Capital Group, LLC on its financing for the purchase and take private of Electronics For Imaging, Inc. (Nasdaq: EFII), a world leader in customer focused digital printing innovation, in an all-cash transaction valued at approximately $1.7 billion. Equity financing will be provided by investment funds affiliated with […]
Carter Ledyard advised the Suffolk County on the dispute Suffolk County obtained a Report & Recommendation from a federal magistrate judge for the Eastern District of New York recommending summary judgment in the County’s favor and the dismissal of an action alleging that the County violated the Due Process, Equal Protection, and First Amendment rights […]
Cravath represented Citibank, N.A., as lead arranger, in connection with the arrangement of $1.05 billion of credit facilities made available to Valvoline Inc. The facilities consisted of a $575 million term loan facility and a $475 million revolving credit facility. The transaction closed on April 12, 2019. Valvoline Inc. is one of the most recognized […]
Foley Hoag represented Uruguay on the dispute Uruguay has again defeated a claim by a foreign investor in arbitration proceedings before the International Centre for the Settlement of Investment Disputes (ICSID) in Washington, D.C. A three-member arbitral tribunal unanimously upheld Uruguay’s objection that Italba Corporation, the U.S. company that brought the arbitration, failed to demonstrate […]
Simpson Thacher represented Versum Materials, Inc. (NYSE: VSM) in connection of its acquisition by Merck KGaA, Darmstadt, Germany (FWB:MRK), for $53 per share in cash, reflecting an enterprise value of approximately $6.5 billion. The transaction is expected to close in the second half of 2019, subject to the approval of Versum stockholders, regulatory clearances and […]
