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Finance & Banking

WFW advises on €50m Guadalta refinancing

09 May 2016

International law firm Watson Farley & Williams (“WFW”) successfully advised Liberbank as agent to the financing consortium on the €50m financial restructuring of two Spanish photovoltaic plants owned by energy producer Guadalta, a subsidiary of leading international energy developer Grupo Naturener.

The two parks, with an aggregated capacity of 7.5 MW, are located in the municipalities of Manzanares and Almuradiel in Ciudad Real province, Spain.

CMS Poland advises on two new IPOs

06 May 2016

CMS is acting as the sole legal advisor for the Warsaw Stock Exchange debut of developer i2 Development, planned for the second half of May. CMS’ Capital Markets team was also one of the legal advisors at the initial public offering of Dom Maklerski X-Trade Brokers S.A., which debuted on the WSE on 6 May this year.

After a strong final quarter of last year, when CMS advised on the IPOs of companies such as InPost, Wittchen and Enter Air, CMS’ Capital Markets Team is one of the most sought-after legal advisors for public offerings in Poland.

White & Case Advises Bank Group on US$250 Million ROS AGRO PLC Offering

06 May 2016

Global law firm White & Case LLP has advised J.P. Morgan, UBS and VTB Capital as joint global coordinators and joint bookrunners on a US$250 million, Rule 144A/Regulation S equity offering by ROS AGRO PLC of global depositary receipts listed on the London Stock Exchange and MICEX Stock Exchange.

ROS AGRO PLC, together with its subsidiaries, is a leading Russian vertically integrated diversified food producer. The transaction marks the first London listed equity capital markets offering by a Russian business since October 2015.

Ashurst advises on four liability management transactions

06 May 2016

Ashurst, a leading international law firm, has recently completed four successful liability management transactions.

Ashurst advised MIE Holdings Corporation on its consent solicitation seeking consents from holders of its outstanding high yield 6.875% Senior Notes due 2018 and its 7.50% Senior Notes due 2019 to certain proposed amendments to the respective indentures. The purpose of the amendments was to align with more recent issuances in the region and provide MIE with additional flexibility in light of the continuing volatility of the oil and gas industry.

Slaughter and May advised Moneta and GECIHL - IPO of majority of Moneta’s shares

06 May 2016

Slaughter and May advised MONETA Money Bank, a.s. (formerly known as GE Money Bank a.s., Moneta), a leading retail and expanding SME bank in the Czech Republic, and GE Capital International Holdings Limited (GECIHL), the previously sole shareholder of Moneta and part of the GE group, on the initial public offering (IPO) of the majority of Moneta's shares.

Eubelius acts as transaction counsel on ScriptBook investment

05 May 2016

In April 2016, Eubelius assisted in the 1 Mio EUR investment by PMV NV and Pamica NV in IT start-up ScriptBook NV.

ScriptBook NV assists stakeholders in the film business with their greenlighting decisions by providing an algorithmic assessment of a script’s box office potential, prior to financing, producing & releasing a film.

Eubelius served as transaction counsel. The Eubelius team for the transaction was led by Filip Jenné, Robin Van Gysel and Elias Van Marcke.

Dentons advises on IPO for consumer finance company Morses Club

05 May 2016

London—Dentons has advised Morses Club on its initial public offering (IPO) on London's Alternative Investment Market (AIM). Morses Club, a leading UK non-standard consumer finance company, was admitted successfully to AIM this morning with a market capitalisation of approximately £140 million.

Morses Club has approximately 200,000 customers across the UK, providing unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.

King & Wood Mallesons advises RBS on sale of Malaysian assets

05 May 2016

King & Wood Mallesons (KWM) has advised Royal Bank of Scotland Group Plc (RBS) on the sale of its assets in Malaysia to CTBC Financial Holding Co,. one of Taiwan's leading financial holding companies.

CTBC Financial has agreed to purchase a 100 percent stake in the Royal Bank of Scotland Berhad, a subsidiary of RBS for US$188 million. The acquisition will be completed through CTBC Financial’s two subsidiaries, the banking flagship CTBC Bank and its insurance arm Taiwan Life Insurance.