Munich, April 21, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised a banking consortium led by Commerzbank Aktiengesellschaft, HSBC Trinkaus & Burkhardt AG, IKB Deutsche Industriebank AG and UniCredit Bank AG as mandated lead arrangers on the refinancing of the DURAN group. The new senior facilities provide for a comprehensive financing of the group, including the recently added US businesses. The parties have agreed not to disclose the deal volume.

Noerr has advised FinTech company MyBucks S.A. on the successful issuance of a three-year bond. The new debt issues were successfully placed in a private placement among selected investors. The bond will be listed on the Third Market at Vienna Stock Exchange.

Simpson Thacher is representing Ant Financial Services Group in connection with its agreement to raise its offer price for MoneyGram International Inc. (NASDAQ: MGI) to $18 per share in cash, thereby topping a competing offer from MoneyGram's competitor Euronet. The revised transaction is valued at approximately $1.204 billion for MoneyGram's outstanding equity. The transaction is subject to the approval of MoneyGram stockholders at a special meeting scheduled for May 16, obtaining remaining regulatory approvals and other customary closing conditions.

The Firm is representing Ant Financial Services Group (“Ant Financial”) in connection with its strategic partnership with PT Elang Mahkota Teknologi Tbk (IDX: EMTK) (“Emtek”). The two companies are setting up a joint venture to launch a new mobile platform for payment and other financial services and to increase accessibility of digital financial services in Indonesia.

Heuking Kühn Lüer Wojtek advised THE NAGA GROUP AG (NAGA) on the financing by Chinese investment group FOSUN International (FOSUN). The advice included also the issue of a convertible bond. FOSUN invests a total of EUR 12.5 million in the German company. The financing is thus one of the largest series A funding projects in Europe for a FinTech company in 2017 to date.
 

Galenica (expected to be renamed Vifor Pharma) has sold its shares in Galenica Santé by way of an initial public offering (IPO) on the SIX Swiss Exchange. The IPO volume was CHF 1.9 billion making it the largest IPO announced in Europe so far this year. The shares of Galenica Santé (ticker symbol: GALE) were priced at CHF 39.00 and closed at CHF 43.00 on their first day of trading on 7 April 2017.

Led by their Frankfurt-based partners Michael Schlitt and Patrick Mittmann, and counsel Susanne Lenz, Hogan Lovells advised NORD/LB on the inaugural issue of promissory notes to International Investment Bank, a multilateral development bank registered with the United Nations.

The promissory notes were issued by NORD/LB on 6 April 2017, were divided into three tranches with terms of three, seven and ten years, respectively, and with a fixed rate of interest.

Hogan Lovells-Team for Norddeutsche Landesbank – Girozentrale

Frankfurt

Allen & Overy (A&O) and Khoshaim & Associates (K&A) have advised the arrangers and dealers on the establishment of a SAR37.5 billion domestic sukuk issuance programme for Saudi Aramco and its debut issuance of SAR 11.25 billion sukuk due 2024 thereunder.  

White & Case LLP has advised Banca Farmafactoring on its initial public offering on the Milan Stock Exchange, in which approximately 30 percent of the company's ordinary shares were sold for a total amount of approximately €250 million.

Banca Farmafactoring specialises in the management, sale and non-recourse factoring of receivables owed to suppliers mainly by national healthcare service entities and other Italian public sector organisations.

White & Case LLP has advised a primary financial institution on the sale to Banca IFIS S.p.A. of eight portfolios of secured and unsecured non-performing loans with an aggregate nominal value of approximately €413 million.

The White & Case team in Milan which advised on the transaction was led by partner Gianluca Fanti and local partner Giuseppe Barra Caracciolo together with associates Francesco Scebba, Silvia Totti and Riccardo Verzeletti.