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Finance & Banking

Ashurst advises lenders on Vic Schools PPP refinancing

01 Feb 2019

International law firm Ashurst has advised Westpac Banking Corporation, MUFG Bank, Ltd. and MUFG Securities EMEA plc on a A$204M refinancing of The Partnerships Victoria in Schools PPP Project for AMP Capital Community Infrastructure Fund.

The Partnerships Victoria in Schools PPP Project saw a public private partnership established to leverage private sector expertise to design, build, finance and maintain 11 new schools located in Melbourne's west, south and north.

Dentons advised mBank on acquisition financing for MCI's investment in IAI

01 Feb 2019

Dentons' Banking and Finance team in Warsaw advised mBank in preparing and negotiating the finance documents related to private equity fund MCI.EuroVentures' acquisition of a 51% stake in software company IAI S.A. The transaction is an example of a leveraged buyout investment (LBO) partly funded by acquisition and mezzanine finance. MCI's investment amounts to PLN 140 million. IAI's founders retain ownership of 49% of the shares.

Norton Rose Fulbright advises on the largest refinancing in the Greek renewable energy market

01 Feb 2019

Global law firm Norton Rose Fulbright has advised Eurobank Ergasias and Alpha Bank on the €202 million non-recourse refinancing of a renewable energy projects portfolio operated by three subsidiaries of Total Eren, in Greece. The portfolio consists of five wind parks and seven solar photovoltaic parks with a total installed capacity of 162.4MW. This is the largest refinancing in the Greek renewable energy market.

DLA Piper advises fintech company Splitit on its IPO

31 Jan 2019
DLA Piper advised global payment installment solution company Splitit Payments Ltd on its Australian Stock Exchange initial public offering this week.
 
The Israeli incorporated company provides merchants with a consumer-oriented solution that allows customers shopping online, on mobile or in store to split the cost of purchases into interest and fee-free monthly payments using their existing credit or debit card.
 
The oversubscribed IPO raised $12 million and its closing price after its second full day of trading was A$0.645 (223% hi

Baker McKenzie assists Crédit Agricole on the sale of CPoR Devises to the Loomis group

31 Jan 2019

Baker McKenzie has advised the bank Crédit Agricole on the sale of its investment in CPoR Devises, a specialist in foreign currency and gold processing, to the Loomis group.

The latter has acquired 100% of the company, which was 20% owned by Crédit Agricole with the remaining 80% stake owned by Tessi, a leading player in the processing of flows in Europe.

The acquisition came into effect on December 31, 2018 following the non-opposition decision by the European Central Bank on December 17 of last year.

Milbank Advises Banking Consortia on Refinancing of United Internet AG and Financing for 1&1 Drillisch AG

30 Jan 2019

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised a European banking consortium on the refinancing of an existing credit facilities agreement of United Internet AG. The new syndicated loan financing comprises term loans for United Internet and revolving credit facilities for United Internet and its subsidiary 1&1 Drillisch AG. In addition, Milbank has advised the lenders on financing for 1&1 Drillisch AG. The financings consist of independent syndicated loan agreements with a volume of several billion euros.

Milbank Advises Banking Consortium on Refinancing of DSI Group

30 Jan 2019

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised an international banking consortium on the refinancing of the existing credit facilities agreement of DYWIDAG Systems International (DSI) Group. The new group financing facilities comprise two independent syndicated loan agreements for the construction and the underground parts of the group and has a total volume of around 245 million Euro.

DLA Piper advises MOXY Bank in successful FDIC application

30 Jan 2019

DLA Piper advised MOXY Bank in its successful application for deposit insurance to the Federal Deposit Insurance Corporation.

 

Pending charter approval from Washington's Department of Insurance, Securities and Banking, MOXY Bank will be a minority depository institution with its headquarters and branch on Pennsylvania Avenue near Capitol Hill. Led by proposed President and CEO Casey Mauldin and Board Chairperson Melissa Bradley, MOXY Bank, the first new bank in Washington, DC, since 2005, plans to serve the local community with a focus on minority customers.

GIFTCRAFT COMPLETES RECAPITALIZATION AND PARTNERS WITH CID CAPITAL AND ORIX MEZZANINE & PRIVATE EQUITY

29 Jan 2019

Giftcraft Ltd. announced a significant recapitalization and new partnership with CID Capital and ORIX Mezzanine & Private Equity.

Giftcraft Ltd., headquartered in Toronto, Ontario, services a diverse network of décor and giftware retailers in North America and internationally. CID Capital makes majority investments in lower-middle-market consumer product companies. ORIX Mezzanine & Private Equity invests control and non-control equity and mezzanine capital in lower-mid to middle-market companies.

Ashurst advises banks on the refinancing of The Packaging Group

29 Jan 2019

Ashurst advised Commerzbank AG and Oldenburgische Landesbank AG as lenders on the refinancing of The Packaging Group (TPG), a portfolio company of investment firm HQ Equita. TPG was established in 2018 by merging FAWEMA and HDG (previously: Steindl Group) by HQ Equita. The company is a leading developer and manufacturer of high-grade packaging machines, in particular for food packaging bags made from paper or plastics.

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