Paul, Weiss client ClearEdge Power, Inc., a subsidiary of Kohlberg Ventures LLC, announced that it has acquired all of UTC Power Corporation's equity interests from United Technologies Corporation. UTC Power Corporation is a holding company in the business of the design, development, manufacture, sale and installation of aftermarket support for fuel cell products and technology used in stationary energy applications.

Paul, Weiss client School Specialty, Inc.(School Specialty) announced that it entered into an asset purchase agreement with an affiliate of Bayside Capital, Inc., under which School Specialty proposes to sell its assets as a going concern through a court-supervised sale process. To facilitate the transaction, School Specialty and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Paul, Weiss client Silver Standard Resources Inc. (SSRI), a Canadian silver mining company with operations in Argentina, Mexico and Peru, closed a Rule 144A/Regulation S offering of $250 million aggregate principal amount of 2.875% Convertible Senior Notes due 2033. SSRI intends to use the net proceeds of the offering to repurchase or redeem its existing Convertible Notes in March 2013 and for general corporate purposes, which may include developing or advancing its property portfolio. Citigroup and BMO Capital Markets acted as lead bookrunning managers.

TransCanada PipeLines Limited completed a public offering of its 0.750% Senior Notes Due 2016 in the United States for gross proceeds of approximately $745 million. TransCanada PipeLines Limited is a Canadian company that operates primarily in three business segments: natural gas pipelines, oil pipelines and energy. Paul, Weiss represented the underwriters, led by HSBC and Citigroup, in connection with the offering.

Paul, Weiss client Wellspring Capital Management LLC announced that it has acquired National Seating & Mobility, Inc. from Ridgemont Equity Partners. Headquartered in Nashville, Tennessee, NSM is a provider of complex rehab technology solutions for individuals with permanent or long-term mobility loss due to trauma, physical abnormality, structural defect or disease. Financial terms of the transaction were not disclosed.

As reported by the Hollywood Reporter, The New York Times and the Wall Street Journal, Paul, Weiss client General Atlantic LLC along with BDT Capital Partners acquired a minority stake in Tory Burch LLC.

Paul, Weiss client Wilton Brands, one of the leading suppliers of crafts products in the United States, announced its acquisition of Simplicity Creative Group. Simplicity is one of the leading suppliers in the craft, sewing, knitting, hobby and home decorating categories.

Paul, Weiss client Crestview Partners completed its acquisition of ASP NEP/NCP Holdco, Inc., a leading provider of total broadcast solutions in the live sports and entertainment markets throughout the U.S. and U.K. Terms of the transaction were not disclosed.

Reckitt Benckiser Group plc, announced its acquisition of Schiff Nutrition International, Inc., following the successful completion of its $42.00 per share tender offer and a second-stage short-form merger. The transaction valued the company at $1.4 billion. Reckitt Benckiser had launched the offer on November 16, the day following its submission of a $42.00 per share topping bid in response to Schiff's previously announced October 29 agreement to be acquired by Bayer HealthCare LLC at $34.00 per share.

Southern Pacific Resource Corp. (STP) closed its high yield offering of Cdn$260 million aggregate principal amount of 8.75% Senior Secured Second Lien Notes due 2018, pursuant to Rule 144A in the United States and pursuant to Regulation S outside the United States. In connection with the offering, Paul, Weiss represented the underwriters, led by TD Securities Inc., RBC Capital Markets Inc., Credit Suisse Securities (Canada), Inc. and BMO Nesbitt Burns Inc.