International law firm Simmons & Simmons has assisted Chequers Capital, IGI SGR S.p.A. and the management of Rollon S.p.A. as sellers on the direct and indirect disposal of the entire share capital of Rollon S.p.A. to US giant Timken, a NYSE-listed company.

Rollon S.p.A. is a European leading company specialising in engineered linear motion products headquartered in Italy.

The Timken Company engineers, manufactures and markets bearings, gear drives, automated lubrication systems, belts, chain, couplings and linear motion products.

Clifford Chance and its cooperation firm in Saudi Arabia Abuhimed Alsheikh Alhagbani Law Firm (AS&H) advised HSBC Saudi Arabia, The Saudi British Bank and Al Rajhi Bank on the SAR 1,200,000,000 Islamic financing to Saudi Airlines Cargo Company (SACC), which signed on 10 September 2018. The financing will be used to fund the expansion of SACC’s cargo facilities at King Abdul Aziz International Airport in Jeddah and King Khalid International Airport in Riyadh.

International law firm Fieldfisher acted for new bridging loan market entrant, Glenhawk Financial Services, on its successful bid to secure a funding line from UK-based Shawbrook Bank and a global asset manager.

A specialist team made up of experts from Fieldfisher's banking, real estate and corporate practices advised the company on a syndicated facility to accelerate its entry into the short-term property financing market.

Baker McKenzie recently advised CITIC Metal on its acquisition of a 19.5% stake in Canadian mining company, Ivanhoe Mines, for CAD723 million (approximately USD556 million). The transaction will see CITIC Metal become the largest single shareholder in Ivanhoe Mines.

Weil is representing Goldman Sachs in providing a £5.2 billion bridge facility to support the pending $6.4 billion acquisition by Marsh & McLennan Companies, Inc. of Jardine Lloyd Thompson Group plc (JLT), a leading provider of insurance, reinsurance and employee benefits-related advice, brokerage, and associated service worldwide. The transaction expected to close in spring 2019, subject to receipt of required antitrust and regulatory approvals, and the approval of JLT shareholders.

LONDON – Reed Smith has advised the joint bookrunners, Jefferies International Limited (Jefferies) and Stifel Nicolaus Europe Limited (SNEL), on a secondary fundraising for infrastructure investment company BBGI Sicav (BBGI).

The accelerated bookbuild, which closed on 13 September, raised £67.2 million through the placing of 48 million shares, which will be admitted to the premium segment of the official list and to trading on the London Stock Exchange’s main market.

Sidley has advised on the initial public offering of Innovax Holdings Limited (Innovax) (HKEX: 2680) on the Main Board of the Stock Exchange of Hong Kong Limited. Our clients were Innovax Capital Limited and Sinolink Securities (Hong Kong) Company Limited as joint sponsors, Innovax Securities Limited, Sinolink Securities (Hong Kong) Company Limited, BMI Securities Limited, Marketsense Securities Limited and Telecom Digital Securities Limited as the underwriters. The total offering amount was HK$180 million (approximately US$23.1 million).