Ashurst is advising Smith Square Partners in relation to the £105 million takeover of Penna Consulting Plc by Olsten (U.K.) Holdings Limited, a wholly owned indirect subsidiary of Adecco S.A.

Adecco is a world leading provider of HR solutions and believes that the acquisition of Penna, a global people management business, will broaden Adecco's range of services in the UK and elsewhere.

Smith Square Partners is acting as financial adviser to Adecco in relation to the transaction.

Clifford Chance has advised UniCredit Bank AG and ING as mandated lead arrangers on the financing of the aquisition of d&b audiotechnik by Ardian from the investment companies Odewald & Compagnie and COBEPA. The parties have agreed not to disclose further details of the transaction. The acquisition is subject to approval by the relevant antitrust authorities.

Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. of $4 billion aggregate principal amount of its senior notes in three tranches due 2021 (floating rate), 2021 and 2026 (fixed rate). SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.

Simpson Thacher recently represented the international joint lead managers in connection with a follow-on offering of AEON REIT Investment Corporation, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥26 billion (US$228 million) for the issuer, which was used with bank financing towards the acquisition of five new properties. Nomura International plc, Mizuho International plc and J.P. Morgan Securities plc acted as international joint lead managers for the offering.

Milbank, Tweed, Hadley & McCloy LLP has advised the banking consortium on the financing of the acquisition of Medi-Globe Corporation by a consortium led by the English Private Equity Fund Duke Street.

Jones Day advised a syndicate of lenders formed by Banco Bilbao Vizcaya Argentaria, Banco Santander, Caixabank, Bankia, Banco Sabadell, and the Instituto de Crédito Oficial (ICO) in connection with the €239 million (US$263.3 million) refinancing of a thermosolar plant with a total generating capacity of 49.9 MW located in Badajoz, Spain, and promoted by Elecnor, S.A., a Spain-based company engaged in the promotion, development and administration of projects within the energy, telecommunications, transport and environmental sectors.

Cravath represented European Investment Bank in connection with its US$3.5 billion registered debt offering. European Investment Bank is a long-term financing institution of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on March 8, 2016.

The Cravath team included partner Philip J. Boeckman and associates Winnie Ling and Lawrence J. Verhelst.

Baker & McKenzie has provided legal assistance to Ambienta in acquiring a majority stake in SF-Filter AG, Zurich; the SF-Filter group is a successful specialist for filter solutions with yearly sales of about CHF 80 m.

Ambienta is a leading European private equity fund operating out of Milan, Düsseldorf and London, focused on industrial growth. Ambienta invests in companies driven by environmental trends. With funds under management of over €500 million, it is the largest European private equity fund operating in its field.

At the Extraordinary Shareholders' Meeting held on 29 February 2016, the shareholders of Züblin Immobilien Holding AG approved a reverse stock split at a ratio of 450 to 1. The last trading day of the old registered shares with a nominal value of CHF 0.05 on the SIX Swiss Exchange was 3 March 2016, the listing and first trading day of the new registered shares with a nominal value of CHF 22.50 was 4 March 2016, and settlement took place on 8 March 2016.

On February 22, 2016 and March 4, 2016 respectively, UBS placed two further issuances of "Bail-inable Bonds", a class of newly designed senior debt instruments. The first issuance, consisting of CHF 300,000,000 0.75 per cent. Senior Notes due February 2022 and CHF 150,000,000 1.25 per cent. Senior Notes due February 2026, and the second issuance, consisting of EUR 750,000,000 2.125 per cent. Senior Notes due March 2024, were both issued by UBS Group Funding (Jersey) Limited (together, the "Notes"), and are each guaranteed by UBS Group AG ("UBSG").