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Finance & Banking

King & Wood Mallesons advises UBS Wealth Management on $471 Million Oncology Impact Fund

29 Apr 2016

King & Wood Mallesons has advised UBS Wealth Management, the world’s largest global wealth manager, on the final closing of its $471 million UBS Oncology Impact Fund, an impact investing initiative aimed at developing cancer treatments.

Investments will be made in early stage oncology to accelerate the development of new cures. Cancer care is particularly appropriate for this kind of investment because of a supportive regulatory environment.

Clifford Chance picks up Used Aircraft Deal of the Year at the 2015 AirFinance Journal Awards

29 Apr 2016

Clifford Chance acted as transaction counsel for DVB Bank SE, N.B.S.A. Limited, Crédit Industriel et Commercial and Showa Leasing Co., Ltd. on the refinancing of 10 used aircraft on lease to Korean Air Lines Co., Ltd.

The transaction was awarded Used Aircraft Deal of the Year at the 2015 AirFinance Journal Awards having closed in less than 30 days, involving parties in multiple jurisdictions.

King & Wood Mallesons advises Ant Financial on its latest round of US$4.5 billion funding raising transaction

29 Apr 2016

26 April 2016, Zhejiang Ant Small & Micro Financial Services Group Co., Ltd. (Ant Financial) announced its completion of series B round of US$4.5 billion fund raising transaction, which is the largest single private placement fund raising transaction so far in the Internet industry on a global basis. It is a landmark transaction to Ant Financial as well as to China’s Internet finance industry. This also shows the leading position of the Chinese model represented by Ant Financial in the global Internet finance industry.

Ashurst advises Berenberg on financing the acquisition of Telio Group by DBAG

28 Apr 2016

Ashurst advised Joh. Berenberg, Gossler & Co. KG (Berenberg) on the partial financing of the majority takeover of Telio Group by Deutsche Beteiligungs AG (DBAG) and its fund DBAG Fund VI. Telio develops, installs and operates communications and media systems for law enforcement agencies. The participation took place within the framework of a management buyout (MBO). Private investors are sellers in addition to the management.

Berenberg provided DBAG and DBAG Fund VI with a senior operating line of credit. Further borrowed capital was granted by a unitranche lender.

Clifford Chance advises on US$650 million secured credit facility for AerCap

28 Apr 2016

Clifford Chance has advised a syndicate including Development Bank of Japan Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., DBS Bank Ltd., National Australia Bank Limited, China Construction Bank (Europe) S.A., The Bank of East Asia, Limited, CTBC Bank Co. Ltd. and The Tokyo Star Bank, Limited, as mandated lead arrangers, on an up to US$650 million secured credit facility for AerCap Holdings N.V.

Norton Rose Fulbright advises lenders on financing of City Centre Almaza shopping mall in Cairo

27 Apr 2016

Norton Rose Fulbright has advised a syndicate of lenders in relation to a secured term loan facility for up to EGP 2.5 billion to finance the development and construction of the City Centre Almaza shopping mall. The borrower, City Centre Almaza S.A.E., is an Egyptian subsidiary of Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa region.

Freshfields advises on largest IPO of 2016 in Europe

27 Apr 2016

Freshfields Bruckhaus Deringer has acted as international legal counsel for UBS AG, Credit Suisse AG, and the underwriting syndicate on the Swiss IPO of VAT Group AG

Freshfields Bruckhaus Deringer has acted as international legal counsel for UBS AG, Credit Suisse AG, and the underwriting syndicate on the Swiss IPO of VAT Group AG – the global market leader for high-end vacuum valves used in the semiconductor industry and elsewhere. At CHF 621 million, the IPO is the largest in Europe so far this year.