The developers of one of the world’s largest offshore wind farms announced the limited recourse financing for the project today, having reached financial close in six months.

Allen & Overy’s role was advising the Mandated Lead Arrangers on the GBP1.3 billion long-term financing which will fund the capital requirements of the 402-megawatt (MW) Dudgeon Offshore Wind Farm, currently under construction 32 kilometres out to sea from the North Norfolk coast of East England.

GCA Savvian Corporation (GCA), a global investment bank listed on the Tokyo Stock Exchange, announced its merger with Altium Corporate Finance Group (Altium), an M&A advisory business. The combination creates a leading independent international investment bank that will operate under the names GCA Altium in Europe and GCA in the United States and Asia.

Darrois Villey Maillot Brochier has advised Financière Flo on the restructuring of Group Flo’s bank debt.

International law firm Simmons & Simmons has advised Funding Circle Limited (‘Funding Circle’) on the £129m securitisation of SME loans originated through Funding Circle’s online lending platform.

International law firm Simmons & Simmons has advised Commerzbank AG on the first two funds established in Germany to be cross-listed on the Hong Kong Stock Exchange. The ComStage 1 DAX® UCITS ETF and ComStage 1 DIVDAX® UCITS ETF, which are UCITS structured as Sondervermögen, will be listed in Hong Kong on 18 May 2016.

Grove and Lindorff acquire Project Corus.

Banco Sabadell has sold one of its largest non-performing loan portfolios with an outstanding balance of €980 million. Grove Capital Management, a distressed asset investment group, and Lindorff, a debt recovery company, have acquired the sub-portfolios of the “Corus” portfolio.

Allianz Global Investors and DekaBank appointed State Street to provide fund accounting and fund administration for more than €500 billion in assets previously performed by Dealis Fund Operations. State Street will assume the operations as well as the data management from Dealis Fund Operations. Within the framework of the appointment State Street intends to take on all of the approx. 350 Dealis employees based at the premises in Frankfurt, Leipzig and Luxembourg.

Stibbe advises ABN AMRO and HSBC (as joint global coordinators) and the other underwriters on the share placement and listing of Sif Holding N.V. ("Sif"), a leading manufacturer of large steel tubulars which are used as foundation components for the offshore wind and offshore oil & gas markets.

The Pfleiderer Group has received an accolade for outstanding restructuring efforts at Handelsblatt’s Restrukturierung 2016 event following its successful group reorganisation. The jury praised, in particular, the skills and professionality demonstrated by the advisors during the reorganisation process.

Shearman & Sterling advised Goldman Sachs, Barclays and Mizuho Securities on Travelodge’s inaugural £390 million high yield bond offering. The offering comprised £290 million 8.50% senior secured fixed rate notes due 2023 and £100 million senior secured floating rate notes due 2023 issued by TVL Finance plc, an affiliate of Travelodge Hotels Limited. The proceeds of the offering will be used to refinance existing indebtedness of the Travelodge group and make a distribution to its shareholders.