Global law firm White & Case LLP has advised Deutsche Bank Luxembourg, as agent, on the amendment and extension of the existing secured credit facility for Heidelberger Druckmaschinen AG, the Germany-based world market leader for offset printing presses and specialist in printing products and services.
Latham & Watkins represented the underwriters of Bilibili Inc. and GreenTree Hospitality Group Ltd.’s IPOs, amid an active showing of Chinese issuers listing in the US in the first half of 2018.
King & Wood Mallesons (KWM) has advised affiliates of Värde Partners (as outgoing senior lender and incoming equity holder), Deutsche Bank AG (as incoming senior lender) and AMAL Management Services (as outgoing facility agent and security trustee), on the A$1.2 billion restructure, recapitalisation and refinancing of the Bis Industries group, an Australia-based materials handling and resource logistics provider.
Davis Polk advised the representatives of the underwriters on the SEC-registered initial public offering by iQIYI, Inc. of 125,000,000 American Depositary Shares, each representing seven Class A ordinary shares, for total proceeds of $2.25 billion. iQIYI has granted the underwriters an option to purchase up to an additional 18,750,000 ADSs. The ADSs are listed on NASDAQ under the symbol “IQ.”
Global law firm White & Case LLP has advised a syndicate of 14 international financiers on the AUD$862 million refinancing of the Worsley Co-Generation Power Station in Western Australia.
Simpson Thacher is representing Ant Financial Services Group (“Ant Financial”) in its proposed acquisition of a 45% equity stake in Telenor Microfinance Bank Limited (“TMB”) for US$184.5 million. Currently a wholly owned subsidiary of Telenor ASA, a Norwegian-listed company which operates telecommunications and other businesses internationally, TMB offers the largest branchless banking service in Pakistan, in terms of agent network, active accounts and transaction value, under the “Easypaisa” brand.
Davis Polk advised the representatives of the underwriters on the SEC-registered initial public offering by iQIYI, Inc. of 125,000,000 American Depositary Shares, each representing seven Class A ordinary shares, for total proceeds of $2.25 billion. iQIYI has granted the underwriters an option to purchase up to an additional 18,750,000 ADSs. The ADSs are listed on NASDAQ under the symbol “IQ.”
Watson Farley & Williams (“WFW”) has advised Norddeutsche Landesbank Girozentrale and NORD/LB Luxembourg S.A. Covered Bond Bank on the financing of the acquisition of Albrecht & Dill Cosmetics GmbH (“A&D”) by German Equity Partners IV, a fund managed by the private equity firm ECM Equity Capital Management. The financing, which included a working capital facility, closed on 28 February 2018.
Willkie represented the underwriters in Arch Capital Group’s secondary public offering of 5,674,200 common shares.
Arch Capital Group Ltd. (NASDAQ: ACGL) recently announced that an underwritten public secondary offering of 5,674,200 common shares by certain selling shareholders affiliated with American International Group, Inc. has closed. The public offering price is $88.55 per common share for an aggregate public offering price of $502,450,410. Willkie represented the underwriters in the transaction.
Leading international law firm Clifford Chance advised Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, JM Financial Limited, and J.P. Morgan India Private Limited on the international law aspects of Bandhan Bank Limited's US$687 million ([?]44,730.19 million) initial public offering on the Bombay Stock Exchange and the National Stock Exchange of India Limited.