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Finance & Banking

Rexnord Corporation Secondary Offering

09 Jun 2014

Davis Polk advised Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Robert W. Baird & Co. Incorporated and Deutsche Bank Securities Inc. as representatives of the several underwriters in connection with an SEC-registered secondary offering of 17,250,000 shares of common stock of Rexnord Corporation sold by affiliates of Apollo Global Management, LLC, for an aggregate price to the public of $439.9 million, including 2,250,000 shares from the full exercise of the underwriters’ option to purchase additional shares.

Allen & Overy advises on USD5.5 billion STAR Rafineri – Turkey’s largest ever project financing

06 Jun 2014

Allen & Overy said today the USD5.5 billion STAR Rafineri underlined growing demand from lenders to participate in Turkish infrastructure and energy financings.

The deal was not only significant because of its size – Turkey’s largest ever project financing – but also for the number of financial institutions and export credit agencies involved. Allen & Overy advised CESCE, Export Development Canada, JBIC, K-SURE, NEXI, SACE, US Ex-Im Bank and 16 commercial banks in one of the most complex multi-source financings ever to be brought to signing in Turkey.
 

DLA Piper advises club of senior debt providers on the management buy-out of Education Personnel

06 Jun 2014

DLA Piper's London Debt Finance team has advised Crédit Agricole Corporate and Investment Bank, GE Corporate Finance Bank SAS, HSBC Bank plc, Investec Bank plc, Lloyds Bank plc and The Royal Bank of Scotland plc (the "Senior Club") on their provision of senior debt finance to Education Personnel Holdco Limited and its subsidiaries.

Incumbent sponsor Graphite Capital sold Education Personnel, the UK's leading supplier of teaching and education support staff, to its management team in a buy-out backed by Intermediate Capital Group (ICG) earlier this month.

Norton Rose Fulbright advises CACEIS on the takeover of the depository services of Sal. Oppenheim in Germany

04 Jun 2014

Norton Rose Fulbright advised CACEIS banking group, which belongs to Crédit Agricole, on the takeover of Sal. Oppenheim’s asset depositary activities for real estate and other physical assets in Germany. All concerned funds with a total volume of €12bn shall be migrated to the new custodian CACEIS by the end of 2014.

Norton Rose Fulbright has advised CACEIS Bank Deutschland on corporate law issues for many years on an ongoing basis and can look back on successful cooperation in the context of various structurings and projects.

Herbert Smith Freehills advises joint lead managers on Asaleo Care's IPO

03 Jun 2014

Herbert Smith Freehills is advising Citigroup Global Markets Australia Pty Limited, Macquarie Capital (Australia) Limited and Merrill Lynch Equities (Australia) Limited in relation to their role as joint lead managers of Asaleo Care Limited’s (Asaleo) initial public offering (IPO) and listing on the Australian Securities Exchange.

Clifford Chance and Matouk Bassiouny advise on landmark Egyptian EGP1.8 billion Islamic financing for Al Sharkeya Sugar Manufacturing

03 Jun 2014

Clifford Chance and Matouk Bassiouny have together advised Abu Dhabi Islamic Bank, Banque Audi, Banque Misr, as Senior Mandated Lead Arrangers, and the Islamic Corporation for the Development of the Private Sector (ICD), as Mezzanine Mandated Lead Arranger on and Islamic Shari’a compliant financial package of around EGP1.8 billion extended to Al Sharkeya Sugar Manufacturing S.A.E (ASSM) for the construction of a sugar production facility in Al Sharkeya Governorate, Egypt.

Shearman & Sterling Advises on US$2.25 Billion Bond Offering by The Royal Bank of Scotland

30 May 2014

Shearman & Sterling represented the underwriters, led by RBS Securities Inc., in connection with a global offering by The Royal Bank of Scotland Group plc of US$2.25 billion in aggregate principal amount of 5.125% Subordinated Tier 2 Notes due 2024.

The RBS Group is one of the world’s largest banking and financial services organizations. It is headquartered in Edinburgh and provides a wide range of products and services to personal, commercial and large corporate and institutional customers in over 40 countries.

Shearman & Sterling Advises Underwriters in Initial Public Offering of Shares of Stabilus S.A. on Frankfurt Stock Exchange

30 May 2014

Shearman & Sterling advised Commerzbank, J.P. Morgan, Société Générale and UniCredit Bank AG on the initial public offering of shares by Stabilus S.A. (“Stabilus”) on the Frankfurt Stock Exchange.The placement volume amounted to approximately EUR 227.3 million (around EUR 261.4 million if the greenshoe option is fully exercised).

Credit Suisse AG's $5 Billion Registered Debt Offering

30 May 2014

Cravath represented the underwriters, led by Credit Suisse, in connection with the US$5 billion registered senior debt offering of Credit Suisse AG, a wholly owned subsidiary of Credit Suisse Group, a global financial services company. The transaction closed on May 28, 2014.

The Cravath team included partners Kris F. Heinzelman and David Mercado and senior attorney G. Douglas Johnson.