SiteOne Landscape Supply, Inc.’s $342 Million Secondary Offering

Simpson Thacher recently represented the underwriters, led by Goldman, Sachs & Co., UBS Securities LLC and Robert W. Baird & Co. Incorporated, in connection with a secondary offering by certain selling stockholders of SiteOne Landscape Supply, Inc. (NYSE: SITE) (“SiteOne”) of 10,350,000 shares of common stock (including 1,350,000 shares sold pursuant to the underwriters’ full […]

Vitro, S.A.B. de C.V.’s $310 Million Acquisition of OEM Glass Manufacturing Business

Cleary Gottlieb Steen & Hamilton LLP and K&L Gates have advised on the transaction LKQ Corporation (Nasdaq:LKQ) has entered into a definitive agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (“PGW”) to a subsidiary of Vitro S.A.B. de C.V. (BMV:VITROA), a leading glass manufacturer based in Mexico. The sale […]

K2M’s $82.8 Million Secondary Offering of Common Stock

Simpson Thacher represented K2M Group Holdings, Inc. (“K2M”) in connection with a public offering of 4,500,000 shares of common stock by affiliates of Welsh, Carson, Anderson & Stowe XI, L.P. for aggregate net proceeds of approximately $82.8 million. Wells Fargo Securities, LLC acted as the sole bookrunning manager and underwriter for the offering. Shares of […]

Genesys finances the Acquisition of Interactive Intelligence

Simpson Thacher represented Greeneden U.S. Holdings II, LLC, Greeneden Lux 3 S.à r.l. and Genesys Telecommunications Laboratories, Inc. (collectively, “Genesys”) in connection with (1) an offering of $700 million aggregate principal amount of 10% senior notes due 2024 and (2) new senior secured credit facilities consisting of a $1,558 million dollar-denominated term loan, a €520 […]

OI European Group’s €500 Million Senior Notes Offering

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities plc, in connection with OI European Group B.V.’s private offering of €500 million aggregate principal amount of 3.125% Senior Notes due 2024. The notes are guaranteed by Owens-Illinois Group, Inc. (“OI Group”) and by certain of OI Group’s U.S. subsidiaries. The net proceeds from […]

HCA in Oklahoma Hospital’s Lease and Joint Operating Agreement Termination

Akin Gump Advises HCA in Oklahoma Hospital Lease and Joint Operating Agreement Termination HCA has announced an agreement with the University Hospitals Authority and Trust (UHAT) for the early termination of HCA’s lease of The Children’s Hospital at Oklahoma University Medical Center as well as an associated joint operating agreement. In addition, HCA will transfer […]

Billings et al. v. Propel Financial Services

fter defeating a certiorari petition in the U.S. Supreme Court, Akin Gump has won a “bet-the-industry” case on behalf of Propel Financial Services in Billings et al. v. Propel Financial Services, which arose from multiple class-action lawsuits brought against the company. The plaintiffs, Texas homeowners, sued Propel, which participates in tax lien transfers, in federal […]

A group of institutional investors acquires 100% interest in the Pio Pico Energy Center

Akin Gump, in collaboration with Southwest Generation Operating Company, LLC and J.P. Morgan Asset Management, advised a group of institutional investors in acquiring a 100 percent interest in the Pio Pico Energy Center, a 322-MW simple cycle gas-fired power facility located in Otay Mesa, California, that began operations in November. The seller was a fund […]

Nordic American Tankers’s $126 Million Common Shares Offering

Simpson Thacher recently represented the underwriters, led by Morgan Stanley & Co. LLC, in connection with a primary offering by Nordic American Tankers Limited of 12,650,000 of its common shares, including 1,650,000 common shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares. The offering raised gross proceeds of approximately […]

Northleaf Capital Partners’ Sale of Geothermal Power Plant Stake

Akin Gump Advises Northleaf Capital Partners in Sale of Geothermal Power Plant Stake Ormat Technologies, Inc. has announced that its wholly-owned subsidiary, Ormat Nevada Inc. (Ormat), closed a follow-on equity transaction with Northleaf Capital Partners. Akin Gump advised Northleaf in the transaction, in which it purchased a 36.75 percent equity interest in the second phase […]

Southern Company and PowerSecure’s Strategic Alliance with Bloom Energy

Smith Anderson has advised Southern Company and PowerSecure on the deal Bloom Energy, Southern Company and its subsidiary PowerSecure have announced a strategic alliance, which will include project investment and joint-technology development to provide behind-the-meter energy solutions. PowerSecure will acquire an estimated 50 megawatts of Bloom Energy Servers under long-term power purchase agreements with high-quality […]

Takeda’s Global Collaboration Agreement with Ovid Therapeutics Inc.

Sidley represented Takeda Pharmaceutical Company Limited in the formation of a global collaboration with Ovid Therapeutics Inc., a privately held biopharmaceutical company committed to developing medicines that transform the lives of people with rare neurological diseases. his collaboration will focus on the clinical development and commercialization of Takeda’s investigational new drug TAK-935, a novel, potent […]