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Finance & Banking

Baker McKenzie acts as transaction counsel for Mediobanca in the Swiss francs bond issuance

13 Mar 2018

Baker McKenzie, with a team led by counsel Eugenio Muschio and with the coordination of partner Pietro Bernasconi, acted as transaction counsel and the only law firm involved in relation to issuance by Mediobanca International (Luxembourg) S.A of CHF 150 million senior preferred bond with maturity on 2 March 2023, under the EMTN Programme.

The bond has issued for the listing on the SIX Swiss Exchange and is guaranteed by Mediobanca - Banca di Credito Finanziario S.p.A.. The dealers of the issuance were Credit Suisse AG and Commerzbank.

Clifford Chance advises bank syndicate on UBM €100 million hybrid bond issuance

13 Mar 2018

Clifford Chance advised a syndicate of international banks in connection with the EUR 100 million hybrid bond issuance of UBM Development Aktiengesellschaft.

UBM is a leading hotel developer in Europe and headquartered in Vienna, Austria. The bonds consist of Undated Resettable Fixed Rate Subordinated Notes with a first call date in March 2023. The notes are listed on the Official Market of the Vienna Stock Exchange.

Dechert Advises Bryan Garnier & Co Ltd, RBC Europe Limited on Biom’Up Public Offering

12 Mar 2018

Dechert LLP assisted Bryan Garnier & Co Ltd, as global coordinator, joint lead-manager and bookrunner, and RBC Europe Limited, as joint lead-manager and bookrunner, in relation to the €16 million public offering of Biom’Up. Biom’Up is a French company that specializes in surgical hemostasis. Its flagship product aims at simplifying surgical procedures in numerous specialties.

Commerzbank‘s Financing of Huber Packaging

12 Mar 2018

Shearman & Sterling advised Commerzbank as arranger on the refinancing of Huber Packaging Group. The new financing will ensure long-term financial flexibility and enable further expansion opportunities.

Huber Packaging is a fifth generation family-owned company headquartered in Öhringen, Germany. The company is a leading manufacturer of metal tinplate and plastic-blown packaging in Europe. With over 1,000 employees in eight production sites and seven countries, Huber generated €200 million of revenue in 2017.

The Team

White & Case Advises European Investment Bank on Strategic Financing for ORES

12 Mar 2018

Global law firm White & Case LLP has advised the European Investment Bank (EIB) on a strategic €550 million financing to ORES, one of Belgium's main gas and electricity distribution networks operators.

The financing will be used to make the network greener and more efficient. Brussels-based White & Case local partner Hadrien Servais, who co-led the Firm's deal team said: "White & Case has been advising the EIB on important transactions of this nature for a number of years, and this deal is another demonstration of the strength of our relationship."

Eversheds Sutherland advises Mediobanca on its strategic partnership with Geneva-based asset manager RAM Active Investments

12 Mar 2018

Eversheds Sutherland has advised leading Italian merchant bank, Mediobanca S.p.A., in connection with its long-term strategic partnership with RAM Active Investments SA (RAM AI).

Mediobanca has acquired a 69% stake in RAM Active Investments.

Mediobanca is a leading investment bank in Italy and a major player in asset management and retail and private banking.

Simpson Thacher Represents Underwriters in Offering of an Aggregate of $3.5 Billion of Senior Notes by Mitsubishi UFJ Financial Group

09 Mar 2018

Simpson Thacher recently represented the underwriters, for which Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. acted as representatives, in connection with the offering by Mitsubishi UFJ Financial Group, Inc. of $750 million of Floating Rate Senior Notes due 2023, $1.5 billion of 3.455% Senior Notes due 2023, $750 million of 3.777% Senior Notes due 2025 and $500 million of 3.961% Senior Notes due 2028. The offering was made pursuant to MUFG’s shelf registration statement on Form F-3 under the Securities Act.

Clifford Chance advises BBVA on investment in Atom Bank's GBP 149m capital raising

09 Mar 2018

Clifford Chance advised Spanish Bank BBVA on its GBP 85.4 million investment in Britain's Atom Bank. The investment, which is subject to shareholder and regulatory approval, is part of a GBP 149 million capital raise undertaken by Atom Bank. Once complete, BBVA's stake in the mobile-focused challenger bank will increase to around 39%.

This investment follows two previous rounds of funding by BBVA in Atom which Clifford Chance also advised on. Further information is available in BBVA's announcement.

Credit Agricole and Societe Generale completes EU200 million convertible bond issue by Econocom Group

08 Mar 2018

Jones Day advised Credit Agricole Corporate and Investment Bank and Societe Generale Corporate & Investment Banking, as joint lead managers and joint bookrunners, in connection with the issuance and placement of EU200 million of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) by Econocom Group SE, a digital services company listed on Euronext Brussels. The Bonds are listed on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.