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Finance & Banking

Dentons advises Berlin Hyp and Deutsche Postbank on the financing of a pan-European portfolio of carparks

17 Aug 2017

Global law firm Dentons has advised Berlin Hyp AG and Deutsche Postbank AG in three parallel financing transactions to fund Bauwfonds European Real Estate Parking Fund III’s acquisition of a real estate portfolio consisting of car parks in France, the Netherlands, Spain, UK and Germany.

Haavind is assisting Axactor with a NOK 598 million private placement and co-investment partnership with Geveran Trading

16 Aug 2017

Haavind advisor to Axactor in connection with co-investment partnership with Geveran.

Haavind is assisting Axactor AB (publ) with a NOK 598 million private placement of shares in order to fund Axactors Equity investment in a portfolio investment company to be established together with Geveran Trading Co. Limited, a company indirectly controlled by Mr John Fredriksen (Geveran). The investment partnership will secure EUR 300 million in investment capacity.

Haavind is assisting Axactor with a NOK 598 million private placement and co-investment partnership with Geveran Trading

16 Aug 2017

Haavind advisor to Axactor in connection with co-investment partnership with Geveran.

Haavind is assisting Axactor AB (publ) with a NOK 598 million private placement of shares in order to fund Axactors Equity investment in a portfolio investment company to be established together with Geveran Trading Co. Limited, a company indirectly controlled by Mr John Fredriksen (Geveran). The investment partnership will secure EUR 300 million in investment capacity.

Firm advises on significant retail bond issuance by LendInvest

15 Aug 2017

International law firm Simmons & Simmons has advised LendInvest Limited on the establishment of a £500m Euro Medium Term Note Programme for its subsidiary LendInvest Secured Income plc, and on the issuance of £50 million 5.25 per cent Notes due 2022. This is the first bond issuance by a member of the LendInvest group and is listed on the London Stock Exchange’s Order Book for Retail Bonds.

Allen & Overy advises KeyBank and KKR Capital Markets on $770 million financing for acquisition by Zep, Inc.

15 Aug 2017

Allen & Overy represented regional bank and KeyCorp subsidiary, KeyBank, and broker-dealer KKR Capital Markets as lead arrangers for the $770 million acquisition financing by Zep, Inc., a leading specialty chemical goods firm and portfolio company of New Mountain Capital. The financing consists of a $550 million first lien term loan, a $45 million first lien revolving credit facility, and a $175 million second lien term loan facility. Proceeds of the loan were used to finance the acquisition, refinance existing credit facilities and finance a dividend.

Clifford Chance advises syndicate of lenders on the pre-IPO refinancing of Vapiano

15 Aug 2017

Clifford Chance has advised UniCredit Bank AG on the EUR 200 million syndicate of financing for Vapiano SE via an international syndicate of lenders. This new financing allows for existing financing arrangements to be repaid and will also fund the continued growth of the Vapiano Group. The financing is a key step towards Vapiano's IPO. The initial listing occurred on 27 June 2017.

Schellenberg Wittmer advises SIX Group on the acquisition of Aduno SA

15 Aug 2017

SIX Payment Services AG acquired from Aduno Group 100% of the shares in Aduno SA, a Swiss company active in the acquiring and terminal business (card acceptance and processing).
 
The acquiring/terminal segment of Aduno SA generated in 2016 a merchant sales volume of CHF 8.2 billion and an operating income of CHF 97.5 million with a workforce of about 240 employees.
 

Vinge has advised Sparbanken Skåne

14 Aug 2017

Vinge acted as legal adviser in connection with Sparbanken Skåne AB (publ)’s (”Sparbanken Skåne”) establishment of a programme for the issuance of covered bonds in accordance with the Swedish Covered Bonds Issuance Act (SFS 2003:1223).

The programme enables Sparbanken Skåne to continuously issue notes in SEK within a maximum outstanding nominal amount of SEK 30 billion at each time. The borrowing through covered bonds will enable Sparbanken Skåne to increase its presence on the capital market and to diversify its borrowing.