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.
LitigationBankruptcyCorporateEmployee BenefitsEntertainmentPersonal RepresentationReal EstateTaxSusanna M. BuergelMichele HirshmanBeth A. Wilkinson
Buergel, Michele Hirshman and Beth
Wilkinson are featured in Benchmark Litigation's "Top
250 Women in Litigation." The results of Benchmark
Litigation are based on a six-month period of extensive
interviews with litigators and their clients as well as the
selected lawyers' recent case work.
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.
CorporateMergers & AcquisitionsEmployee BenefitsEnvironmentalIP TransactionsReal EstateTax
Oak Hill Capital Partners and other shareholders have entered in
to a definitive agreement to sell Oak Hill portfolio company and
Paul, Weiss client ViaWest, Inc., to Shaw Communications Inc., one
of the largest Canadian telecommunications and media businesses,
for an enterprise value of $1.2 billion.
Paul, Weiss client Preferred Sands, one of North America's
largest producers of sand and resin coated proppants, closed on a
comprehensive restructuring. KKR, a leading global investment firm,
provided $680 million of debt and equity to fully refinance
Preferred Sands' outstanding debt. KKR funded the debt through a
term loan, ABL and Notes.
Paul, Weiss was named Law Firm of the Year in the Private Equity
Funds category by The Legal 500 United States Awards 2014.
Paul, Weiss was also the only firm shortlisted in both the Private
Equity Funds and the Alternative/Hedge Fund categories. The awards
recognize the best in-house and private practice teams and
individuals over the past 12 months based on more than 50,000
interviews and comprehensive research into the U.S. legal market.
The winners will be honored at an exclusive event in New York City
on September 24.
LitigationElizabeth M. Sacksteder
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today
that Elizabeth M. Sacksteder has
joined the firm as a partner in its litigation department, resident
in New York, where she will focus on complex litigation and