Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News

LPL Holdings, Inc.’s Senior Notes Issuance

Nov 15, 2019

Shearman & Sterling advised Morgan Stanley and J.P. Morgan as representatives of the initial purchasers in connection with a Rule 144A/Regulation S offering by LPL Holdings, Inc. of $400 million aggregate principal amount of 4.625 percent senior notes due 2027. The senior notes are guaranteed by certain subsidiaries of the company.

News

Ecopetrol and Occidental Close Deal to Form Joint Venture

Nov 14, 2019

Shearman & Sterling advised Ecopetrol on its joint venture with Occidental Petroleum Corporation to develop 97,000 net acres in the Permian Basin in west Texas. Ecopetrol will pay $750 million in cash plus $750 million of carried capital in exchange for a 49-percent interest in the new venture. Occidental will own a 51-percent interest and operate the joint venture. The deal closed on November 13, 2019.

News

Saint-Gobain’s $1.4 Billion Acquisition of Continental Building Products

Nov 13, 2019

Shearman & Sterling advised Citigroup Global Markets Inc., which acted as exclusive financial advisor to Continental Building Products Inc. (CBP), in connection with CBP’s sale to France's Compagnie de Saint-Gobain S.A. The deal is valued at about $1.4 billion, or $37 per share.  

News

EnCap Flatrock Midstream’s $400 Million Equity Commitment and Acquisition

Nov 13, 2019

Shearman & Sterling represented EnCap Flatrock Midstream Fund IV, L.P. (EFM) in connection with a $400 million equity commitment to Ironwood Midstream Energy Partners II, LLC (Ironwood II). We also represented EFM in connection with Ironwood II’s execution of a purchase and sale agreement with Twin Eagle Pipeline Company, LLC for the acquisition of 100 percent of the membership interests of Twin Eagle Gardendale Pipeline, LLC, an entity that owns a crude oil gathering, transportation and storage system in Dimmit, Frio, La Salle and Zavala Counties, Texas.

News

Emmanuel Jacomy appointed to the Expert Advisory Committee of the IIDPS in China

Nov 12, 2019

Partner Emmanuel Jacomy (Beijing/Singapore-International Arbitration) was appointed on November 5, 2019 to the Expert Advisory Committee of the International Institute for Dispute Prevention and Settlement (IIDPS), jointly established by the China Council for the Promotion of International Trade (CCPIT) and the Beijing Institute of Technology (BIT).

News

Adam Hakki Named Law360 Banking MVP Of The Year

Nov 12, 2019

Adam Hakki, Shearman & Sterling’s Global Managing Partner and Global Head of Litigation, has been named Banking “MVP of the Year” by Law360. Adam’s selection for this prestigious honor is in recognition of his preeminent status as counsel to the financial industry and, in particular, a string of high-profile courtroom victories in the last year for major financial institution clients in a wide array of significant securities, antitrust, government and commercial cases.

News

Salini Impregilo’s €600 Million Global Offering

Nov 12, 2019

Shearman & Sterling acted as international counsel to Salini Impregilo S.p.A. (Salini Impregilo) in connection with its €600 million global offering of new ordinary shares completed on November 12, 2019.

News

Oryx Midstream's Acquisition of Targa Resources’ Crude Business

Nov 08, 2019

Shearman & Sterling advised Oryx Midstream in its agreement to acquire Targa Resources Corp.’s Permian Delaware crude business in a deal valued at approximately $135 million. Subject to customary regulatory approvals and closing conditions, the sale is expected to close in the fourth quarter of 2019. Sidley Austin was co-counsel to Oryx.

News

CPPIB’s $6.1 Billion Acquisition of Pattern Energy

Nov 07, 2019

Shearman & Sterling is advising Canada Pension Plan Investment Board (CPPIB) in connection with the acquisition of Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) in an all-cash transaction for $26.75 per share, implying an enterprise value of approximately $6.1 billion, including net debt. Concurrently with the entry into the agreement to acquire Pattern Energy, CPPIB signed an agreement with private equity firm Riverstone Holdings LLC to combine Pattern Energy with Pattern Energy Group Holdings 2 LP (an affiliate of Pattern Energy controlled by Riverstone), in order to create an integrated renewable energy company.

News

Cable Onda’s $600 Million Senior Notes Offering

Nov 07, 2019

Shearman & Sterling advised Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc., as initial purchasers, in connection with a Rule 144A/Reg S offering of $600 million of 4.500 percent senior notes due 2030 by Cable Onda, S.A., an indirect, majority-owned subsidiary of Millicom International Cellular S.A.