ON POINT: News and Insights from our Mergers and Acquisitions Practice
September 12, 2011
Mergers and Acquisitions Practice
RECENT CLIENT SUCCESS
Representing Samsung Electronics in the $1.375 billion sale of its hard disk drive (HDD) business to Seagate Technology, a NASDAQ-listed manufacturer of HDD and storage solutions, and extending and enhancing the existing patent cross-license agreement between the companies.
Represented leading ambulance and private fire protection services company Rural/Metro Corporation in its $670 million acquisition by global private equity firm Warburg Pincus.
Represented the Special Committee of the Board of Directors of Trimeris, Inc., a publicly-traded biotechnology company, in its $275 million reverse merger stock-for-stock combination with privately held Synageva BioPharma Corp.
Represented Rudong Ritai Infrastructure Development & Investment Co., Ltd. in its $230 million acquisition of equity interests in Rudong Yangkou Port Investment & Development Co., Ltd. from Glory Well Limited, a subsidiary of PYI Corporation Limited, a Hong Kong Stock Exchange-listed company. This is the largest acquisition transaction in Rudong county, China.
Represented Kobe Steel Ltd., a major Japanese equipment manufacturer, in its acquisition of a 44.3% equity share in Wuxi Compressor Co., Ltd., a leading Chinese manufacturer of compressors.
Represented Korea East-West Power Co., Ltd. in its acquisition of a 40% stake of Jamaica Public Service Company Limited, a vertically integrated utility with the exclusive right to transmit and distribute electricity in Jamaica, from Marubeni Corporation.
Represented Astorg Partners, one of the major French private equity firms, in its leveraged buyout of France-based Saverglass, a leading designer and manufacturer of luxury glass bottles.
EXPANDING OUR M&A PRACTICE
We are pleased to announce that Garrett Hayes has joined Paul Hastings as a partner in our M&A and Private Equity practices.
Based in the firm's London office, Mr. Hayes' expertise covers a broad range of general corporate work, with a specialty in private company M&A and private equity.
In particular, he has acted for private equity sponsors and portfolio companies on leveraged buyouts, restructurings, and auction sale processes. He has also advised management on a number of high-profile transactions.
Bloomberg, Thomson Reuters, and mergermarket ranked Paul Hastings as a leading M&A advisor in their Q1-Q2 2011 M&A League Tables.
London office Chair Ronan O'Sullivan was selected as a winner of M&A Advisor's 2nd Annual 40 Under 40 Recognition Awards. Additionally, partners Peter Burke, Jeff Hartlin, and Sammy Li were selected as finalists. The 2011 40 Under 40 Award winners and finalists were selected for their accomplishments and expertise from a pool of prominent nominees by an independent judging panel of distinguished business leaders.
Paul Hastings was awarded the Real Estate Deal of the Year Award by M&A Advisor at the 2011 Alternative Investing & Financing Awards. The award honored the firm's representation of Oaktree Capital in its acquisition of loans and properties from the FDIC.
Paul Hastings has been nominated for "In-House Community Firm of the Year" in China for Corporate and M&A by Asian-Mena Counsel and has also been selected as a finalist for "China M&A Deal of the Year" for our work on the Hanwha Chemical deal by China Law & Practice.