De Brauw was lead counsel to ABN Amro on the spin-out and sale of part of its private equity activities. Find details to the deal below.
Client name
ABN AMRO
Other parties involved
AlpInvest, LGT, Five Arrows (FASO), Bregal, Capital A
Nature of transaction
Lowell has signed an agreement to sell its Nordic payment business, Lindorff Payments, to Collector Bank AB. By divesting Lindorff Payments, Lowell will focus on its core business services of third party collection, debt purchasing and the related invoicing and information services. The completion of the deal is expected before the end of the year.
Leading international law firm Clifford Chance has advised BNP Paribas, Citigroup and MUFG as joint global coordinators and BNP Paribas, CIMB, Citigroup, Maybank, MUFG, SMBC Nikko and Standard Chartered Bank as joint bookrunners and joint lead managers on the US$4 billion bond issuance by Indonesian state-owned mining company PT Indonesia Asahan Aluminium Persero (Inalum).
The deal is the largest-ever US dollar corporate security from a non-financial issuer in Indonesia and among the largest in Asia this year.
Advising BNP Paribas and a syndicate of international banks on the extension and increase to US$500 million of a pre-export secured revolving facility to Ferrexpo
Kyiv—A multi-jurisdictional Dentons team has advised BNP Paribas and a syndicate of international banks on the extension and increase to US$500 million of a pre-export secured revolving facility to Ferrexpo.
DLA Piper has advised one of China's biggest financial conglomerates, Ping An Global Voyager Fund on its EUR 41.5 million investment in finleap, Europe's largest fintech company builder. This is Ping An's first venture into continental Europe. Ping An joins a list of strategic investors in finleap, including Hannover Re, SIGNAL IDUNA, NIBC, MS&AD Ventures and SBI.
Global law firm Norton Rose Fulbright has advised Bank ABC and a syndicate of banks on a £250 million senior Islamic facility for the development of a London property known as Regent’s Crescent, in the largest Shariah-compliant financing in the UK for several years.
Trowers & Hamlins has advised impact investing platform, The Big Exchange, on its initial fundraising of at least £1 million. The Big Exchange, whose founders include The Big Issue Group, Aberdeen Standard Investments, Columbia Threadneedle, Alliance Bernstein and Alquity, aims to launch a mobile-first investment platform designed to bring social and environment impact funds directly to a retail audience.
Watson Farley & Williams (“WFW”) advised Norddeutsche Landesbank (“Nord/LB”) on the project financing of Sweden’s second largest onshore wind farm, and one of Europe’s largest onshore wind clusters. The financing includes an envisaged ECA backing by Germany’s Euler Hermes.
International law firm Ashurst's high yield team in London advised the sole bookrunner on the debut high yield offering of €255 million of senior secured floating rate notes due 2023 by Groupe Ecore, one of the leading players in France in the metal recycling market.
On 13 November, our Madrid Finance team led by partner Fernando Navarro completed our advise to Caixabank, S.A. and Allianz in relation to the syndicated financing of up to €135,000,000 granted by Caixabank and Allianz to Espacio Caleido, S.A. for the construction and operation of the Fifth Tower (in Spanish La Quinta Torre) to be called "Caleido", to be located in the Cuatro Torres Business Center Area in Madrid, consisting of:
A tower with a GLA of approximately 50,500 sqm. fully leased to Instituto de Empresa University ("IEU").