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Finance & Banking

Ashurst advises on £258 million takeover of Jelf Group

14 Sep 2015

Ashurst is advising Goldman Sachs in relation to the £258 million recommended cash acquisition of Jelf Group plc by Marsh & McLennan Companies Acquisition Ltd, a wholly owned indirect subsidiary of Marsh & McLennan Companies, Inc.

The Marsh group is a global leader in insurance broking and risk management. Founded in 1989, 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.

Vinge advises 24/7 Customer on acquisition of Campanja AB

14 Sep 2015

Vinge advises 24/7 Customer (Financial Services) Limited on Swedish law matters in connection with its acquisition of Campanja AB. The transaction was closed on 24 August 2015.

Vinge’s team consists of M&A partners Peter Sundgren and Johan Winnerblad, associates Carl Sander (M&A), Per Nydén and Evelina Tejle (employment & benefits), Josefin Larsson (banking & finance), Emilie Parland (tax) and Rebecka Weitzberg (intellectual property).

Corporate team advises on Redhall Group’s placing and open offer

14 Sep 2015

Walker Morris has advised Altium Capital, as nominated adviser, and WH Ireland, as broker, on the placing and open offer by the manufacturing and specialist services group, Redhall Group plc, to raise £5.8 million.
The Placing Shares are being placed with new and existing institutional and other shareholders by WH Ireland at a price of 5 pence per share.
In addition, Alphagen Capital (formerly Henderson Alternative Investment Advisor), HSBC Bank plc and the Company have entered into an agreement to capitalise £3 million of debt, at 5 pence per share.

Clifford Chance advises Marshall Wace on the formation of a long-term strategic partnership with KKR

10 Sep 2015

Clifford Chance today announces that it advised Marshall Wace, a leading global liquid alternatives manager, on its long-term strategic partnership with KKR announced earlier today.

Under the terms of the agreement made between them, KKR will acquire at closing, expected later this year, a 24.9% interest in Marshall Wace for an undisclosed sum through a combination of cash and KKR common units.  In addition, KKR and Marshall Wace each has the option to grow KKR’s ownership interest in Marshall Wace over time to 39.9%.

WOLF THEISS ADVISES VTB BANK (AUSTRIA) AG ON A SUCCESSFUL CAPITAL INCREASE OF EUR 200 MILLION

10 Sep 2015

VTB Bank (Austria) AG ("VTBA") has successfully increased its Common Equity Tier 1 capital ("CET 1") by way of a capital increase in the amount of EUR 199,995,107.00 up to a total of EUR 412,671,129.00.

The capital increase of VTBA was registered with the Austrian Commercial Register (Firmenbuch) at the Commercial Court (Handelsgericht) of Vienna on 4 September 2015.

Ashurst advises on landmark A$60m FinTech securitisation and equity funding

08 Sep 2015

One of Australia's leading financial technology companies, Prospa, has recently completed a A$60 million debt and equity fund raising. The debt was provided by way of a A$50 million warehouse securitisation investment by The Carlyle Group. The capital injection was provided by a consortium, including The Carlyle Group and Ironbridge Capital.

Finance partner Jennifer Schlosser led the team advising The Carlyle Group, and Corporate partner David Stammers led the team advising Ironbridge Capital and the other equity investors.

Milbank advises Senior Lenders on Financing of Landmark Methanol and DME Project in Trinidad and Tobago

08 Sep 2015

Milbank, Tweed, Hadley & McCloy LLP represented the senior lenders, Japan Bank for International Cooperation (JBIC) and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) as mandated lead arranger, on the $693 million financing for the development of a world-scale methanol plant and an associated di-methyl ether (DME) production facility at Union Industrial Estate, La Brea, in Trinidad and Tobago. Total project costs are estimated at $1 billion.

Ashurst advises Proventus Capital Partners and Rantum Capital Partners on the granting of a loan to Natsu Foods

07 Sep 2015

Ashurst advised a fund managed by Proventus Capital Partners and a fund managed by Rantum Capital Partners on the granting of a loan to partially fund Natsu Food GmbH & Co. KG's ("Natsu") acquisition of the Netherlands-based Qizini Group B.V. ("Qizini").

PLMJ advises on the sale of Barclays’ Portuguese operation to Spanish bank Bankinter

07 Sep 2015

PLMJ is the law firm responsible for advising Barclays on the sale of its Portuguese operation to the Spanish bank Bankinter. The deal was led by Hugo Rosa Ferreira, the partner who heads PLMJ’s banking and finance practice and the firm’s UK Desk. He worked with a multidisciplinary team of more than 30 PLMJ lawyers from practice areas including banking and finance, corporate and M&A, employment law, litigation, tax, regulatory and competition, TMT and real estate.

DWF advises Wealth at Work on significant acquisition

07 Sep 2015

DWF has advised financial services company Wealth at Work on the acquisition of Newport-based Life Academy, an education and employee engagement programme provider.

Life Academy is a leading provider of financial education, life planning and employee engagement programmes, and delivers face-to-face and online support for a strong client base in both the private and public sectors. The acquisition will strengthen Wealth at Work’s offering and increase market share for the Liverpool-based business.