King & Wood Mallesons SJ Berwin advised Equiman on the acquisition of Multi-Impact. Equiman is 90% owned by Equistone Partners Europe and it is the owner of Meilleurtaux.com. Equiman aims to create a group dedicated to comparison, advice and establishment of the best financial products for individuals.
Equistone Partners Europe is one of the leading European mid-market private equity investors.
Simpson Thacher recently represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and other underwriters in connection with a $500 million offering of debt securities by Wal-Mart Stores, Inc. The offering closed on October 22, 2014.
Shearman and Sterling represented Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman, Sachs & Co., RBC Capital Markets, LLC, Citigroup Global Markets Inc., SunTrust Robinson Humphrey, Inc., Cowen and Company, LLC, Oppenheimer & Co.
Freshfields Bruckhaus Deringer has advised a consortium of underwriters on a rights issue and related finance facilities from Country Garden Holdings Company Limited. Country Garden is a Hong Kong listed company and one of the leading real estate developers in mainland China.
The rights issue, consisting of 1,271,988,736 shares at HK$2.50 each, closed on 13 October 2014 at an aggregate value of approximately US$408m.
Allen & Overy said today the RMB3 billion debut bond issue by the UK government represents a significant step in the internationalisation of the Chinese currency and underlines the UK’s global ambition to become a renminbi hub.
The 2.70% three year bonds were almost twice oversubscribed, with strong demand enabling an issue size of RMB3bn, making it the largest ever RMB issue by a non-Chinese issuer. Allocations were made to a wide range of investors including central banks, bank treasuries and fund managers across the world.
Linklaters has advised DBS Bank Ltd. and Haitong International Securities Company Limited in connection with the CNY1 billion 6.40 per cent. Guaranteed Bonds due 2017 issued by Bohai General Capital Ltd and guaranteed by Bohai Steel Group Co., Ltd.
Clifford Chance has advised its longstanding client, the European Bank for Reconstruction and Development, in relation to a senior secured loan of USD 15 million to PJSC "Obolon", one of the largest Ukrainian producers of beer, soft drinks and locally extracted natural mineral water. PJSC "Obolon" has been operating on the market for more than 30 years.
The transaction team was lead by Managing Partner of Clifford Chance Kyiv, Jared Grubb, with significant support from Nadiya Shylienkova (Senior Associate) and Taras Stadniichuk (Junior Associate).
Clifford Chance has advised UK Asset Resolution Limited (UKAR) on the sale of a portfolio of performing residential mortgage loans worth £2.7bn to a consortium made up of J.P. Morgan and British specialist lender Commercial First.
UKAR is the holding company established to bring together the government-owned business of Bradford & Bingley plc and NRAM plc, which were brought into public ownership in 2008. The transaction is UKAR's largest asset sale since its establishment in 2010.
Advising Helaba in connection with the financing (€ 95m facility) of the acquisition of the office tower “Tour Blanche” (Paris La Défense) by LaSalle Investment Management and Quantum Global Real Estate.
CONTACTS
* Anne-Laure Eymeri
* Guillaume Rossignol
* Jean-Guillaume Touzé
Korean Reinsurance (Korean Re) successfully issued the country’s first offshore Tier 1 subordinated capital securities in the insurance sector, and has established itself as one of the pioneering few Asian insurers to issue regulatory capital securities.
Korean Re has priced a USD200 million perpetual Tier 1 subordinated capital securities at the initial guidance of 4.875%. The coupon is 4.5% (Yield 4.6%, price 99.558%). Allen & Overy advised the lead joint-managers, HSBC and J.P. Morgan.