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Finance & Banking

CMS advises One Square Advisors on rescue of automotive supplier Neue Halberg Guss

04 Dec 2018

Cologne – AVIR Guß Holding GmbH has acquired the business operations of Neue Halberg Guss GmbH together with all the major assets. The deal lifts the threat of job losses for the time being and was structured through AVIR’s affiliated companies Gußwerke Saarbrücken GmbH and Gußwerke Leipzig GmbH. The transaction is still subject to closing conditions, which should be fulfilled soon. The parties agreed not to disclose the purchase price.

KEXIM in $1 Billion Offering

30 Nov 2018

Cleary Gottlieb represented The Export-Import Bank of Korea (KEXIM) in its SEC-registered dual tranche offering of $500 million 3.5% notes due 2021 and $500 million 3.625% notes due 2023.

The transaction was a takedown from KEXIM’s shelf registration statement under Schedule B.

Addleshaw Goddard advises Numis on AJ Bell Initial Public Offering

30 Nov 2018

Addleshaw Goddard's corporate team in Manchester and London is advising investment bank, Numis, on the Initial Public Offering (IPO) of AJ Bell – one of the largest online retail investment platforms in the UK.

Manchester-headquartered AJ Bell is looking to float on the Main Market of the London Stock Exchange in December, in what is set to be one of the largest UK IPOs this year.

Addleshaw Goddard has been mandated as the legal adviser to Numis in its role as sponsor, financial adviser, sole bookrunner and broker to AJ Bell.

Clifford Chance advises lenders on a wind farm project financing under Argentina's RenovAr program

30 Nov 2018

Clifford Chance advised the Inter-American Investment Corporation ("IDB Invest") - acting on behalf of the Inter-American Development Bank ("IDB"), as well as KfW Group, KfW IPEX-Bank GMBH and EKF Denmark's Export Credit Agency - on the US$108 million project financing for the Bicentenario 125,2 MW renewable wind energy power plant located in the Province of Santa Cruz, Argentina.

Simpson Thacher Represents Barclays in Bridge Financing for Boston Scientific’s Approximately $4.2 Billion Acquisition of BTG

29 Nov 2018

The Firm is representing Barclays Bank PLC in connection with the bridge financing for Boston Scientific Corporation to finance its announced acquisition of BTG plc.

Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices that are used in a broad range of interventional medical specialties. Boston Scientific Corporation’s products and technologies are used to diagnose or treat a wide range of medical conditions, including cardiovascular, digestive, respiratory, urological, pelvic health and neurological conditions.

Macfarlanes advises Salary Finance on joint venture with CYBG to support salary-deducted customer lending

29 Nov 2018

Macfarlanes has advised market-leading Fintech Salary Finance on a joint venture with independent banking group CYBG. The initiative will see CYBG add an innovative channel to its exiting personal lending business by funding Salary Finance’s rapidly growing product line for salary-deducted loans.

Co-founded by the former Head of Google UK & Ireland, a former banking consultant and a social impact entrepreneur, Salary Finance brings together expertise in financial technology with a desire to do social good.

Privatization and IPO of Nova Ljubljanska Banka

28 Nov 2018

Shearman & Sterling advised the underwriters, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Citigroup Global Markets Limited and WOOD & Company Financial Services a.s., on the up to €669.5 million IPO and privatization of Nova Ljubljanska banka d.d., Ljubljana on the Ljubljana Stock Exchange and the London Stock Exchange.  The transaction, which closed on November 14, is the largest European banking IPO in 2018 to date and the largest ever Slovenian IPO.

NLB is the largest banking and financial group in Slovenia.

Simpson Thacher Represents Initial Purchasers in €7.5 Billion Senior Notes Offering and $5.5 Billion Senior Notes Offering by Takeda to Finance its Acquisition of Shire

28 Nov 2018

Simpson Thacher recently represented the initial purchasers, led by J.P. Morgan Securities plc, SMBC Nikko Capital Markets Limited, Morgan Stanley MUFG Securities Co., Ltd., Barclays Bank PLC, BNP Paribas and HSBC Bank plc, in the offering by Takeda Pharmaceutical Company Limited (“Takeda”) of its €7.5 billion aggregate principal amount of senior notes. The notes were issued in six series with maturities ranging from 2020 to 2030.

Pinsent Masons advises AJ Bell plc on IPO

28 Nov 2018

International law firm Pinsent Masons is advising AJ Bell, one of the largest UK investment platform providers, on its IPO and listing on the main market of the London Stock Exchange.

The Company intends to apply for admission of its shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities.

McDermott Advises Istituto per il Credito Sportivo on €150 million Financing with Council of Europe Development Bank

27 Nov 2018

ROME – International law firm McDermott Will & Emery has represented Istituto per il Credito Sportivo (ICS) in connection with  €150 million framework loan agreement with the Council of Europe Development Bank (CEB) to support the financing of sports facilities in Italy.

The signing ceremony was hosted in Rome’s Palazzo Chigi, the official residence of Italy’s Prime Minister, in the presence of the Secretary of State On. Giancarlo Giorgetti.

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