Shearman & Sterling and Wilmer Hale advise on Salesforce's $2.8 billion purchase of Demandware
Shearman & Sterling represented Salesforce.com Inc. in its agreement to purchase e-commerce platform developer Demandware Inc. for $2.8 billion. The deal values Burlington, Mass.-based Demandware at $75 a share.
San Francisco-based partners Steve Camahort and Michael Dorf led the Shearman & Sterling team, which included associates Scott Mollett, Kirill Levashov, Yoav Simchoni and Mikael Abye, along with Menlo Park-based partner Laurence Crouch, counsel C. Nathan Wood and associate Ryan Bray. In New York, partners Jordan Altman, Doreen Lilienfeld, Matthew Berkowitz, Beau Buffier and Gus Atiyah, who also works in Washington, D.C., provided assistance, with the help of counsel Kelly Karapetyan and associates JB Betker, Mark Pereira, David Ling, Matthew Weston and Joseph Purcell. Washington, D.C.-based counsel Robert LaRussa also worked on the deal.
Wilmer Cutler Pickering Hale and Dorr represented Demandware. The team, led by Boston-based partner Mark Borden, included partners Jay Bothwick, Michael Bevilacqua, R. Scott Kilgore and Hartmut Schneider, associate Mark Nylen and counsel Michael Welhouse and Ciara Baker.
Demandware provides a cloud-based e-commerce service that allows customers to manage their online shopping websites and mobile applications. The company counts Design Within Reach and L'Oreal as customers. See story online.
Skadden advises Saudi Arabia's public fund in $3.5 billion investment into Uber
Skadden, Arps, Slate, Meagher & Flom represented The Saudi Arabian Public Investment Fund in its $3.5 billion investment into ride-hailing company Uber Technologies Inc.
The Skadden team included Palo Alto-based partners Leif King, Thomas Ivey, Sean Shimamoto, Joseph Yaffe and Karen Corman, who is based in Los Angeles, along with associates Barnaby Gibson and Liang Dong. Washington, D.C.-based partner Ivan Schlager also worked on the deal.
Cooley and Kirkland & Ellis work on Jazz Pharmaceuticals' $1.5 billion purchase of Celator
Cooley represented Dublin, Ireland-based Jazz Pharmaceuticals PLC in its agreement to purchase Celator Pharmaceuticals Inc. for about $1.5 billion. Jazz will pay $30.25 per share of Celator, representing a 72 percent premium over the company's previous closing price. The deal is expected to close Q3 2016.
Partner Barbara Borden led the Cooley team, which included partners Todd Gluth, Amy Wood, Natasha Leskovsek, Danish Hamid, Kevin King, Bonnie McLeod, Marya Postner, Francis Fryscak, Gregory Tenhoff, Chadwick Mills and Michael Tollini. Also on the team were associates Jonathan Bagg, Ben Beerle, Megan Schilling, Jonathan Rivinus, John Oleksiuk, Matthew Silverman, Susan Walker, Timothy Hance, Edmond Lay, Karen Tsai, Stephanie Palmer, Dani Nazemian and Selin Akkan. The Cooley attorneys are located in San Francisco, Palo Alto, Santa Monica, San Diego, Washington, D.C., Bloomfield, Colo. and Reston, Va.
Kirkland & Ellis advised Celator Pharmaceuticals and MTS Health Partners provided financial advice.
Jazz Pharmaceuticals relied on RBC Capital Markets for financial advice.
Wilson Sonsini and Kirkland & Ellis guide on Marketo's $1.79 billion sale to Vista Equity Partners
Wilson Sonsini Goodrich & Rosati advised San Mateo-based Marketo Inc. in its agreement to be acquired for $1.79 billion by Vista Equity Partners. Marketo shareholders will receive $35.25 per share they own. The deal value represents a 64 percent premium over Marketo's May 9 trading price.
