Baker McKenzie acted as Australian and U.S. legal counsel to RBC Capital Markets and Morgans Corporate Limited, as joint lead managers of a fully underwritten A$50 million institutional placement by Megaport Limited and a secondary sell-down by Mr Bevan Slattery, Chairman of Megaport Limited.
CMS has advised its longstanding client ING Bank N.V. (ING) on yet another financing to the Ukrainian agribusiness sector. ING, as a mandated lead arranger and bookrunner, arranged an $80 million pre-export finance facility to Vioil – one of the largest producers of vegetable oils in Ukraine. The syndicated facility was channeled to Ukrainian exporters to further fund the working capital needs of Vioil group, including to refinance the existing facilities.
Ashurst has advised UBS AG, Australia Branch (UBS) and Veritas Securities Limited (Veritas) as Underwriters on Freedom Foods Group Limited's (Freedom Foods) A$200 million equity raising.
Wolf Theiss has advised the Polish state-owned company Towarzystwo Finansowe "Silesia" sp. z o.o. on the acquisition of the majority stake in Fabryka Kotlow SEFAKO S.A., a leading Polish manufacturer of boilers for the power industry.
Ashurst has advised UBS AG, Australia Branch (UBS) and Veritas Securities Limited (Veritas) as Underwriters on Freedom Foods Group Limited's (Freedom Foods) A$200 million equity raising.
Our New York, Paris, London, and Amsterdam offices represented The Bank of New York Mellon in connection with the restructuring of international geosciences services provider CGG, one of the largest French restructurings ever.
Osborne Clarke has advised N26 GmbH, on the closing of its series C $160 million financing round. The financing round was co-led by Allianz X, the digital investment unit of Allianz Group, and Tencent Holdings Ltd., a leading provider of internet value-added services in China.
The funding represents the largest equity financing round (non IPO) in the fintech industry in Germany to date and one of the largest in Europe. The funding will be used toward N26’s overall growth strategy and international expansion, particularly into the US and UK.
King & Wood Mallesons (KWM) has advised DBS on its first Tier 2 capital offer denominated in Australian dollars, with the Singapore-based bank offering A$750 million of subordinated notes due 2028.
The issue is under the bank’s global medium-term notes program valued at US$30bn, with to be used for the finance and treasury activities of DBS - including the provision of intercompany loans, or other forms of financing to DBS Bank and its subsidiaries.
The KWM team was led by Partner Philip Harvey, supported by Senior Associate Angela Chung.
Paul, Weiss client Arrow Global Group PLC, a data-driven debt purchase and receivables management company, raised €285,000,000 through the issuance of senior secured floating rate notes due 2026 and £100.0 million through the tap of its existing 5.125% senior secured notes due 2024. This offering represented the sixth time the company has accessed the capital markets since its formation in 2005.
The team representing Arrow Global included Mark Bergman, with U.S. tax advice provided by David Mayo.
Orrick's Paris restructuring team advised DNCA, one of the largest shareholders and bondholders of CGG SA, a French-listed company, in its $2.7 billion restructuring.
We advised DNCA in connection with the debt restructuring and the set-up of the new governance of French geoscience company CGG, listed on Euronext Paris. This transaction has been one of the largest restructurings in Europe and France since Eurotunnel.