Jessica Chen is an associate in the New York Capital Markets Practice concentrating on securities transactions and general corporate representations.
Jessica represents issuers and underwriters in equity and debt transactions, including registered offerings, 144A and Regulation S offerings, private placements and in connection with mergers and acquisitions as well as liability management. She has been the lead associate on a number of complex cross-border transactions and also counsels public companies on disclosure issues, ongoing reporting and corporate governance practices.
Jessica often works with entrepreneurs and start-up companies as part of the Emerging Companies practice.
Representation of Morgan Stanley as sole underwriter in the US$890 million secondary offering/block trade of the common stock of Quintiles IMS Holdings, Inc. (NYSE: Q) by certain selling stockholders and the subsequent repurchase by the company of $300 million of its common stock; representation of Morgan Stanley, as sole underwriter, in the US$545 million secondary offering/block trade of common stock by certain selling shareholders of the company; representation of Barclays and Citigroup, as joint underwriters, in the US$770 million secondary offering/block trade of common stock by certain selling shareholders of the company and the subsequent repurchase by the company of $250 million of its common stock; representation of Citigroup, as the sole underwriter, in the US$772 million secondary offering/block trade of common stock by certain selling shareholders of the company and the subsequent repurchase by the company of $250 million of its common stock. Quintiles IMS is the world's largest provider of biopharmaceutical development services and a leading worldwide integrated information and technology-enabled healthcare service provider.
Representation of Credit Suisse, who acted as sole financial advisor to Petróleos de Venezuela S.A. (PDVSA), on the exchange offers of PDVSA's 5.250% senior notes due 2017 and 8.50% senior notes due 2017 for new 8.50% senior secured notes due 2020.
Representation of Fortis Inc. (TSX: FTS), Canada's largest publicly owned distribution utility, in its US$11.3 billion acquisition, together with Singapore Sovereign Wealth Fund GIC, of ITC Holdings Corp. (NYSE: ITC), an electric transmission company operating in the Great Lakes and Great Plains regions.
In connection with financing for the acquisition, representation of Fortis Inc. on its issuance of US$2 billion notes. Goldman, Sachs & Co., MUFG, Scotiabank and Wells Fargo Securities acted as joint book-running managers and initial purchasers. The notes were offered to qualified institutional buyers in the United States pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended, and outside the United States pursuant to Regulation S.
Representation of Mizuho Securities Co. Ltd., financial advisor to SoftBank Group Corp., on SoftBank's landmark acquisition of ARM Holdings plc (LSE: ARM) for approximately £24.3 billion.
Representation of Avast Software, an industry-leading maker of security software, in the US$1.3 billion acquisition of AVG Technologies, a developer of business, mobile and PC device security software applications, by way of a public tender offer.
Representation of Hess Corporation, a leading global independent energy company engaged in the exploration and production of crude oil and natural gas, in connection with the US$1.79 billion concurrent offerings of 28.75 million shares of its common stock and 11.5 million shares of its depositary shares, each representing a 1/20th interest in a share of Hess's Series A mandatory convertible preferred stock. Goldman, Sachs & Co. acted as representative of the several underwriters for the offering and Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for both offerings.
Representation of Avangrid, Inc. (formerly Iberdrola USA, Inc.) in connection with its SEC-registered IPO of common stock through the US$2.8 billion merger of UIL Holdings Corporation into Green Merger Sub, Inc., a wholly-owned subsidiary of Avangrid.
Representation of Morgan Stanley, Deutsche Bank Securities and Credit Suisse, as joint book-running managers, and Barclays, BofA Merrill Lynch and Jefferies, as co-managers, in connection with the US$718.5 million secondary offering by SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), a leading provider of cloud-based services and software for the global financial services industry, in connection with financing for its acquisition of Advent Software, Inc. (NASDAQ:ADVS) for total acquisition consideration of approximately US$2.63 billion (including the assumption of Advent's existing debt).
Representation of Wix.com Ltd. (NASDAQ:WIX), an emerging growth company that provides a cloud-based website development and design platform, in its US$127 million IPO and listing on the NASDAQ. J.P. Morgan and BofA Merrill Lynch were joint lead book-running managers.
Representation of J.P. Morgan and Citigroup, as global coordinators and joint book-runners, in the US$409 million IPO and listing on the NYSE of American Depositary Shares of Avianca Holdings S.A. (NYSE:AVH), as well as representation of J.P. Morgan and Citigroup, as joint book-runners, in the offer and sale by Avianca of US$300 million 8.375% senior notes due 2020 and US$250 million reopening of this issuance. Avianca is a leading airline in Latin America with headquarters in Bogotá, Colombia.
Representation of Citigroup and Credit Suisse, as global coordinators and Deutsche Bank and Santander, as book-runners, in the offer and sale of US$950 million 8.375% senior secured notes due 2020 by Offshore Drilling Holding S.A., an company focused on owning and operating a fleet of state-of-the-art offshore drilling units that is controlled by Mexico's Grupo R.