Linklaters LLP advised the joint bookrunners in connection with the issue by Arkema of its €700 million undated deeply subordinated notes bearing interest at a fixed rate of 4.75% per annum until 2020, then at a fixed rate calculated every five years on the basis of the 5-year swap rate.
The Charles Russell Speechlys Corporate team has recently advised Arden Partners plc in its role as financial adviser, sponsor and broker to Macfarlane Group plc in connection with a £3m placing of new shares on the Main Market of the London Stock Exchange.
Macfarlane Group plc is a leading specialist UK distributor of protective packaging materials.
The proceeds of the placing were used to partly fund a simultaneous acquisition of the entire issued share capital of Network Packaging Ltd (a packaging materials distributor).
Trowers & Hamlins has acted for new client Capital Trust Limited on the acquisition of the Holiday Inn Express, Cheltenham, by one of the client's group companies, PCH Cheltenham Limited, together with majority investors Lumina Real Estate Capital.
Capital Trust's prime role was to act as corporate finance advisor on the acquisition.
Gernandt & Danielsson advises in Bayport’s issue of subordinated bonds with a value of SEK 650 million within a framework amount of SEK 800 million
Bayport Management Ltd has decided to issue Swedish subordinated bonds with a value of SEK 650 million. The issue is a private placement directed to Swedish and foreign institutional investors. The bonds are issued within a framework amount of SEK 800 million. The bond loan is Bayport’s fourth Swedish bond and will, as the previous bond loans, be listed on the Corporate Bond List at Nasdaq Stockholm.
Lenz & Staehelin advised the lenders on the financing of the acquisition by Gilde Buy Out Partners of the Riri Group, a leading manufacturer of high-end zippers and buttons.
The Lenz & Staehelin team included partners Marcel Tranchet, Patrick Hünerwadel and Stephan Erni and associates Roland Fischer, Pascal Genoud, Katarina Dim and Fabian Koch.
DLA Piper has advised Dragon Capital on the establishment of innovative new natural gas exchange Ukrainian Gas Exchange ("UGX"). On 31 October 2014 the first trading session of UGX took place, Dragon Capital, an investment company, initiated the set-up of UGX in July of this year. DLA Piper provided full legal advice and support to Dragon Capital during the establishment of UGX.
Macfarlanes has advised on its first deal for Legal & General’s lending arm, LGIM Commercial Lending Limited on a £37.5m, 10 year loan, secured against Hilton London Heathrow Airport Terminal 5 hotel.
The deal is the first hotel lending transaction completed by LGIM Commercial Lending Limited. Located just one mile from Terminal 5 and within easy access of the M25, the 350-bed hotel is operated by the borrower with a franchise agreement with Hilton.
Dentons has advised the umbrella associations of the German Banking Industry (DK) in the framework of a complex negotiation process on the realization of commitments towards the Federal Cartel Office as well as on the restructuring of the electronic cash system for negotiated merchant fees.
Slaughter and May is advising RF Trustee Co. Limited (the independent family office of the Fleming family, together with other families) and Standard Chartered Bank, each as shareholders of Fleming Family & Partners Limited (FF&P), on the proposed merger between FF&P and Stonehage. The merger will create the largest independent multi-family office in the EMEA region. The combined business will serve a client base of over 250 families of wealth and will manage, advise and/or administer over $43 billion (c.£27 billion) of assets.
Baker & McKenzie advised Mercedes-Benz Bank AG as lead counsel in its fifth public ABS. Notes with an aggregate principal amount of EUR1 billion secured by auto loan receivables were issued as 'Compartment 5' on 22 October 2014. Originator of the receivables is Mercedes-Benz Bank AG. Issuer is Silver Arrow SA, Compartment 5. The Compartment 5 bonds' interest rates are very low with a spread of 27 basis points above the reference rate. Commerzbank AG, Lloyd's Bank, BNP Paribas, DZ BANK and Unicredit Bank AG were commissioned with the placement of the Compartment 5 bonds.