Slaughter and May is advising UK Asset Resolution (UKAR) on the sale of a £13bn asset portfolio to Cerberus Capital Management.

The sale comprises performing and non-performing residential mortgages and unsecured loans from the legacy book of NRAM, the former Northern Rock mortgage business. Due to the complex nature of the Granite securitisation programme created by Northern Rock, the transaction has been structured in such a way that, subject to regulatory approval, Cerberus will purchase NRAM plc.

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King & Wood Mallesons (KWM) has advised China International Capital Corporation Limited (CICC) on its successful listing on the Main Board of the Hong Kong Stock Exchange on 9 November 2015. CICC issued a total of 611 million H shares (before issuing further H shares pursuant to an overallotment option), with an offer price of HK$10.28 per share. In its listing, CICC raised approximately HK$5.485 billion.

Shoosmiths LLP advised the shareholders and the management team of Mortgages Made Easy Limited on the acquisition of Contractor Financials Limited and the additional investment for growth by Livingbridge.

Fieldfisher advises French Development Agency on investment into Indian solar energy specialist.

Fieldfisher, led by corporate partner Christine Phillips, has  advised Proparco, the French Development Agency, on its further equity investment in Azure Power, one of India’s solar energy specialists.  Proparco made an equity investment of €7m to enable Azure Power to reach critical mass and win new competitive bids which could potentially quadruple its production capacity.  

Lawyers from Dentons’ Banking and Finance practice advised Bank Pekao SA on financing the acquisition of the 5-star Sheraton Warsaw Hotel. The cross-border transaction, supervised by partner Mateusz Toczyski, was closed on 28 October 2015.

Berwin Leighton Paisner (BLP) has advised Barclays Bank PLC and The Royal Bank of Scotland PLC on a brand new secured term loan and revolving credit facility of up to £100m for Restore Plc.

Alongside £32m of funds raised from placing led by Cenkos, the main purpose of this facility is to finance Restore’s acquisition of Wincanton Records Management Limited for an enterprise value of £60m (expected to complete on 8 December 2015). Additionally, at the same time, this will refinance Restore’s outstanding existing indebtedness.

Inte Freshfields Bruckhaus Deringer has advised a consortium of underwriters on the HKD$6.28bn (US$811m) IPO of China International Capital Corporation Limited (CICC).

Trading in CICC commenced on the Hong Kong Stock Exchange on 9 November.

Originally established in 1995, CICC is one of China’s leading investment banks.

Freshfields advised the consortium of underwriters, led by China International Capital Corporation Hong Kong Securities Limited, and advised on both the Hong Kong and US aspects of the listing.

McCann FitzGerald are advising Bank of America Merrill Lynch and Goldman Sachs on the provision of a US$2.3 billion term loan for the part financing of the proposed, recommended acquisition of King Digital Entertainment plc – maker of Candy Crush Saga - by Activision Blizzard, Inc., by means of a scheme of arrangement under Irish law. The consideration payable values the entire issued and to be issued share capital of King Digital Entertainment at approximately US$5.9 billion.

Arval, a subsidiary of BNP Paribas, completed the acquisition of GE Capital's European fleet services business. With this acquisition, Arval becomes number one in Europe in full service multi-brand vehicle leasing. The scope of the transaction included more than 160,000 vehicles in 12 European countries, with total vehicles assets amounting to around EUR 2.4 billion. The deal is part of a global transaction in which Element Financial, Arval's strategic partner in North America, acquired GE Capital Fleet Services’ businesses in the United States, Mexico, Australia and New Zealand.

Ashurst has advised Sankaty Advisors, LLC (Sankaty) and Deutsche Bank Sydney Branch (DB) as the winning consortium on the acquisition of the Australian and New Zealand commercial finance business of GE Commercial Finance.