Shearman & Sterling advised the joint global coordinators and joint bookrunners, led by Carnegie, Morgan Stanley and SEB, on the initial public offering and Nasdaq Helsinki listing of Terveystalo Oyj.  The transaction, which closed on October 13, 2017, is the largest initial public offering in Finland since 1998, the largest ever private equity exit in Finland and the largest IPO in the Nordics so far this year. 

Clifford Chance acted as international counsel for a group of lenders in connection with the US$600 million restructuring of Paranapanema S.A. ("PMA") – the largest independent producer of primary copper in Brazil.

The total restructuring comprised 84 percent of PMA's prior outstanding debt across a group of 11 lenders, including Cargill, SMBC, ING, Scotiabank, Bradesco and Banco do Brasil.

Shearman & Sterling represented Barclays, Deutsche Bank, HSBC, Goldman Sachs, Jefferies and Lloyds Bank as initial purchasers on Miller Homes Group Holdings plc’s £425 million high yield bond offering. The bond consisted of £250 million 5.50% senior secured fixed-rate notes due 2024 and £175 million senior secured floating-rate notes due 2023. 

Simmons & Simmons advises GoCompare on investment in Souqalmal.com

GoCompare.com Group, which operates a leading UK price comparison website www.GoCompare.com, has agreed to acquire a minority stake in Dubai-based FinTech company Souqalmal.com (Souqalmal), the leading digital comparison business in the Middle East.

Watson Farley & Williams (“WFW”) advised Credit Agricole Corporate and Investment Bank (“CA-CIB”) and KfW- IPEX Bank GmbH (“KfW”) as Mandated Lead Arrangers and Lenders on the export credit agency backed US$191.8m post-delivery financing to a subsidiary of BW Gas, in relation to BW Gas’ second FSRU, BW Integrity.

Cleary Gottlieb served as transaction counsel in an offering of $200 million zero coupon notes due 2047 by The Export-Import Bank of Korea (KEXIM) under its $25 billion global medium-term note program.

E.Sun Commercial Bank, Ltd. and Fubon Securities Co., Ltd. served as joint lead managers and Morgan Stanley acted as structuring agent for the offering, which priced on September 19, 2017, and closed on October 11, 2017. The notes were listed on the Taipei Exchange.

Global law firm White & Case LLP has advised J.P. Morgan Securities plc, as Sole Global Coordinator and Bookrunner, on the issuance of £1.5 billion 3.875 percent Secured Limited Recourse Mandatorily Exchangeable Bonds due 2020 by Volcan Holdings II plc.

Earlier in the year, White & Case advised J.P. Morgan on the inaugural 'POEMS' transaction, a first-of-its-kind innovative £2 billion financing that used a mandatory exchangeable bond issued by Volcan Holdings plc to finance an initial share purchase of 11.44 percent of Anglo American plc.

Davis Polk advised the dealers and joint lead managers in connection with the update by the Emirate of Abu Dhabi of its global medium-term note program and a Rule 144A/Regulation S offering of $3 billion aggregate principal amount of 2.500% notes due 2022, $4 billion aggregate principal amount of 3.125% notes due 2027 and $3 billion aggregate principal amount of 4.125% notes due 2047.

Deutsche Börse Group has invested in Trifacta, the U.S.-based global leader in data wrangling. The group acquired a minority stake that will be managed by its corporate venture capital arm, DB1 Ventures, which will also provide a member of the company’s non-executive board.

Deutsche Börse Group is one of the largest exchange organizations worldwide. It organizes markets characterized by integrity, transparency and safety for investors who invest capital and for companies that raise capital.

Global law firm Norton Rose Fulbright has advised AIG and Standard Chartered in relation to establishing the first blockchain-enabled platform for the streamlined purchasing of trade finance invoices from a global logistics company.

TradeIX and AIG partnered to enable trade finance transactions for companies, using the blockchain-enabled platform provided by TradeIX.