The Wilson Sonsini team included partners Tony Jeffries, Michael Ringler, Ethan Jin, Jamillia Ferris, Scott McCall, Sriram Krishnamurthy, John Mao, Suzanne Bell, James McCann and Ivan Humphreys and associates Chang Derek Liu, Thomas Earnest, Harry Khanna, Christopher Williams, Jill Fulwiler, Khurram Awan, Jonathan Adams, Jeremiah Nelson, Sean Wilkinson, Anne Seymour, Lawrence Perrone and Katherine McCarthy. Of counsel Matthew Staples and Andrew Bryant provided assistance, along with counsel Kimberly McMorrow. The Wilson Sonsini attorneys work out of San Francisco, Palo Alto, Seattle, New York, Washington, D.C. and Beijing.
Kirkland & Ellis represented Vista Equity Partners with a team that included New York-based partner Sarkis Jebejian and San Francisco-based partners Joshua Zachariah and Stuart Casillas.
Vista Equity Partners is a private equity firm with offices in Austin, Chicago and San Francisco.
Latham and Sheppard help on Platinum Equity's purchase of Electro Rent for $323 million
Latham & Watkins represented Beverly Hills-based private equity firm Platinum Equity in its agreement to purchase Electro Rent Corp. for $323.4 million. The deal values Van Nuys-based Electro Rent at $13.12 a share. Electro Rent provides electronic test and measurement equipment and personal computers and servers for rent and lease.
Washington, D.C.-based partner David Brown led the Latham team, with the help of counsel Marc Granger and associates Mariclaire Petty and Danit Tal. Several lawyers in New York, Chicago and Los Angeles also worked on the deal.
Sheppard, Mullin, Richter & Hampton represented Electro Rent with a team than included partners Lawrence Braun, Michael Chan, Gregory Schick, James Mercer, Keith Gercken and John Stigi and associates Adam Shipley, Ashley Roberts, Eugene Kim and Katherine Bai. Of counsel Robert Magielnicki provided assistance. The Sheppard Mullin attorneys work out of the San Francisco, Palo Alto, Los Angeles, Century City, Costa Mesa, Del Mar, San Diego, Washington, D.C. and London offices.
Wilson Sonsini guides FEI Co. in sale to Thermo Fisher for $4.2 billion
Wilson Sonsini Goodrich & Rosati provided counsel to FEI Co. in its agreement to be acquired by Thermo Fisher Scientific Inc. for about $4.2 billion. Per terms of the deal, Waltham, Mass.-based Thermo Fisher will pay $107.50 per share in FEI. FEI, based in Hillsboro, Ore., designs and manufactures microscope technology products. The company has more than 3,000 employees and it recorded $930 million in revenue for 2015.
The Wilson Sonsini team included chairman and partner Larry Sonsini and partners Tony Jeffries, Michael Ringler, Scott Sher, TJ Graham, Ivan Humphreys and John Aguirre, as well as associates John Olson, Michelle Fernandes, Jennifer Sayles, Roisin Comerford, Caitlin Courtney, Myra Sutanto Shen, Brandon Gantus and Mark Cornillez-Ty. Of counsel Ben Labow and counsel Michael Montfort also worked on the deal. The Wilson Sonsini attorneys work in the San Francisco, Palo Alto and Washington, D.C. offices.
Goldman, Sachs & Co. served as financial adviser to FEI.
Wachtell, Lipton, Rosen & Katz represented Thermo Fisher. JP Morgan provided financial advice.
Davis Polk guides Comcast in $1.43 billion Taiwan offering
Davis, Polk & Wardwell represented Comcast Corp. in its note offering, in which the telecom giant sold $1.43 billion worth of notes with a 4.05 percent interest rate due 2046. The notes are listed on the Taipei Exchange.
The Davis Polk team included Menlo Park-based partner Bruce Dallas and Rachel Kleinberg and associates Tyler Pender, Hua Zhao, Randy Li, Amy Tu and Lena Qiu, who is based in New York.
Cahill Gordon & Reindel represented Deutsche Bank, as manager, and Morgan Stanley, Deutsche Bank, Mizuho Securities and TD Securities, as structuring agents, in the deal.
Cooley helps Snapchat close $1.8 billion Series F
Cooley provided counsel to Venice-based messaging and photo sharing app maker Snapchat Inc. in closing its Series F fundraising round, in which the company raised $1.8 billion.
Palo Alto-based partner Eric Jensen led the Cooley team.
