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Finance & Banking

Vinge advises Nordnet in connection with the takeover bid from the Öhman Group and Nordic Capital

25 Oct 2016

The Öhman Group, the main owner of Nordnet, and Nordic Capital have, through NNB Intressenter AB, made a public offer to the shareholders of Nordnet AB (publ) (Nasdaq Stockholm). The Offer values all shares of Nordnet at SEK 6,476 million.
 
Vinge advises Nordnet. The Vinge team is headed by capital markets and public M&A partner Erik Sjöman and includes Malte Hedlund, Pernilla Warg and Christoffer Widström.

Ashurst advises Societe Generale-led lender consortium on financing the acquisition of retirement portfolio by Primonial REIM

25 Oct 2016

Ashurst advised a consortium of lenders led by Societe Generale in relation to the financing of the acquisition of the 'Panacea' portfolio by Primonial Real Estate Investment Management (Primonial REIM), a French asset management company. The portfolio comprises of 68 retirement and nursing homes in Germany.

The parties have agreed not to disclose the financing volume and purchase price.

White & Case Advises Banks Group on Sodexo's €600 Million Bond Issue

25 Oct 2016

White & Case LLP has advised HSBC Bank plc, ING Bank NV (Belgian Branch), Natixis and Société Générale, as joint lead managers, and Banco Santander, BNP Paribas, Citigroup Global Markets Limited and the Royal Bank of Scotland plc, as co-lead managers, on Sodexo's €600 million bond issue.

The bonds bear interest at a rate of 0.75 percent and will mature in April 2027. The bonds, issued on October 14, 2016, are listed on the regulated market of Euronext Paris.

Sidley Secures Litigation Victory for Investec in England's High Court

25 Oct 2016

Sidley successfully defended Investec Bank PLC in its five-year battle with former senior employees over the application of the bank’s bonus policy. The proceedings before the High Court of England and Wales were brought by the former head and deputy head of Investec’s structured equity derivatives desk and claimed that bonuses of millions of pounds should have been paid to them. The case threatened to undermine the bank’s longstanding policies and contractual arrangements with serious potential downstream consequences.

Alliance Automotive Finance Completes €180 Million Senior Secured Notes Offering

24 Oct 2016

Simpson Thacher represented certain Blackstone investment funds and Alliance Automotive Finance plc, an affiliate of Alliance Automotive Group S.A.S. (“AAG”), in connection with a Rule 144A and Regulation S offering of €180 million in aggregate principal amount of its Senior Secured Notes due 2021. The transaction closed on October 19, 2016.

Carlyle Group to Sell Stake in Eastern Broadcasting to Taiwan Optical Platform

24 Oct 2016

Paul, Weiss client The Carlyle Group has agreed to sell its majority interest in Eastern Broadcasting Corporation (EBC), Taiwan's largest television broadcaster, to Taiwan Optical Platform Co., Ltd. (TOP), a Taiwan-based telecommunications services provider. Carlyle first acquired an interest in EBC in 2006 and signed the sale and purchase agreement with TOP on October 14, with a consideration of approximately $350 million. The deal is expected to close by early 2017.

The Paul, Weiss team included corporate partner Jeanette Chan and counsel Corinna Yu.

Slaughter and May is advising CIMB on a potential 50:50 JV with China Galaxy

24 Oct 2016

Slaughter and May is advising CIMB Group Holdings Berhad, one of Asia’s largest universal banks, on a potential 50:50 stockbroking joint venture with China Galaxy Securities Co.Ltd., one of the largest Chinese securities companies, comprising institutional and retail brokerage, equities research and associated securities businesses.
Contacts

David Watkins (partner), Roger Cheng (partner), Rahul Mehta (associate)

Slaughter and May advised Close Brothers Limited on the issue of £250 million 2.750% senior unsecured bonds due 2026 from the Close Brothers Finance plc £1 billion Euro Medium Term Note programme

24 Oct 2016

Slaughter and May advised Close Brothers Limited on the issue of £250 million 2.750% senior unsecured bonds due 2026 from the Close Brothers Finance plc £1 billion Euro Medium Term Note programme. The bonds are listed and traded on the Regulated Market of the London Stock Exchange and guaranteed by Close Brothers Limited.

Lloyds Bank plc, Société Générale and UBS Limited acted as Joint Bookrunners.
Contacts

Matthew Tobin (partner), Harry Bacon (associate), Charlotte Ferard (associate)