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Transaction Reports S&S Worldwide
Sansei Yusoki Co Ltd acquires stake in S&S Worldwide
Sansei Yusoki Co Ltd has acquired 226,379 shares of S&S Worldwide, Inc. one of the leading amusement ride and roller coaster manufacturers in the world. S&S was acquired by Sansei Yusoki Co Ltd, an Osaka Stock Exchange listed, elevation and stage equipment company, based in Osaka, Japan. Rich Allen, President and CEO of S&S, said, “The financial strength of Sansei, coupled with their strong engineering and manufacturing focus, will be a tremendous comple- ment to S&S’s patented portfolio and strong sales success all around the world.”
Jeff Koffman, Chairman of the Board of S&S, said, “It has been a pleasure getting to know the Sansei team, led by Makoto Nakagawa. I am excited about his vision for the future. Both companies are convinced that, with the strength of the combined entities, S&S will gain further market share
in the roller coaster and high-end segment in the amusement industry.”
Both Allen and Koffman will remain in their roles after the transaction, as will Kevin Rohwer, Vice President of Sales and Marketing for S&S. S&S will retain its headquarters and manufacturing facilities in Logan, Utah.
Tim MacColl, Managing Partner of Larsen MacColl Partners, said “The transaction certainly seems like an excellent fit with the purchaser’s existing business platforms and should be a win for both purchaser and sellers. We very much enjoyed working with purchaser and appreciate the efforts of our legal team at Miller & Martin PLLC, which was led by Mark Degler and Patrick Mitchell. They are trusted advisors who were critical to the success of this transaction, which involved cross-border issues, a foreign public company purchaser and complex indemnification provisions.”
Sansei Yusoki Co Ltd acquires stake in S&S Worldwide
Legal advisor to Larsen MacColl Partners:
Investment banking advisors to Larsen MacColl Partners:
Legal advisor to Sansei Yusoki Co., Ltd:
SOHO China Limited
SOHO China Limited $1bn Bond Offering
SOHO China Limited is a leading PRC commercial property developer primarily focused on the development and sale of prime office properties and complementary retail and high-end residential and hotel properties in Beijing and Shanghai. It is currently one of the largest participants in the PRC prime office property sector.
SOHO China Limited is engaged in investment in real estate development. The company has three segments: completed projects held for sale, which includes projects that have been completed and the Company has obtained completion certificates for those projects; projects under development, which includes projects that are under development, and completed investment properties, which includes one project that has been completed and is held to earn rental income. As of December 31, 2011, its
subsidiaries included Beijing Redstone Newtown Real Estate Co., Ltd., Hainan Redstone Industry Co., Ltd., Beijing Millennium Real Properties Development Co., Ltd., Beijing Yeli Real Properties Development Co., Ltd. and others. On December 29, 2011, the Company acquired 50% equity interest in Shanghai Haizhimen Property Investment Management Co., Ltd. On April 17, 2012, the Company and SOHO Shanghai, acquired the entire equity interests in Greentown Plaza Development.
In November 2012, the company issued $600 million 10-year senior notes with the yield of 5.75% and $400 million at 7.125%. It will use the fund for general corporate purpose and temporary cash investment.
The issuer was represented by law firms Sidley Austin, Zhong Lun, Walkers, MdME, Lex Caribbean and Commerce and Finance acted in this offering.
SOHO China Limited $1bn Bond Offering
Legal advisors to banks:
Legal advisors to SOHO China Limited:
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These announcements appears as a matter of record only