According to a Bloomberg report, investors included Fidelity Investments, General Atlantic and Sequoia Capital.
Latham & Watkins represents Behrman Capital in selling portfolio company for $1 billion
Latham & Watkins advised New York- and San Francisco-based private equity firm Behrman Capital in selling its portfolio company Data Device Corp. to aerospace component manufacturer and distributor Transdigm Group Inc. for $1 billion. Data Device, based in Bohemia, N.Y., makes power controllers and network connection products for aerospace and defense companies and agencies.
Menlo Park-based partner Luke Bergstrom led the Latham team with the help of associates Evan White, W. Riley Lochridge and Jennifer Cadet. The Latham team included partners Anthony Klein, Laurence Stein, James Metz and Joshua Holian. Associates Arielle Singh, Gil Ofir, Brandon Hartstein, Alex Li, Changsheng (Eric) Song, Ashley Wagner and Patrick English also worked on the deal. The Latham lawyers are located in Menlo Park, San Francisco, Los Angeles and Washington, D.C.
Gibson Dunn aids Hewlett-Packard in spin-off of IT services business to CSC
Gibson, Dunn & Crutcher represented Hewlett-Packard Enterprise Co. in the tax-free spin-off and merger of its IT services business with Computer Sciences Corp. The deal is expected to bring $8.5 billion to Hewlett-Packard Enterprise's shareholders and is expected to close by March, 2017. Computer Science Corp., also called CSC, is an information technology services company based in Falls Church, Va.
New York-based partner Eduardo Gallardo and Palo Alto-based partner Russell Hansen co-led the Gibson Dunn team, which included partners Dennis Friedman and Andrew Fabens. Also on the deal were associates Linda Dang, David Ortenberg, Dina Bernstein, Andrew Kaplan, Michael Patrone, Peter Fulweiler, Dev Ghose, John Lawrence, Dustin McKenzie, William Magrath, Clarence Shen, Kari Krusmark, Lorna Wilson and Dana Lovisolo. The Gibson Dunn attorneys are located in San Francisco, Palo Alto, Los Angeles, Century City and New York.
Allen & Overy represented CSC with a team led by New York-based partner Peter Harwich.
Sidley Austin guides skin care product company and distributor in ownership stake sale worth $336 million
Sidley Austin represented New York-based skin care product maker John Masters Organics Inc. and its Japanese and East Asian distributor Styla Inc. in the sale of a majority ownership stake to private equity firm Permira for $336 million. Singapore-based partner Gregory R. Salathé and Los Angeles-based partner Kelly Kriebs co-led the Sidley team, which included associate Tyler Hilton.
Styla, based in Japan, became the exclusive distributor of John Masters' products in Japan and East Asia in 2007. The founders of both companies will continue to work with the new partnership.
Sidley Austin and DLA Piper work on Siris Capital's $643 million purchase of Xura
Sidley Austin advised New York-based private equity firm Siris Capital Group LLC in its agreement to purchase Wakefield, Mass.-based digital communications company Xura Inc. for $643 million. The all-cash deal values Xura at $25 per share. Per terms of the deal, Xura's existing credit facility will be refinanced and the company has a 45-day "go-shop" period where it can look for other potential purchasers.
Los Angeles-based partner Dan Clivner and Century City-based partner Vijay Sekhon led the Sidley team, which included partners Edwin Norris, Kelly Dybala, Jennifer Coplan, Benjamin Rosemergy, Marc Raven, Oliver Currall and Fatema Orjela.
Associates Ryan Hicks, Ayo Badejo, Steven Liang and Kelly Lazaroff also worked on the deal. The Sidley Austin lawyers work in the Los Angeles, Century City, New York, Chicago, Dallas and London offices.
Goldman Sachs acted as financial advisor to Goldman Sachs and DLA Piper provided legal counsel to the company. Siris Capital received financial advice from Guggenheim Securities.
Latham & Watkins helps self storage company in $1.3 billion sale
Latham & Watkins represented Roseville-based self storage operator LifeStorage LP in its agreement to sell itself to Sovran Self Storage Inc. for $1.3 billion. Buffalo, N.Y.-based Sovran will pay for the deal with equity proceeds and debt offerings.
