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Finance & Banking

Clifford Chance advises Rabobank and senior lenders on the EKF-backed project financing of the 353 MW Blakliden / Fäbodberget onshore wind farm developed by Vattenfall, Vestas and PKA in Sweden

24 Oct 2018

Clifford Chance Amsterdam has advised Rabobank and the senior lenders on the EKF-backed project financing of the Blakliden / Fäbodberget wind farm in Sweden, utilising a bespoke EKF guarantee structure co-developed by EKF and Rabobank.

The project is being jointly developed by Swedish utility and developer, Vattenfall, alongside Danish turbine-manufacturer Vestas and Danish pension fund PKA. The project will be funded through a mix of equity, mezzanine debt from PKA and Vattenfall and the senior EKF-backed project financing debt.

Dentons advises Generali on its acquisition of a major asset management company in Poland

24 Oct 2018

Dentons represented Generali, a multinational financial services group, in the acquisition of a 100% stake in the Polish asset management company Union Investment TFI S.A. The transaction is subject to approvals by regulatory and antitrust authorities in Poland and abroad.

Dentons provided Generali with comprehensive M&A services on the deal, including legal due diligence, negotiation of the transaction documents, as well regulatory and merger control advice.

Dentons advises BGK in PLN 140 million financing of a PPP hospital project

23 Oct 2018

Dentons advised Bank Gospodarstwa Krajowego (BGK) on the financing of the building and equipping of a local hospital in Zywiec, southern Poland. The project will be executed in the public-private partnership formula (PPP). The site was contributed by the local authorities, while InterHealth Canada will handle the development and the construction side.

Eversheds Sutherland completes significant outsourcing for TSB Bank Plc

23 Oct 2018

Eversheds Sutherland has successfully completed a significant outsourcing of TSB Bank Plc’s facilities management services across its entire UK portfolio.

The global legal practice assisted TSB with all the legal aspects of the outsourcing, including a new five-year contract for the provision of facilities management services with ISS Facility Services Limited. The contract has the potential to be increased for a further four years.

Simpson Thacher Represents Underwriters in Offering of an Aggregate of $3 Billion of Senior Notes by Mitsubishi UFJ Financial Group

22 Oct 2018

Simpson Thacher recently represented the underwriters, for which Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. acted as representatives, in connection with the offering by Mitsubishi UFJ Financial Group, Inc. of $850 million of Floating Rate Senior Notes due 2023, $1.15 billion of 3.761% Senior Notes due 2023 and $1 billion of 4.05% Senior Notes due 2028. The offering was made pursuant to MUFG’s shelf registration statement on Form F-3 under the Securities Act.

White & Case Advises Commerzbank on €1 Billion Financing for Vonovia

22 Oct 2018

Global law firm White & Case LLP has advised Commerzbank Aktiengesellschaft as coordinator, bookrunner and mandated lead arranger, on the provision of a €1 billion financing for Vonovia Finance B.V. which includes a €300 million swingline facility.

The White & Case team in Frankfurt which advised on the transaction was co-led by partner Thomas Flatten and local partner Sébastien Seele, and included counsel Alexander Born, senior transaction lawyer Alexander Hansen Diaz and portfolio manager Juliana Leao.

White & Case Advises Underwriters on Piovan IPO

22 Oct 2018

Global law firm White & Case LLP has advised UniCredit Corporate & Investment Banking and Goldman Sachs International, as Joint Global Coordinators and Joint Bookrunners, on the initial public offering of Piovan S.p.A. on the STAR segment of the Milan Stock Exchange.

Piovan is a leading worldwide company which develops and produces auxiliary systems for the automation of production processes for the storage, transportation and processing of polymers and plastic powders. UniCredit Corporate & Investment Banking acted as Sponsor on the transaction.

King & Wood Mallesons acts on WorleyParsons Limited’s $2.9 billion entitlement offer

22 Oct 2018

King & Wood Mallesons (KWM) has acted on WorleyParsons Limited’s (WorleyParsons) pro rata accelerated non-renounceable entitlement offer (ANREO) of new ordinary shares to existing shareholders.

The KWM team, consisting of partner David Friedlander, special counsel Amanda Isouard and solicitor Gemma McMahon advised the joint lead managers.

The offer consists of an accelerated institutional rights issue and a retail rights issue to raise approximately $2.9 billion to fund its major US-based acquisition announced today.

Ashurst advises ING Bank on a €200m loan to Hyundai Capital

22 Oct 2018

Ashurst advised ING Bank as the lender (arranger, original lender, security agent and facility agent) on granting a €200m loan ('covered loan agreement') to Hyundai Capital Bank Europe GmbH.

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The Ashurst team comprised of Dr Martin Kaiser (lead), counsel Nikolos Tsagareli and associate André Schaumburg.