Irwin Mitchell, has advised its client Centric Commercial Finance on a deal which has saved more than 200 jobs across the Midlands.
The deal, which follows the government's announcement to sell off or close Remploy factories, sees Remploy Automotive being acquired by Arlington Industries Group in London.
Ashurst advised Citigroup Global Markets Limited, who acted as sponsor in relation to the sale by London listed miner Kazakhmys PLC (Kazakhmys), of its 50% interest in Ekibastuz LLP, the owner of Kazakhstan's biggest power station, and 100% of the issued share capital of Kazhydrotechenergo LLP to Samruk-Energo, a subsidiary of Samruk-Kazyna, the Kazakh sovereign wealth fund, which owns the other 50% interest in Ekibastuz LLP.
Norton Rose Fulbright has acted on the infrastructure bonds that have refinanced part of the existing bank debt relating to the Adani-owned Abbot Point Coal Terminal No: 1 that services the vast Bowen and Galilee coal basins. On 10 December the Australian Government announced approval of the expansion of the Abbott Point coal port facility which will be the world’s largest when the expansion is completed.
The refinancing was partly funded by the issuance of BBB-rated senior notes with a face value of $500 million.
Norton Rose Fulbright has advised Goldman Sachs International on the successful R5.482 billion (US$525 million) rights offer of African Bank Investments Limited. The rights offer, which was oversubscribed by 64%, was fully underwritten by Goldman Sachs International and saw over 685 million new shares issued to the bank’s existing shareholders.
African Bank Investments Limited is the largest provider of unsecured loans in South Africa and is listed on the Johannesburg Stock Exchange.
Hogan Lovells advised UBS as underwriter in respect of the rights issue of 7,568,593,180 shares on the basis of two rights shares for every five existing shares held by shareholders in G-Resources Group Limited, a mining exploration and production company listed on the Hong Kong Stock Exchange. This transaction was worth the equivalent of US$156 million.
Hogan Lovells advised UBS AG, Hong Kong Branch ("UBS"), Haitong International Securities Company Limited and ABCI Capital Limited on the US$199 million Hong Kong IPO and Rule 144A placing of Times Property Holdings Limited, one of the leading property developers in Guangdong Province, China.
The Hogan Lovells team advising on the transactions was led by Hong Kong partner Terence Lau and supported by partner Thomas Tarala, consultant Nelson Tang, senior associate Donald Fung and associates Priscilla Lee, Don Chan, Sheryl Cheung, Cristine Lam and Jianhao Zheng.
Freshfields Bruckhaus Deringer has advised a consortium of underwriters for the US$2.5bn IPO of Cinda Asset Management Co. Ltd on the Hong Kong Stock Exchange, which took place today and is the largest IPO in Hong Kong in the year to date.
The underwriting consortium is comprised of 18 banks, including Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs, Morgan Stanley, UBS, BOCI and CCB International.
Freshfields advised the underwriters on both the United States and Hong Kong aspects of the offering.
Clifford Chance has advised international KBC Bank as lead arranger on a priority revolving credit facility of EUR 90 million for FieldLink NV and is accompanied by a high-yield bond of €285 million subject to the law of the State of New York. This cross-border operation involved teams from seven countries of Clifford Chance (the Netherlands, France, Belgium, Germany, Spain, Italy, the United Arab Emirates/Dubai). ABN AMRO Bank acted as agent and ING Bank as collateral agent on behalf of the lending banks and bondholders .
Clifford Chance has advised Japan Bank for International Cooperation (JBIC) as the largest single provider of project finance debt to the Az-Zour North 1 power and water project, the first such project to be implemented under Kuwait's new Public Private Partnership (PPP) Laws.
Norton Rose Fulbright has advised international projects and export finance bank KfW IPEX-Bank GmbH on the financing of two onshore wind farms owned and operated by RES.
The financing takes the form of 15-year term loans to two RES project companies, funding the Tallentire Hill Wind Farm, a 12MW, 6 turbine wind farm in Cumbria, England, and Meikle Carewe Wind Farm, a 10.2MW, 12 turbine wind farm in Aberdeenshire, Scotland.