Baker & McKenzie acted as transaction legal and tax counsel in the securitization of consumer loans of Home Credit & Finance Bank Limited Liability Company (“Home Credit Bank”). This is the first ever domestic securitization of consumer loans in Russia.
Clifford Chance has advised Aareal Bank AG on the refinancing and capex financing of five Dutch hotels and three London hotels owned by PPHE Hotel Group Limited (the "Group''). The three London hotels owned by the Group are Park Plaza Riverbank, Park Plaza Victoria and Park Plaza Sherlock Holmes, the five Dutch hotels operated and owned by the Group are Park Plaza Victoria Amsterdam, Park Plaza Vondelpark, Park Plaza Eindhoven, Park Plaza Amsterdam Airport and Park Plaza Utrecht.
Clifford Chance Paris advised the lead managers (BNP Paribas, Crédit Suisse, Goldman Sachs International, HSBC and ING) on the issue of Euro 1,200,000,000 (in two tranches) hybrid undated deeply subordinated bonds by Solvay Finance.
The issued bonds are listed on the Luxembourg Stock Exchange as from 12 November 2013 and are intended to be accounted for as equity of the Solvay Group under IFRS, and to benefit from 50 per cent equity credit from the rating agencies.
The Clifford Chance team comprised Cédric Burford (partner) and Aileen O'Riordan.
Allen & Overy LLP has advised Berenberg, Gossler & Co. KG and JP Morgan Securities plc as underwriters in connection with a capital raising by Grand City Properties SA.
The issue of 27,000,000 new no-par value bearer shares under exclusion of subscription rights of existing shareholders, the company's share capital by EUR 8,842,500.00 was increased by EUR 2,700,000 to EUR 11,542,500. The new shares were issued at an issue price of EUR 6.50. The total proceeds of approximately EUR 175.5 million will be used by the Company to finance various acquisitions.
Norton Rose Fulbright has advised Morgan Stanley on competition law aspects in regard to their acquisition of a minority stake in iSwap. The inter-dealer platform for the trading of interest rate derivatives was launched in 2010 by ICAP plc as an electronic trading platform for over-the-counter (OTC) derivatives. It was one of the first electronic inter-dealer trading platforms for euro interest rate swap.
Pinsent Masons has advised the Sponsor (Quam Capital Limited) and the Underwriters, on the HK$72 million (equivalent to approximately £5.7 million) placing of shares and listing of China Binary Sale Technology Limited (“China Binary”) on the Growth Enterprise Market of the Hong Kong Stock Exchange
China Binary is principally engaged in providing online transaction services by (i) facilitating transactions between online game operators and online game users; and (ii) providing mobile top-up service to mobile subscribers.
Ashurst has advised Bank of Ireland and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ BANK) on the financing of the acquisition of the Competence Call Center Group (CCC) by Silverfleet Capital GmbH. The provider of the call center services was sold by AXA Private Equity. The parties have agreed not to disclose the purchase price and other details of the transaction.
CCC employs over 4,500 staff in Vienna, Bratislava, Bucharest, Dresden, Essen, Istanbul, Leipzig, Paris and Zurich.
CMS in London is advising Masraf Al Rayan Q.S.C. (“MAR”), one of the leading banks in Qatar on its recommended takeover offer for Islamic Bank of Britain plc (“IBB”). MAR, which is also listed on the Qatar Exchange, is making the offer through its wholly owned UK subsidiary Al Rayan (UK) Limited (“Al Rayan UK”).
Simmons & Simmons is advising J.P. Morgan Cazenove and Oriel Securities as joint bookrunners on a £11.9m placing of shares in Picton Property Income Limited.
The Simmons & Simmons team comprises corporate partner Chris Horton and corporate associate Sarah Clarke, US securities associate Tara Waters, tax partner Nick Cronkshaw and tax associate Zoe Arnautov.
Burges Salmon has advised WH Ireland Limited and Shore Capital Stockbrokers Limited in their capacity as joint brokers to the London and Midlands focused housebuilder Mar City Plc, an AIM quoted company, on its placing to raise approximately £35 million by way of a placing of 437,500,000 new ordinary shares at 8 pence per share. This is conditional on shareholder approval at a general meeting to be held on 16 December 2013 and its associated £30.8m acquisition of land.