Element Fleet Management’s Joint Venture with Celadon Group, Inc.

Simpson Thacher represented Element Transportation LLC, a subsidiary of Element Fleet Management (TSX: EFN) in the formation and financing of a joint venture between Element and Celadon Group, Inc. The joint venture was formed through recapitalizing 19th Capital Group, LLC and holds over 10,000 truck tractors for use in leasing operations. Each of Celadon and […]

Gildan Activewear Inc. acquires American Apparel, LLC for $88 million

Canadian apparel company Gildan Activewear Inc. said that it won a bankruptcy auction for American Apparel LLC and will buy the U.S. fashion retailer, its brand and certain assets for $88 million in cash. Gildan, the stalking horse bidder for American Apparel, will buy American Apparel’s intellectual property rights, the American Apparel brand and certain […]

BioMed Realty’s $720 Million sale of the Landmark at Eastview Property

Simpson Thacher is representing affiliates of BioMed Realty, L.P., in connection with its proposed sale of The Landmark at Eastview property to Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) for $720 million, subject to customary prorations and adjustments. Closing of this transaction is currently scheduled for the first quarter of 2017 and is subject to customary closing […]

The Riverside Company acquires J&N

The Riverside Company and co-investor Investcorp have added J&N to the Arrowhead Electrical Products platform. Based in Cincinnati, J&N distributes aftermarket replacement rotating electrical parts and accessories used in a variety of off-highway markets, including industrial, agricultural, marine, and outdoor power equipment applications. Financial terms were not disclosed. Like AEP, J&N is focused on non-discretionary, […]

American Gilsonite Company’s Chapter 11 Bankruptcy Proceedings

Simpson Thacher represented Palladium Equity Partners LLC, as the equity sponsor of American Gilsonite Company, in the Company’s Chapter 11 bankruptcy proceedings. The Company’s confirmed, prepackaged Chapter 11 Plan (“Plan”) provided for a deleveraging of its balance sheet via a debt-for-equity swap with its second lien noteholders, resulting in a reduction of approximately $160 million […]

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 […]

Prince International Corporation’s Acquisition of Erachem Manganese Chemicals business of ERAMET Group

Paul, Weiss, Rifkind, Wharton & Garrison and Von Wobeser y Sierra have advised on the deal PMHC II, Inc., the parent company of Prince International Corporation (“Prince”), has agreed to acquire the Erachem Manganese Chemicals business of ERAMET Group, a French mining and metallurgical company. With over 550 employees and 30 years of experience with […]

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 […]

$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 […]

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 […]