Resource

 

 

 

 

 

 

 

 

 

 

 

Finance & Banking

Herbert Smith Freehills advises on A$247 million wind farm project

27 Jun 2013

Herbert Smith Freehills has advised Mandated Lead Arranger and Bookrunner, National Australia Bank Limited, and Mandated Lead Arrangers Bank of China Limited, Bank of Communications Co. Ltd., China Construction Bank Corporation and Industrial and Commercial Bank of China Limited to achieve financial close of the AU$247.2 million construction and term facilities limited recourse project financing for the 165.5MW Gullen Range Wind Farm near Goulburn, New South Wales in Australia.

Clifford Chance advised Goldman Sachs International and Bank of America Merrill Lynch on German multifamily CMBS of real estate loans to companies in the Gagfah group

27 Jun 2013

Clifford Chance advised Goldman Sachs International and Bank of America Merrill Lynch on the largest CMBS transaction in Europe since the beginning of the financial crisis. The bonds issued by the Irish special purpose vehicle German Residential Funding 2013-1 Limited are secured by real estate loans secured on residential real estate granted to two limited partnerships which are companies in the GAGFAH group, the largest listed residential company in Germany.

Trowers & Hamlins advises Affordable Housing Finance on successful bid for government guarantee licence

27 Jun 2013

Trowers & Hamlins has acted for Affordable Housing Finance Plc (AHF), a subsidiary of long-standing client The Housing Finance Corporation (THFC), in relation to its successful bid to the Department for Communities and Local Government (DCLG) to enter into an exlusive licence to offer guaranteed long-term debt to provide registered providers. Through the scheme, DCLG will gurantee up to £3.5bn of debt for AHF on terms of up to 30 years.

Ashurst advises sponsors in relation to £3 billion ENRC takeover bid

26 Jun 2013

Ashurst is advising Kazakhmys' sponsors, Citi and JPMorgan Cazenove in relation to the £3 billion offer for Eurasian Natural Resources Corporation (ENRC) by a consortium in order to take the mining group private. The consortium comprises the mining group's founders Alexander Machkevitch, Alijan Ibragimov and Patokh Chodiev along with the Kazakh government. Under the terms of the offer, Kazakhmys will be entitled to a cash consideration of US $887 million and 77,041,147 of its own shares (which will be acquired by way of a share repurchase).

Popular Doncaster Business Park Acquired In The 'Right' Deal

26 Jun 2013

Irwin Mitchell Supports Multi-Million Pound Acquisition

The Wright Business Park at Carr Hill in Doncaster has been acquired by J3 Business Park Doncaster LLP in a multimillion pound deal.

The site, located near to Peglers and Bridon, comprises an area of 23 Acres and is occupied by a mix of local and national businesses including Hallgarten Wines Limited, Volkerail, Bridon and A & K Autospares.

The acquisition was funded following a new financial agreement with Santander Corporate & Commercial.
 

Allen & Overy deliver Russian banking giants on USD3.45bn UK P2P financing

25 Jun 2013

Allen & Overy advised the Russian state-owned banks, Sberbank of Russia and VTB Capital plc (the investment banking division of JSC VTB Bank), as arrangers and lenders under a USD1.7bn public-to-private acquisition financing facility and related refinancing facilities totalling USD1.75bn on the forthcoming public offer for the ordinary shares of Eurasian Natural Resources Company plc (LSE: ENRC) by Eurasian Resources Group B.V., which was announced to the London Stock Exchange on 24 June 2013.

Hogan Lovells Advises UBS and Standard Chartered Bank as Co-Financial Advisers on the US$1.63 Billion Dairy Acquisition

21 Jun 2013

Hogan Lovells has advised UBS AG ("UBS") as lead financial adviser and Standard Chartered Bank (Hong Kong) Limited ("Standard Chartered Bank") as joint financial adviser to China Mengniu Dairy Company ("Mengniu") on its voluntary general offer for Hong Kong-listed Yashili International Holdings ("Yashili"), one of the largest domestic pediatric milk formula producers and retailers in China. The cash and share offer values Yashili at HK$12.64bn (US$1.63bn).

The offer is for all outstanding shares in Yashili not already owned by Mengniu.

Clifford Chance advises RBS Morgans and Petra Capital on capital raising by Ingenia Communities Group

20 Jun 2013

Sydney: Leading international law firm Clifford Chance has advised RBS Morgans and Petra Capital in their capacity as joint lead managers on the successful A$22 million capital raising completed by Ingenia Communities Group.

Ingenia is a leading owner, operator and developer of seniors' housing communities in Australia.  Proceeds of the raising will be used to fund acquisitions of managed home estates.

Partner Lance Sacks led the Clifford Chance team advising the joint lead managers, assisted by associate Owen Thomas.