Gibson Dunn

IOG Resources II Announces Acquisition

Retrieved on: 
星期一, 五月 6, 2024
Finance, Oil, Gas, Energy, Professional Services, Asset Management, Chevron Corporation, Asset, CIVI, IOG, Occidental Petroleum, Acquisition, Gibson Dunn

IOG Resources II, LLC (“IOGR II”) today announced that it has acquired oil and gas working interests and royalty interests (the “Assets”) in the DJ Basin from Civitas Resources, Inc. (NYSE: CIVI).

Key Points: 
  • IOG Resources II, LLC (“IOGR II”) today announced that it has acquired oil and gas working interests and royalty interests (the “Assets”) in the DJ Basin from Civitas Resources, Inc. (NYSE: CIVI).
  • The Assets include approximately 1,480 developed and undeveloped wellbores located primarily in Weld County, Colorado.
  • The acquisition represents the fourth investment in IOGR II and the sixteenth investment for the IOG Resources platform.
  • Gibson, Dunn & Crutcher LLP acted as legal counsel to IOGR II.

EyeCare Partners Announces Refinancing Transaction Completion

Retrieved on: 
星期五, 五月 3, 2024
Professional Services, Communications, Health, Finance, Public Relations, Investor Relations, Optical, Dechert, LLP, Partner, RCF, Kirkland & Ellis, Centerview Partners, Gibson Dunn, Line of credit

EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.

Key Points: 
  • EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.
  • “We are strongly encouraged by the high participation level across our debt exchanges and the financial support for EyeCare Partners to execute on our long-term strategic initiatives,” said Chris Throckmorton, EyeCare Partners Chief Executive Officer.
  • Kirkland & Ellis LLP served as the Company’s legal advisor, Centerview Partners LLC served as its financial advisor and Berkeley Research Group LLC served as its operational advisor in the transaction.
  • Dechert LLP served as legal advisor, and Perella Weinberg Partners LP served as financial advisor to an ad hoc group of 2L holders in the transaction.

Danimer Scientific Announces Proposed Pro-Rata Distribution of Warrants to Purchase Common Stock

Retrieved on: 
星期四, 五月 2, 2024
Technology, Manufacturing, Other Energy, Other Science, Other Technology, Research, Nanotechnology, Alternative Energy, Energy, Science, Chemicals, Plastics, VWAP, Debt-to-GDP ratio, Sale, Date, Dividend, Danimer Scientific, Common, OTCQX, Gibson Dunn, P.C, Exercise, Common stock, DNMR, Strike, Calendar, Note, Q&A, Security (finance)

Danimer Scientific, Inc. (NYSE: DNMR) (“Company” or “Danimer Scientific”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced a proposed pro-rata dividend distribution of warrants (“Dividend Warrants”) to holders of the Company’s Class A Common Stock, par value $0.0001 per share (“Common Stock”) as of May 13, 2024 (“Record Date”).

Key Points: 
  • Danimer Scientific, Inc. (NYSE: DNMR) (“Company” or “Danimer Scientific”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, today announced a proposed pro-rata dividend distribution of warrants (“Dividend Warrants”) to holders of the Company’s Class A Common Stock, par value $0.0001 per share (“Common Stock”) as of May 13, 2024 (“Record Date”).
  • After the Distribution Date, the Dividend Warrants are expected to list and trade on the OTCQX market, separate from Danimer Scientific’s Common Stock, which will continue to trade on the New York Stock Exchange.
  • As an example, a stockholder who owns 3,000 shares of Common Stock would receive 1,000 Dividend Warrants, and a stockholder who owns 1,000 shares of Common Stock would receive 333 Dividend Warrants.
  • The Company expects to file with the SEC a registration statement to register the shares of Common Stock underlying the Dividend Warrants.

KLDiscovery Takes Steps to Strengthen Balance Sheet and Long-Term Financial Foundation

Retrieved on: 
星期四, 五月 2, 2024
Professional Services, Data Management, Technology, Legal, Other Technology, Software, Investment, News, Guggenheim Partners, Vision, Gibson Dunn, Documentation, AlixPartners, Heel, Warner Bros. Discovery EMEA, Data management, Nebula, Growth, Security (finance)

“KLDiscovery is a strong business with a leading market position, premier brands, and a clear vision for the future.

