Weil, Gotshal & Manges

Arcosa, Inc. Announces Completion of Ameron Acquisition

Retrieved on: 
Tuesday, April 9, 2024
Other Transport, Other Manufacturing, Public Transport, Technology, Steel, Engineering, Transport, Telecommunications, Manufacturing, Growth, Weil, Gotshal & Manges, IA Financial Group, Acquisition, Adjustment, GAAP, Lighting, ACA

With four manufacturing facilities strategically located in Alabama, California, and Oklahoma, Ameron serves its customers with a nationwide presence.

Key Points: 
  • With four manufacturing facilities strategically located in Alabama, California, and Oklahoma, Ameron serves its customers with a nationwide presence.
  • For the year ended December 31, 2023, Ameron had revenues of approximately $94 million and Adjusted EBITDA of approximately $20 million.
  • The acquisition was funded with a combination of cash on-hand and $160 million of borrowings from our revolving credit facility.
  • This transaction accelerates the long-term growth profile of our Engineered Structures segment, while underscoring our disciplined acquisition strategy.

Fossil Group Announces Appointment of Eugene Davis and Pamela Corrie to Board of Directors

Retrieved on: 
Monday, March 25, 2024
FOSL, Burford Capital, GTT Communications, Spark Networks, BHG, Weil, Gotshal & Manges, Corporation, General counsel, Lord, Verso Corporation, AIG Financial Products, Acquisition, Senior, Bed Bath & Beyond, Lord & Taylor, Accounting, Fossil, Management

RICHARDSON, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or the “Company”, NASDAQ: FOSL) today announced that Eugene I. Davis has been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

Key Points: 
  • RICHARDSON, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or the “Company”, NASDAQ: FOSL) today announced that Eugene I. Davis has been appointed to the Board of Directors (the “Board”), effective March 24, 2024.
  • The Company also announced that it has entered into a Cooperation Agreement with shareholder The Buxton Helmsley Group, Inc. (“BHG”).
  • Pursuant to the Cooperation Agreement, the Company will welcome BHG nominee Pamela B. Corrie to the Board, effective March 24, 2024.
  • The appointment of the two new independent directors reflects Fossil’s commitment to ongoing Board refreshment and governance excellence.

SIGA Names Larry Miller General Counsel

Retrieved on: 
Monday, March 25, 2024
SIGA Technologies, Growth, Patient, Sale, Dartmouth College, General Mills, Infection, Pfizer, Columbia Law School, Intellectual property, Weil, Gotshal & Manges, Arnold & Porter

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- SIGA Technologies, Inc. (NASDAQ: SIGA), a commercial-stage pharmaceutical company focused on health security and infectious diseases, announced the appointment of Larry Miller as general counsel, effective today.

Key Points: 
  • NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- SIGA Technologies, Inc. (NASDAQ: SIGA), a commercial-stage pharmaceutical company focused on health security and infectious diseases, announced the appointment of Larry Miller as general counsel, effective today.
  • “Larry will be instrumental in helping us expand our reach on a global scale and maximize the benefits we bring to patients, customers, and shareholders.”
    Previously, Mr. Miller served as general counsel and secretary at Phathom Pharmaceuticals, Inc., a biopharmaceutical company focused on the development and commercialization of novel treatments for gastrointestinal disorders.
  • He also served as general counsel and secretary at Blue Buffalo Company, advising the company through its $8 billion sale to General Mills.
  • “I’m excited to join the SIGA team and help support its important mission of providing solutions for unmet needs in health security and infectious diseases,” said Mr. Miller.

Mesa Royalties III Announces Mineral and Royalty Acquisition in the Haynesville Shale Play

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Mining, Minerals, Oil, Gas, Energy, Finance, Natural Resources, Permian, Weil, Gotshal & Manges, Acquisition, NGP, Aethon

Mesa Royalties III Holdings, LLC and affiliates (“Mesa”) is pleased to announce its acquisition of oil and gas mineral and royalty interests (“the Acquisition”) in the Haynesville shale play from an undisclosed private seller.

Key Points: 
  • Mesa Royalties III Holdings, LLC and affiliates (“Mesa”) is pleased to announce its acquisition of oil and gas mineral and royalty interests (“the Acquisition”) in the Haynesville shale play from an undisclosed private seller.
  • The Acquisition included approximately 6,200 net royalty acres across various counties and parishes in the core of the Haynesville shale play.
  • The Acquisition includes approximately 253 gross and 2.0 net producing wells operated by top operators Aethon, Southwestern, and Chesapeake.
  • Pro-forma following this acquisition Mesa will now own over 11,000 net royalty acres in the Haynesville shale play and plan to continue to aggregate to scale the position.”
    Weil, Gotshal & Manges LLP served as legal counsel for Mesa on the transaction.

Packback Announces Strategic Investment from PSG Equity

Retrieved on: 
Thursday, March 21, 2024
Software, Networks, Finance, Data Management, Professional Services, Technology, Apps, Applications, Fintech, Weil, Gotshal & Manges, Partnership, Student, Education, PSG, Pressure, Motivation, Growth, Behringer, Taxonomy, Management

Packback, whose AI-enabled writing and discussion platform has helped empower more than 1.5 million students to be fearlessly curious and express their unique voices, today announced a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.

