S&C, Kirkland advise on watch deal
Sullivan & Cromwell LLP advised Australia-based Billabong International Ltd. on its joint venture with New York private equity fund Trilantic Capital Partners. Billabong will sell 48.5 percent of its Nixon watch business to the private equity fund, bringing in net proceeds of $285 million. Billabong will use the cash to pay down debt. Los Angeles partner Eric M. Krauth...
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