Key Points: 
  • “KLDiscovery is a strong business with a leading market position, premier brands, and a clear vision for the future.
  • The estimated equity split described above may be adjusted as a result of ongoing discussions and definitive documentation of the transaction.
  • This news comes on the heels of KLDiscovery’s record breaking financial performance in 2023, reflecting strong full-year revenue, EBITDA, and adjusted EBITDA.
  • Gibson, Dunn & Crutcher LLP is serving as legal counsel, Guggenheim Securities, LLC is serving as investment banker, AlixPartners is serving as financial advisor, and C Street Advisory Group is serving as strategic communications advisor.

Eldridge Acre Partners, the Successor Operating Business to AECOM Capital Real Estate, Launches as a Specialized Real Estate Investment Firm

Retrieved on: 
星期五, 五月 3, 2024
Eldridge Industries, EAP, Sidley Austin, Investment, Housing, Partnership, Growth, Gibson Dunn, Entrepreneurship, Executive Committee, LOS, CIO, Asset management, Management

LOS ANGELES, May 3, 2024 /PRNewswire/ -- Today, Eldridge Acre Partners ("EAP") announced its formation in partnership with Eldridge Industries as a privately held real estate investment management firm specializing in U.S. real estate. EAP, the successor operating business to AECOM Capital Real Estate, will leverage its team's hands-on real estate investment and development experience to identify new opportunities for growth, particularly in rental housing, industrial, mixed-use properties, and student housing. EAP will also provide support in respect of AECOM Capital's existing investments and related investment vehicles.

Key Points: 
  • The new company, formed in partnership with Eldridge Industries, will focus on opportunistic investments across diversified real estate sectors
    LOS ANGELES, May 3, 2024 /PRNewswire/ -- Today, Eldridge Acre Partners ("EAP") announced its formation in partnership with Eldridge Industries as a privately held real estate investment management firm specializing in U.S. real estate.
  • EAP, the successor operating business to AECOM Capital Real Estate, will leverage its team's hands-on real estate investment and development experience to identify new opportunities for growth, particularly in rental housing, industrial, mixed-use properties, and student housing.
  • EAP will also provide support in respect of AECOM Capital's existing investments and related investment vehicles.
  • "Current market conditions create strong potential investment opportunities focused on assets that will benefit from long-term structural tailwinds.

Lex Machina Releases 2024 Class Action Litigation Report

Retrieved on: 
星期四, 五月 2, 2024
Gibson Dunn, Software, Data, Research, LexisNexis, Employment, Lex Machina, Property management

MENLO PARK, Calif., May 2, 2024 /PRNewswire/ -- Lex Machina, a LexisNexis company, today releases its annual Class Action Litigation Report. The report examines class action litigation trends in federal district and appellate courts. Focusing on the three-year period from 2021 to 2023, it surveys emerging trends in case filings, venues, judges, law firms, parties, timing metrics, case resolutions, and damages. The report often focuses on different sets of data, e.g., filtering cases in order to provide analytics on general class action cases, civil rights class action cases, consumer protection class action cases, employment class action cases, and class action appellate cases.

Key Points: 
  • Case filings for consumer protection, employment and other types of class action litigation rebounded
    MENLO PARK, Calif., May 2, 2024 /PRNewswire/ -- Lex Machina, a LexisNexis company, today releases its annual Class Action Litigation Report.
  • The report often focuses on different sets of data, e.g., filtering cases in order to provide analytics on general class action cases, civil rights class action cases, consumer protection class action cases, employment class action cases, and class action appellate cases.
  • "Our coverage of class action litigation is one of our recent expansions, and we are proud of the complex set of data and analytics that enables practitioners to gain valuable insights by filtering by practice area, class size, and damages, among other parameters," said Laura Hopkins, Lex Machina's class action legal data expert and editor of the report.
  • Register here for a copy of the report: https://pages.lexmachina.com/2024-Class-Action-Report_LP.html
    Lex Machina is hosting a webcast to discuss the report on May 2, 2024 at noon ET/9am PT with Wesley Sze (Senior Associate at Gibson Dunn), Laura Hopkins (Lex Machina's Legal Data Expert in Class Action Litigation), and Gloria Huang, (Lex Machina's Product Marketing Manager).