The Latham team included Los Angeles-based partners Julian Kleindorfer, Paul Tosetti, Pardis Zomorodi, David Taub, Michael Scott Feeley and David Meckler, who works in Costa Mesa. Associates Changsheng (Eric) Song, Kate Napalkova, Jonathan Solomon, Jocelin Chang and Daniel Breslin also worked on the deal, from the Los Angeles and Chicago offices.
Sovran received legal counsel from Phillips Lytle and Hogan Lovells.
LifeStorage owns and operates 92 properties in nine states in the U.S. Through the purchase, Sovran will gain 84 of LifeStorage's properties, including 25 in Chicago, 19 in Texas, three in Orlando and three in Los Angeles.
Pillsbury and Cleary guide on Chevron's $6.8 billion note offering
Pillsbury Winthrop Shaw Pittman represented Chevron Corp. in its multi-tiered $6.8 billion note offering. The San Ramon-based oil and energy company sold $850 million worth of floating rate notes due 2018, $1.35 billion worth of senior notes with a 1.561 percent interest rate due 2019, $1.35 billion worth of senior notes with a 2.1 percent interest rate due 2021, $250 million worth of floating rate notes due 2021, $750 million worth of senior notes with a 2.566 percent interest rate due 2023 and $2.25 billion worth of senior notes with a 2.954 percent interest rate due 2026.
San Francisco-based partner Blair White led the Pillsbury team, which included partner David Lillevand and associates Deborah Carrillo and Jeffrey Jacobi.
Bank of America Merrill Lynch, JP Morgan and Wells Fargo Securities served as the underwriters on the deal. Cleary Gottlieb Steen & Hamilton represented the underwriters.
O'Melveny advises Kateeva on $88 million financing
O'Melveny & Myers represented Newark-based Kateeva Inc. in raising $88 million in a Series G financing. The fundraising round included new investors BOE, Cybernaut Venture, GP Capital Shanghai, Redview Capital and TCL Capital, all based in China.
Menlo Park-based partners Warren Lazarow and Brian Covotta led the O'Melveny team.
The new fundraising investors join existing investors Samsung Venture Investment Corp., Sigma Partners, Spark Capital, Madrone Capital Partners, DBL Partners, New Science Ventures and Veeco Instruments Inc. Kateeva develops flexible OLEDs, which are a type of screen used in televisions, cell phones and handheld gaming consoles.
Kirkland & Ellis helps Cambridge International in $210 million sale to Rexnord
Kirkland & Ellis provided counsel to metal installation and construction firm Cambridge International Holdings Corp. in its sale to Milwaukee-based Rexnord Corp. for roughly $210 million. The sale is expected to close in the next 30 days.
Los Angeles-based partners Hamed Meshki and Robert Luke Guerra led the Kirkland team, which included associates Bryan Ikegami and Shanita Nicholas, along with San Francisco-based partner Angela Rohman Russo.
Rexnord is an industrial manufacturing company that provides parts for airplanes, conveyor belts and water management systems. Some of their products include bearings, industrial chains and gear drives. Cambridge designs, makes and installs metal architectural meshes, environmental filters and conveyor belt systems.
Pillsbury advises inContact in $940 million sale to Nice Systems
Pillsbury Winthrop Shaw Pittman represented Salt Lake City-based inContact Inc. in its sale to Israeli data security and surveillance company Nice Systems Ltd. for about $940 million. The all-cash deal values inContact at $14 per share. Nice will pay for the deal using cash on hand and up to $475 million of debt. InContact makes cloud-based software used to manage call centers.
Palo Alto-based partner James Masetti led the Pillsbury team, which included partners Daniel Stellenberg, C. Brian Wainwright, David Jakopin, Michael Sibarium, Nancy Fischer and Glenn Richards, along with associates Matthew Desharnais, Matthew Ryan, Marques Matthews and Matthew Rabinowitz. Counsel Jeetander Dulani and partner and firm general counsel Marcia Pope also worked on the deal. The Pillsbury lawyers are located in Palo Alto, San Francisco, Washington, D.C. and New York.
