International law firm Freshfields Bruckhaus Deringer has completed two Dutch securitisations in the first quarter of 2013 with a total value of €4.3 billion.
Lawrence Graham LLP has advised Cenkos Securities Plc ("Cenkos"), financial advisor and broker to Ithaca Energy Inc ("Ithaca"), in relation to its £203 million proposed acquisition of Valiant Petroleum Plc ("Valiant"). Valiant initiated a formal sales process on 6 September 2012 under the regime in the City Code on Takeovers and Mergers as part of its strategic review.
Travers Smith corporate partner Andrew Gillen is leading a team advising Panmure Gordon & Co Limited as broker, sole bookrunner and proposed nominated adviser and Daniel Stewart & Company plc as current nominated adviser in connection with the proposed reverse takeover of Platinum NanoChem Sdn. Bhd. by AIM listed Biofutures International plc and the related placing of new ordinary shares.
Ashurst advised J.P. Morgan Cazenove on the £37 million placing by Big Yellow Group PLC, the market leading brand in the UK self storage sector. The placing was conducted through an accelerated book-building process. J.P. Morgan Cazenove acted as sole bookrunner in respect of the placing.
International legal practice Norton Rose has advised the Managers on Dubai Electricity and Water Authority’s (DEWA) Sukuk issuance of US$1 billion certificates due in 2018.
The Managers comprised Abu Dhabi Islamic Bank PJSC, Citigroup Global Markets Limited, Dubai Islamic Bank PJSC, Emirates NBD Capital Limited, Standard Chartered Bank and The Royal Bank of Scotland plc as Joint Lead Managers and Commercial Bank International PJSC, Sharjah Islamic Bank (SIB) and Union National Bank as Co-Managers.
Hogan Lovells advised a syndicate of five lenders on the EUR80 million refinancing of French holiday park operator Siblu, owned by private equity firm Bridgepoint Development Capital.
The deal has been heralded as demonstrating the growing importance of alternative credit providers to the European leveraged finance mid-market. In addition to advising Barclays and Société Générale, Hogan Lovells also advised credit funds Haymarket Financial, Babson and French fund, Tikehau, with the credit funds forming the largest part of the lending group.
Allen & Overy LLP hat die Credit Suisse Securities (Europe) Limited bei der erfolgreichen Platzierung einer Wandelanleihe der Air Berlin im Volumen von €140 Millionen beraten.
Ashurst advised the funders on the successful development and financing, by a consortium of Korea Electric Power Corporation (KEPCO), Mitsubishi Corporation and Wartsila, of the approximately US$ 800 million IPP3 independent power project in the Hashemite Kingdom of Jordan, which reached financial close on 7 March 2013.
Ashurst acted as international legal counsel to Nomura and AAA Securities in connection with the Indonesian initial public offering of PT Steel Pipe Industry of Indonesia Tbk, the largest steel pipe manufacturer in Indonesia by production capacity. The transaction was the year's first Indonesian IPO to be accompanied by an international offering.
The Ashurst deal team consisted of Hong Kong-based US partner Stuart Rubin, US counsel Ethan Perry and US associate Li Jiang. Partner Jonathan Parry and associate Simon Bullock provided advice on English law matters.
Milan: International legal practice Norton Rose has advised Banca IMI S.p.A . as arranger and lender on a €22.08 million limited recourse financing for the construction, operation and maintenance of four biogas-vegetable waste plants (aggregate capacity 4 MW). The plants are owned by four Italian special purpose vehicles which are in turn owned by Kinexia Group, a company listed on the Italian Stock Exchange (MTA – electronic stock market) and active in the renewables sector.