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Finance & Banking

The Export-Import Bank of Korea $1.5 Billion Notes Offering

26 Jan 2017

Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $500 million aggregate principal amount of its floating-rate notes due 2022, $500 million aggregate principal amount of its 2.125% notes due 2020 and $500 million aggregate principal amount of its 2.750% notes due 2022.

KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.

Cadwalader and Bremond Advise on €1.3 Billion French Fashion Firm Restructuring

26 Jan 2017

Cadwalader, jointly with its strategic alliance firm Bremond & Associes, acted as international counsel for a group of second lien lenders in the €1.3 billion restructuring of the Camaïeu Group. With more than 1,000 stores in 21 different countries, Camaïeu is France’s leading retailer for women’s ready-to-wear fashion.

Noerr advises banks on the purchase of the Dieter Braun Group by DBAG

26 Jan 2017

Noerr has advised Landesbank Baden-Württemberg (LBBW) and Siemens Bank GmbH on financing an investment by Deutsche Beteiligungs AG (DBAG). In this transaction the DBAG Fund VI advised by DBAG acquired the majority of the shares in the automotive supplier Dieter Braun by way of a buyout. The seller is the private equity firm Seafort Advisors. Besides DBAG, the management will also hold shares in Dieter Braun in future.

Heuking Kühn Lüer Wojtek advises youmex AG on taking over the private client business of inprimo privatinvest GmbH

26 Jan 2017

A team led by tax law expert Klaus Weinand-Härer, banking supervisory law expert Dr. Christoph Gringel, and Corporate/M&A expert Dr. Mirko Sickinger of the business law firm of Heuking Kühn Lüer Wojtek advised youmex AG, Frankfurt am Main, on taking over inprimo privatinvest GmbH's private client business. The business was integrated into youmex Wealth Management AG as a subsidiary of youmex AG.
 

Gide, counsel to Idinvest on its investment in Neurala

26 Jan 2017

Gide has advised Idinvest on its investment, via its fund Electranova Capital and in partnership with Ecomobility Ventures, in Neurala alongside Pelion Venture Partners, Sherpa Capital, Motorola Solutions Venture Capital, 360 Capital Partners, Draper Associates Investments and SK Ventures. The seed round raised USD 14 million. Based in Boston, Neurala is the pioneer in deep learning neural network software that helps machines and robots learn and interact with the world.

The team was comprised of partner David-James Sebag and Pauline Schaeffer

Ensco plc $650 Million Exchange Offers

26 Jan 2017

Davis Polk advised the lead dealer managers, in connection with the Rule 144A/Regulation S exchange offers by Ensco plc pursuant to which it issued $332 million aggregate principal amount of Ensco’s newly issued 8.00% senior notes due 2024 and paid $332 million of cash in exchange for of approximately $374 million aggregate principal amount of its 4.70% senior notes due 2021, and approximately $146 million aggregate principal amount of 8.50% senior notes due 2019 and $130 million aggregate principal amount of 6.875% senior notes due 2020 of Pride International, Inc., a wholly owned su

Noerr advises Allianz on launch of Fizz Student Housing Fund with target volume of €1 billion

25 Jan 2017

Noerr has advised companies in the Allianz Group and a further European principal investor on their investment in the newly established “The Fizz Student Housing Fund S.C.S.” and the acquisition of the seed portfolio as well as the antitrust clearance by the EU Commission. The Noerr team acting on behalf of the principal investors was led by Düsseldorf partner Christoph Brenzinger.

Allen & Overy advises international banking syndicate on a successful bond issue by Deutsche Bank Aktiengesellschaft

25 Jan 2017

Allen & Overy LLP advised a banking syndicate comprising Deutsche Bank AG, London Branch, Banca IMI S.p.A., Banco Popular Español S.A., ING Bank N.V. and Lloyds Bank plc as joint lead managers and 35 further banks as co-lead managers on a successful EUR 1.5 billion bond issue by Deutsche Bank Aktiengesellschaft.  The bond pays interest at a rate of 1.50 % p.a. and matures on 20 January 2022 (ISIN: DE000DL19TA6).

Inhouse adviser at Deutsche Bank Aktiengesellschaft was Tim Pätzold.

White & Case Advises on Financing of Elis' Acquisition of Lavebras and Indusal and Syndicated Loan Refinancing

25 Jan 2017

White & Case LLP has advised the bank syndicate comprising BNP Paribas, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC and Société Générale on the financing of Elis' €510 million acquisition of Indusal (Spain) and Lavebras (Brazil).

The acquisitions, announced in December 2016, were financed through a bridge loan signed in November 2016, which will be refinanced by a €325 million capital increase launched on January 19, 2017, and a new €1,150 million senior syndicated loan signed on January 17, 2017.