Davis Polk represents PPL Capital Funding on $650 million note offering
Davis, Polk & Wardwell advised PPL Capital Funding Inc. in its senior note offering, in which the company sold $650 million worth of senior notes with a 3.1 percent interest rate due 2026. The company will use the proceeds to invest or loan in PPL subsidiaries, which will in turn use the money to pay off short-term debt.
The Davis Polk team included New York-based partner Michael Kaplan and Menlo Park-based partner Rachel Kleinberg, along with associates Judah Bareli and Caitlin Piper and counsel Betty Huber, all in New York.
Based in Allentown, Pa., PPL is a utility holding company that delivers electricity and natural gas to customers in the United States. PPL also generates electricity from power plants in Kentucky.
Fenwick helps Bolt Threads through $50 million Series C
Fenwick & West advised Emeryville-based Bolt Threads Inc. in raising $50 million in its Series C financing round. The fundraising was led by Formation 8 and included new investors Nan Fung and Innovation Endeavors. Existing investors Alafi Capital, East West Capital, Foundation Capital and Founders Fund also participated in the round.
San Francisco-based partner Lynda Twomey and Mountain View-based associate Brian Oh led the Fenwick team.
Bolt Threads researches and develops proteins for mass production that it then uses to weave into fabrics and garments.
MAY 10, 2016
Orrick helps Next Advisor sell its assets to Bankrate for up to $225 million
Orrick, Herrington & Sutcliffe represented Burlingame-based online personal finance advice and review site Next Advisor Inc. in its agreement to sell its assets to Bankrate Inc. for up to $225 million. The deal includes an up front payment of $76.3 million with an additional $3 million in restricted stock units, along with contingent earn out payments of up to $127.9 million in cash or Bankrate stock and another $7.8 million in RSUs.
San Francisco-based partner John Cook led the Orrick team, which included partners Steven Malvey and Daniel Yost, who works in Menlo Park, along with associates Daniel Lopez, James Wong, Christie Lim and Kimberly Loocke. New York-based senior counsel Mitchel Pahl and Washington, D.C.-based of counsel Patricia Zeigler also worked on the deal.
Bankrate, which has offices in New York, Chicago and San Francisco, publishes online content about personal finance.
MAY 9, 2016
Davis Polk represents Texas Instruments on $500 million note offering
Davis, Polk & Wardwell advised Dallas-based electronics company Texas Instruments Inc. in debt offering, in which the company sold $500 million worth of notes with a 1.85 percent interest rate due 2022. The company is well known for its line of graphing calculators often used in U.S. high schools and colleges.
The Davis Polk team included Menlo Park-based partners Bruce Dallas and Rachel Kleinberg and associates Hua Zhao, Judy Lai and K. Daniel Berman, who is based in New York.
Simpson Thacher & Bartlett represented the underwriters in the deal, which included Barclays, BofA Merrill Lynch, Mizuho Securities, Citigroup, J.P. Morgan Securities, Mitsubishi UFJ Securities, Morgan Stanley, The Williams Capital Group, U.S. Bancorp Investments, BNP Paribas Securities and HSBC Securities.
MAY 6, 2016
Paul Hastings guides Salesforce in investing more than $40 million for office expansion
Paul Hastings provided counsel to Salesforce.com in the company's investment of more than $40 million into its office expansion in Indianapolis. The investment will be spread over the next 10 years, with plans to add 800 new jobs in the next five years. The company will also move to new regional headquarters, occupying space at 111 Monument Circle. As part of the move, the building will be named Salesforce Tower Indianapolis.
San Francisco-based partner Stephen Berkman led the Paul Hastings team, assisted by associate Graham Babbitt.
MAY 5, 2016
Ropes & Gray helps Baring Private Equity Asia buy stake in Telus
Ropes & Gray represented Baring Private Equity Asia in its purchase of a 35 percent stake in Telus International, a subsidiary of Telus Corp., one of Canada's three largest telecom providers. The deal values Telus International at CA$1.2 billion ($934.80 million). Telus will use CA$600 million of the proceeds to expand its wireless and wired services in Canada. Telus International provides customer service information technology services to businesses across multiple industries, including telecommunications, technology, retail, travel and health care.
