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Finance & Banking

Allen & Overy advises Deutsche Annington Immobilien SE on issue of EUR 500 million bond

07 Jul 2014

Allen & Overy has advised Deutsche Annington Immobilien SE on the issue of a bond with a volume of EUR 500 million. The notes have a term of 8 years and bear interest at a rate of 2.125% per annum. The notes were issued under the issuer's recently updated issue programme and placed via Dutch subsidiary Deutsche Annington Finance B.V.

The notes are listed on the regulated market of the Luxembourg Stock Exchange. Commerzbank, J.P. Morgan, Société Générale and UniCredit acted as joint bookrunners.

Norton Rose Fulbright advises Albaraka Türk Katilim Bankasi A.S. (“Albaraka Turk”) on their US$350 million Sukuk issuance

04 Jul 2014

Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. on their issuance of US$350 million Certificates due 2019.

The Sukuk, while backed by the credit of Albaraka Turk as obligor, was issued by Bereket Varlik Kiralama A.S. an asset leasing corporation established in Turkey pursuant to the Lease Certificate Communiqué in Turkey. The Sukuk represents Albaraka Turk’s second international Sukuk issuance following the issuance of their Tier 2 Sukuk in 2013, on which Norton Rose Fulbright also advised.

Allen & Overy advises banks on bond issue by the Selecta Group

04 Jul 2014

Allen & Overy LLP has advised Goldman Sachs International, BNP Paribas and KKR Capital Markets Limited on issuing two tranches of high-yield bonds.

The Selecta Group issued EUR 350 million and CHF 245 million high-yield bonds each bearing a coupon of 6.50% via Selecta Group B.V. The fixed-interest high-yield bonds have a 5-year term and were sold to institutional investors in denominations of EUR 100,000 and CHF 150,000. The refinancing also included a EUR 50 million credit facility and a EUR 220 million PIK facility.

Macfarlanes advises ING and Santander on a £64m facility to fund the acquisition of Bond Street House

03 Jul 2014

Macfarlanes has advised ING and Santander on a £64m facility to fund the acquisition of Bond Street House by specialist real estate management firm Meyer Bergman, the pan-European investment manager specialised in retail real estate.

Bond Street House is a prime location property, on Bond Street in London’s Mayfair and comprises high end office and luxury retail space.

The Macfarlanes team was led by banking and finance partner Jat Bains, with real estate partner Clare Breeze.

B2Holding purchased ULTIMO from Advent International.

03 Jul 2014

CMS supported B2Holding, a leading European specialty finance business, in acquisition of the entire share capital of ULTIMO, a leading Polish credit management business. The value of the transaction that was signed on 1 July 2014 was not revealed. Its closing is subject to antimonopoly clearance. The current shareholders of Untimo are Advent International and Janusz Tchórzewski, ULTIMO’s founder and minority shareholder.

Clifford Chance advises banks on the financing of the tender offer and on the launch of the tender offer of Global Resorts SAS for Club Méditerranée

03 Jul 2014

International law firm Clifford Chance advised a group of banks, represented by UniCredit Bank AG and Banca IMI S.p.A., and UniCredit Bank AG as lead arranger, on the financing of the tender offer of Global Resorts SAS, a subsidiary of InvestIndustrial Group, and on the launch of this offer on all common shares and convertible bonds (OCEANE 2015) of Club Méditerranée. The tender offer was filed with the French market regulator AMF on June 30th.

Ashurst advises IKB and others banks on the financing of jewellery supplier Amor Group

02 Jul 2014

Ashurst advised a banking consortium led by IKB Deutsche Industriebank AG and Commerzbank Aktiengesellschaft on the granting of two new credit lines to German supplier of affordable jewellery, Amor. The lines are planned to be used for, inter alia, the repayment of other liabilities of the group.

The lender consortium also comprised Norddeutsche Landesbank Luxembourg S.A., BHF-BANK Aktiengesellschaft, WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank, KBC Bank Deutschland AG and Raiffeisen Bank International AG.

Ashurst advises on £196m recommended bid for Mecom Group

02 Jul 2014

Ashurst is advising Rothschild in relation to the £196 million recommended cash offer by De Persgroep Publishing N.V. (a wholly-owned subsidiary of De Persgroep N.V.) for Mecom Group plc, announced today. Mecom is a European media group, with leading positions in the news and information publishing business in the Netherlands and Denmark. Rothschild is acting as lead financial adviser to De Persgroep in relation to the offer.

Ashurst advises Credit Agricole on a first-of-its-kind $2bn securitisation transaction

02 Jul 2014

Ashurst has advised Credit Agricole Corporate and Investment Bank ("CA-CIB") on a pioneering credit-risk transfer transaction by which the International Finance Corporation ("IFC"), a member of the World Bank Group, will provide credit-risk protection on the bank's $2 billion portfolio of emerging markets-related assets.