Key Points: 
  • Packback, whose AI-enabled writing and discussion platform has helped empower more than 1.5 million students to be fearlessly curious and express their unique voices, today announced a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.
  • “For over six years, Packback has developed AI models to promote student success and lighten the administrative burden on educators.
  • As our market demonstrates an urgent need, Packback is poised to help meet this demand, bolstered by PSG's support.
  • Goodwin Law served as legal advisor and Raymond James acted as the exclusive financial advisor to Packback.

Simpson Thacher Adds Two Leading Finance and Credit Partners in London

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Legal, Finance, Partner, Growth, Weil, Gotshal & Manges, Simpson Thacher & Bartlett, Acquisition, Energy, JPMorgan Chase, Financial services

Simpson Thacher & Bartlett LLP announced today that Paul Hibbert and Emma Serginson will join the Firm’s London office as Partners, where they will focus on financing and credit matters across the infrastructure sector, among other areas.

Key Points: 
  • Simpson Thacher & Bartlett LLP announced today that Paul Hibbert and Emma Serginson will join the Firm’s London office as Partners, where they will focus on financing and credit matters across the infrastructure sector, among other areas.
  • “Paul and Emma each have substantial market knowledge and tremendous experience developing creative financing solutions,” said Alden Millard, Chair of Simpson Thacher’s Executive Committee.
  • “Their addition to the team deepens our bench of substantial talent and adds firepower to our infrastructure offering.
  • Emma, who previously spent time on secondment at the credit products legal team of JPMorgan in London, focuses her practice on infrastructure, leveraged acquisition finance, domestic and cross-border debt and other corporate finance transactions.

Zambia External Bondholder Steering Committee Reaches Agreement with Zambia on Debt Restructuring

Retrieved on: 
Monday, March 25, 2024
Index, Government, Documentation, Farallon Capital, Committee, LLP, RBC, IMF, AIP, Greylock Capital Management, OCC, The Committee, World Bank, Limited, Weil, Gotshal & Manges, Security (finance)

LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.

Key Points: 
  • LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.
  • Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia's interests, but the wider creditor community as a whole.
  • The proposed restructuring terms set out in the 2024 Agreement are based on the same structure as the November 2023 AIP.
  • Implementation of the 2024 Agreement is conditional on mutual agreement on deal documentation, and the objective is to fully implement the agreement as promptly as feasible.

Zambia External Bondholder Steering Committee Reaches Agreement with Zambia on Debt Restructuring

Retrieved on: 
Monday, March 25, 2024
Index, Government, Documentation, Farallon Capital, Committee, LLP, RBC, IMF, AIP, Greylock Capital Management, OCC, The Committee, World Bank, Limited, Weil, Gotshal & Manges, Security (finance)

LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.

Key Points: 
  • LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.
  • Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia's interests, but the wider creditor community as a whole.
  • The proposed restructuring terms set out in the 2024 Agreement are based on the same structure as the November 2023 AIP.
  • Implementation of the 2024 Agreement is conditional on mutual agreement on deal documentation, and the objective is to fully implement the agreement as promptly as feasible.

Pacific Avenue Capital Partners Has Announced the Signing of a Put Option Agreement to Acquire Purflux, Currently Operating as the Filtration Business Unit of Sogefi S.p.A.

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, The Company, J.P. Morgan & Co., OEM, OE, Growth, Original equipment manufacturer, Sale, Clifford Chance, Houlihan Lokey, Robert W. Baird, Weil, Gotshal & Manges, Fine chemical

The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment ("OE") customers globally.

Key Points: 
  • The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment ("OE") customers globally.
  • In 2023, the Company generated over $600 million of revenue and more than $100 million of adjusted EBITDA.
  • The sale and purchase agreement signing can take place after the France works counsel consultation process is complete and the put option agreement is exercised by Sogefi.
  • Pacific Avenue has positioned itself as a trusted partner to corporate sellers globally ensuring seamless transitions regardless of transaction complexity."

Aizon Appoints Scott B. Waldman to Board of Directors

Retrieved on: 
Tuesday, February 27, 2024
Professional Services, Health, Data Analytics, Technology, Software, Pharmaceutical, Biotechnology, Acquisition, Sidley Austin, Enzon Pharmaceuticals, Growth, CDMO, Software as a service, EBR, Weil, Gotshal & Manges, Artificial intelligence, Research, Management

Aizon , an Artificial Intelligence (AI) SaaS provider that transforms pharmaceutical manufacturing operations, today announced the appointment of Scott B. Waldman to the Company’s Board of Directors (the “Board”), effective immediately.

Key Points: 
  • Aizon , an Artificial Intelligence (AI) SaaS provider that transforms pharmaceutical manufacturing operations, today announced the appointment of Scott B. Waldman to the Company’s Board of Directors (the “Board”), effective immediately.
  • “I am pleased to welcome Mr. Waldman to Aizon’s Board of Directors, where he will play an integral role in supporting the execution of our strategy during this next pivotal phase of growth,” said Pep Gubau, Aizon CEO and co-founder.
  • On behalf of the entire Board, we are looking forward to working alongside Scott as we continue to scale to support even more global customers.”
    Mr. Waldman has led and advised life sciences companies for more than 25 years.
  • I am thrilled to join such an innovative and dynamic company, and look forward to working closely with the Board and leadership team to take Aizon to the next level.”