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Finance & Banking

White & Case Advises on 5àsec’s Financial and Capital Restructuring

08 Jan 2015

White & Case LLP has advised the lenders on the financial and capital restructuring of the 5àsec Group, the worldwide leader in textile care services, with Geneva-based private equity firm Rive Private Investment acquiring a stake in the business alongside independent investment fund Capzanine and investment adviser IFE Mezzanine.

BKL advises on the issuance of Kimchi Bonds, CNY180,000,000 3.7% Bonds due 2016, by ICBC, the first CNY denominated bonds offering in Korea by a foreign issuer

08 Jan 2015

BKL advised Daewoo Securities Co., Ltd., as arranger on the successful issuance of CNY180,000,000 3.7% Bonds due 2016 (the "Bonds") in Korea by the Industrial and Commercial Bank of China (Asia) Limited ("ICBC"). BKL's dedicated team included partners Young Joon Cho and Hee-Gang Shin, associate Seung-Il Hong, and foreign legal advisor Heesug Chung from the Capital Markets team.

Deacons advises Huatai Financial Holdings on HK$540 million of top-up shares

07 Jan 2015

Deacons recently advised Huatai Financial Holdings (Hong Kong) Limited, acting as the placing agent, on the top-up placing of shares of AVIC International Holding (HK) Limited raising up to approximately HK$540 million.

AVIC International Holding (HK) is a Hong Kong unit of state-backed aviation equipment maker, the Aviation Industry Corporation of China.

Deacons partner Sabrina Fung advised on the matter, supported by associate Catherine Kwan.

Freshfields Bruckhaus Deringer acted as legal counsel for AVIC.

Deacons advises Haitong International Capital in relation to SiS Mobile Holdings’ spin-off and IPO

07 Jan 2015

Deacons recently acted for the sole sponsor Haitong International Capital and the underwriters in relation to the spin-off and separate listing of SiS Mobile Holdings on the Main Board of the Hong Kong Stock Exchange by way of distribution in specie and global offering.

Shearman & Sterling Advises Initial Purchasers on Auris Luxembourg II S.A.’s €275 Million High Yield Bond Offering

07 Jan 2015

Shearman & Sterling advised Deutsche Bank AG, London Branch, Goldman Sachs International and UBS Limited, as initial purchasers, in the high yield notes offering by Auris Luxembourg II S.A. (“Auris”) of €275 million 8% Senior Notes due 2023 as part of the financing for the proposed acquisition of Siemens Audiologische Technik GmbH (the “Target”). The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed into escrow on December 29, 2014.

Gide on the issuance of undated subordinated notes by SOGECAP

06 Jan 2015

Gide advised ABN AMRO Bank N.V., Banco Bilbao Vizcaya Argentaria, S.A., Santander Global Banking & Markets and Société Générale Corporate & Investment Banking as joint lead managers on the issuance by SOGECAP of 800 million euros undated subordinated notes, admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. Allen & Overy advised SOGECAP.

Gide's team was led by Hubert du Vignaux (partner), assisted by Bastien Raisse.

Norton Rose Fulbright advises BNP Paribas on project financing for acquisition of Enel Green Power France’s wind power portfolio by Boralex Inc.

06 Jan 2015

Norton Rose Fulbright has assisted BNP Paribas on a €180Mm long term project financing for the acquisition of all of the issued and outstanding shares of Enel Green Power France SAS, a portfolio of 13 wind farms with a total capacity of around 196 MW.

Dentons advises Polish Bank syndicate on up PLN 550m (approx. US$163 million) multipurpose financing for Inter Cars

05 Jan 2015

Dentons advised Bank Polska Kasa Opieki, Bank Handlowy w Warszawie, mBank and ING Bank Slaski on the restructuring and increase of the amount of the PLN 495 million (approx. US$147 million) multipurpose financing to Inter Cars S.A. The amount of financing has been increased up to PLN 550 million (approx. US$163 million).

Inter Cars are the biggest automotive spare parts distributor for passenger cars, commercial vehicles and trucks in Middle-Eastern Europe.