Allen & Overy LLP advised a syndicate comprising 35 banks on the successful issue of a tier 2 subordinated bond by Deutsche Bank Aktiengesellschaft with a volume of EUR 750 million. The bond pays a fixed coupon of 4.50 per cent. and matures in 2026 (ISIN: DE000DL40SR8).

The Allen & Overy team comprised partner Christoph Enderstein, counsel Michael Becker and associate Christoph Pohl (all International Capital Markets, Frankfurt).

The international law firm Clifford Chance advises Bank of America Merrill Lynch and Credit Suisse in relation to a syndicated loan agreement for Bayer AG for the financing of the acquisition of Monsanto.

ROME (May 24, 2016) – International law firm McDermott Will & Emery advised Impresa Pizzarotti, Italy’s fourth major construction company, on the disposal of its energy business division to Holding Fotovoltaica (“HFV”) held by an institutional investor F2i (Fondo Italiano per le Infrastrutture).

The McDermott team was led by project finance partner Marco Cerritelli and comprised head of Italian energy practice, partner Carsten Steinhauer as well as associates Valentina Perrone and Christian Fabricatore.

Gleiss Lutz has advised listed Groupe SEB on the acquisition of WMF Group. The closing of the transaction is subject to merger control clearance. Groupe SEB will pay 1,020 million EUR in cash for the WMF Group and assume net debt in an amount of 565 million EUR. In addition, SEB takes over 125 million EUR of early retirement and pension liabilities.

Global law firm Norton Rose Fulbright has advised a consortium of lenders and financial institutions in relation to the financing of the £2.6bn Beatrice offshore wind farm in Scotland. The senior debt comprised facilities from 13 commercial lenders, along with EKF (Eksport Kredit Fonden) and European Investment Bank.

Offshore construction of the 588MW site is expected to begin in 2017 and be operational in 2019. It is anticipated that the project will power approximately 450,000 homes.

Nicholas Pincott, partner, comments:

Sidley has advised the sole sponsor China Securities International and four underwriters China Securities International, J.P. Morgan, Huatai Financial Holding and Alliance Capital Partner in connection with the initial public offering of Yadea Group Holdings Ltd. on the Stock Exchange of Hong Kong with global placements pursuant to Regulation S and Rule 144A. Yadea is China’s leading manufacturer of electric two-wheeled vehicles, such as scooters and motorcycles. The total offering amount was approximately HK$1.29 billion (US$166 million).

Global law firm Norton Rose Fulbright is advising ICBC Standard Bank plc on its proposed acquisition of the UK precious metals vaulting business owned by Barclays Bank plc.

The acquisition, expected to complete in July 2016, will enable ICBC Standard Bank to better execute its strategy of becoming one of the largest Chinese banks in the precious metals market. The business being acquired by ICBC Standard Bank includes Barclays’ London vault, along with the transfer of the associated contracts (subject to consent).

Hoist Kredit AB (publ), a wholly-owned subsidiary of Hoist Finance AB (publ), the parent company of the Hoist Finance group, has established an EUR 750,000,000 Euro Medium Term Note Programme, by registering an offering circular with the Irish Stock Exchange.

Travers Smith LLP has acted for Stifel Nicolaus Europe Limited in its capacity as placing agent and sole bookrunner on the £84 million offer for subscription and placing of ordinary shares by Target Healthcare REIT Limited.

The ordinary shares were admitted to trading on the premium segment of the Main Market of the London Stock Exchange on 12 May 2016.

Ashurst advised Peel Hunt LLP as nominated adviser, joint bookrunner and joint broker and Liberum Capital Limited as joint bookrunner and joint broker on the IPO of Joules Group plc ("Joules"), a British premium lifestyle brand, which has approximately 100 stores and its lines sold in major UK retailers including John Lewis and Next.