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Finance & Banking

G+T advises IOOF on $975m acquisition of ANZ’s OnePath and Wealth Management division and associated capital raising

18 Oct 2017

Gilbert + Tobin today announced it is advising IOOF Holdings on its acquisition of ANZ’s OnePath Pensions and Investments business and Aligned Dealer Groups for $975 million and associated capital raising.

The deal will transform IOOF into the second largest advice business by both number of advisers and funds under advice. 

G+T advises IOOF on $975m acquisition of ANZ’s OnePath and Wealth Management division and associated capital raising

18 Oct 2017

Gilbert + Tobin today announced it is advising IOOF Holdings on its acquisition of ANZ’s OnePath Pensions and Investments business and Aligned Dealer Groups for $975 million and associated capital raising.

The deal will transform IOOF into the second largest advice business by both number of advisers and funds under advice. 

Hogan Lovells advises on £185 million equity fundraising by RWS Holdings plc to part-finance the US$320 million acquisition of Moravia US Holding Company Inc. and Moravia Lux Holding Company S.à r.l. (Moravia)

18 Oct 2017

Hogan Lovells London-based corporate team has advised Barclays and Numis Securities on their placing of £185 million of new equity in AIM-listed RWS Holdings plc (RWS) to institutional investors.

The Hogan Lovells team advising was led by London corporate partner Daniel Simons with assistance from partner John Basnage, and associate Elly Dennis.

The funds will be used by RWS, together with a new debt facility and existing cash balances, to acquire the entire issued share capital of Moravia for US$320 million.

Norton Rose Fulbright advises syndicate of banks on the acquisition financing for Jindal Group

18 Oct 2017

Global law firm Norton Rose Fulbright has advised a syndicate of five banks, coordinated by Rabobank, on the financing for the European business of Jindal Group.

The Jindal Group is a steel and energy conglomerate, with headquarters in India. The financing was partly used for the acquisition of Apeldoorn Flexible Packaging from Dutch private equity investor Bencis.

The firm advised the banks on the national and international aspects of the financing and worked together with colleagues in New York, Milan and Brussels.

White & Case Advises Société Générale on Sale of Stakes in Safran and Eiffage by Banque Federative du Credit Mutuel

18 Oct 2017

White & Case LLP has advised Société Générale, as sole bookrunner, on the sale by Banque Fédérative du Crédit Mutuel (BFCM) of its stakes in Safran and Eiffage.

The shares were sold via institutional private placements with qualified investors by way of an accelerated bookbuilding. Following these transactions, BFCM will no longer hold any Safran and Eiffage shares. Safran and Eiffage are listed on the regulated market of Euronext Paris.

WOLF THEISS ADVISES BANK GROUP IN THE RECAPITALIZATION OF AGIC CAPITAL AND ITS SLOVENIAN SUBSIDIARY FOTONA

17 Oct 2017

Wolf Theiss advises the bank group consisting of UniCredit, RBI, NLB and SKB BANKA in the recapitalization of AGIC and its subsidiary, Fotona (Slovenia, USA) in a re-financing. The transaction was closed on 4 October 2017.

Asia-Germany AGIC Capital is an Asian-European private equity investor focused on industrial technology companies in the European and North American mid-market which acquired Fotona, a U.S. and Slovenia based developer of high-tech laser systems and components, primarily used in medicine, aesthetics, surgery, gynecology, and dentistry.

Dentons advising the International Finance Corporation on the implementation of its Scaling Solar Program in Ethiopia

17 Oct 2017

Dentons is providing legal advice to the International Finance Corporation (IFC) on the implementation of its Scaling Solar Program in Ethiopia. The program will support the local power utility, Ethiopian Electric Power (EEP), in the tender process to choose private sector partners to deliver 250MW of solar photovoltaic projects, as one of the first public-private partnerships in the country.

Hogan Lovells advises Bankhaus Lampe and Hauck & Aufhauser on the initial public offering of Voltabox AG

16 Oct 2017

Led by Frankfurt-based partner Prof. Dr. Michael Schlitt Hogan Lovells advised Bankhaus Lampe KG and Hauck & Aufhauser Privatbankiers AG on the initial public offering of Voltabox AG, a subsidiary of paragon AG.

Voltabox is a producer of battery systems based on lithium-ion technology. The company's shares were offered in a public offering in Germany and Luxembourg as well as private placements in other countries during an offer period that began on 26 September 2017 and ended on 10 October 2017. The final issue price for the offer has been set at EUR 24.

Precedent Setting Ocean Rig Restructuring Expected to Serve as Model for Future Multinational Restructurings

16 Oct 2017

$3.7B restructuring expected to serve as a model for future multinational restructurings and workouts

Milbank, Tweed, Hadley & McCloy LLP acted as lead counsel for an ad hoc group of lenders holding approximately $3 billion of the $3.7 billion of debt restructured by Ocean Rig UDW Inc. (NASDAQ: ORIG), a leading international offshore drilling services contractor.