Blackstone’s acquisition of Tradesmen International

Simpson Thacher is representing Blackstone in connection with its announced acquisition of Tradesmen International, LLC (“Tradesmen”) from affiliates of Wellspring Capital Management LLC. The transaction is expected to close in the first quarter. Financial terms of the transaction were not disclosed. Tradesmen is the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and […]

$2.25 Billion Credit Facility for Consolidated Edison

Shearman & Sterling advised Consolidated Edison Company of New York, Inc., Consolidated Edison, Inc., and Orange and Rockland Utilities, Inc. as borrowers on a $2.25 billion revolving credit facility agented by Bank of America, N.A. to finance working capital purposes. The Shearman & Sterling team included partner Pat Flanagan (Picture) (New York-Finance) and associate Tomasz […]

Resolute Energy Corporation’s Common Stock Offering

Simpson Thacher represented underwriters, led by BMO Capital Markets Corp. and Goldman, Sachs & Co., in connection with a registered offering by Resolute Energy Corporation of 4,370,000 shares of common stock (including 570,000 shares pursuant to an option exercised by the underwriters). The offering closed on December 23, 2016. Resolute is an independent oil and […]

Carey Watermark Investors 2’s acquisition Ritz-Carlton, San Francisco

Paul Hastings LLP, a leading global law firm, represented Carey Watermark Investors 2 Incorporated, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, in its acquisition of The Ritz-Carlton, San Francisco. The landmark hotel is located in the heart of San Francisco’s Nob Hill neighborhood, and includes 336 guestrooms […]

Court orders’ extending the voter registration deadline for the November 8 election in Chatham County, Georgia

Bryan Cave successfully partnered with The Lawyers Committee for Civil Rights to obtain a court order extending the voter registration deadline for the November 8 election in Chatham County, Georgia. The action was filed Oct. 12 in the United States District Court for the Southern District of Georgia. The plaintiffs contended that the mandatory evacuations […]

Noble Corporation’s $1 Billion Debt Offering

Simpson Thacher represented the underwriters led by Credit Suisse Securities (USA) LLC (“Credit Suisse”) in the public offering of $1 billion aggregate principal amount of 7.75% Senior Notes due 2024 of Noble Holding International Limited (“NHIL”), guaranteed by Noble Corporation The offering closed on December 28, 2016. The Firm also represented Credit Suisse as dealer […]

Atar Capital’s acquisition of Furmanite Inspection Services

Dykema has advised Atar Capital, a Los Angeles-based, global private equity firm in its acquisition of Furmanite Inspection Services, a division of Team, Inc., and one of the leading independent inspection and integrity services companies in North America The carve-out acquisition is a first and significant one for Atar Capital, which launched just six months […]

WEG to acquire Northern Power System’s Utility Wind assets

Northern Power Systems Corp., a next generation renewable energy technology company, announced that WEG S.A. and NPS have executed a definitive agreement for WEG to acquire Northern Power System’s Utility Wind assets. Under the agreement, the proven utility scale direct drive technology developed and successfully deployed to date by both NPS and WEG will be […]

The Riverside Company sells iAutomation

Global private equity firm The Riverside Company has sold iAutomation following a 10-year hold that saw the company overcome a challenging environment to post significant growth. Based in North Attleboro, Massachusetts, iAutomation develops and distributes highly engineered automation solutions for original equipment manufacturers. It helps customers to identify, select, procure, apply and operate sophisticated components […]

RSP Permian’s $2.5 Billion Reserve Based Credit Facility

Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with its $2.5 billion reserve based credit facility for RSP Permian, L.L.C. RSP Permian is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin […]

Blackstone’s acquisition of SESAC Holdings

Kirkland & Ellis LLP advised private equity funds affiliated with Blackstone (NYSE:BX), one of the world’s leading investment firms, on its acquisition of SESAC Holdings, a leading music rights organization, from Rizvi Traverse Management, a private investment firm. This transaction is Blackstone’s first investment as part of its core private equity strategy, which is specifically […]

Bonanza Creek’s Restructuring Support Agreement and Launch of Solicitation of Prepackaged Chapter 11 Plan

Davis Polk is advising Bonanza Creek Energy, Inc. in connection with its restructuring under Chapter 11 of the Bankruptcy Code. Bonanza Creek and its subsidiaries have entered into a Restructuring Support Agreement (“RSA”) with NGL Energy Partners LP and NGL Crude Logistics, LLC, a contractual counterparty that purchases Bonanza Creek’s crude oil production, and members […]