Irwin Mitchell Advises Lloyds Bank Commercial Banking
A Barnsley importer, manufacturer and distributer of composite doors, has secured an £11.5million finance package from Lloyds Bank Commercial Banking.
Distinction Doors Ltd plans to use the asset-based lending facility to help build stock for the Next Generation Door product range which will be launching in 2017.
Ashurst is proud to announce it is advising Good Shepherd Microfinance on a pro bono basis in the establishment of its national Financial Inclusion Action Plan (FIAP) program. The firm will act as an independent program governance adviser as leaders from government, business and education develop plans to promote financial inclusion and resilience for two million vulnerable Australians experiencing severe financial stress.
Hogan Lovells has advised new client Stellwagen group on the sale of its corporate group to Acasta Enterprises Inc. ("Acasta"), in a deal worth approximately US$270million plus contingent consideration, as part of an overall transaction for Acasta worth approximately US$900million. Acasta has also committed to invest US$100million into Stellwagen's investment vehicles as part of the deal. Stellwagen is headquartered in Dublin and provides best-in-class asset management, financial and technology solutions to the global aviation industry.
Allen & Overy said today that International Finance Corporation (IFC)’s new USD152 million forests bond, a first-of-its-kind fixed income product linked to carbon credits, underlines the potential role that bonds can play in financial innovation with environmental preservation at its core.
Allen & Overy said today the GBP265 million 10 year bond issuance from Venn Partners’ PRS Finance plc, the first as part of a government-guaranteed GBP3.5 billion debt issuance programme, represents a vital step towards improving standards and increasing choices for Private Rented Sector (PRS) tenants in the UK.
Watson Farley & Williams (“WFW”) advised the European Bank for Reconstruction and Development (“EBRD”) on a €50m Greek law financing and Piraeus Bank S.A. (“Piraeus Bank”) on a €10m Greek law parallel financing for the construction, development and operation of Greek renewable energy projects by companies in the Terna Energy group. The facility will allow Terna Energy to construct wind farms with a planned capacity of 48 MW to add to current installed capacity of 738 MW, which is expected to exceed 1,000 MW over the next few years.
Watson Farley & Williams (“WFW“) advised BPER Banca and MPS Capital Services Banca per le Imprese S.p.A. on the structuring of a €16m project financing for the construction and management of a portfolio of four hydroelectric plants with the total capacity of circa 7.5 MW. The financing provided a tailored structure designed to accommodate the different stages of development of the four plants: one operative, one under construction and two awaiting authorisation to begin production.
King & Wood Mallesons (KWM) advises Ysios Capital on the structuring and close of its second fund, Ysios BioFund II Innvierte, after receiving capital commitments of €126.4 M and exceeding its initial target fund size of €100 M. The strategy of this new fund is to invest in biotech start-ups and development phase companies.
Legal advice to Ysios Capital was led by Madrid Funds partner Isabel Rodríguez with the assistance of senior associate Ildefonso Alier.
Norton Rose Fulbright has advised Allianz SE on its acquisition of Zurich Insurance Company Ltd’s Moroccan subsidiary. The transaction was completed on November 4, following the regulatory approval.
Ashurst is advising life and pensions consolidator Chesnara plc, owner of Countrywide Assured, on its placing and open offer to raise approximately £70 million to part-finance the proposed €160 million acquisition of Legal & General Nederland Levensverzekering Maatschappij N.V ("Legal & General Nederland") by Chesnara Holdings B.V. The balance of the consideration is to be satisfied by new Chesnara Group debt facilities totalling £100.2 million, on which Ashurst has also advised, as well as from existing cash resources.