Baker McKenzie is acting for China Galaxy International Financial Holdings Limited (CGI) on its conditional acquisition of a 50% stake in CIMB Securities International Pte. Ltd. (CSI), from CIMB Group Sdn Bhd (CIMB), for a total value of approximately SG$167 million. The acquisition and partnership with CIMB strengthens CGI’s footprint in the Asia Pacific region and represents its first foray into the ASEAN market and beyond. This provides greater leverage to its existing strength as a leading integrated financial services and securities provider in China.
 

Led by their Frankfurt based Partner Michael Schlitt international law firm Hogan Lovells advised Hauck & Aufhäuser Privatbankiers KGaA on the change of legal form to a stock corporation (Aktiengesellschaft).

The change of legal form was registered with the commercial register on 1st of June, 2017 with the trade name Hauck & Aufhäuser Privatbankiers Aktiengesellschaft.

Hogan Lovells-Team for Hauck & Aufhäuser Privatbankiers

DUBAI, 4 June 2017 – Hogan Lovells has advised arrangers on a US$236 million equivalent syndicated dual currency commodity murabaha facility for Ziraat Participation Bank.

Allen & Overy has advised ANZ, Citi, J.P. Morgan, Standard Chartered Bank and SBICAP as joint lead managers (JLMs) in connection with the debut Reg S  offering of senior unsecured notes due 2027 by HPCL-Mittal Energy Limited (HMEL). The dollar-denominated 10-year 5.25% bond raised USD375 million for the Indian refiner.

Addleshaw Goddard has advised longstanding client Metro bank Plc on its acquisition of a portfolio of UK mortgages from private equity group Cerberus European Residential Holdings B.V. for approximately £597 million.

The transaction, which completed on 2 June 2017 and was financed using existing cash resources, sees the FTSE 250 bank purchase approximately 92% buy to let mortgages, with the remainder being owner occupied, all with a similar credit risk profile to its existing mortgage book.

On June 2, 2017, Fibi Bank (Switzerland) Ltd (Fibi), a subsidiary of The First International Bank of Israel Ltd, and CBH Compagnie Bancaire Helvétique SA (CBH) completed the sale and transfer of Fibi's banking relationships and clients' assets to CBH. Lenz & Staehelin advises the Fibi group. The team includes partners Tino Gaberthüel (Corporate and M&A), Stefan Breitenstein (Banking and Regulatory) and Matthias Oertle (Employment and Pension) as well as associates Robin Hauser, Alex Wille, Thierry von Aarburg, Stephan Brandner and Max Zickler.

Allen & Overy has advised the lenders on the development and project financing of the Coral South Floating LNG (FLNG) project in Mozambique. The USD5 billion deal is the first project financing for an FLNG development anywhere in the world, Mozambique's first LNG project, and Africa's largest ever project financing.

Cravath represented Premier Foods Finance plc in connection with its £210 million 144A/Reg. S high-yield senior secured floating rate debt offering, guaranteed by Premier Foods plc and certain of its subsidiaries. Premier Foods is one of the United Kingdom's largest food producers, engaging in the manufacture, distribution and sale of various branded and non-branded foods. The notes will be listed on the Irish Stock Exchange. The transaction closed on June 5, 2017.

Advising a banking pool in connection with the senior debt financing for the acquisition by EMZ of a minority stake in the capital of ONET

Advising a banking pool in connection with the senior debt financing for the acquisition by EMZ of a minority stake in the capital of ONET, from FFP the holding of the family Peugeot.

Reed Smith has advised OakNorth Bank Limited (OakNorth) - the bank for entrepreneurs, by entrepreneurs - on its largest deal to date: a £21million loan for the development of a luxury hotel in central London.

The hotel will be situated at 2-6 Southampton Row in Holborn in a Grade II-listed former Baptist church. It is expected to open its doors early next year. Designed by architect Jacques Garcia and managed by Michael Voigt, will have 40 bedrooms, as well as a bar, restaurant, cafe and conference facilities.