The Ropes & Gray team included San Francisco-based partner James DeGraw and Chicago-based partner Neill Jakobe and associates Hunter Sharp and Patrick Nash. Also on the deal were New York-based partner William Sussman and counsel Thomas Burke, Boston-based partner Elaine Murphy and counsel Deidre Johnson, Hong Kong-based partner Brian Schwarzwalder and London-based partner Will Rosen.
MAY 3, 2016
Latham & Watkins helps Relypsa on $150 million debt financing
Latham & Watkins advised Redwood City biopharmaceutical company Relypsa Inc. in its $150 million debt financing, in which the company sold senior secured notes with an 11.5 percent interest rate due April 27, 2022. Relypsa plans to use $17 million of the proceeds to pay all outstanding obligations on its loan and security agreement with Oxford Finance LLC and Silicon Valley Bank.
The Latham team included partners Haim Zaltzman, Mark Roeder, Brian Cuneo, Judith Hasko, Kirt Switzer, Laurence Seymour and Gregory Rodgers. Associates Phillip Stoup, John Williams, Kevin Tsai, Jessica Chen, Julie Crisp and Federico Soddu also worked on the deal, along with counsel Elizabeth Y. J. Oh. The Latham lawyers work in the San Francisco, Los Angeles, Menlo Park and New York offices.
Relypsa develops polymer-based medicines to treat diseases in the gastrointestinal tract.
Sidley Austin and Hunton & Williams guide on $571 million hotel joint venture
Sidley Austin represented a consortium of China-based institutional investors led by investment management platform Cindat Capital Management Ltd. in a joint venture with Hersha Hospitality Trust to co-own seven hotels in Manhattan. The join venture is worth $571.4 million. Cindat is the preferred joint venture partner and it holds a 70 percent ownership stake, while Hersha, based in Philadelphia, retains a 30 percent equity interest.
Los Angeles-based partner Joel Rothstein led the Sidley team, which included partner Ivy Jones, counsel Katheryn McCarthy and Liza Stone and associates Paul Turbow and James Warczak. Houston-based tax partner Timothy Devetski also worked on the deal.
Hunton & Williams advised Hersha Hospitality Trust.
The seven hotels in the joint venture include one Holiday Inn Express, two Holiday Inns, three Hampton Inns and the Candlewood Suites Times Square. The hotels have a combined 1,087 rooms.
Fenwick represents Chegg in buying Imagine Easy Solutions in deal worth up to $60 million
Fenwick & West advised Santa Clara-based Chegg Inc. in its purchase of Imagine Easy Solutions for $42 million. The all-cash transaction included about $25 million that will be paid at closing, with an additional $17 million to be paid April 2017. Up to an additional $18 million can be paid to Imagine Easy pending future events. Chegg provides online text book rentals and Imagine Easy Solutions offers several educational tools, including its online bibliography maker.
The Fenwick team included Mountain View-based partners David Bell and William Skinner and associates Priscila Bastazin, Victoria Wong, Ana Razmazma, Joseph Schenck, Meng Wu, Kristin O'Hanlon and Mark Jansen, along with counsel Anna Suh. San Francisco-based partners Stephen Gillespie and Blake Martell and associate Taylor Cashwell also worked on the deal. Seattle-based associate Shiva Mirzanian provided assistance.
APRIL 28, 2016
Cooley, Sullivan, Covington and Baker & McKenzie advise on AbbVie's $5.8 billion purchase of Stemcentrx
Covington & Burling represented North Chicago-based pharmaceuticals company AbbVie Inc. in its agreement to purchase South San Francisco-based cancer treatment company Stemcentrx Inc. for $5.8 billion. AbbVie will pay for the cash-and-stock deal with $2.0 billion in cash and the remainder in AbbVie stock. With the purchase, AbbVie adds Stemcentrx's product Rova-T, a small cell lung cancer treatment that has been shown to reduce tumors in 44 percent of patients who have been failed by other treatments and who have a high amount of a certain protein in their bodies.
The deal includes potential, additional payments of up to $4 billion in cash to the investors, pending regulatory approval and development goals for Stemcentrx products.
