Ashurst advised a syndicate of banks comprising Banco Bilbao Vizcaya Argentaria S.A., Banco Santander S.A., Credito Valtellinese, MPS Capital Services Banca per le Imprese S.p.A., Natixis S.A. and UBI Banca S.p.A. as lenders and mandated lead arrangers in relation to a €66.72 million facilities agreement (comprising a €62.72 million term loan and a €4 million revolving credit facility) entered into by the 9REN Group, a leading European renewable energy company owned by First Reserve.

Ashurst advised a syndicate of banks comprising Banco Bilbao Vizcaya Argentaria S.A., Banco Santander S.A., Credito Valtellinese, MPS Capital Services Banca per le Imprese S.p.A., Natixis S.A. and UBI Banca S.p.A. as lenders and mandated lead arrangers in relation to a €66.72 million facilities agreement (comprising a €62.72 million term loan and a €4 million revolving credit facility) entered into by the 9REN Group, a leading European renewable energy company owned by First Reserve.

Simpson Thacher represented the underwriters, led by Citigroup Global Markets Korea Securities, Korea Investment & Securities, Credit Suisse Securities, J.P. Morgan Securities, NH Investment & Securities and Samsung Securities, in the initial public offering of Samsung BioLogics Co., Ltd. (“Samsung BioLogics”), a biologics contract manufacturing company based in Korea. The offering raised Won 2.25 trillion (approximately US$1.97 billion) for the issuer and the selling shareholder, Samsung Electronics Co., Ltd.

NBE Therapeutics, a company developing next-generation antibody-drug conjugates (ADCs), recently announced the closing of a CHF 20 m Series B financing round and a collaboration with SOTIO a.s. for the discovery, non-clinical development and manufacturing of novel ADC products. As part of the deal, the PPF Group has committed to invest CHF 10 m in NBE. VISCHER has been advising the PPF Group in the financing transaction. The team was led by Matthias Staehelin (Corporate) with Dania Salvisberg-Schneider (Corporate) and Luzius Zumstein (Corporate).

Ashurst advised SEB AG as sole lender on financing the acquisition of Cherry GmbH by Hamburg-based private equity firm Genui. The leading manufacturer of mechanical keyboard switches was sold by technology group ZF Friedrichshafen. The parties have agreed not to disclose the purchase price nor the financing volume.Prior to the sale, ZF had separated the Cherry Group from the ZF Group to concentrate more on its core business. Since then, Cherry has been independently active on the market.

Ashurst has advised Deutsche Bank AG, Singapore Branch as the sole lead manager and bookrunner on the issuance of an exchangeable bond with a principal amount of US$354.8 million by Valin Mining Investments (Singapore) Pte. Ltd (the "Issuer").

Slaughter and May, Hong Kong, advised Prudential plc (Prudential) on the sale of its life insurance subsidiary in Korea, PCA Life Insurance Co., Ltd, to Mirae Asset Life Insurance Co., Ltd. (Mirae), for a total consideration of KRW170 billion. The transaction was announced on 10 November 2016 and is subject to regulatory approval.

Prudential and its affiliated companies constitute one of the world’s leading financial services groups. Mirae is the sixth largest life insurance company in Korea with over KRW 28 trillion in total assets.

Contacts

On November 10, 2016, Mortgage Repurchase Agreement Financing Trust, a Delaware statutory trust (the Issuer) issued USD 700 m Series 2016-3 Notes and USD 500 m Series 2016-4 Notes which are backed by a revolving pool of mortgage loans purchased by the Issuer under a repurchase agreement from Credit Suisse AG, Cayman Island Branch (Credit Suisse).

Freshfields has advised a consortium of four bookrunners on the US$114m global offering of Guangdong Kanghua Healthcare

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised a consortium of four bookrunners on the US$114m global offering of Guangdong Kanghua Healthcare Co., Ltd. (‘Guangdong Kanghua Healthcare’). Freshfields acted as Hong Kong and US legal counsel to the underwriters of the deal. Trading of shares commenced on 8 November 2016 on the Hong Kong Stock Exchange.

Allen & Overy said today that the GBP125 million mobile handset securitisation programme for Virgin Media Mobile, the first of its kind in Europe, underlines that securitisation techniques are a viable option for corporates aiming to secure funding efficiently.

The underlying receivables consist of loans provided by Virgin Media Mobile to its customers in order to finance the purchase of handsets from Virgin Mobile Telecoms.

A&O advised Royal Bank of Canada as arranger on the transaction, with a team led by London finance partner Tim Conduit.