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Finance & Banking

WFW advises on the restructuring of €23.5 million financing of Solar Investment Group’s 6.2 MW solar portfolio

07 Aug 2015

Watson Farley & Williams (“WFW”) has advised UBI Banca on the amendment of the respective finance documents and ancillary financial documentation for two separate projects’ financial facilities equal to, in aggregate, €23.5 million and provided to two Italian energy producers, Energia Sviluppo Toscana S.r.l. and Possidente Energie S.r.l., which are special purpose vehicles held entirely by Solar Investment Group (“SIG BV”).

WFW advises Iccrea BancaImpresa on Vremar’s financing

07 Aug 2015

Watson Farley & Williams (“WFW”) has advised Iccrea BancaImpresa in the financing of Vremar for the acquisition of a crew boat vessel from a leading international operator.

Iccrea BancaImpresa is the corporate bank of Credito Cooperativo, which is a subsidiary of Iccrea Holding. Vremar is a company operating in the maritime field, which provides offshore services to companies involved in the oil and gas sector.

Dentons advises Union Investment on its acquisition of Radisson Blu in Wroclaw, Poland

07 Aug 2015

Dentons’ Real Estate team advised Union Investment on the acquisition of the five-star Radisson Blu hotel in Wroclaw, Poland’s fourth largest city and next year’s European Capital of Culture.

Dentons’ Real Estate team advised Union Investment on the acquisition of the five-star Radisson Blu hotel in Wroclaw, Poland’s fourth largest city and next year’s European Capital of Culture. The hotel was sold by a company from the UBM Development AG group.

Linklaters advises HSBC on the US$5.2bn sale of its Brazilian business to Banco Bradesco

06 Aug 2015

Linklaters has advised HSBC Latin America Holdings (UK) Limited on the sale of its entire business in Brazil to Banco Bradesco S.A.

The deal, which was run as an auction process, is subject to regulatory approvals from BACEN (the Brazilian central bank), CADE (the Brazilian competition authority) and SUSEP (the Brazilian insurance regulator) along with regulatory approval for the Cayman branch.

The Linklaters team was led by corporate partners Aedamar Comiskey and Nicola Mayo in London and Alberto Luzárraga in Sao Paulo.

Clifford Chance advises UniCredit Bank on a EUR 2 billion securitisation of German SME loans

06 Aug 2015

Clifford Chance advised UniCredit Bank AG on the securitisation of German SME loans in an amount of EUR 2 billion.

The loans were sold by UniCredit Luxembourg S.A., a subsidiary of UniCredit Bank AG, to Geldilux-TS-2015 S.A., a Luxembourg special purpose vehicle. Geldilux financed the purchase by issuing several classes of notes.

Deutsche Börse acquires STOXX and Indexium from SIX Group

05 Aug 2015

On July 27, 2015, Deutsche Börse AG and SIX Group AG have entered into a binding agreement regarding the full acquisition of the joint ventures STOXX AG and Indexium AG by Deutsche Börse AG for a purchase price of CHF 650 million. STOXX AG and Indexium AG have previously been operated as joint ventures by SIX Group AG and Deutsche Börse AG. Closing of the transaction occurred on July 31, 2015.

WFW advises Citibank on US$357 million facility to finance new Oilfield Service vessels

05 Aug 2015

Watson Farley & Williams (“WFW”) has advised Citibank N.A., London Branch (“Citibank”) as coordinator for a syndicate of lenders on a US$357 million term loan facility for Subsea 7, in order to fund the construction of two new Oilfield Service vessels.

The Export-Import Bank of Korea and Australia and New Zealand Banking Group Limited (“ANZ”) both served as mandated lead arrangers alongside Citibank. Both of the vessels are being constructed by Hyundai Heavy Industries in South Korea.