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Finance & Banking

DLA Piper advising FirstRand on £1.1 billion takeover of Aldermore Group PLC

14 Nov 2017

DLA Piper is acting for FirstRand, South Africa’s largest financial services institution, who have put forward a £1.1 billion recommended offer for approval by the shareholders of Aldermore Group PLC, ("Aldermore") a British specialist lender and savings bank.

Aldermore was founded in the UK in 2009 and provides  award-winning asset finance, invoice finance, mortgage and deposit products to small and medium-sized enterprises (SMEs), homeowners, landlords and savers.  It has over 230,000 clients and approximately 1000 employees.

White & Case Advises on Europcar’s Simultaneous Dual High Yield Notes Offering

13 Nov 2017

White & Case LLP has advised Deutsche Bank, Crédit Agricole CIB and Bank of America Merrill Lynch, as Global Coordinators and Joint Bookrunners, on the offering of €600 million 4.125% Senior Notes due 2024 by Europcar Drive D.A.C, and BNP Paribas and HSBC, as Global Coordinators and Joint Bookrunners, on the offering of €350 million 2.375% Senior Secured Notes due 2022 by EC Finance plc.

Slaughter and May, in conjunction with Cleary Gottlieb Steen & Hamilton LLP, advised Santander in relation to the issue of US$2.5 billion notes

13 Nov 2017

Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Santander UK plc in relation to the issue of US$1.5 billion notes under its SEC registered US shelf facility and Santander UK Group Holdings plc in relation to the issue of US$1.0 billion notes under its SEC registered US shelf facility.

Milbank Advises on Tender Offer and New Issuance by the Government of Mongolia

10 Nov 2017

Milbank, Tweed, Hadley & McCloy LLP represented Credit Suisse, Deutsche Bank and J.P. Morgan as joint dealer managers in connection with the tender offer for any and all of the Government of Mongolia’s 4.125% Notes due 2018 and CNY 1 billion 7.50% Notes due 2018, and as joint lead managers in connection with a new issuance of US$800 million 5.625% Notes due 2023. The new issuance was originally expected to raise US$650 million but was upsized due to extremely strong demand.

CMS advises GE and Macquarie Group on landmark Nordic onshore wind project

10 Nov 2017

International law firm CMS has advised GE Energy Financial Services (“GE”) and Green Investment Group Limited, part of Macquarie Group (“Macquarie”), as joint sponsors on the acquisition and project financing of 650MW of onshore wind through the Markbygden ETT wind farm in Northern Sweden. The project, acquired from developer Svevind AB, will be the largest single site onshore wind farm in Europe, and is expected to increase Sweden’s installed wind generation by more than 12.5 per cent.

White & Case Advises on Europcar’s Simultaneous Dual High Yield Notes Offering

09 Nov 2017

Global law firm White & Case LLP has advised Deutsche Bank, Crédit Agricole CIB and Bank of America Merrill Lynch, as Global Coordinators and Joint Bookrunners, on the offering of €600 million 4.125% Senior Notes due 2024 by Europcar Drive D.A.C, and BNP Paribas and HSBC, as Global Coordinators and Joint Bookrunners, on the offering of €350 million 2.375% Senior Secured Notes due 2022 by EC Finance plc.

Allen & Overy advises on Vincom Retail's landmark Ho Chi Minh Stock Exchange listing and equity offering, paving the way for shorter settlement timetables in Vietnam

09 Nov 2017

Allen & Overy has advised on the ground-breaking listing and equity offering of Vincom Retail’s shares on the Ho Chi Minh Stock Exchange (HOSE), using a new offer structure that dramatically shortens settlement timetables compared to previous offerings in Vietnam. 

Norton Rose Fulbright advises IFC-led consortium on $653 million financing of 13 solar power projects in Egypt

09 Nov 2017

Norton Rose Fulbright has advised a consortium of lenders, led by International Finance Corporation (IFC), on the US$ 653 million financing of 13 solar power projects in Egypt. The projects are being developed by six separate Sponsor groups as part of Round 2 of Egypt’s Feed-in-Tariff Financing programme and will form part of the Benban Solar Park, which, once complete, will be the largest solar installation in the world.

Addleshaw Goddard advises on over £1 billion of public bonds in the social housing sector in the last month

08 Nov 2017

Addleshaw Goddard has advised the joint bookrunners and trustees on four capital markets issuances by housing associations within the last month, raising over £1bn in aggregate for the sector.

The Debt Capital Markets team, which sits in AG's wider pre-eminent Housing Finance team, advised on the £400 million issue by Notting Hill Housing Trust, the £280 million issue by the WM Housing group, the £250 million by Catalyst Housing Limited and the £250 million by Housing & Care 21.