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Finance & Banking

Weimob Inc., the largest WeChat-based third-party service provider, Completes HK$756 Million Hong Kong IPO

17 Jan 2019

Beijing/Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it has advised Deutsche Securities Asia Limited and Haitong International Capital Limited as joint sponsors on the HK$756 million global offering and listing on the Main Board of the Hong Kong Stock Exchange by Weimob Inc.

Orrick Advises Seed Fonds Aachen und Mönchengladbach and DSA Invest on Investment in Mobility Platform MOQO

17 Jan 2019

Deutsch: Orrick berät Seed Fonds Aachen und Mönchengladbach und DSA Invest bei Investment in Mobilitätsplattform MOQO

Orrick advised Seed Fonds III Aachen und Mönchengladbach and DSA Invest II, the investment arm of automotive electronics developer DSA Daten- und Systemtechnik, on their seed investment in the MOQO mobility platform.

MOQO is a Software as a Service (SaaS) offering operated by Digital Mobility Solutions GmbH that enables small and local providers to offer scalable shared mobility services.

Orrick advises Caisse des Dépôts et Consignations on Investment in Holiday Village Joint Venture Alongside HPC Group

17 Jan 2019

Members of Orrick’s Paris team advised Caisse des Dépôts et Consignations on an investment, alongside the HPC Group, in a joint venture that will develop, hold and operate a holiday village with a land area of 58,000 sq. m. and a floor area of more than 18,000 sq. m. at Grau-du-Roi, France.

Herbert Smith Freehills advises CBA on A$1.6 billion acquisition of PEXA

17 Jan 2019

Herbert Smith Freehills has advised the Commonwealth Bank of Australia (CBA) in relation to its successful consortium bid to acquire 100% of Property Exchange Australia Limited (PEXA). The transaction, which values PEXA at approximately A$1.6 billion, prevailed over PEXA’s anticipated initial public offering (IPO).

CBA is joined in the successful consortium by existing PEXA co-shareholder Link Group and Morgan Stanley Infrastructure Partners (MSI).

Osborne Clarke advises N26 on $300m series D financing round

16 Jan 2019

Osborne Clarke has advised N26 GmbH on the closing of its series D $300 million financing round. The financing round was led by venture capital and private equity firm Insight Venture Partners valuing N26 at $2.7bn. The round also includes participation from GIC, Singapore’s sovereign wealth fund, Allianz insurance and German venture capital firm Earlybird Venture.

Norton Rose Fulbright advises BOCI on Weigang Environmental Technology Holding Group Limited IPO

16 Jan 2019

Global law firm Norton Rose Fulbright has advised BOCI Asia Limited (BOCI) as the sole sponsor and sole global coordinator in relation to the global offering and listing of Weigang Environmental Technology Holding Group Limited on the Main Board of The Stock Exchange of Hong Kong Limited.

Weigang Environmental Technology Holding Group Limited is a leading comprehensive hazardous waste incineration turnkey solution provider in China, focused on the research, design, integration and commissioning of solid waste treatment systems, particularly for hazardous waste incineration.

WFW advises NBG on landmark €357m facility for DEFSA privatisation

16 Jan 2019

Watson Farley & Williams (“WFW”) advised National Bank of Greece (“NBG”) on a >10 year non-recourse acquisition financing to a consortium comprising Snam, Enagás and Fluxys to fund approximately 65% of the consideration for its acquisition, through Senfluga Energy Infrastructure Holdings (“Senfluga”), of a 66% stake in the Hellenic Gas Transmission System Operator S.A. (“DESFA”) for €535m.  Senfluga completed the acquisition of its shares in DESFA on 20 December 2018.

Ashurst ADTLaw advises Shanghai Pudong Development Bank on a S$40,000,000 term loan facility

16 Jan 2019

Ashurst ADTLaw* has advised Shanghai Pudong Development Bank Co., Ltd as arranger on a S$40 million term loan facility to a real estate development company listed on the Singapore stock exchange.

The Ashurst ADTLaw team was led by Director Lifen Tang and associate Eugene Ang also advised on the transaction.

Herbert Smith Freehills advises on financing for Australia’s largest solar PV farm

16 Jan 2019

Herbert Smith Freehills has advised the Commonwealth Bank of Australia and Westpac Banking Corporation on the project financing of Darlington Point Solar Farm, to be located approximately 10km south of Darlington Point in western New South Wales.

At financial close on 21 December 2018 funds managed by Octopus Investments acquired a majority stake in the project, their first in the Australian renewables market. Edify Energy has been developing the 275 MW(AC) solar farm, which will be Australia’s largest solar PV farm upon completion.