Osborne Clarke recently concluded the successful representation of a leading UK financial services company. The matter required us to consider the potential that our client risked exposure to liability under section 7 Bribery Act 2010 – the failure to prevent offence.
Shoosmiths has advised Lloyds Development Capital (LDC) on its £16m investment into national hair salon Rush.
Fast becoming the leading hair and beauty brand in the UK, Rush has 85 salons across the country including in Manchester, Birmingham, Nottingham and Bristol with a flagship branch, House of Rush, on London's Piccadilly.
The investment from LDC will help to accelerate Rush's national expansion of the brand as the company plans to almost double its salon count over the next four years. As part of the deal, LDC will acquire a minority shareholding.
Allen & Overy LLP advised Oesterreichische Kontrollbank on legal aspects of its public offering of $1.5 billion of 1.750% Guaranteed Global Notes due 2020.
The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange.
Cravath represented the European Investment Bank in connection with its US$4 billion registered debt offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on January 12, 2017.
Watson Farley & Williams (“WFW“) advised Iccrea Bancaimpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, on two financings for companies operating in the maritime sector that are part of Greece’s Zouros Group.
The first financing was provided to Leon Z Maritime Company, Panther Z Maritime Company and Thalassa Z Maritime Company and will be used to refinance said companies’ financial exposure and meet general corporate needs.
Watson Farley & Williams (“WFW“) advised Iccrea Bancaimpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, on two financings for companies operating in the maritime sector that are part of Greece’s Zouros Group.
The first financing was provided to Leon Z Maritime Company, Panther Z Maritime Company and Thalassa Z Maritime Company and will be used to refinance said companies’ financial exposure and meet general corporate needs.
Dentons advised Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of US$150 million trust certificates (Sukuk) due 2020, which completed on 24 January 2017. In addition to being AFC's maiden Sukuk issuance, the transaction represented the first Sukuk to be issued by an African supranational entity. The Sukuk were offered to international investors outside of the United States on a private placement basis.
Pinsent Masons has advised Hannam & Partners and Daniel Stewart & Company Plc as joint bookrunners on the £15.2m main market IPO of Rainbow Rare Earths Ltd.
Rainbow Rare Earths Ltd is a Guernsey incorporated rare earth development company operating in East Africa with a specific focus on Burundi and the company's shares were admitted to trading on 30 January.
The Pinsent Masons team acting on the transaction was led by partner Jon Harris and senior associate Adam Cain with assistance from solicitor Dan Hickie.
On January 3, 2017, Credit Suisse Group AG (Credit Suisse) established a new U.S. Senior Debt Program (the Program), which is registered as an issuance program with the SIX Swiss Exchange. Under this new issuance program, Credit Suisse may directly issue bail-inable (TLAC) notes governed by Swiss law eligible to count towards its Swiss gone concern requirement and exempted from the Swiss withholding tax regime.
Macfarlanes has advised Universities Superannuation Scheme Limited (USS), the sole corporate trustee of one of the UK’s largest pension funds, on an arrangement to provide senior debt finance to global private equity and asset management companies and the related purchase by USS of a majority stake in a portfolio of middle-market loans to direct lending funds and on-going risk management and origination services from Credit Suisse AG, London Branch. The portfolio is valued at $3.1bn and is secured by an underlying portfolio of loans to medium-sized European companies.