King & Wood Mallesons has advised Deutsche Bank AG and four other Mandated Lead Arrangers as well as Deutsche Bank AG as document agent in relation to a syndicated facilities agreement for Trilux Group. The lenders (nine major German banks) grant Trilux Group a financing with a five year term.
Nabarro has advised foreign exchange broker, LQD Markets (UK) Limited, on its entry into special administration following difficulties related to the Swiss National Bank’s decision to abandon the ceiling on the exchange rate between the Swiss Franc and the Euro.
The company entered into special administration by court order made at 12.04pm on 2 February 2015. The appointed special administrators are Matthew Haw, Matthew Wild and Graham Bushby of Baker Tilly Restructuring & Recovery.
Ashurst advised HSBC, Lloyds, Société Générale and Unicredit on the £535 million (equivalent) recapitalisation of Host Europe Group (HEG) following its acquisition of the German headquartered web hosting supplier Intergenia. HEG is a portfolio company of private equity investor Cinven. The revised capital structure comprises upsized senior facilities and new euro and sterling second lien facilities.
Clifford Chance has advised Westdeutsche ImmobilienBank AG (WestImmo) on the sale of all of its shares to Aareal Bank Group, Wiesbaden (Germany). A corresponding sale and purchase agreement was signed with the previous owner, Erste Abwicklungsanstalt AöR (EAA), Düsseldorf (Germany).
The purchase price amounts to EUR 350 million (subject to contractually agreed adjustments until the closing date). The transaction – which is subject to the approval of the respective authorities – is expected to be completed during the first half of 2015.
The headquarters of Gothaer Versicherungen was sold to a consortium of Aurec Capital and an Israeli insurance company by means of a sale and leaseback transaction. GSK Stockmann + Kollegen has advised Helaba Landesbank Hessen-Thüringen on the co-financing of the property located at the districts of Cologne Bayenthal and Zollstock.
Ashurst advised Joh. Berenberg, Gossler & Co. KG ("Berenberg") on the financing of an investment of The Riverside Company in Bike24 GmbH. The parties have agreed not to disclose the purchase price and financing volume. Dresden-based Bike24 GmbH is an online retailer of bicycle components, accessories and sporting goods.
DLA Piper has advised Duff & Phelps on the sale of Sceptre Leisure to the Gauselmann Group, which has resulted in the safeguarding of more than 350 jobs.
The financial restructuring and sale of the main trading business of the Sceptre Leisure Group was completed on 11 February 2015 by Duff & Phelps, with DLA Piper providing legal advice throughout the transaction.
Linklaters advises Deutsche Börse Group on setting up a clearing house in Singapore, a project for which the Monetary Authority of Singapore (MAS) granted in-principle regulatory clearance in January.
Castren & Snellman advised Pohjola Bank plc in the financing of a transaction in which Vaaka Partners, a Finnish private equity firm, acquired a majority of the shares in the Kh-kiinteistöpalvelut group.
The Kh-kiinteistöpalvelut group provides property management and related services for housing companies in the Helsinki Metropolitan Area.
The financing arrangements were successfully carried out by the C&S team led by partner Sakari Lukinmaa and supported by senior associate Antti Rintakoski and associates Kalle Maijala and Riikka Mustonen.
The shareholders' meeting of nextevolution Aktiengesellschaft, Hamburg, has adopted by a large majority the transfer of the shares held by the minority shareholders to the main shareholder Heidelberg Capital Private Equity Fund II GmbH & Co. KG against payment of an adequate cash consideration in the amount of EUR 6.23 per share (squeeze-out).