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Finance & Banking

Baker & McKenzie advises Carnegie in the IPO of Catena Media

24 Feb 2016

Founded in 2012, Catena Media is a European marketing and lead generation company, primarily active in the online gaming and online casino industries. The company's business concept is to assist clients to generate traffic to their websites, by using a wide range of online channels. Headquartered in Slierna, Malta, Catena Media currently employs more than 85 people and primarily operates in Sweden, Norway, Finland, the UK and the Netherlands.

BTG Pactual to sell BSI SA to EFG International

24 Feb 2016

On February 21, 2016, Banco BTG Pactual S.A. (BTG Pactual) and EFG International AG (EFGI), the listed Swiss private wealth manager, entered into a definitive agreement regarding the sale and purchase of all the shares of BSI SA, a Swiss private bank with headquarters in Lugano. The purchase price consists in a cash payment of CHF 975 million and, subject to dilution adjustment, 52.6 million listed EFGI shares to be created by way of a contribution in kind. The transaction creates a leading Swiss-based wealth and asset management group with approx.

Heuking Kühn Lüer Wojtek advises Meridio on restructuring and combined cash and non-cash capital increase

23 Feb 2016

A team led by Dr. Thorsten Kuthe, Partner at business law firm Heuking Kühn Lüer Wojtek, legally advised Meridio Vermögensverwaltung AG on restructuring the company and on a combined cash and non-cash capital increase of up to 15,750,000 euros.
 
In a spin-off, the company’s entire assets, including the business operations, will be transferred to wholly-owned subsidiary MERIDIO ZIBA AG, headquartered in Cologne. Previous Meridio Vermögensverwaltung AG is to act as a group holding company in the newly created group structure.
 

Wierzbowski Eversheds advises on Work Service listing on London Stock Exchange

23 Feb 2016

Wierzbowski Eversheds advised Capita IRG Trustees Ltd, which organized the process of listing in London for Work Service and serves as depositary in the structure.

“Our law firm provided comprehensive support to Capita IRG Trustees Ltd in connection with the transaction,” said Dr Krzysztof Haladyj, a partner at Wierzbowski Eversheds. “It was a highly complicated project, requiring solutions to numerous issues at the intersection of Polish and English regulations connected with the dual listing of Work Service on the London Stock Exchange.”

Slaughter and May is advising CICC - privatisation offer by Profit Strong Investments Limited and Max Glory Limited for Dongpeng Holdings Company Limited

23 Feb 2016

Slaughter and May, Hong Kong, is advising China International Capital Corporation Hong Kong Securities Limited (CICC) in its capacity as financial adviser and as lender of a certain funds facility in relation to the privatisation offer by Profit Strong Investments Limited and Max Glory Limited for Dongpeng Holdings Company Limited (Dongpeng) to be implemented by way of a pre-conditional scheme of arrangement (the Scheme). The pre-conditional offer was announced on 18 February 2016.

WFW advised HSH Nordbank on €30.2m Finnish wind park project financing

23 Feb 2016

Watson Farley Williams (“WFW”) has advised HSH Nordbank AG (“HSH Nordbank”) on the financing of the Finnish onshore wind park “Silovuori“.

HSH Nordbank provided a long-term financing of €30.2m to developer ABO Wind AG (“ABO Wind”) for ”Silovuori”, which is located 100 km to the south of the town of Oulu.

United Bankers Plc: Acquisition of Majority Stake in Quorum Lainoittaja Oy

22 Feb 2016

We were legal counsel to the United Bankers Plc group in an arrangement in which UB’s subsidiary UB Asset Management Ltd acquired a majority stake in Quorum Lainoittaja Oy. UB purchased 60 % of the outstanding share capital of Quorum Lainoittaja Oy from Quorum Vaihtoehtorahastot Oy. Quorum Lainoittaja Oy is the general partner in Quorum Yritysrahoitusrahasto I Ky l fund. Following the acquisition, the company’s name will be changed to UB Yritysrahoitus Oy and the fund’s name to UB Yritysrahoitusrahasto I Ky. The C&S team was led by Jarno Tanhuanpää.

A Facilities Agreement with Non-UCITS Fund Erikoissijoitusrahasto eQ Hoivakiinteistöt

22 Feb 2016

We acted as counsel to Nordea, Aktia Bank p.l.c., Ilmarinen, LocalTapiola General Mutual Insurance Company and LocalTapiola Mutual Life Insurance Company in a large finance arrangement in which Erikoissijoitusrahasto eQ Hoivakiinteistöt signed a facilities agreement with the aforementioned financiers.

The C&S team included Partner Tero Tuomisto, Senior Associate Antti Rintakoski and Associates Riikka Mustonen and Niko Johansson.

Shearman & Sterling Advises on the Financing of the Acquisition of Melita

22 Feb 2016

Shearman & Sterling advised BNP Paribas, as arranger and lender, and various lending institutions, as lenders, on the senior financing of the acquisition of Maltese telecommunications operator Melita by private equity firms Apax Partners and Fortino Capital from GMT Communications Partners, MC Venture Partners, Gasan Group and Blackrock Communications. 

A pool of banks arranged the senior financing through a €135 million credit agreement, while the €40 million second-lien financing took the form of an English-law notes issuance.