Resource

 

 

 

 

 

 

 

 

 

 

 

Finance & Banking

Clifford Chance advises the banks on the issuance of EUR 8 billion of notes by Sanofi

12 Apr 2018

Clifford Chance advised BNP Paribas, Société Générale, UniCredit Bank AG, Banco Santander S.A., Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, HSBC Bank plc, ING Bank N.V., Belgium Branch, J.P. Morgan Securities plc and RBC Europe Limited on the issuance of EUR 8 billion of notes by Sanofi. The notes were admitted to trading on the Euronext Paris market on 21 March 2018.

The six series were drawn under Sanofi's Euro Medium Term Note Programme, and priced as follows:

• EUR 1 billion Floating Rate Notes due March 2020

Pillsbury Guides SoftBank through Major Strategic Investment in Lithium Company

12 Apr 2018

Across-border team of Pillsbury lawyers has advised SoftBank Group Corp. on a significant investment in Nemaska Lithium Inc., a Canadian lithium company. The private placement will provide Nemaska with gross proceeds of up to CAD $99 million in a transaction SoftBank chairman and CEO Masayoshi Son described as “of monumental importance” to its strategy. The consummation of the transaction is subject to customary closing conditions, including approval from the Toronto Stock Exchange.

Greenberg Traurig is advising BNP Paribas Group on the acquisition of the core banking business of Raiffeisen Bank Polska for PLN 3.25 billion

12 Apr 2018

WARSAW - April 10, 2018 - BNP Paribas Group and Raiffeisen Bank International have reached an agreement for the acquisition of the core banking operations of Raiffeisen Bank Polska, to be combined with the subsidiary of BNP Paribas in Poland, Bank BGZ BNP Paribas.

The transaction will be implemented through a demerger of Raiffeisen Bank Polska by spin-off of its core business to Bank BGZ BNP Paribas. The core business excludes foreign currency retail mortgage loan portfolio and a limited amount of other assets.

Clifford Chance and Yegin Ciftci advise the lenders on the financing of the largest acquisition of hydroelectric power plants in Turkey; the privatisation of Menzelet and Kilavuzlu

12 Apr 2018

Clifford Chance and Yegin Ciftci advised the lenders on a landmark project: the privatisation of Menzelet and Kilavuzlu hydroelectric power plants which is the largest acquisition to date of hydroelectric power plants by a domestic investor in Turkey. This privatisation is an important step towards the future goal of all electricity being generated by private suppliers.

Ergon Peru Secures Financing from SMBC and Cofide for Peru Solar Project

11 Apr 2018

Paul Hastings LLP, a leading global law firm, announced today that the firm represented SMBC and Cofide, as lenders in connection with the $142 million financing of an off-grid solar project in Peru developed by Ergon Peru, a subsidiary of Tozzi Green.

Energy and Infrastructure partner Robert Kartheiser led the Paul Hastings team, which also included associate Thomas Sines and foreign associate Bruna Rey, with the assistance of Milan partners Lorenzo Parola and Marc-Alexandre Courtejoie and associate trainee Federica Piemonte.

Baker McKenzie advises Credit Suisse (Switzerland) Ltd. on financing for SR Technics (Switzerland) AG

11 Apr 2018

Leading Global Law Firm Baker McKenzie advised Credit Suisse (Switzerland) Ltd. as mandated lead arranger and bookrunner, agent, security agent and original lender and a syndicate of banks on their up to USD 150 m senior secured multicurrency revolving credit financing for SR Technics Switzerland AG. The Baker McKenzie team was led by partner Lukas Glanzmann (Banking & Finance) and included associates Markus Wolf (Banking & Finance) and Andrea Bolliger (Tax).

AIM admission for SimplyBiz

11 Apr 2018

Eversheds Sutherland advises on £130m flotation

Eversheds Sutherland has advised long-standing client SimplyBiz, a business support company, on its IPO to AIM with an initial market capitalisation of £130m.

The IPO raised £30m from an institutional placing of ordinary shares at 170p and £34.6m for selling shareholders.

SimplyBiz is the UK’s leading provider of compliance and business services to directly authorised financial advisers and supports around 3,500 customers. It employs more than 200 staff and has a membership base in excess of 6,000.

ENR team advises SP Angel Corporate Finance LLP and Alternative Resource Capital on Bushveld Minerals fundraising

10 Apr 2018

In relation to a secondary fundraising for AIM-listed Bushveld Minerals Limited to raise gross proceeds of up to US$22.2 million

Our Energy and Natural Resources team has acted for SP Angel Corporate Finance LLP and Alternative Resource Capital as joint brokers on a secondary fundraising for AIM-listed Bushveld Minerals Limited to raise gross proceeds of up to US$22.2 million.

McCann FitzGerald advises Eriugena consortium on the financial close of the €220m Dublin Institute of Technology Grangegorman Campus

10 Apr 2018

We advised the Macquarie led Eriugena consortium on the financial close on the Dublin Institute of Technology’s Grangegorman Campus. The campus is one of Ireland’s largest educational campus developments financed through a public private partnership (PPP).

The buildings will provide world class facilities for DIT Colleges of Sciences and Health, Arts and Tourism and for the School of Electrical and Electronic Engineering and will allow the Institute to merge its current 39 locations across the city of Dublin together in one new state of the art campus.

MHP SE announced Eurobond closing

09 Apr 2018

The Kyiv office of Baker McKenzie acted as Ukrainian law counsel for J.P. Morgan Securities plc, ING Bank N.V. and UBS Limited as Joint Lead-Managers with respect to the issue of USD 550 million 6.95% Notes due 2026 by MHP Lux S.A.
 
MHP Lux S.A. is a member of the MHP (Myronivskyi Hliboprodukt) Group, a leading Ukrainian agricultural producer.  The proceeds of the Notes will be used to finance MHP Group's tender related to its 8.25% Notes due 2020 and for short-term debt refinancing, general corporate purposes and further expansion of the MHP Group's business.