SES to Acquire Intelsat in Compelling Transaction Focused on the Future

Retrieved on: 
星期二, 四月 30, 2024
Networks, Satellite, Audio, Video, Technology, Telecommunications, Slate, GEO, OPEX, Ecosystem, International, O3b, Gibson Dunn, Policy, FCF, MEO, Morgan Stanley, Sport, Guggenheim Partners, Debt, Communication, Ultra, Deutsche Bank, NPV, Metric, Growth, Webcast, Habit, Combine, Intelsat, Cropping system, International Financial Reporting Standards, Government, Acquisition, PJT Partners, Aircraft, Adjustment, Orientation, FX, Capital expenditure, Atmosphere, GAAP, Enterprise value, Network

SES S.A. (“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l.

Key Points: 
  • SES S.A. (“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l.
  • PJT Partners served as financial advisor to Intelsat and rendered a fairness opinion to the Intelsat S.A. Board of Directors.
  • The financial information presented for SES and Intelsat does not apply a consistent set of accounting policies.
  • Pro forma financial information are aggregations of the corresponding SES and Intelsat financial information, adjusted for the elimination of material intra-group transactions.

KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT

Retrieved on: 
星期四, 四月 25, 2024
Education, Construction & Property, REIT, University, State, J.P. Morgan & Co., ACC, American Campus Communities, Housing, Bed, Gibson Dunn, Simpson Thacher & Bartlett, Acquisition, KKR, Student, Growth, Real estate

KKR and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement for funds managed by KKR to acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion.

Key Points: 
  • KKR and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement for funds managed by KKR to acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion.
  • The over 10,000-bed portfolio is comprised of 19 purpose-built, premium student housing assets anchored to 14 leading four-year public universities across 10 states.
  • BREIT acquired this portfolio in 2018 in a joint venture with Greystar Real Estate Partners, LLC ("Greystar").
  • Since acquiring ACC in 2022, Blackstone has enabled ACC to build more student housing, including breaking ground on four new student housing communities since Fall 2023.

Gibson Dunn and Barrasso Usdin File Civil Rights Lawsuit to Secure Constitutional Rights of Young Woman Incarcerated for Over Six Months Despite Never Being Charged With a Crime

Retrieved on: 
星期四, 四月 25, 2024
Professional Services, Philanthropy, Public Policy, Government, State, Local, Legal, Other Philanthropy, Education, Pain, Charrier, Arrest, Partnership, Life, Gibson Dunn, Knowledge, Family, District attorney, Work, Crime, Defendant, COVID-19, Imprisonment

For more than six months in 2023, Ms. Alfred languished in the Iberia Parish Jail in the State of Louisiana.

Key Points: 
  • For more than six months in 2023, Ms. Alfred languished in the Iberia Parish Jail in the State of Louisiana.
  • Ms. Alfred had not been charged with committing any crime, nor was she a suspect.
  • Ms. Alfred cooperated with the investigation of the crime—in fact, she voluntarily spoke to police multiple times.
  • I look forward to working with the Gibson Dunn team to right these wrongs and am grateful for their partnership on this case.”

Ryan Challenges New Non-Compete Rule Issued by Federal Trade Commission (FTC)

Retrieved on: 
星期二, 四月 23, 2024
Consulting, Accounting, Professional Services, Technology, Software, Federal Trade Commission, FTC, IP, General counsel, Research, History, Gibson Dunn, Commission, District court, Constitution, Logic, Intellectual property

Ryan , a leading global tax services and software provider, is challenging a new rule issued by the Federal Trade Commission (FTC) that outlaws non-compete employment agreements.

Key Points: 
  • Ryan , a leading global tax services and software provider, is challenging a new rule issued by the Federal Trade Commission (FTC) that outlaws non-compete employment agreements.
  • The Firm seeks to prevent the immense, undue burdens the FTC’s rule would impose on service-driven companies of every size nationwide.
  • Ryan sought to dissuade the FTC from this action by submitting last spring a 54-page public comment against the FTC’s proposed rule.
  • Ryan explained how non-compete agreements are an important tool for firms to protect their IP and foster innovation.