Clifford Chance has advised a banking consortium on restructuring the financing it provides to the industrial gas manufacturer Messer Group GmbH. The consortium comprised the mandated lead arrangers Unicredit Bank AG, Bayerische Landesbank, ING Bank, a branch office of ING-DIBA AG and Landesbank Hessen-Thuringen Girozentrale.
Leading global law firm Baker McKenzie has advised Fundamenta on the establishment and launch of a new investment foundation.
The Fundamenta Group Investment Foundation has received approval from the relevant supervisory authority (Occupational Pension Supervisory Commission OPSC) and plans to raise capital in the second quarter of 2019. With the launch of the investment foundation, its investment group "Swiss Real Estate" will invest in a sustainable mixed real estate portfolio with residential properties, commercial properties and development projects.
Client name
TAF B.V.
Other parties involved
Parcom , Cantera Beheer B.V., For Sure Accounting B.V., Intex Consulting B.V.
Nature of transaction
Clifford Chance Amsterdam has advised MarketAxess in the establishment of its EU hub in Amsterdam. MarketAxess has now received all regulatory approvals from the Dutch regulators to operate its Amsterdam based Multilateral Trading Facility and Data Reporting Service Provider. MarketAxess will provide its services to EU clients out of Amsterdam - which include its unique Open Trading all-to-all trading platform, which will give clients easy access to a broad pool of cross-border liquidity post-Brexit.
Shearman & Sterling advised Citibank Europe’s, UK Branch, as administrative agent, on a €200 million multicurrency revolving credit facility for Avon International Capital.
Avon International Capital, a subsidiary of Avon Products headquartered in London, United Kingdom, manufactures and markets beauty and related products around the globe.
The Shearman & Sterling team below was supported by associates Spencer Barrowes and Raphael Tulkens.
The Team
JONATHAN (JD) DESANTIS
PETER HAYES
ANKITA SETHIA
MOHAMED EL-SAYED
Herbert Smith Freehills has advised the Joint Lead Managers of Macquarie Group Limited’s (MGL) offer of Macquarie Group Capital Notes 4 (MCN4).
MCN4, which will qualify as Eligible Capital for Australian Prudential Regulation Authority purposes, are fully paid, unsecured, subordinated, non-cumulative, convertible, perpetual notes issued by MGL. They are being offered at an issue price of A$100 per MCN4.
On 28 February 2019, Steiermarkische Sparkasse und Bank AG signed a share purchase agreement with Societe Generale in order to acquire all its shares in Republic of Northern Macedonia-listed Ohridska Banka Societe Generale (OBSG), amounting to approximately 74.53 % of OBSG's share capital. This transaction significantly strengthens Steiermarkische Sparkasse's existing market position in Northern Macedonia. The buyer was advised by the international law firm CMS.
CMS has assisted OTP Bank Group (OTP) on the next step of its strategic expansion in Southeast Europe by advising on the acquisition of 90.56% of Societe Generale (SG) Group's Montenegrin unit. With a market share of 11.5%, Societe Generale Banka Montenegro is the fourth largest bank in Montenegro. The transaction is expected to close in the coming months pending regulatory and merger clearance approvals.
So far, CMS has advised on the acquisition of SG's Bulgarian, Albanian, Croatian, Serbian and Moldovan subsidiaries, with a collective transaction value of over EU1.2bn.
KNT Holdings Limited (HKEX: 1025) (KNT Holdings) was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited. Sidley was the Hong Kong legal counsel to Innovax Capital Limited as sole sponsor and Innovax Securities Limited, Pacific Foundation Securities Limited, Quasar Securities Co., Limited, Guotai Junan Securities (Hong Kong) Limited, Central China International Capital Limited, ChaoShang Securities Limited, Fruit Tree Securities Limited, Merdeka Capital Limited and SSIF Securities Limited as underwriters in this transaction.
Global law firm White & Case LLP has advised the Saudi Real Estate Refinance Company (SRC) on the establishment of its inaugural domestic SAR 11 billion Sukuk Issuance Programme, and the issuance thereunder of SAR 750 million across four Series.
"Advising on this important transaction reinforces the strength of our practice and presence in Saudi Arabia and the Middle East, and our significant Islamic finance capabilities," said White & Case partner Debashis Dey, who co-led the Firm's deal team.