Leading global law firm Herbert Smith Freehills has advised China Everbright Bank on its issue and private placement of 5.8 billion new H shares on the Hong Kong Stock Exchange.

The placement was made to China Everbright Group Limited and Overseas Chinese Town Enterprises Company, and completed on 22 December after Chinese regulatory approval was received. It injects close to US$4 billion into the bank, a Hong Kong and Shanghai listed company and one of the largest commercial banks in China.

Global law firm Norton Rose Fulbright has advised the lenders for the construction, operation and maintenance of the new police headquarters Southeast Hesse in the city of Offenbach.

The headquarters will have capacity for 800 policemen and women and is structured as a public-private partnership (PPP). The state of Hesse and a project company held by Goldbeck Public Partner GmbH and Amber Infrastructure GmbH signed the contracts on 7 December.

Slaughter and May advised Bunzl Finance plc on its debut issuance of £300,000,000 2.250 per cent. Notes due 2025 (the “Notes”). The Notes are guaranteed by Bunzl plc and are listed on the London Stock Exchange.
Banco Santander, S.A., BNP Paribas, Lloyds Bank plc and Merrill Lynch International acted as Joint Lead Managers.

Contacts

Philip Snell (partner), Oliver Storey (partner), Louis de Ste Croix (associate), Tsjatsja Westerveld (associate), Richard Lismore-John (associate)

Freshfields Bruckhaus Deringer (“Freshfields”) has advised China International Capital Corporation Hong Kong Securities Limited, the lead financial advisor and lead placing agent in the strategic placement of US$3.97 billion of H-shares by China Everbright Bank Company Limited (‘China Everbright Bank’) to Overseas Chinese Town Enterprises Company and China Everbright Group Limited.

The deal closed on 22 December 2017. The shares are listed on the Hong Kong Stock Exchange.

Global law firm Norton Rose Fulbright has advised the lenders, including Crédit Agricole, Société Générale, BNP Paribas, UBI, Siemens Bank and ING Bank, on a €280m limited recourse refinancing of a 106 MW Italian solar portfolio owned by Cubico Sustainable Investments (Cubico), one of the world’s leaders in providing renewable energy across the Americas and Europe. The portfolio comprises Italy’s second largest solar park by energy generating capacity, a 43 MW park located in Cellino San Marco, in the province of Brindisi (Apulia Region).

Simpson Thacher recently represented ARUHI Corporation in connection with its ¥23.5 billion (approximately US$210 million) global offering of shares, including an offering to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act. All of the shares in the international offering were sold by a fund affiliated with The Carlyle Group.

15 December, China Securities Regulatory Commission (the “CSRC”) approved the non-public issuance of H Shares in Hong Kong by the China Everbright Bank Company Limited (“CEB Bank”, 06818.HK) . In this transaction, CEB Bank issued no more than a total of 5.81 billion H-shares of common stock, with a par value of RMB 1. The issue price is HKD 5.3283 per share, representing a 48% premium to the closing price on the announcement date.

Orrick advised U.S. impact finance company FINCA Impact Finance in the divestiture of its microfinance operations in Russia – the second largest in the country – to Luxembourg-based Mikro Kapital. The transaction involved restructuring third-party financing from the European Bank for Reconstruction and Development, the MEF and the responsAbility Fund.

Transaction solidifies Firm's leading position as international legal advisor for 4G financings.

Clifford Chance advised Goldman Sachs and a group of Colombian lenders on the approximately US$708 million (debt and equity) multisource financing for the construction of the 4G ("Fourth Generation") Antioquia-Bolívar highway in Colombia, also known as Ruta al Mar. This transaction is the seventh 4G project financing handled by the Firm out of eight that have obtained international financing.

Debevoise Advises Deutsche Bank as Financial Advisor to Mallinckrodt in the $1.2 Billion Acquisition of Sucampo Pharmaceuticals

Debevoise & Plimpton LLP is advising Deutsche Bank as financial advisor to Mallinckrodt plc in the $1.2 billion acquisition of Sucampo Pharmaceuticals, Inc.

The Debevoise team is led by partner Andrew L. Bab and includes associates Giselle Alvarado and Claire Hansen Suni.