Linklaters has advised on the sale of the payments business of Great Indian (GI) Retail Group to Wirecard AG, the German payments company. Founded in 2006, GI Retail Group is one of India’s and South East Asia’s leading electronic payment and retail-assisted e-commerce groups.
White & Case LLP has advised a consortium of banks consisting of Bank Zachodni WBK S.A., Bank BGZ BNP Paribas S.A., Bank Gospodarstwa Krajowego, Bank Polska Kasa Opieki S.A. and mBank S.A. on the financing in the form of a revolving credit of up to PLN 700 million (around US$180 million) for Eurocash S.A.
The funds made available to Eurocash will be used to repay part of its existing short term financial debt and for the company’s general corporate purposes.
Milbank, Tweed, Hadley & McCloy LLP has advised Visa Inc. on its agreement to acquire Visa Europe, creating a single global payments business.
The transaction consists of upfront consideration of €16.5 billion with the potential for an additional earn-out of up to €4.7 billion, including interest, payable following the fourth anniversary of closing, for a total value of up to €21.2 billion. Both companies’ boards were unanimous in their support of the transaction.
J.P. Morgan has sold the Library Solutions business to funds advised by the private equity company One Equity Partners (“OEP”). The transaction is related to the sale of the Library Solutions business by 3M. The acquirer in this transaction is also OEP.
Davis Polk advised the joint lead managers in connection with the issue of RMB5 billion 3.10% bonds due 2016 by The People’s Bank of China.
The People's Bank of China is the Central Bank of the People's Republic of China. The People’s Bank of China under the leadership of the State Council, is responsible for formulating and implementing monetary policy, preventing and mitigating financial risks and safeguarding financial stability.
Macfarlanes has advised Visa Inc. on its acquisition of Visa Europe Limited, in a transaction with up-front consideration of approximately €16.5 billion and the potential for an additional earn-out of up to €4.7 billion (including interest) following the fourth anniversary of closing, for a total value of up to €21.2 billion.
Herbert Smith Freehills has advised the Joint Lead Managers of AMP Limited’s (AMP) offer of new Tier 1 hybrid securities known as AMP Capital Notes 2 (AMPCN2), which are fully paid, perpetual, unsecured, subordinated, non-cumulative, mandatorily convertible notes issued by AMP (Offer). The Offer was intended to raise A$200 million, but was increased to at least A$230 million following the institutional bookbuild.
AMPCN2 are offered at an issue price of A$100.
White & Case LLP has advised a consortium of senior lenders consisting of the European Investment Bank, BNP Paribas Fortis, Rabobank, SMBC, Mizuho Bank, EKF and GIEK, on the provision to Nobelwind of €460 million in funding for the €655 million construction and operation of a 165 megawatt offshore wind farm located on the Bligh Bank, around 46km off the Belgian coast.
Shearman & Sterling advised the underwriters, led by Bank of America-Merrill Lynch, Citigroup, Banca IMI, Mediobanca and Unicredit, with respect to the international aspects of Poste Italiane’s €3.4 billion IPO and the listing of its ordinary shares on the Milan Stock Exchange.
Baker & McKenzie recently acted as the regulatory counsel advising AXA in the disposal of its pension business in Hong Kong and the regulatory approval process. AXA and Principal Financial Group (Principal) entered into an agreement for the sale of AXA's Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) businesses in Hong Kong. AXA and Principal also entered into a 15-year exclusive distribution agreement under which AXA will distribute the MPF and ORSO schemes through AXA's proprietary networks in Hong Kong.