Palo Alto – February 1, 2018 – Cooley advised Clearlake Capital on its recent acquisitions of leading software solutions companies Perforce Software and ProVation Medical. Cooley partner Mehdi Khodadad led the teams advising Clearlake on the transactions.
Simpson Thacher represented the underwriters, acting as sole international counsel, in the offering of US$300 million 3.5% Notes due 2023 by Hankook Tire Co., Ltd. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.
Hankook Tire Co., Ltd. is the largest tire manufacturer in Korea with global operations. Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and J.P. Morgan Securities plc were joint bookrunners for the offering.
Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $2.75 billion aggregate principal amount of its senior notes in three tranches due 2023 (floating rate), 2023 and 2028 (fixed rate). SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.
Shearman & Sterling advised a consortium of banks led by Landesbank Baden-Württemberg and Bayerische Landesbank on a financing transaction for Hirschvogel Automotive Group. The credit facility has a volume of €400 million.
Cravath represented the European Investment Bank in connection with its $5 billion registered notes offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on January 17, 2018.
Davis Polk advised the representatives of the several underwriters, in an SEC-registered offering by Ensco plc of $1 billion aggregate principal amount of its 7.75% senior notes due 2026.
Davis Polk also advised the dealer managers in connection with Ensco’s concurrent cash tender offer for its outstanding 8.50% senior notes due 2019, 6.875% senior notes due 2020 and 4.70% senior notes due 2021. The tender offer was funded with the proceeds of the notes offering.
Bank of Gansu is the only provincial city commercial bank in Gansu province, a region that occupies a key position in Northwest China.
Latham & Watkins has advised Bank of Gansu Co., Ltd. (Bank of Gansu) on its approximate HK$6 billion initial public offering on the Main Board of The Stock Exchange of Hong Kong Limited.
Allen & Overy LLP has advised three banking syndicates in connection with the successful issue of two benchmark bonds and one foreign currency bond with a total nominal amount of over EUR 2.8 billion by Deutsche Bank Aktiengesellschaft.
Allen & Overy LLP has advised Commerzbank Aktiengesellschaft in connection with the financing for the Buissons wind farm in France. The wind farm consists of 7 Vestas, V117-3.45 turbines and has a total capacity of 24.15 megawatt. The project developer and operator of the wind farm is Volkswind GmbH, a member of the Swiss AXPO group, which is one of the leading project developers in Germany and abroad.
Allen & Overy LLP has advised Landesbank Baden-Württemberg (technical lead), Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Erste Group Bank AG as joint lead managers on all German law issues relating to the successful issue of a fixed-rate mortgage Pfandbrief with a total nominal amount of EUR 1 billion by Erste Group Bank AG.