CMS has advised long-standing key client OTP Bank Group (OTP) on the acquisition of 87.85% of Mobiasbanca, currently part of the French Societe Generale (SG) group. Mobiasbanca is the fourth largest bank in Moldova with a market share of 13.3%. The transaction is expected to close in the coming months pending all necessary regulatory and merger clearance approvals.
Global law firm White & Case LLP has advised BNP Paribas and UniCredit Bank AG on the financing of the acquisition of American Dehydrated Foods LLC, International Dehydrated Foods LLC and IsoNova Technologies LLC (ADF/IDF) by Symrise AG (Symrise).
Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50 million.
The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.
Travers Smith LLP has acted for Peel Hunt and Investec Bank in their capacity as joint bookrunners on the c.£160m placing of new ordinary shares issued by GB Group plc (GBG).
The proceeds of the placing are to be used to part fund the proposed acquisition of IDololgy, Inc. announced by GBG on 11 February 2019.
Corporate partner Richard Spedding led the Travers Smith team, assisted by corporate senior associate Lucy Stephenson.
Allen & Overy advised State Bank of India on its USD1.25 billion dual tranche Regulation S/Rule 144A senior notes issuance, which included USD400 million of 4.00% notes due 2022 and USD850 million of 4.375% notes due 2024.
This was the first Rule 144A bond offering by an Indian issuer in 2019, and State Bank of India’s return to the U.S. capital markets since its record-setting qualified institutional placement in 2017. State Bank of India is India’s largest bank, with over 22,300 branches, over 420 million customers and over USD500 million of assets.
Irwin Mitchell’s Banking Team Advises On The Deal
Arbuthnot Commercial Asset Based Lending has completed a £12m refinancing for I&C Limited, trading under Red 7 Marine (R7M).
R7M is the leading provider of nearshore access solutions to the UK marine construction and maintenance industry, and an investee company of Perwyn Private Equity.
This multi-million pound facility will better position R7M to take advantage of future growth opportunities while freeing up Perwyn’s capital in the near term.
The Paris Private Equity team advised Experienced Capital on its 34% equity stake in the capital of NV Gallery, a 100% digital player in the home furnishings and accessories market.
Stuttgart – MDAX-listed Aareal Bank AG has acquired plusForta GmbH, the market-leading online intermediary for rent deposit guarantees. The transaction has already been successfully completed. The parties agreed not to disclose the purchase price.
A CMS team headed by lead partner Dr Claus-Peter Fabian advised Aareal Bank on all legal aspects of the transaction. The bank has also repeatedly relied on the expertise of CMS in the past.
Trowers advises The Housing Finance Corporation Limited on £83 million bond
Top 40 law firm Trowers & Hamlins were delighted to act for The Housing Finance Corporation Limited (THFC) on a new bond tap of £83 million and subsequent on-lending to 3 housing associations.
This new £83 million tap took the bond issue over £1 billion. Trowers & Hamlins is proud to say that it has been the sole legal advisor to THFC on all £1billion of financing.
Partner Naomi Roper, who led the Trowers team on the deal said:
Milbank, Tweed, Hadley & McCloy LLP has advised Goldman Sachs International and BNP Paribas as initial purchasers in connection with Parts Europe S.A.’s (formerly Autodis S.A.) offering of €175 million Senior Secured Floating Rate Notes due 2022. The net proceeds of the bond offering were, or will be, used to fund the redemption of €72 million in aggregate principal amount of Parts Europe’s Senior Secured Floating Rate Notes due 2022, to repay all amounts drawn under Parts Europe’s revolving credit facility, and for general corporate purposes.