Clifford Chance has advised the banks on the financing of Paris-based private equity investment company Ardian's acquisition of imes-icore. Imes-icore is a producer of premium CNC milling machines for dental and industrial applications. Commerzbank Aktiengesellschaft, SEB AG and UniCredit Bank AG acted as arrangers of the syndicated facilities. UniCredit Bank AG is acting as facility agent and security agent.
Matheson advised Deutsche Bank AG, London Branch as Arranger and Lead Manager, in relation to the €158.2 million asset backed securities issued by Citizen Irish Auto Receivables Trust 2017 DAC in June 2017. The transaction is a static cash securitisation of car loans (hire purchase contracts and leases) extended to Irish borrowers by First Citizen Finance DAC. The Class A Notes were rated AAA / Aaa by S&P and Moody’s respectively.
Clifford Chance has advised a bank syndicate led by BNP PARIBAS, Crédit Agricole CIB and HSBC on a bond issue in the total volume of EUR 800 million. The bond was issued by Steinhoff Europe AG, a furniture and household goods retailer, and is guaranteed by Steinhoff International Holdings N.V. This was Steinhoff's debut issue in the Eurobond market.
The bond, issued in a denomination of EUR 100,000 on 24 July 2017, has a 7½ year term and bears an annual coupon of 1.875 per cent.
Baker McKenzie advised the banking consortium on the acquisition of ista International GmbH, one of the world's leading energy efficiency providers, by a Chinese joint venture, CK Infrastructure Holdings Limited (CKI) and Cheung Kong Property Holdings Limited. The majority of the vendor is held by CVC Capital Partners Fund V, who had purchased the highly profitable heating and water meter specialists in 2013.
The acquisition is financed by a consortium of 13 European and Asian banks.
Hogan Lovells advised BNP Paribas Cardif in the sale of its 50% + 1 share in the share capital of Cargeas Assicurazioni (CARGEAS), its Italian Non-Life operations.
BNP Paribas Cardif already owned the remaining 50% - 1 share in the share capital and now becomes the only shareholder of Cargeas Assicurazioni.
The transaction, which is subject to regulatory approval, is expected to close before the end of 2017.
Allen & Overy said today that the complex restructuring of the financial indebtedness of Premier Oil plc., the independent oil and gas exploration and production company, has become effective.
This is the largest and most complex restructuring of a North Sea oil company to date.
NautaDutilh Luxembourg advised, alongside Latham & Watkins and Weil Gotshal, the underwriters JP Morgan, UBS and Bank of America Merrill Lynch, on the EUR 1 billion initial public offering (IPO) of Play on the Warsaw Stock Exchange, which values the company at EUR 4 billion (PLN 16 billion).
Play was listed on 27 July 2017. It is the largest IPO in the telecommunications sector in Europe since June 2015, and one of the five largest ever Polish IPO's. Play was assisted by White & Case and Loyens & Loeff.
Reed Smith was awarded Deal of the Year by Latin Lawyer in connection with its representation of Citibank, N.A. in the COP 1.3 billion financing of Concesión Pacífico Tres, the first 4G Colombian public infrastructure toll road program. The award was recently announced at Latin Lawyer’s 11th Annual Latin Lawyer Deal of the Year Awards in São Paulo and follows the firm's recognition for Latin America Road Deal of the Year by IJGlobal Project Finance & Infrastructure Journal this past March.
One of the largest Estonian seafood producers PRFoods acquired 85% fish processing companies John Ross Jr Ltd (JRJ) and Coln Valley Smokery Limited (CVS), both located in the United Kingdom. The Leigh family who have been running the companies as a family business will keep 15% of the shareholding.
Allen & Overy has advised Standard Chartered Bank and Société Générale as arrangers on the acquisition of Fertilizers and Inputs Holding B.V. by Helios Investment Partners.
Fertilizers and Inputs Holding B.V. carries out Louis Dreyfus Company's Africa-based fertilisers and inputs operations, distributing fertilisers, crop protection products, seeds and industrial chemicals throughout Angola, Burkina Faso, Cameroon, Ivory Coast, Madagascar, Mali and Senegal.