Mergers & AcquisitionsCorporateLitigation
As reported in The Wall Street Journal and other media
outlets, Paul, Weiss client SAP SE announced that subsidiary SAP
America, Inc. has entered into an agreement to acquire Concur
Technologies, a leading provider of travel and expense management
software, for a purchase price of $8.3 billion.
CorporateCommunications & TechnologyMergers & AcquisitionsXiaoyu Greg Liu
China Law & Practice awarded Paul, Weiss
"International Telecommunications, Media & Technology Firm of
the Year" at the China Law & Practice Awards 2014.
Corporate partner, Greg Liu and associate Abra Murray
received the award.
Mergers & AcquisitionsCorporateEmployee BenefitsIP TransactionsTax
Paul, Weiss client Ericsson Inc. announced that it has agreed to
acquire Apcera Inc., a San Francisco-based enterprise services
company and creator of the next-generation platform-as-a-service
Continuum, which works across hybrid cloud and traditional
environments. The acquisition is expected to close in the fourth
quarter of 2014 and will strengthen Ericsson's position in the
cloud market by extending its network approach to operator and
Mergers & AcquisitionsCorporateEmployee BenefitsReal EstateTaxIP TransactionsEnvironmental
Paul, Weiss client Pabst Brewing Company, North America's
largest privately held brewing company and the owner of Pabst Blue
Ribbon and other iconic American brands, has entered into a
definitive agreement to be acquired by Oasis Beverages, Ltd.
TSG Consumer Partners LLC, a leading strategic equity investor in
growth-oriented consumer brands, will acquire a minority stake in
Pabst as part of the transaction. Terms of the deal were not
Mergers & AcquisitionsCorporateEmployee BenefitsTax
Paul, Weiss client Oak Hill Capital Partners announced that it
has entered into a definitive agreement to acquire Berlin Packaging
LLC, a leading supplier of rigid packaging products and services in
North America, from Investcorp, in a transaction valued at $1.43
billion. Completion of the transaction, which is expected to close
in the third quarter, is subject to customary closing
Star Bulk Carriers Corp. announced that it has entered into
definitive agreements with Paul, Weiss client Excel Maritime
Carriers Ltd. to acquire 34 operating vessels for aggregate
consideration of $634.91 million, comprised of 29.917 million
shares of Star Bulk common stock and $288.39 million in cash. Upon
completion of the transaction, Star Bulk's position as the largest
U.S. listed dry bulk company will be further enhanced, with a fleet
of 103 vessels on a fully delivered basis.
Mergers & AcquisitionsCorporateTaxReal EstateEmployee BenefitsEnvironmentalIP Transactions
Paul, Weiss client KPS Capital Partners, LP announced that it
has signed a definitive agreement, through an affiliate, to sell
portfolio company Waupaca Foundry, Inc. to Hitachi Metals, Ltd. for
$1.3 billion in cash. Completion of the transaction, which is
expected to close during the fourth quarter, is subject to
customary closing conditions.
CorporateMergers & AcquisitionsReal EstateTax
Paul, Weiss client NorthStar Realty Finance Corp. and
Griffin-American Healthcare REIT II, Inc. announced that the boards
of directors of both companies have unanimously approved a
definitive merger agreement under which NorthStar Realty will
acquire all of the outstanding shares of Griffin-American in a
stock and cash transaction valued at $4 billion, including
approximately $600 million of debt, establishing NorthStar Realty
as a leading investor in the healthcare real estate sector.
CorporateMergers & AcquisitionsTaxEmployee Benefits
As reported in The New York Times "Dealbook,"
Bloomberg and other media outlets, Evercore announced that
it has entered into an agreement to acquire the operating business
of Paul, Weiss client International Strategy & Investment, a
leading independent research-driven equity sales and agency trading
firm. Evercore will also acquire the approximately 40 percent
interest in its Institutional Equities business not currently owned
by the company.