The Covington & Burling team included New York-based partners Andrew Ment and Scott Smith and Washington, D.C.-based partner John Hurvitz. Baker & McKenzie advised AbbVie on tax matters.
Cooley and Sullivan & Cromwell represented Stemcentrx. The Cooley team included Palo Alto-based partners Mark Weeks and Barbara Kosacz. The Sullivan & Cromwell team included New York-based partners Matthew Hurd and Krishna Veeraraghavan.
Morgan Stanley provided financial advice to Stemcentrx. Goodwin Procter advised Morgan Stanley with a team out of Boston and New York.
APRIL 26, 2016
Milbank represents Red Rock Resorts on $531 million IPO
Milbank, Tweed, Hadley & McCloy advised Las Vegas-based Red Rock Resorts Inc. in raising $531 million through its initial public offering. The company sold 27,250,000 shares of Class A common stock at $19.50 per share. The company, previously titled Station Casinos LLC, owns and operates several hotels and casinos in the United States, including the Las Vegas-based Red Rock Casino, Boulder Station Hotel and Casino, Texas Station Gambling Hall and Hotel and Fiesta Henderson.
The Milbank team included Los Angeles-based partners Deborah Conrad and Kenneth Baronsky and associates Matthew Chain and Soo Hwang. New York-based partners Russell Kestenbaum and Manan (Mike) Shah also worked on the deal.
Wilson Sonsini and Davis Polk work on GoDaddy's $574 million offering
Wilson Sonsini Goodrich & Rosati represented GoDaddy Inc. in its secondary offering of $574 million, in which some of the company's existing shareholders sold about 18,975,000 shares of Class A common stock at $30.25 a share. The Scottsdale, Ariz.-based company lets customers purchase and register web domains.
Davis, Polk & Wardwell represented Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR, JMP Securities, Oppenheimer & Co. and Piper Jaffray, which served as the underwriters on the deal. The Davis Polk team included Menlo Park-based partners Alan Denenberg, Sarah Solum and Rachel Kleinberg, along with associates Bryan Quinn, Donald Lang and Michelle Gross. New York-based associate Patrick Sigmon and counsel Marcie Goldstein also worked on the deal, with the help of New York-based counsel Jeanine McGuinness.
APRIL 12, 2016
Fenwick and Davis Polk advise on $54 million Aeglea BioTherapeutics IPO
Fenwick & West represented Austin, Texas-based Aeglea BioTherapeutics Inc. in offering 5,481,490 shares of common stock at a price of $10 per share for its initial public offering. Through the offer, the company hopes to raise up to $60 million. The company also offered the underwriters an over-allotment option of 481,940 shares of common stock.
The Fenwick team included partners Robert Freedman, Effie Toshav, Matthew Rossiter and associates Niki Fang, Melissa Frayer and Christopher Gorman. The lawyers work out of the San Francisco, Mountain View, Boise and Seattle offices.
Davis, Polk & Wardwell represented the underwriters in the deal, which included UBS Investment Bank, BMO Capital Markets, Wells Fargo Securities and Needham & Co. The Davis Polk team included Menlo Park-based Bruce Dallas and Rachel Kleinberg, counsel Jeffrey Gould and associates Keerthika Melissa Subramanian, Alexander Wu, Michelle Gross and Jason Bang. New York-based counsel Marcie Goldstein provided assistance.
APRIL 11, 2016
DLA Piper helps Magnum Semiconductor in its $55 million sale of GigOptix
DLA Piper advised Milpitas-based Magnum Semiconductor Inc. in its sale to semiconductor component supplier GigOptix Inc. for $55 million in a cash-and-stock transaction. Following the deal, GigOptix was renamed to GigPeak.
East Palo Alto-based partner Benjamin Griebe led the DLA Piper team, which included partners Mark Radcliffe, Cisco Palao-Ricketts, Stacy Paz, Jeffrey Aronson and Eric Goldberg, who works in Century City. Associate Eric Chow, based in East Palo Alto, also worked on the deal.
Magnum Semiconductor provides silicon integrated circuits and software for video broadcasting use and for cameras that connect to the Internet of Things.Please email news about mergers and acquisitions and other corporate transactions to firstname.lastname@example.org.