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CATHAY ON THE FINANCING OF THE ACQUISITION OF E. WINKEMANN

Feb 21, 2018

Shearman & Sterling advised Cathay Capital Private Equity (“Cathay”) on financing the acquisition of a majority stake in the Plettenberg-based automotive supplier E. WINKEMANN. The majority stake will be acquired by the Cathay Capital MidCap Fund. The sellers, funds managed by Equistone Partners Europe and E. WINKEMANN’s management, remain invested in the company. The financial terms of the deal are undisclosed and completion of the sale is subject to the approval of the relevant competition authorities.

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LyondellBasell to Acquire A. Schulman for $2.25 Billion

Feb 21, 2018

Shearman & Sterling advised LyondellBasell Industries N.V. on its merger transaction with A. Schulman, Inc., a company listed on NASDAQ, for $2.25 billion. 

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Adam Hakki Named Securities Lawyer of the Year

Feb 16, 2018

Adam Hakki, global head of Shearman & Sterling’s Litigation group, was named the “2018 Securities Lawyer of the Year” for the entire United States by Benchmark Litigation, a leading guide to the top litigation firms and attorneys in the United States. Adam, one of six shortlisted lawyers, received the award at a ceremony held on February 15, 2018 in New York.

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KME AG’s €300 Million Senior Secured Notes Offering

Feb 14, 2018

Shearman & Sterling represented Goldman Sachs International, BNP Paribas, Deutsche Bank, Banca Akros S.p.A. Gruppo Banco BPM, Banca IMI and Raiffeisen Bank International on KME AG’s €300 million offering of its 6¾% senior secured notes due 2023. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on February 9, 2018.

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The Province of Ontario’s $3 Billion Bond Offering

Feb 12, 2018

Shearman & Sterling represented the Province of Ontario in connection with its public offering of  $3 billion of its 2.55% bonds due February 12, 2021.  Application has been made to the Luxembourg Stock Exchange (LSE) for the bonds to be admitted to trading on the Euro MTF Market of the LSE.  

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GE Capital’s Acquisition of 24.99% Stake in YPF Energia Electrica

Feb 08, 2018

Shearman & Sterling is advising GE Capital Global Holdings, LLC on its acquisition of a 24.99% stake in YPF Energía Eléctrica (YPF EE) from YPF S.A. When complete, GE Capital and YPF S.A. will jointly control YPF EE. GE Capital will pay $275 million for its stake in YPF EE, in addition to a $35 million contingent payment. The transaction is expected to close by February 28, 2018. 

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Moldowan Comments on US Tax Reform and the Impact on Executive Pay

Feb 08, 2018

Counsel Gillian Emmett Moldowan (New York-Compensation, Governance & ERISA) was interviewed by Julian Sayarer of Lexis PSL Share Incentives on January 30, 2018 regarding the recently enacted Tax Cuts and Jobs Act 2017.

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The Republic of Chile’s $2 Billion Notes Offering and Switch Tender Offer

Feb 06, 2018

Shearman & Sterling represented Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriters in the Republic of Chile’s issuance of $2 billion 3.24% notes due 2028.  The offering was made in an SEC-registered transaction and occurred contemporaneously with a “switch tender” invitation to holders of specified outstanding series of Chile’s notes, whereby such holders were offered the right to purchase these notes, with preference given to holders who agreed to purchase Chile’s new notes. 

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The Province of Ontario’s C$1 Billion Green Bond Offering

Feb 05, 2018

Shearman & Sterling represented the Province of Ontario in connection with its public offering of C$1 billion of its 2.65% bonds due February 5, 2025. The bonds are the fourth issued under Ontario’s green bond program that will help finance transit and other environmentally friendly infrastructure projects across Ontario. Application has been made to the Luxembourg Stock Exchange (LSE) for the bonds to be admitted to trading on the Euro MTF Market of the LSE and the Luxembourg Green Exchange.

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The Republic of Chile’s €830 million Notes Offering

Feb 01, 2018

Shearman & Sterling represented Banco Santander, S.A., BNP Paribas and HSBC Bank plc as underwriters in the Republic of Chile’s issuance of €830 million 1.44% notes due 2029.  The offering was made in an SEC-registered transaction.