Paul Hastings LLP represented the banks in financing the on the financing for IBC Capital Limited’s acquisition of Goodpack Limited, a Singapore publicly-listed company and affiliate of, leading global investment firm, KKR.
NCTM Studio Legale Associato has assisted Banca IMI S.p.A., acting as global coordinator and bookrunner of a pool of banks consisting of Intesa Sanpaolo S.p.A., Bayerische Landesbank–Filiale di Milano, Banca Carige S.p.A.
A voluntary bid for all the shares in the listed company Hurtigruten ASA was made public. The bidders are TDR Capital LLP and Silk Bidco AS. Silk Bidco AS is a joint venture company indirectly owned by Home Capital AS, Periscopus AS and investment fund managed by TDR Capital LLP.
The bid values the total share capital to approx. NOK 2 940 million. Read the press release from Hurtigruten here.
AdeB has together with Cravath, Swaine & Moore LLP and Clifford Chance assisted the debt provider to the bidders.
Davis Polk is advising GAIN Capital Holdings, Inc. in connection with its approximately $118 million acquisition of City Index (Holdings) Limited. The consideration in the transaction is cash, stock and convertible notes of Gain. The transaction, which is subject to approval by GAIN Capital stockholders, regulatory approvals and customary closing conditions, is expected to close in the first quarter of 2015.
Clifford Chance has advised Commerzbank and Landesbank Baden-Württemberg on the financing of the acquisition of the Ziegler Group by DPE Deutsche Private Equity GmbH from CODEX Zweite Beteiligungsgesellschaft mbH, Staufen.Invest GmbH and Ralf Stokar von Neuforn.
The Ziegler Group is a global manufacturer of nonwovens with plants in Germany and Hungary. The Group's most important markets include the automotive industry and its suppliers, and the furniture and the plastics processing industries.
Baker & McKenzie advised Citigroup on the securitization of car loans worth EUR973 million for Toyota Kredit Bank GmbH. The relevant authorities approved the transaction on 22 October 2014.
"Citibank acting as lead manager established a securitization of high-quality assets for Toyota. German Auto ABS are securitizations that suffered no losses during the financial crisis and are therefore currently promoted by the European Central Bank," commented Dr. Martin Kaiser, head of Baker & McKenzie's Finance group in Germany.
White & Case LLP has advised GSO Capital Partners LP on its £115 million debt-and-equity financing of the management buyout of XLN Telecom from ECI Partners LLP. White & Case also represented the management-backed Newco on the acquisition.
GSO, a subsidiary of global investment and advisory firm The Blackstone Group LP, is one of the world’s largest credit-oriented alternative asset managers with more than US$67 billion in assets under management.
The acquisition results in a combined production from the two companies amounting to approximately 84 000 barrels of oil per day in 2013, making Det norske oljeselskap ASA one of the largest listed independent E&P companies in Europe in terms of output.
The acquisition was financed partly through a USD 3 billion reserve based lending (RBL) facility, which is also to our knowledge the first RBL to be governed by Norwegian law.
Simmons & Simmons is advising Investec Bank plc on the recommended offer for Allocate Software plc (“Allocate”) by Acorn Bidco Limited (“Acorn”) for cash consideration of approximately £109.6 million which will be partially funded using loan facilities provided by Hayfin Capital. The balance will be funded through financing provided by certain funds managed by Hg Pooled Management Limited. The offer is to be implemented by way of a scheme of arrangement, pursuant to which Acorn will acquire the entire issued and to be issued ordinary share capital of Allocate.
Baker & McKenzie advised Bankia and Banco Financiero y de Ahorros (BFA), the state-owned holding company which controls Bankia, on its first sale of non-performing real estate loans to a foreign investor.
The portfolio of 419 loans was sold to hedge fund Chenavari and is one of the major loan divestments of 2014. The sale allows Bankia to reduce its non-performing loan book and improve its liquidity position.
The deal is known as Project Sky. Partner Rafael Bazán led the team, assisted by Sara Pérez and Fátima Prieto.