Shearman & Sterling advised LyondellBasell Industries N.V. on its merger transaction with A. Schulman, Inc., a company listed on NASDAQ, for $2.25 billion.
Various partners and associates of the Antitrust and Litigation teams have been nominated for the Concurrences Antitrust Writing Awards 2018.
Jessica Delbaum, David Higbee, Djordje Petkoski, Wayne Dale Collins and Arjun Chandran are nominated for the article on “The FTC’s Challenge of Red Ventures–Bankrate: Antitrust Risks in Deals Backed by Private Equity Minority Shareholders;” Geert Goeteyn, Elvira Aliende Rodriguez, Susanna Charlwood, Jo Rickard and Ruba Noorali are nominated for the article on “The English High Court Rules in Favour of Air Cargo Defendants Regarding Temporal Scope of Claimants’ Claims;” Matthew Readings, Geert Goeteyn, Elvira Aliende Rodriguez and Ruba Noorali are nominated for the article on “Icap v. Commission: General Court Upholds Cartel Liability of Facilitators, but Attempts to Rein in Commission’s Approach in Settlements;” and James Webber and George Milton are nominated for the article on “EU Court Decides EU Merger Control Can Only Catch Joint Control Transactions If the Resulting Entity Is ‘Full-Function’.”
Shearman & Sterling advised the previous shareholders of MeinAuto GmbH, including Holtzbrinck Ventures GmbH, Global Founders Capital GmbH & Co., Beteiligungs KG Nr. 1, Vorwerk Direct Selling Ventures GmbH and Herrn Nicolas Leutwiler, on the sale of their shares to the U.K. investment firm HgCapital.
Shearman & Sterling advised Credit Suisse as sole global coordinator on Pro-Gest S.p.A.’s €250 million inaugural high yield bond offering. Pro-Gest expects to use the proceeds of the offering to repay certain outstanding indebtedness and for general corporate purposes, including the prefunding of capital expenditures.
Shearman & Sterling advised Barclays, DNB Markets, UniCredit Bank, BNP Paribas, BofA Merrill Lynch, Lloyds Bank, NatWest Markets and Société Générale on Thomas Cook's €400 million high yield bond offering.
The firm hosted a traditional American Thanksgiving dinner on November 15 at the Biblioteca Nacional de España, a venue that had only been used for a private event twice before since its opening in the 1800s. The event brought together many of the firm’s key clients and local counsel in Spain and provided networking opportunities for attendees, including 25 partners and counsel from offices in New York, Paris, London, Milan, Brussels and Frankfurt.
Shearman & Sterling advised First Eagle Funds on the proposed sale of the Emin Leydier group, a French producer of corrugated paper and packaging, which operates eight industrial sites in France.
Shearman & Sterling represented Credit Suisse, Société Générale, BNP Paribas, Crédit Agricole, ING, UniCredit and CaixaBank as initial purchasers on Masaria Investments’ €600 million high yield bond offering. The bond consisted of €275 million 5% senior secured fixed rate notes due 2024 and €325 million senior secured floating rate notes due 2024.
Shearman & Sterling advised CITIC Capital China Partners III, L.P., a buyout fund managed by the private equity arm of CITIC Capital Holdings Limited, on a co-investment with 3i Group plc to acquire Formel D from Deutsche Beteiligungs AG.