Clifford Chance has acted as legal counsel to the European Investment Bank (EIB) that acts as co-financier of the A9 Gaasperdammerweg public-private-partnership (PPP) infrastructure project in the Netherlands. On 13 November, the EIB and the other financiers reached financial close for this PPP project.
Vinge is advising BlackRock Renewable Finance (Dublin) Limited in connection with the acquisition of Arise Wind Farm 10 AB. The deal includes the sale of the construction-ready 46.2 MW Brotorp wind farm. Arise AB will manage the construction of the project, and once operational, operate the project on behalf of BlackRock Renewable Finance (Dublin) Limited through a construction and asset management agreement. BlackRock Renewable Finance (Dublin) Limited will provide equity to the project and a project finance facility has successfully been secured from SEB.
Norton Rose Fulbright has advised UniCredit, Intesa Sanpaolo and SACE on a long term financing guaranteed in part by SACE to E.M.A.R.C. S.p.A., a company headquartered at Vinovo, near Turin, which produces steel roll formed structure parts and aluminium and steel stretch-bent components and assemblies for the automotive and commercial vehicle industries. The company has production facilities in various countries in Europe, Asia and South America. The financing will be used to support the company’s strategic growth plan in Italy and around the world.
Slaughter and May advised Virgin Financial Investments Limited as selling shareholder on the initial public offering of Virgin Money Holdings (UK) plc (Virgin Money).
Simmons & Simmons is advising J.P. Morgan Cazenove and Liberum Capital in connection with the proposed acquisition by Connect Group PLC (‘Connect Group’), a leading specialist distributor operating in three divisions (News & Media, Books and Education & Care) of Tuffnells Parcels Express, a leading provider of next-day B2B delivery of mixed freight / parcel consignments specialising in items of irregular dimension and weight, announced earlier today.
Davis Polk advised Deutsche Bank AG, Singapore Branch as initial purchaser in connection with the inaugural Regulation S offering by Century Limited, a direct subsidiary of Indiabulls Real Estate Limited, of its US$175 million 10.25% high-yield notes due 2019. The notes are guaranteed by Indiabulls Real Estate Limited and certain of its subsidiaries.
The offering is the first international bond offering by a real estate development company based in India.
Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as joint book-running managers on an SEC-registered offering by Statoil ASA of $3 billion principal amount of notes guaranteed by its operating subsidiary, Statoil Petroleum AS.
Baker & McKenzie has advised the lenders on the GBP1.35 billion financing of the Battersea Power Station, one of the largest real estate financings in the UK in recent years.
The Firm advised CIMB Bank Berhad, Labuan Offshore Branch, Maybank Kim Eng Securities Pte Ltd, Standard Chartered Bank, and Standard Chartered Saadiq Berhad as the mandated lead arrangers, bookrunners and joint coordinators on the financing. Battersea Power Station is an iconic decommissioned coal-fired power station located on the south bank of the River Thames in London.
Herbert Smith Freehills Paris has recently advised InfraVia, a Paris-based investment manager dedicated to the infrastructure sector, on its acquisition from GDF SUEZ of a 20% stake in the Dutch company Noordgastransport ('NGT').
Clifford Chance has advised AMP Limited on its acquisition of a 19.99 per cent stake in China Life Pension Company Limited, the largest pension insurance company in China.