US Foods’ $1.3 Billion Secondary Common Stock Offering

Simpson Thacher represented the underwriters, led by joint bookrunning managers Goldman Sachs & Co. LLC, Morgan Stanley and J.P. Morgan, in connection with a registered public offering by investment funds associated with Clayton, Dubilier & Rice, LLC and Kohlberg Kravis Roberts & Co. L.P. and certain members of the Company’s management and the board of […]

Kohlberg & Company, LLC’s acquisition of Winter Sports businesses of Newell Brands Inc.

Newell Brands Inc. has signed a definitive agreement to sell its Winter Sports businesses, inclusive of Völkl®, K2®, Marker®, Dalbello®, Madshus®, Line®, Full Tilt®, Atlas®, Tubbs®, Ride® and BCA® to Kohlberg & Company, L.L.C., a leading private equity firm specializing in middle-market investing. The sale of the Winter Sports businesses is part of Newell Brands’ […]

Performance Food Group Company’s $388 Million Secondary Offering

Simpson Thacher represented Performance Food Group Company (NYSE: PFGC) (the “Company”) and selling stockholders affiliated with The Blackstone Group L.P. (“Blackstone”) in connection with a public offering of common stock by certain selling stockholders (the “Selling Stockholders”). The Selling Stockholders sold 14,092,206 shares of common stock in the offering. The Selling Stockholders received all the […]

Itron, Inc.’s $100 million acquisition of Comverge

Itron, Inc., a world-leading technology and services company dedicated to the resourceful use of energy and water, has completed its previously announced acquisition of privately held Comverge by purchasing its parent company, Peak Holding Corp., for approximately $100 million. With the acquisition, Itron strengthens its portfolio of grid solutions with the industry’s leading demand response […]

Fruta del Norte Gold and Silver Mining Project in Ecuador

Pérez Bustamante & Ponce, Shearman & Sterling LLP, Lexim Abogados and Norton Rose Fulbright have advised on the transaction Orion Resource Partners (USA) LP and its affiliates (“Orion”) and The Blackstone Group’s Blackstone Tactical Opportunities division (“Blackstone”), as lenders and investors, finalized a debt and equity financing of approximately $400 to $450 million of the […]

Alden Global’s Board Representation at Fred’s

Olshan client Alden Global has reached an agreement with Fred’s, Inc. for two board seats. Fred’s, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. Pursuant to the agreement Steven Rossi, CEO of Digital First Media, and Timothy Barton, former CEO of Freightquote.com, will be appointed to […]

Axalta Coatings Systems’s $420 million acquisition of Valspar’s North American Industrial Wood Coatings business

The Sherwin‐Williams Company has completed its divestiture of the assets related to Valspar’s North American Industrial Wood Coatings business to Axalta Coatings Systems for $420 million in cash. Valspar’s North American Industrial Wood Coatings business had revenues of approximately $225 million in 2016 and is one of the leading providers of coatings for OEM and […]

Blackstone Mortgage Trust’s $287.5 Million Convertible Senior Notes Offering

Simpson Thacher represented Blackstone Mortgage Trust, Inc. (NYSE: BXMT) in connection with its public offering of $287.5 million aggregate principal amount of 4.375% Convertible Senior Notes due 2022, inclusive of notes sold pursuant to the underwriters’ full exercise of their over-allotment option. Blackstone Mortgage Trust is a real estate finance company that originates and purchases […]

Macellum Advisors Wins Board Seat in Citi Trends Proxy Victory

Olshan represented Macellum on the successful completion of Macellum Advisors’ activist campaign. Citi Trends, Inc. operates as an off-price retailer of urban fashion apparel and accessories. The company offers apparel comprising fashion sportswear for men, women, and children, as well as offerings for newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, […]