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Finance & Banking

Advising the lenders in connection with the partnership agreement (PPP) for the University of Lorraine

09 Mar 2015

Advising the lenders (Société Générale) in connection with the financing of a partnership agreement (PPP) between the University of Lorraine (Oparetion Campus) and the project company Melotech, subsidiary of Eiffage.

CONTACTS

    * Antoine Payen
    * Carole Servatius
    * Christine Le Bihan-Graf
    * Ilhem Haouas
    * Jean-Renaud Cazali

Clifford Chance advises UBS Group in the change of control procedure and filings with the ACPR and the European Central Bank

06 Mar 2015

Clifford Chance has advised UBS Group in the change of control procedure and filings with the ACPR and the European Central Bank in the context of the creation of a new holding company for the purposes of ensuring a better resolvability of the group (and especially the exercise of bail-in by the resolution authorities) under the new EU regime deriving from the banking resolution directive and CRD IV.

WFW advises Scandinavian ship financier on FATCA compliance

06 Mar 2015

Watson Farley & Williams recently advised a Scandinavian shipping finance provider on its compliance with the Foreign Account Tax Compliance Act, or “FATCA,” a tax withholding and reporting regime enacted by the United States that applies to financial institutions worldwide.  Although FATCA was passed into law in 2010, it only went into effect in July 2014.  Furthermore, the US has entered into intergovernmental agreements or “IGAs” with several countries, which have not yet released FATCA legal or administrative guidance.  As a result, there remai

Blackstone and CVC Complete £653 Million (US$1 Billion) Sale of Respective Remaining Stakes in Merlin Entertainments

06 Mar 2015

Simpson Thacher has represented Blackstone Capital Partners and CVC Capital Partners on the sale of their respective remaining stakes in Merlin Entertainments Plc (“Merlin”). The secondary offering, which was effected pursuant to a block trade by way of an accelerated book build, raised gross sale proceeds of approximately £653 million (US$1 billion).

Ashurst advises Nomura International (Hong Kong) Limited on proposed privatisation of econtext Asia Limited

05 Mar 2015

Ashurst Hong Kong advised Nomura International (Hong Kong) Limited on the proposed HKD880.5 million privatisation of HKSE-listed econtext Asia Limited by way of scheme of arrangement. Nomura acted as the financial adviser to Digital Garage, Inc., the controlling shareholder of econtext Asia and the offeror in the proposed privatisation.

Ashurst advises on recapitalisation of Petropavlovsk PLC involving over $1bn of debt

05 Mar 2015

Ashurst advised the ad hoc committee of bondholders in connection with the recapitalisation of Petropavlovsk PLC, one of the Russia's leading gold mining groups with total group financial indebtedness of bank and bond debt of over $1 billion.

The recapitalisation includes a new five-year $100 million convertible bond and a $235.4 million rights issue, underwritten in cash and debt by the bondholders and in cash by the founding shareholders.