Xura, Inc. acquires Mitel Networks Corporation’s Mobile Division for $350 Million

Paul, Weiss is representing Mitel Networks Corporation in its agreement to sell its mobile division to the parent company of Xura, Inc. for $350 million in cash, a $35 million promissory note and an equity interest in Sierra Private Investments, which on closing will become the parent company of the mobile division and Xura. Mitel […]

WildHorse Resource Development Corporation’s $391.7 Million Initial Public Offering

Vinson & Elkins advised WildHorse Resource Development Corporation with its initial public offering of 27,500,000 shares of its common stock at $15.00 per share. Barclays, BofA Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities are acting as book-running managers for the offering. WildHorse Resource Development Corporation is an independent oil and natural gas […]

Halyard Capital’s acquisition of an ownership interest in Strategy Execution Partners, LLC and OAE Software, LLC

Akin Gump has advised Halyard Capital on the deal Halyard Capital today announced the acquisition of an ownership interest in Strategy Execution Partners, LLC and OAE Software, LLC (d/b/a StratEx) from its founders, who will retain significant equity ownership in the business and continue in their senior leadership roles. Akin Gump advised Halyard in the […]

The Toronto-Dominion Bank and TD Ameritrade’s acquisition of Scottrade for $4 Billion

Simpson Thacher is representing The Toronto-Dominion Bank (TSX and NYSE: TD) in connection with its acquisition of Scottrade Bank for $1.3 billion, and in the related acquisition by TD Bank’s 42% owned affiliate, TD Ameritrade, of Scottrade’s brokerage business for a net additional $2.7 billion in cash and stock. TD Bank will also purchase $400 […]

Extended Stay America, Inc.’s $205.1 million offering of common stock

Simpson Thacher represented certain entities affiliated with The Blackstone Group L.P. and Centerbridge Partners, L.P. in connection with a $205.1 million offering, consisting of 12,500,000 shares of paired common stock, each comprises one share of common stock of Extended Stay America, Inc. and one share of Class B common stock of ESH Hospitality, Inc., which […]

Jack Cooper Enterprises’ $80.45 Million Exchange Offer

Simpson Thacher represented J.P. Morgan Securities LLC and Imperial Capital, LLC, as dealer managers, in connection with an exchange of up to $80.45 million aggregate principal amount of 10.5%/11.25% Senior PIK Toggle Notes due 2019 for cash and warrants issued by Jack Cooper Enterprises, Inc. (“Jack Cooper”). Jack Cooper is a transportation and other logistics […]

Northwest Natural Gas Company’s $55.3 Million Offering of Common Stock and $150 Million Offering of Medium-Term Notes

Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC, in an offering by Northwest Natural Gas Company (“NW Natural”) of approximately $55.3 million of common stock. The shares are listed on the New York Stock Exchange. In addition, Simpson Thacher recently represented the agents, […]

KKR and KSL’s Acquisition of Apple Leisure Group

Simpson Thacher has advised KKR and KSL in connection with their announced agreement to acquire Apple Leisure Group. The transaction is expected to close during the first quarter of 2017, and is subject to regulatory approvals and customary closing conditions. Apple Leisure Group is North America’s top seller of all-inclusive vacation packages, with a vertically […]

Teradyne’s $460 Million Senior Convertible Notes Offering

Simpson Thacher represented the initial purchasers, led by Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the offering of $460 million aggregate principal amount of 1.25% Senior Convertible Notes due 2023 by Teradyne, Inc., which includes the full exercise of the initial purchasers’ overallotment option. The net proceeds were used to […]