Shearman & Sterling represented BNP Paribas, HSBC, Crédit Agricole, ING, Société Générale and UniCredit as initial purchasers on CMA CGM’s €500 million offering of senior notes. The notes pay interest at a rate of 5.250% due 2025
The net proceeds of the offering, which closed on October 24, 2017, will be used to reimburse $500 million of CMA CGM’s group’s secured indebtedness.
Ashurst has acted as the legal adviser to the Consortium which has acquired the Real Pet Food Company Group (RPFC), from Quadrant Private Equity and other minority shareholders, in a deal worth A$1 billion.
RPFC is the largest independent pet food manufacturer in Australia and is among the 20 largest pet food manufacturers globally.
The acquisition consortium was led by Hosen Capital, a leading private equity firm based in Beijing, together with China’s largest private agribusiness enterprise New Hope Group, and the Singapore investment company, Temasek.
Leading global law firm Herbert Smith Freehills has advised a five-bank syndicate on the US$1.75 billion IPO on the Bombay Stock Exchange and Rule 144A/Regulation S global offering of General Insurance Corporation (GIC), India's largest re-insurer.
This was the largest Indian IPO in seven years since Coal India in 2010, and the third largest IPO in the history of the Indian capital markets.
The bank syndicate was led by Citigroup, and also comprised Deutsche Bank, HSBC, Axis Capital and Kotak.
Herbert Smith Freehills has advised National Australia Bank Limited and Westpac Banking Corporation on the project financing for Emerald Solar Park in Central Queensland. RES Australia has been developing the 68MW solar farm, comprising approximately 275,000 solar panels.
Emerald Solar Park - which has been acquired by Lighthouse Infrastructure’s Solar Fund - is underpinned by a long term power purchase agreement with Telstra as offtaker. Reaching financial close marks the first banked transaction in Australia with a corporate PPA from Telstra.
Davis Polk advised the representatives of the underwriters on the initial public offering by RISE Education Cayman Ltd and certain selling shareholders of 12,650,000 American Depositary Shares, each representing two ordinary share of RISE, for total proceeds of $171 million, reflecting full exercise of the option granted by one selling shareholder to purchase up to an additional 1,650,000 ADSs. The ADSs are listed on NASDAQ under the symbol “REDU.”
Davis Polk advised the underwriters in connection with a $300 million Regulation S senior perpetual capital securities offering by CIFI Holdings (Group) Co. Ltd.
Established in 2000 and headquartered in Shanghai, CIFI Holdings (Group) Co. Ltd. is engaged in the property development and property investment business in China.
Davis Polk advised Banco Santander, S.A. in connection with its SEC-registered offering of $1 billion aggregate principal amount of 3.125% senior non-preferred fixed-rate notes due 2023, $1 billion aggregate principal amount of 3.800% senior non-preferred fixed-rate notes due 2028 and $500 million aggregate principal amount of senior non-preferred floating-rate notes due 2023.
Shearman & Sterling is advising Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, on its acquisition of a 4.7% stake in Euroclear from The Royal Bank of Scotland Group for €275 million.
Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets.
Global law firm White & Case LLP has advised Carnegie Investment Bank AB, Nordea Bank AB and Pareto Securities AS, as Joint Bookrunners, on the issuance by Ovako AB of €310 million 5% senior secured notes due 2022.
Loyens & Loeff advised European Investment Bank on a EUR 100 million loan to finance construction of the new Amphia Hospital in Breda. Amphia is one of the most advanced clinical hospitals in the Netherlands and the new hospital will strengthen healthcare for the North Brabant province. This is the first Dutch hospital to be financed by the EIB under the Investment (“Juncker”) Plan for Europe. The EIB is providing a low-interest rate and 27 year long-term loan. Construction of the new Amphia Hospital is one of the most significant capital investments in the country.