Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Swiss Re Ltd in connection with the issue by Demeter Investments BV of US$ 700,000,000 Fixed-to-Floating Rate Non Step-Up Callable Notes with a scheduled maturity in 2050 issued under its Secured Note Programme and secured by, among other things, a Facility Agreement entered into with Swiss Re Ltd and up to US$ 700,000,000 Subordinated Fixed-to-Floating Rate Non Step-Up Callable Loan Notes with a scheduled maturity in 2050.

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Allen & Overy LLP advised COMMERZBANK International S.A. as the agent and the Luxembourg branch of COMMERZBANK Aktiengesellschaft as security agent of the lenders of Atlantik S.A. in connection with the reverse takeover within the Pfleiderer Group.
 

As of December 3rd, an innovative new platform facilitating the origination of and investment in Dutch mortgage loans established by Dynamic Credit is live. By assisting Dynamic Credit, NautaDutilh has now assisted four out of the five of the new entrants to the mortgage market.

On 7 December 2015, Belgian bank Crelan and French bank Crédit Mutuel Arkéa entered into an exclusivity agreement in view of the acquisition by the latter of all of Belgian online banking leader Keytrade Bank’s activities, including in Switzerland. The transaction is to be implemented in the course of the first quarter of 2016 and will enable Crédit Mutual Arkéa to continue its expansion in all fields of digital banking.

Stibbe advises ABN AMRO, Deutsche Bank and Morgan Stanley (as joint global coordinators) and the other underwriters on the IPO of ABN AMRO.

Macquarie and InfraVia acquire stake of Cajamar, Azvi and Sando

A consortium formed by the Australian investment fund Macquairie and the French InfraVia has acquired 39% of the Málaga metro, after buying the shares of Cajamar (18.86%), Azvi (12%) and Sando (8.57%), through the Sevillian subsidiary Cointer. The transaction cost €108 million, which means the Málaga metro is now worth €274 million.

Credit Suisse Group AG successfully completed its right offering by issuing 260,983,898 new registered shares generating gross proceeds of CHF 4.7 billion. Credit Suisse acted as Global Coordinator (no firm underwriting). The banking syndicate was led by Citigroup, HSBC Bank plc and Société Générale Corporate & Investment Banking that acted as Joint Lead Managers and Joint Bookrunners.

Watson Farley & Williams (“WFW“) has advised Banco Popolare Soc. Coop. in relation to the financing of Alessandria Calore S.r.l., a joint venture between Ente Gestione Energia e Ambiente S.p.A. and Compagnia Italiana Energia S.p.A., a Gruppo Gavio’s company. The funds will finance the construction and operation of a thermal power plant fuelled by natural gas.

Olswang has advised ESF Capital, a new peer to peer (P2P) investment and operating business initiated by European investment firm, ESO Capital, on its equity fund raise backed by leading UK and US institutions. 

Simultaneously, Olswang has also advised on the complex suite of technology platform contracts required by ESF Capital as part of its acquisition of a 73.4% stake in ThinCats, Europe’s largest SME secured lending platform, which has lent more than £140m since its foundation five years ago.

The Clifford Chance Dubai and Istanbul offices recently advised the joint lead managers on Albaraka Turk's US$250 million subordinated Tier 2 trust certificates issuance listed on the Irish Stock Exchange. The issuance marks the first Basel III compliant Tier 2 sukuk issuance out of Turkey.