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Finance & Banking

WFW advises Banco Popolare on “Toscana” towboat financing

08 Dec 2016

Watson Farley & Williams (“WFW“) has advised Banco Popolare on its loan to Fratelli Neri S.p.A. to partially finance the acquisition of the “Toscana” towboat, which was built in the Damen Shipyards in Gorinchem (Netherlands) and registered in Genoa. WFW also advised on the towboat’s delivery phase.

Banco Popolare is an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank is listed on the Borsa Italiana’s FTSE MIB index.

DLA Piper advises long standing client Aareal Bank AG on a up to €1 billion facility to Invesco Real Estate

07 Dec 2016

DLA Piper has advised Aareal Bank AG on an up to €1 billion  pan-European real estate loan to Invesco Real Estate which represents one of 2016's largest European real estate financings.

The facility comprises initial loans totalling €610 million, which will be used to refinance a portfolio of properties located in UK, Spain, France, Germany, Italy, the Netherlands and Poland. The financing also provides Invesco with an accordion facility of up to another €390m, which is yet uncommitted, to enable it to expand the portfolio throughout those jurisdictions.

Eubelius assists Adcuram Group with the sale of Citrique Belge

06 Dec 2016

Eubelius has assisted German investment fund ADCURAM Group with the disposal of its Belgian portfolio company SA Citrique Belge to Dutch investor CIBE CV. The transaction was closed on 30 November 2016.

SA Citrique Belge, located in Tienen, is a worldwide leader in the production of citric acids and the derivative products. During the financial year 2015 its global turnover amounted to approximately EUR 120 mio.

The Eubelius team for this transaction was led by Erwin Destuyver and Erik Voets.

Eubelius assists bpost with the closing of the acquisition of the Belgian activities of Lagardère Travel Retail

06 Dec 2016

On 30 November 2016, bpost has successfully completed its acquisition of the Belgian activities of Lagardère Travel Retail (cf. bpost press release).

The Belgian Competition Authority authorized this transaction on 8 November 2016, subject to a number of commitments.

Eubelius served as counsel to bpost. Erwin Destuyver and Erik Voets assisted bpost in relation with the M&A aspects of the transaction while Jan Bocken and Stijn Goovaerts assisted bpost throughout the merger clearance process before the Competition Authority.

Dentons advises on the refinancing of ACEGA’s toll motorway AP -53

06 Dec 2016

Dentons Spain has advised the financial institutions in the refinancing of a Globalvia-controlled motorway concession known as AP-53

Dentons Spain has advised the financial institutions in the refinancing of a Globalvia-controlled motorway concession known as AP-53, a 56.6 Km long motorway which links Alto de Santo Domingo (Orense) and Santiago de Compostela, in the northwest region of Spain called Galicia. The operation was closed in Madrid last Friday, November 25th.

Shearman & Sterling Advises Banks on €474 Million Initial Public Offering of DNA

05 Dec 2016

Shearman & Sterling advised the joint global coordinators and joint bookrunners, led by Danske Bank and Morgan Stanley, on the initial public offering and Nasdaq Helsinki listing of DNA Oyj. The transaction, which closed on December 2, 2016, is one of the biggest flotations in Finland in a decade.

The offering comprised a secondary sale by DNA’s two largest shareholders, Finda Oy and PHP Holding Oy, among other selling shareholders, and a primary issuance by DNA for total gross proceeds of approximately €474 million (including the over-allotment option).

White & Case Advises on Studio City's Senior Secured Notes Offering and Super Senior Revolving Credit Facility

05 Dec 2016

White & Case LLP has advised the financial institutions on the senior secured notes offering and super senior revolving credit facility for Studio City Company Limited (SCC), 60 percent of which is held indirectly by Melco Crown Entertainment Limited, a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, with the remaining 40 percent held indirectly by New Cotai, LLC.