DLA Piper has advised KGAL group on the acquisition of a commercial property in Munich, known as MK5. The property is in a central location on Theresienwiese and forms part of an inner-city new development area on the former trade fair site of Munich City Council. The property is the eighth investment for the Immobilien-Spezial alternative investment fund.
Reed Smith has advised IPF Partners on the French law debt refinancing for French surgical technology group SpineGuard.
IPF Partners, a leading alternative financing provider focused on the European healthcare sector, provided the debt which has been used to refinance the existing debt provided by Norgine and fund the company’s growth. The transaction is structured as a private placement governed by French law and subscribed for by a foreign investor.
Davis Polk advised the initial purchasers of a Regulation S offering of high-yield notes by Evergrande Real Estate Group Limited of $300 million aggregate principal amount of its 8.0% senior notes due 2019.
Evergrande Real Estate Group Limited, listed on the Hong Kong Stock Exchange, is one of the largest developers of residential property projects in different cities across China. Founded in Guangzhou, Guangdong Province in 1996, it has become a leading national property developer in China through its economies of scale and widely recognized brand name.
Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a medium-term note program update and a benchmark takedown, which consisted of $750 million aggregate principal amount of 2.05% senior notes due 2019 and $500 million aggregate principal amount of senior floating-rate notes due 2019, each guaranteed by Sumitomo Mitsui Banking Corporation’s New York branch.
Sumitomo Mitsui Banking Corporation is one of the largest banks in the world by assets.
Cravath represented European Investment Bank in connection with its US$4.5 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 January 12, 2016.
The Cravath team included partner Philip J. Boeckman and associates Giacomo Reali and Lawrence J. Verhelst.
Stibbe advises Heijmans, BNG Bank and NWB Bank in connection with the refinancing of the National Military Museum PPP.
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David Orobio de Castro
Northill Capital, the UK-based asset management firm, has agreed to acquire a majority interest in the Danish industry-leading European high yield manager Capital Four. Plesner has acted as lead legal advisor to Northill Capital.
Capital Four was founded in 2007 and manages European high yield strategies across High Yield Bonds, Leveraged Loans, Credit Long/Short and Direct Lending predominantly on behalf of institutional investors. Capital Four is the largest independent high yield investment manager in Europe with approximately EUR 6 billion of assets under management.
We advised a consortium of international financial institutions led by the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) on the Cyprus law aspects of a USD1 billion project financing for the second stage of the of the Shah Deniz gas development project in Azerbaijan. The borrower is Lukoil Overseas Shah Deniz Ltd (LOSD), a subsidiary of Lukoil PJSC, Russia's second largest oil company.
During 2014 we acted as Cyprus counsel for Rabobank in connection with facilities extended to VTTI, a joint venture between a Swiss company, Vitol Group and a Malaysian company, MISC Berhad, to finance a € 300 million oil storage terminal at Vasilikos, on the south coast of Cyprus. Rabobank is a banking and financial services company headquartered in Utrecht, Netherlands. The terminal, which began operations in November 2014, is strategically located, connecting Europe and the Black Sea with markets in the Middle East and Asia.
Simmons & Simmons is advising RBC Capital Markets as sponsor, Deutsche Bank, Panmure Gordon as joint global co-ordinators and, together with Barclays, joint bookrunners on a £232.6m rights issue in RPC Group Plc, the international rigid plastic packaging supplier to the food and non-food, consumer and industrial markets, as part of the funding for its proposed €650m (£470m) acquisition of GCS Group, a global manufacturer of closure and dispensing systems for packaging products.