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Finance & Banking

Roschier represented the banks in the financing of Tripla

27 Jul 2016

Roschier represented Danske Bank Oyj, Svenska Handelsbanken AB (publ), European Investment Bank and Nordic Investment Bank in the financing of construction and development of the Tripla city centre which will include, among other things, the largest shopping mall in Finland.

The transaction is one of the recent years' most high-priced construction/development projects in Finland with a total value of ca. EUR 600 million.

P+P advises on closing of DBAG Fund VII

27 Jul 2016

On July 21, 2016, the listed Frankfurt-based company, Deutsche Beteiligungs AG, successfully initiated the next generation of DBAG buyout funds with the closing of DBAG Fund VII.

With capital commitments of EUR 1 B, DBAG Fund VII significantly exceeds the volume of its predecessor, DBAG Fund VI, which closed in 2012 with commitments of EUR 700 M.

DBAG Fund VII consists of two constituents: a primary fund with a fund size of EUR 800 M and a "top-up fund" for larger transactions with a fund size of EUR 200 M.

Double US success for Nabarro with completion of two Rule 144A offerings

27 Jul 2016

Nabarro has completed two US Rule 144A offerings this month. The first transaction involved jointly advising La Française de L’Energie on its €125 million global IPO on the regulated market of Euronext Paris with Broadlaw Group member, Lefèvre Pelletier and Associés (LPA). Nabarro also advised a syndicate of international investment banks on an institutional placing and Rule 144A offering by Faroe Petroleum plc.

Dentons advises Ajman Bank PJSC on a AED245 million conventional loan and Islamic facility to Union Properties PJSC

27 Jul 2016

Dubai—Dentons advised Ajman Bank PJSC on a AED245 million conventional loan and Islamic facility to Union Properties PJSC in relation to the construction and development of residential buildings in Dubai, United Arab Emirates. The facilities comprised of conventional and Istisna'/forward Ijarah facilities.

Ajman Bank together with the National Bank of Ras Al-Khaimah (RAKBANK) acted as joint lead managers for the deal with the publicly listed Dubai-based property developer, while Alpen Capital was the sole financial advisor for the transaction.

Ashurst advises BofA Merrill Lynch on Spin-off and Hong Kong Listing of QinQin

27 Jul 2016

International law firm Ashurst has advised BofA Merrill Lynch in connection with the spin-off of QinQin Foodstuffs Group (Cayman) Company Limited from Hengan International Group Co. Ltd. and the listing of QinQin on the Main Board of the Hong Kong Stock Exchange by way of introduction.  BofA Merrill Lynch acted as sole sponsor to the listing.

Clifford Chance advises Deutsche Bank Luxembourg S.A. in relation to a syndicated loan agreement for Henkel for the financing of the acquisition of Sun Products

26 Jul 2016

Clifford Chance advises Deutsche Bank Luxembourg S.A. as documentation agent in relation to a USD 3,600,000,000 dual currency syndicated loan agreement for Henkel for the financing of the acquisition of Sun Products.

The Clifford Chance team is led by partner Dr. Bettina Steinhauer and comprises senior associate Julia Klingen and transaction lawyer Dr. Alexander Hansen Díaz (all Banking & Capital Markets, Frankfurt) as well as partner Jay Gavigan and senior associate Andrew Young (both Banking and Finance, New York) .

CMS advises CBL in acquisition of SFS

25 Jul 2016

CMS acts as counsel for CBL Corporation Limited in the acquisition of Securities & Financial Solutions Europe

CMS is the legal counsel for the New Zealand insurer CBL Corporation Limited (CBL) in the framework of the process to acquire Securities & Financial Solutions Europe (SFS), the leader in construction insurance in France, and IMS Expert Europe (IMS).

In this matter, CMS's team is composed of:

White & Case Advises UniCredit on €750 Million Sale of Stake in Bank Pekao

22 Jul 2016

Global law firm White & Case LLP has advised UniCredit S.p.A. on the sale to institutional investors of approximately 26.2 million ordinary shares in Bank Pekao, the second largest Polish bank.

The shares correspond to approximately 10 percent of the share capital in Bank Pekao and the sale was carried out through an accelerated bookbuild offering to institutional investors for an aggregate value of approximately €750 million. Morgan Stanley, Citigroup, UBS and UniCredit Corporate & Investment Banking acted as joint bookrunners.