Simmons & Simmons has advised Macquarie Bank International Limited in their capacity as Arranger and Joint Lead Manager on its €186m residential mortgage-backed securities (RMBS) transaction.
Macquarie Bank International Limited has securitised German real estate credits in the amount of €186m in order to place the RMBS transaction with institutional investors.
Ashurst advised DZ BANK AG Deutsche Zentralgenossenschaftsbank, Frankfurt am Main ("DZ BANK") on the financing of the acquisition of OTTO Office GmbH & Co KG ("Otto Office") by its competitor Printus Fachvertrieb für Bürobedarf GmbH ("Printus"). The mail-order retailer of office supplies was sold by Hamburg-based mail order group Otto for an undisclosed consideration.
Ashurst advised a bank consortium comprising HSH Nordbank, NIBC Bank Deutschland and Raiffeisenbank International on the financing of the acquisition of IN tIME Express Logistik Group by South-African logistics group Super Group Limited ("Super Group") for a total enterprise valuation of €153.5 million. The banks provided €58 million while the remaining amount is financed from cash by Super Group. IN tIME's management team will retain a 25 percent stake in the company. The majority interest was sold by funds managed by Equistone Partners Europe.
Ashurst has advised Morgans Corporate Limited as the full underwriter of the initial public offering of Kina Securities Limited, valued approximately A$97 million.
Kina Securities is currently one of PNG's largest financial institutions, offering services including funds management and advisory, funds administration, stockbroking and corporate advisory, custodian and trustee services, and financial planning.
Eversheds has advised Fairpoint Group plc (Fairpoint), one of the UK's leading providers of consumer professional services, on an agreement to acquire the trade and assets of Colemans-CTTS LLP, CT Support Services Limited and the entire ordinary share capital of Holiday TravelWatch Limited (together referred to as Colemans), a consumer legal services business (the Acquisition).
Gide advised the Joint Lead Managers Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, CM-CIC Securities, ING Bank NV, Belgian Branch, Mediobanca S.p.A and Natixis on the issuance by Bolloré of its € 450 million 2.875 per cent. notes due 2021, and admitted to trading on the regulated market of NYSE Euronext in Paris.
Gide's team was led by partner Hubert du Vignaux assisted by Bastien Raisse and Aude-Laurène Dourdain.
King & Wood Mallesons has advised both CBG Commerz Beteiligungskapital GmbH & Co. KG, a subsidiary of Commerzbank-Konzern, and VR Equitypartner GmbH, a joint subsidiary of WGZ Bank and DZ Bank, on the mezzanine financing of quick-mix Holding GmbH & Co. KG.
Travers Smith investment funds partner Will Normand and corporate assistant Leigh Stockey have advised Liberum Capital Limited and J.P. Morgan Cazenove in their capacity as joint brokers to P2P Global Investments plc in connection with its £400 million placing of C shares.
Macfarlanes has advised Venn Partners LLP, PRS Operations Limited and PRS Finance plc in their capacities as manager, licensee and issuer respectively in the establishment of a bond programme for the Private Rented Sector Housing Guarantee Scheme.
Asset manager Venn was appointed to establish and manage the scheme in December 2014 by the Secretary of State for the Department for Communities and Local Government.
A cross-border Norton Rose Fulbright team has acted for financial institution ME (formerly ME Bank) on its biggest issue of residential mortgage-backed securities (RMBS) since the global financial crisis.
ME recently launched SMHL Series Securitisation Fund 2015-1 and in the process raised A$1.5 billion. The transaction structure provided for six classes of bonds with the two most senior tranches, Class A1 Bonds and Class A2 Bonds, to be listed on the Irish Stock Exchange.