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Finance & Banking

Advising Barclays and Canaccord Genuity on £109m Placing by Monitise plc

26 Mar 2014

Simmons & Simmons is advising Barclays Bank PLC and Canaccord Genuity Limited as Joint Bookrunners on the placing by Monitise plc of 160,643,031 new ordinary shares (the “Placing Shares”) with new partner MasterCard and certain institutional investors to raise gross proceeds of approximately £109 million, which was announced on 24 March 2014.

Linklaters advises on the first CCP to be authorised under EMIR

26 Mar 2014

Linklaters has advised NASDAQ OMX Clearing AB on its re-authorisation as a central counterparty (CCP) under the EMIR regulation 648/2012 on OTC derivatives, central counterparties and trade repositories.  It is the first CCP to have been authorised under EMIR and is one of the key stepping stones to the introduction of mandatory clearing of derivatives in the EU.

Travers Smith advises IronFX Global on its sponsorship agreement with FC Barcelona

26 Mar 2014

Travers Smith IP/IT partner Dan Reavill, assisted by associate Robert Carling, has advised IronFX Global on an international sponsorship agreement with FC Barcelona.

The sponsorship agreement will see Cyprus-based IronFX Global become an “official partner” of the renowned football club throughout the world. The arrangement gives IronFX Global extensive marketing and promotional rights over FC Barcelona’s brand and player images.

About IronFX Global

Travers Smith acts on the 17bn kroner ($3.1bn) acquisition of Nets Holding A/S

26 Mar 2014

A Travers Smith team led by firm senior partner Chris Hale and senior corporate associate Adam Orr has advised management on the acquisition of Nets Holding A/S. Advent International Corp., Bain Capital LLC and Danish pension fund ATP have agreed to buy the Nordic card-payment business for 17 billion kroner ($3.1 billion).

Nabarro advises on £92.9m online gaming IPO

26 Mar 2014

Nabarro has advised Cenkos Securities on the AIM IPO of XLMedia plc expected to raise £41.8m and lead to a market capitalisation of £92.9m. XLMedia is a global digital publisher and marketing company for online gaming operators, with customers such as Betson, Mr Green, 888.com, Bet365, Ladbrokes and William Hill.

Believed to be one of the largest traffic providers to the online gambling industry, XLMedia controls over 2,000 websites providing content in 17 languages and has a strong presence in the Scandinavian market.

Ashurst advises on project financing of hydroelectric plant

25 Mar 2014

Ashurst advised a consortium of banks in relation to the project financing of a 3 Mw hydroelectric plant located in the Friuli region, Italy.

The plant is owned by Idroelettrica Slizza S.r.l., a company controlled by AGM Energia. The € 16 miliion financing, which includes a VAT facility, has been arranged by Iccrea BancaImpresa S.p.A., the corporate arm of Iccrea banking group. The lenders included Banca di Carnia e Gemonese - Credito Cooperativo, Mediocredito Trentino-Alto Adige S.p.A. and Cassa Centrale Raiffeisen dell'Alto Adige S.p.A.

Herbert Smith Freehills advises CBA on its exit from property funds and property asset management platform

25 Mar 2014

Herbert Smith Freehills has advised Commonwealth Bank of Australia (CBA) on its exit from its property funds management and property asset management platform. The property platform provided management services to three listed trusts with over A$20 billion in property assets under management.

The trusts were CFS Retail Property Trust Group (CFX), Commonwealth Property Office Fund (CPA) and the Kiwi Income Property Trust (KIPT). The platform also included various unlisted wholesale funds and third party property mandates.

Freshfields advises Global Co-ordinator on landmark €577m PBCE project bond financing for major Belgian road building project

25 Mar 2014

Freshfields Bruckhaus Deringer advised the Global Co-ordinator in relation to the financing of the A11 PPP Road Project in Belgium. It is the first "greenfield" infrastructure project to be financed with the benefit of the European Investment Bank’s Project Bond Credit Enhancement Facility (“PBCE”). The PBCE is a key element in the efforts to revive debt capital markets funding for European infrastructure projects.