Province of Ontario’s $2.0 Billion Bond Offering

Shearman & Sterling represented the Province of Ontario (“Ontario”) in connection with Ontario’s public offering of US$2 billion of its 2.250% Bonds due May 18, 2022 (the “Bonds”). Ontario is the largest Canadian province by population and home to both the nation’s capital and most populous city. The following Shearman & Sterling team advised Ontario […]

Berkshire Hills Bancorp’s Acquisition of Commerce Bancshares

Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Berkshire Hills Bancorp, Inc. (NYSE: BHLB) in connection with its acquisition of Commerce Bancshares Corp. for approximately $209 million in an all-stock transaction. Closing of the transaction is subject to approval of Commerce’s shareholders, as well as state and federal regulatory agencies. Berkshire […]

$5.6 Billion of Committed Financing Related to Sinclair’s Acquisition of Tribune Media

Simpson Thacher represented JPMorgan Chase Bank, Royal Bank of Canada and Deutsche Bank in connection with $5.632 billion of committed financing for Sinclair Broadcast Group, Inc. (NYSE: SBGI) (“Sinclair”) in connection with its announced takeover offer for 100% of the outstanding shares of Tribune Media Company (NYSE: TRCO) (“Tribune”), for $43.50 per share for an […]

DexCom, Inc. $350 Million Convertible Notes Offering

Davis Polk advised the initial purchasers in connection with a Rule 144A offering by DexCom, Inc. of $350 million aggregate principal amount of its 0.75% senior convertible notes due 2022. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Initial Purchasers. Headquartered in San Diego, California, DexCom, Inc. is developing […]

New Mountain Capital’s Acquisition of OneDigital

Simpson Thacher is representing New Mountain Capital in connection with its acquisition of the majority ownership position in One Digital Health and Benefits (“OneDigital”) from Fidelity National Financial Ventures. Headquartered in Atlanta, OneDigital is the nation’s largest employee benefits-only company. OneDigital offers employers a combination of strategic advisory services, analytics, compliance support, HR capital management […]

Kinsale Capital Group, Inc. $150.4 Million Follow-On Offering

Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the $150.4 million follow-on offering of 4,557,774 shares of common stock of Kinsale Capital Group, Inc. by certain of its stockholders, which included 594,492 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares from certain […]

Virtus Investment Partners, Inc. secures Denial of Class Certification in Securities Action

In a rare denial of class certification in a federal securities action, U.S. District Court Judge William H. Pauley III of the Southern District of New York denied certification of a putative class of purchasers of five mutual funds asserting Rule 10b-5 claims against Simpson Thacher client Virtus Investment Partners, Inc. The Court held that […]

Kohlberg & Company’s $240 million acquisition of Winter Sports businesses of Newell Brands Inc.

Jones Day is advising Newell Brands Inc. (NYSE: NWL) in the sale of its Winter Sports businesses to private equity firm Kohlberg & Company for $240 million, subject to adjustment. The transaction, which is subject to regulatory approval and other customary closing conditions, includes the Völkl®, K2®, Marker®, Dalbello®, Madshus®, Line®, Full Tilt®, Atlas®, Tubbs®, […]

Timken Company’s acquisition of the assets of PT Tech, Inc.

The Timken Company, a global leader in bearings and mechanical power transmission products, announced that it has acquired the assets of PT Tech, Inc., a manufacturer of engineered clutches, brakes, hydraulic power take-off units and other torque management devices used in mining, aggregate, wood recycling and metals industries. This acquisition advances the company’s strategy to […]

Energuate’s $330 Million Debt Offering

Simpson thacher represented Distribuidora de Electricidad de Occidente S.A. and Distribuidora de Electricidad de Oriente S.A., Guatemalan companies which are collectively known as Energuate (“Energuate”) and are wholly owned subsidiaries of Inkia Energy Limited and IC Power Ltd., in connection with an offering of US$330 million of 5.875% Senior Notes due 2027 issued by Intertrust […]