The EFTA Surveillance Authority (ESA) approved Enova's state aid to Hydro Aluminium AS, by way of a grant of approx. NOK 1, 5 billion to Hydro Aluminium AS.

Berwin Leighton Paisner LLP (BLP), has advised Aviva Commercial Finance Limited (Aviva) in relation to the £352m debt facility provided to Kennedy Wilson Europe Real Estate (KWE) to finance the acquisition of 180 UK property assets from multiple receivers.

The purchase of the 3.5m sq ft portfolio was funded by Aviva at 70% loan-to-value, together with equity from KWE.

White & Case LLP has advised HSH Nordbank AG on its US$360 million refinancing.

The 'CASTELLUM ABF' funding transaction is collateralized by a portfolio of commercial real estate loans secured by English law governed mortgages. It is HSH Nordbank's third US dollar refinancing since it established its own asset-based funding platform in 2013.

Davis Polk advised BNP Paribas, J.P. Morgan Securities plc and Mizuho International plc as joint book-running managers in connection with an SEC-registered offering of €300 million of 1.000% notes due 2025 by Air Products and Chemicals, Inc.

Air Products, located in Allentown, Pennsylvania, is an industrial gases company with operations in over 50 countries. Air Products provides atmospheric, process and specialty gases, and related equipment to manufacturing markets, including metals, food and beverage, refining and petrochemical, and natural gas liquefaction.

Slaughter and May is advising Standard Life plc (Standard Life), a leading long-term investment savings business, on its return of around £1.75 billion to shareholders by way of a B/C share scheme.

Clifford Chance has advised a banking syndicate comprising DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, HSBC Trinkaus & Burkhardt AG, Idinvest Partners and The Governor and Company of the Bank of Ireland on the issuance of a new syndicated loan for BackWerk group.

BackWerk is the only bakery chain with stores throughout Germany and the fastest-growing self-service bakery chain in Europe. At the end of 2014 BackWerk had more than 320 stores in Germany, Austria and the rest of Europe.

Clifford Chance has advised Goldman Sachs and UBS on the provision of a bridge financing facility for Deutsche Wohnen AG's intended voluntary public tender offer to acquire Austria-based conwert Immobilien Invest SE.

A team from Dechert LLP’s Munich, Luxembourg and London offices advised Prime Capital AG, a financial services and asset management firm, on an innovative repackaging transaction for institutional investors. The transaction involved establishing six compartments of a Luxembourg securitization vehicle, which issued profit participation bonds in total value of €180 million. These structured bonds are subject to English law and were listed on the Luxembourg Stock Exchange. The notes’ payment profile is based on the performance of several hedge funds.

White & Case LLP has advised a syndicate of banks including Mediobanca - Banca di Credito Finanziario S.p.A., as documentation agent, on the amendment and extension to a facility agreement entered into in 2013, pursuant to which a revolving loan for a total maximum amount equal to €9.44 billion was granted to Enel S.p.A. and its subsidiary Enel Finance International N.V.

The White & Case team which advised on the transaction included local partner Nicholas Lasagna (Milan), partner Christopher Czarnocki (London) and associate Silvia Pasqualini (Milan).

Allen & Overy advised Morgan Stanley & Co. International plc and Bualuang Securities PLC on the establishment and initial public offering of Jasmine Broadband Internet Infrastructure Fund (JASIF).