Niederer Kraft & Frey advises international energy company Repower on its intended rights issue to increase its capital by at least CHF 150 million. In doing so Repower reinforcing its shareholder structure with the addition of two new investors with a long-term horizon: Elektrizitätswerke des Kantons Zürich and UBS Clean Energy Infrastructure Switzerland KGK.
NautaDutilh assisted Core Laboratories N.V. with a USD 172 million equity offering which launched and closed within an unprecedented one week period. This was followed by the cross-listing of the shares issued under the offering on the New York Stock Exchange and Euronext Amsterdam. Ten days later, the deal was upsized to a total of USD 197,8 million.
International law firm Watson Farley & Williams (“WFW”) advised Swiss energy trader Axpo Group (“Axpo”) on the sale by its subsidiary Volkswind GmbH of a French wind park portfolio with a total investment volume of €120m to Germany’s CHORUS Clean Energy AG (“CHORUS”).
On 16 June 2016, Castleton Commodities International LLC (CCI), a global commodities merchant, closed the fifth amended and restated credit agreement between, among others, certain entities of CCI, as Borrowers and Guarantors, and BNP Paribas, as administrative agent and collateral agent.
Walder Wyss advised CCI on all Swiss law related aspects of the refinancing. The Walder Wyss team was led by Luc Defferrard (Partner, Banking & Finance) and Alexandre Both (Managing Associate, Banking & Finance) and included Maurus Winzap (Partner, Tax).
Istanbul, 23 June 2016 - Esin Attorney Partnership, a member firm of Baker & McKenzie International, a Swiss verein, and Baker & McKenzie's Paris office represented Gama Enerji A.S. (Gama Enerji) and its subsidiary Kremna Enerji Uretim ve Ticaret A.S.
Nabarro and Broadlaw Group partner, Lefèvre Pelletier & associés (LPA), have jointly advised La Française de L’Energie on its global IPO on the regulated market of Euronext Paris which has raised over €37.5 million before expenses. LPA advised its long-standing client on the offering in the European Union to retail and institutional investors while Nabarro advised on the US Rule 144A offering into the United States to qualified institutional buyers. On its initial listing day, the company had a €125 million market cap.
Herbert Smith Freehills has advised Origin Energy Limited (Origin) on its agreement to sell the 30MW Cullerin Range Wind Farm to EDL Holdings (Australia) Pty Limited (EDL).
Cullerin Range Wind Farm, located 35km west of Goulburn in New South Wales, commenced operations in July 2009 and comprises 15x2MW turbines. The sale of Cullerin Range Wind Farm follows a competitive sale process and is one of a series asset sales announced by Origin.
Golar LNG Limited has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm Stonepeak Infrastructure Partners.
The joint venture company, Golar Power Ltd, will offer integrated LNG based downstream solutions, through the ownership and operation of floating storage and regasification units and associated terminal and power generation infrastructure.
We advised Neste in a business process transformation programme under which Neste implements new business processes and procures a new ERP solution from SAP to support the new processes. In addition to a software license agreement with SAP, Neste entered into a systems integration agreement with IBM, with the latter acting as the main implementation partner.
Shearman & Sterling advised PT Cikarang Listrindo Tbk, an Indonesian power plant, on its approximately US$275 million initial public offering on the Indonesia Stock Exchange, marking the first power plant to go public in the Indonesian market.
Citigroup, Deutsche Bank and UBS acted as the international underwriters. PT Indo Premier Securities, PT Citigroup Securities Indonesia, PT Deutsche Securities Indonesia, and PT UBS Securities Indonesia acted as the domestic underwriters.