Gide has advised ACOFI Gestion, a portfolio management company, on setting up the securitisation mutual fund Predirec Innovation 2020.

This fund was registered on 28 April 2015.

It will be used to invest in tax research credit (CIR) receivables held by companies against the French State.

ACOFI Gestion is the Management Company. CACEIS Bank France is the Custodian.

Gide’s team comprised partner Gilles Saint Marc and associates David Aumain and Constance Bouchet.

Pinsent Masons has advised the sponsor Quam Capital Limited and the underwriters, on the HK$136 million (equivalent to approximately £11.3 million) Hong Kong public offer and international placing of shares and listing on the main board of the Hong Kong Stock Exchange of Tic Tac International Holdings Company Limited.

Norton Rose Fulbright has advised Export-Import Bank of Korea (Korea Eximbank) in relation to its first ever equity investment. The project is to build and operate a 54MW hydroelectric power plant by the Semangka river in the Tanggamus District, Lampung Province which is located in South Sumatra, Indonesia, which will supply power to Sumatra. The plant is scheduled for completion in 2017.
On top of the equity investment, Korea Eximbank is also providing USD 132.9 million in project financing which includes a loan and a guarantee.

Clifford Chance advised the underwriters in connection with the capital increase of UBM Realitätenentwicklung Aktiengesellschaft, which consisted of two tranches with a total of 1,462,180 new shares placed to investors at a price of EUR 40 per share and total gross proceeds of EUR 58.5 million. Baader Bank and Erste Group acted as Joint Bookrunners and Joint Lead Managers.

Slaughter and May advised Abbey National Treasury Services plc and Santander UK plc in relation to the update and revision of its US$30 billion Euro Medium Term Note Programme. The notes are guaranteed by Santander UK plc. The dealers under the programme are Banco Santander, S.A., Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, Merrill Lynch International, Mizuho International plc, Morgan Stanley & Co.

Hogan Lovells London-based banking team has advised the lenders on the £150m acquisition by property search website Zoopla of price comparison website uSwitch.

Hogan Lovells advised HSBC Bank plc, Barclays Bank plc, The Royal Bank of Scotland plc and Lloyds Bank plc as Mandated Lead Arrangers and Original Lenders on an unsecured revolving credit facility for the purchase of uSwitch.

McCann FitzGerald advised Deutsche Bank AG London Branch (as Global Co-ordinator and Joint Bookrunner) and J&E Davy (as Sponsor and Joint Bookrunner) on the placing by permanent tsb Group Holdings plc of 88,888,889 ordinary shares, realising gross proceeds of €400 million.

Banco Santander, J.P. Morgan and Nomura have set the market-listed debut price for Talgo at €9.25 per share. The transaction is valued at €626.5 million.

Railway operator Talgo has launched an initial public offering (“IPO”) of 45% of its share capital, setting the share price at €9.25. It will place €61 million shares on the market, which entails a €1.3 billion market capitalization.

Watson Farley & Williams (“WFW”) has advised the lenders on the contractual arrangements related to a €28,220,000 medium-term syndicated loan for Fri-El Green Power (“Fri-El”), one of the most important Italian companies active in the production and sale of electricity from renewable sources.

Hill Dickinson has acted for Lloyds Bank plc on a £20m funding facility for communications specialists, Elitetele.com plc.   

Based in Chorley and founded in 2000, Elitetele.com is a business telecoms and communications provider with customers spanning a wide range of sectors including hospitality and travel.