Baker & McKenzie advised Volkswagen Bank GmbH and Volkswagen Financial Services AG again in a public ABS (asset-backed securities) transaction of the Private Driver series in Germany.
Notes with an aggregate principal amount of EUR 965 million secured by auto loan receivables were issued. The originator of the receivables is Volkswagen Bank GmbH. The issuer is Private Driver 2015-1 UG (haftungsbeschränkt).
White & Case LLP has advised BNP Paribas and J.P. Morgan, as Joint Global Coordinators and Joint Bookrunners, on the placement of €2 billion 1.125 percent Unsecured Equity-Linked bonds due March 2022 that have been issued by Telecom Italia S.p.A.
Barclays, Citi, Credit Suisse and UniCredit acted as Joint Bookrunners alongside the Joint Global Coordinators.
The White & Case team included partners Michael Doran (London), Richard Pogrel (London), Ferigo Foscari (Milan), local partner Paul Alexander (Milan) and associate Piero de Mattia (Milan).
Gernandt & Danielsson advises in 4finance’s issue of corporate bonds amounting to SEK 225 million
The Luxembourg consumer credit provider 4finance S.A. has issued Swedish corporate bonds amounting to SEK 225 million through a private placement. The bonds have been issued within a framework amount of SEK 600 million. The company has undertaken to list the bonds on the Corporate Bond List at Nasdaq Stockholm.
Hoist Finance is a leading debt restructuring partner to international banks, with debt purchase and debt collection activities in eight countries across Europe and retail deposit operations in Sweden. The company specialises in the purchase and management of unsecured non-performing consumer loans originated by international banks and other financial institutions.
Wragge Lawrence Graham & Co's Investment Funds team has advised Jefferies International Limited (Jefferies) on a £200 million fund raising by VPC Specialty Lending Investments PLC (VPC Specialty Lending).
The fundraising for VPC Speciality Lending was made in conjunction with its shares being admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities.
Ashurst advised Stifel Nicolaus and J.P. Morgan Cazenove as joint bookrunners on the £36.1 million placing by Foresight Solar Fund Limited (FSFL), a closed-end investment company which invests in operating ground based UK solar power assets.
Ashurst is advising Royal Bank of Scotland plc ("RBS") in connection with the sale of its internationally managed private banking and wealth management business to Union Bancaire Privée, UBP SA., the family-owned Swiss private bank.
Baker & McKenzie has once more acted as arranger counsel for Société Générale Corporate, Investment Banking (Société Générale) in the third public ABS (asset-backed securities) transaction of Bank Deutsches Kraftfahrzeuggewerbe GmbH (BDK) in Germany.
Gide has advised Société Générale in the context of its agreement with Mauritius Commercial Bank, one of the main and oldest banking institutions in Mauritius, to acquire a stake in Mauritius Commercial Bank Mozambique (MCBM). Société Générale will own the majority of the capital through a capital increase reserved for the Group.
The operation must be approved by the Central Bank of Mozambique.
Gide advises Boursorama, Société Générale’s online banking subsidiary, on the full acquisition of Fiduceo, which specialises in online Personal Finance Management. This operation should enable Boursorama to step up its development and build future banking relations, both digital and personalised.
The operation will be completed by the end of April 2015.
The Gide team advising Boursorama on this operation comprised partner Guillaume Rougier-Brierre and Alexandre Heydel.