Leading global law firm Baker McKenzie has successfully acted for Dubai Islamic Bank PJSC in its defence of a USD 2 billion claim brought against it in the English Commercial Court by Plantation Holdings (FZ) LLC, a holding company owned by an Argentinian-resident property developer.
Allen & Overy has advised Goldman Sachs, HSBC, J.P. Morgan, Merrill Lynch and UBS, as joint lead managers, in connection with a USD475 million high-yield bond transaction by a Mauritian special purpose vehicle, Neerg Energy Limited (Neerg Energy), the proceeds of which were used to subscribe to “masala bonds” (Indian rupee denominated bonds typically settled in US dollars) issued by certain subsidiaries of ReNew Power Ventures Private Limited (ReNew), one of India’s largest renewable energy companies.
International legal practice Osborne Clarke has advised Investec Bank plc, in its capacity as sponsor, on Medica Group plc’s £150m IPO.
Medica is the largest teleradiology provider by revenue in the UK, contracting with the largest pool of consultant radiologists outside of the NHS. The major selling shareholder, CBPE Capital LLP, sold the majority of its stake and retained approximately 11 per cent in the company which it acquired from Nuffield Health in May 2013.
King & Wood Mallesons (KWM) advised Nexxus Iberia on the structuring of its new private equity fund, Nexxus Iberia Private Equity Fund I, with a target size of €200 million. The fund is aimed at investment in small and medium size companies with high projection in Latin America. The firm, led by Maite Ballester, has the support of the Mexican Private Equity firm Nexxus Capital and, in this first investment vehicle in Spain, was in collaboration with Fond-ICO Global.
Norton rose Fulbright has advised Goldman Sachs International and J.P. Morgan Cazenove, as global co-ordinators and bookrunners, on the IPO of BioPharma Credit PLC, a new UK investment trust which will be managed by Pharmakon Advisers, L.P., a New York based manager specialising in biopharma royalty investing and lending. This IPO is the largest in the UK this year.
Gide has advised the Lead Manager BNP Paribas on Foncière des Murs’s share capital increase of around EUR 200 million with preferential subscription rights. The company’s main shareholders (Foncière des Régions, Predica, Generali Vie, Cardif Assurance Vie, ACM Vie and Pacifica) exercised the preferential subscription rights attached to their shares.
Mondelez International, Inc. announced the issuance of CHF 350 m FATCA-compliant Bonds.
Credit Suisse AG acted as joint-lead manager together with Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch. The bonds will be listed on the SIX Swiss Exchange.
Homburger acted as counsel to Credit Suisse AG. The Homburger team consisted of partners Rene Bosch (Financial Services), Stefan Oesterhelt (Tax) and counsel Eduard De Zordi (Financial Services).
LONDON, 3 April 2017 – Milbank, Tweed, Hadley & McCloy LLP represented J.P. Morgan Securities plc, Goldman Sachs International, HSBC Bank plc, DNC Markets, a division of DNB Bank ASA, ABN AMRO Bank N.V., Lloyds Bank plc, Morgan Stanley & Co. International plc, and The Royal Bank of Scotland plc (trading as NatWest Markets) as initial purchasers on the €400 million senior secured floating rate notes due 2025 issued by Arrow Global Finance plc.
Clifford Chance advised Latitude Financial Services, a leading consumer finance business in Australia and New Zealand, on the establishment of the first master trust securitisation transaction in Australia for its credit card business. The deal utilises a master trust structure like those used in the UK and US, which enables efficient future issuances for this asset class, the first time such a structure has been utilised by an Australian securitisation issuer. The assets backing the securitisation notes of approximately AU$1 billion are credit-card receivables.
Clifford Chance has advised a banking syndicate on the successful IPO of Aumann AG at the Frankfurt Stock Exchange.
Aumann AG is a global leader in the production of innovative machinery and automated production lines for electric vehicle components in particular. The company was listed on the regulated market (Prime Standard segment) at Frankfurt Stock Exchange on 24 March 2017.