Banco BTG Pactual S.A. (BTG Pactual) and Participatie Maatschappij Graafschap Holland NV, a wholly-owned subsidiary of Assicurazioni Generali S.p.A. (Generali), successfully completed the sale and purchase of all shares of BSI SA, a Swiss private bank with headquarters in Lugano. The acquisition by BTG Pactual creates a group with USD 186 billion in assets under management and 5,400 employees in 29 countries. The successful conclusion of the transaction comes after the obtaining all of the regulatory approvals, including from FINMA and the Brazilian Central Bank.

Norton Rose Fulbright has advised Minsheng Financial Leasing Co., Ltd on the financing and leasing of three 19,224 TEU container vessels. These “mega box carriers” are the largest container ships in the world.

The size of one 19,224 TEU carrier is equivalent to 4 combined football fields.

Delivery of the first vessel took place on 19 August 2015 in Okpo, Korea, with all parties present.

Jonathan Silver, partner, Norton Rose Fulbright commented:

Norton Rose Fulbright is advising UK independent insurance broker Jelf Group plc (Jelf) on its recommended acquisition by a group company of global insurance broker and risk advisor Marsh & McLennan Companies Inc (Marsh).

Under the terms of the offer, shareholders in Jelf will receive 215p per share, valuing Jelf at approximately £258 million.

Jelf has 37 offices across the UK and provides expert advice to over 100,000 businesses and individuals on matters relating to insurance, healthcare, employee benefits and financial planning.

Norton Rose Fulbright has advised German financial services group Wustenrot & Wurttembergische AG (W&W) on the sale of its Czech subsidiaries to Allianz Group pojistovna, a.s. (Allianz).

The sale of the two subsidiaries – non-life insurer Wustenrot pojistovna and life insurer Wustenrot zivotni pojistovna – will be effective retroactively as of January 1, 2015. The transaction is still subject to competition clearance and the approval of the Czech National Bank.

Clifford Chance has advised the lead managers BofA Merrill Lynch, CITIC CLSA Securities, SBI Capital Markets and Axis Capital on the approximately US$600 million Regulation S / Rule 144A qualified institutions placement of 56,934,372 equity shares at Rs.702 per share of Indiabulls Housing Finance Limited (IHFL). IHFL is listed on the BSE Limited and the National Stock Exchange of India Limited.

Partner Rahul Guptan led on the deal and said, "We were very pleased to advise on one of the Indian equity capital market's largest trades so far this year."

Eversheds has advised CRDB Bank Plc, the largest domestic bank in Tanzania, on its capital raising of approximately US$78 million through a fully underwritten rights issue on the Dar es Salaam Stock Exchange.

The net proceeds of the rights issue will be used primarily to maintain CRDB’s capital adequacy ratio as required by the Bank of Tanzania in line with the implementation of CRDB’s 5 year strategic plan, to fund network expansion in Tanzania and the wider region and to invest in IT systems and processes for efficiency improvement.

Herbert Smith Freehills has advised the international bank syndicate on the financing for H.R.L Morrison & Co’s acquisition of a 50% interest in the largest wind farm in the southern hemisphere, Macarthur Wind Farm in western Victoria.

H.R.L Morrison & Co purchased the 50% stake from AGL Energy Limited for A$532 million, with project financing secured from the bank syndicate which comprised of: National Australia Bank (NAB); BNP Paribas; The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG); ING Bank (Australia) Limited; and Mizuho Bank, Ltd.

US$56 million IPO of the first dairy company to list in India and US$42 million IPO of Power Mech Projects Limited; one of the most subscribed offerings in India in 2015   

(SINGAPORE – 14 September, 2015) – Squire Patton Boggs in Singapore has announced that it has advised on a brace of transactions; advising on the US$56 million Initial Public Offering (IPO) of Prabhat Dairy Limited, the first Indian dairy company to list publicly, and the US$42 million IPO of Power Mech Projects Limited, one of the most subscribed offerings in India this year.

Debevoise & Plimpton is advising Standard Chartered as it enters into a 15-year distribution partnership with Manulife, providing Manulife the exclusive right to offer its Mandatory Provident Fund (MPF) product to Standard Chartered’s customers in Hong Kong. Manulife will also acquire Standard Chartered’s existing MPF and Occupational Retirement Schemes Ordinance (ORSO) businesses, and the related investment management entity.

The transaction is expected to close in the first half of 2016, subject to the receipt of relevant regulatory approvals.

SKG  Bank  (Saarbrücken)  merged  into  DKB  Bank (Berlin)  in  mid-July  2015.  In  the  future,  it  will  focus  on  the installment credit business. DKB obtained detailed legal advice on the merger from the law firm of Luther Rechtsanwaltsgesellschaft mbH.