Gide has advised the Agricultural Bank of China (ABC), one of China’s Big Four banks, on the establishment of the Sino-Congolese Bank for Africa (BSCA), a new universal commercial bank in the Republic of Congo, along with the Congolese government and other public and private partners.
Slaughter and May is advising the UK Green Investment Bank (GIB) on its privatisation. The transaction will involve both the sale of existing shares owned by the Government and also the commitment of additional capital for GIB by new investors.
Shearman & Sterling advised Pemberton Capital Advisors, Avenue Capital Group and Permira Debt Managers as senior mandated arrangers on the €100 million refinancing of Delsey Group. The refinancing was in the form of unitranche English-law notes.
The refinancing of the French travel luggage group Delsey will further support and enhance the company’s strong growth ambitions globally and will be used to refinance the group's existing debt.
Norton Rose Fulbright has advised Hastings Funds Management Limited (Hastings) on the refinancing of a portfolio of operating solar PV ground mounted and rooftop assets, developed and operated by Hazel Capital LLP in the UK. The refinancing reached financial close on 2 March 2016.
The proceeds of the loans were used for the refinancing of construction and development costs incurred in connection with the development of the portfolio. The portfolio has a combined capacity of 11.413 MW and will generate electricity equivalent to the needs of around 5,000 homes.
Slaughter and May advised Deutsche Bank AG on the sale of a £396mm portfolio of UK residential mortgage loans by DB UK Bank Limited, a UK-based subsidiary of Deutsche Bank AG, to Rochester Mortgages Limited (RML), a subsidiary of OneSavings Bank plc (OSB), and its subsequent securitisation by Rochester Financing No.2 plc (Rochester 2).
White & Case LLP has advised BNP Paribas, Natixis and Crédit Agricole Corporate and Investment Bank as global coordinators, physical bookruners and mandated lead arrangers, Société Générale Corporate and Investment Banking as bookrunner and mandated lead arranger, and Arkéa Banque Entreprises et Institutionnels as mandated lead arranger, on the financing of the acquisition of healthcare group Vivalto Santé by a group of shareholders led by CDC International Capital, Mubadala Development Company, MACSF, Arkéa Capital Partenaire, BNP
Onorato Armatori S.p.A, the parent company of the Moby group, a leader in the Italian maritime transportation sector, has issued nonconvertible senior secured notes for an aggregate principal amount of €300 million due 2023. In addition, in connection with the transaction, Onorato Armatori and its subsidiaries Moby S.p.A. and Compagnia Italiana di Navigazione S.p.A entered into a €260 million pari passu secured term loan and revolving credit facility.
Dubai—Dentons Middle East Banking team has been recognised for the second time this year for advising financial institutions on award-winning transactions in the market, with leading financial publications IFN and emeafinance both acknowledging the team's expertise.
Norton Rose Fulbright has acted for Peel Hunt as sponsor and for Peel Hunt and J.P Morgan Cazenove as joint bookrunners on a placing by Redefine International plc which raised gross proceeds of approximately £115 million to finance the acquisition of the second tranche of a property portfolio.
The placing occurred in both the UK and in South Africa.
Redefine International plc is a FTSE 250 income focused UK REIT and is listed on the London Stock Exchange.
Freshfields Bruckhaus Deringer has advised the Asian Development Bank (ADB), Credit Guarantee & Investment Facility (CGIF) and the Bank of the Philippine Islands (BPI) on the issuance of US$225m bonds by AP Renewables, Inc., a subsidiary of AboitizPower Corporation, for the Tiwi-MakBan geothermal power facilities.
Freshfields advised ADB in its capacity as guarantor and lender, CGIF as the second-loss cover provider and BPI as arranger, intercreditor agent and initial noteholder.