Global law firm Eversheds has advised the bank funders, Santander and United Overseas Bank Limited, London Branch, in relation to the financing of a consortium of investors on the $450m development of a three hectare riverfront hotel-led site directly linked to The O2 Arena, on the Greenwich Peninsula, London.
Herbert Smith Freehills has won a string of awards at Project Finance International's annual PFI Awards ceremony, and has also been ranked for the first time in Dealogic's league table of global legal project finance advisors, marking an extremely successful year for our global team.
The firm won the following four categories at the PFI Awards, which took place at London's Hilton Hotel on 30 January 2013:
* Asia Pacific Deal of the Year for our advice to the banks on the Ichthys LNG Project– the largest project financing globally in 2012
The banking team at law firm Pannone has advised on the £6m management buyout of Winder Power Limited.
The Leeds-based company, which manufactures power distribution and generation equipment, is now owned by its management team, led by managing director Laurence MacKenzie, operations director Andy Pinkney, general manager Paul Matthews and finance director Jo Evans.
The deal was backed by fund manager Enterprise Ventures and Bank of Ireland UK.
Herbert Smith Freehills has advised the Joint Lead Managers of Westpac Banking Corporation’s (Westpac) offer of a new Tier 1 hybrid security known as Westpac Capital Notes, which are fully paid, non-cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac. The offer is to raise $1.25 billion, with the ability to raise more or less.
Westpac Capital Notes are expected to be quoted on the ASX and offered with an issue price of $100 each.
Osborne Clarke is advising finnCap Limited in its capacity as financial adviser to Spadille Limited (a wholly-owned subsidiary of Abu Dhabi Capital Management LLC) on its £26m recommended mandatory cash offer for Northacre plc.
The Osborne Clarke team is being led by corporate finance partner, Jonathan King.
http://www.osborneclarke.co.uk/media/sectors/financial-services/2013/os…
The Singapore office of Watson, Farley & Williams LLP (“WFW”), a leading international law firm, is pleased to announce that it advised DVB Group Merchant Bank (Asia) Ltd (“DVB”) and China Development Bank, as co-lenders who financed the acquisition, on a US$358.6 million sale and leaseback transaction of a portfolio of maritime containers for China Shipping Container Lines (“CSCL”) and CDB Leasing (“CDBL”).
The portfolio of containers represented approximately 20% of the containers owned by CSCL as at 31 December 2011.
Paris, Norton Rose, cabinet d’avocats d’affaires international, a conseillé un pool bancaire de cinq banques françaises et internationales à l’occasion du financement de cinq tranches, d’une capacité cumulée de 55 MWc, de la centrale de Toul-Rosières développée par EDF Energies Nouvelles (EDF EN) en Meurthe et Moselle.
Ashurst advised the existing lending and hedging banks, Barclays Bank PLC, GE Corporate Finance Bank SAS, Lloyds TSB and RBS on the sale of freehold interests in a large proportion of the hospitals owned by the Spire Group to Moor Park Capital Partners. This resulted in a prepayment to the existing banks of circa £600m. The firm also advised on a complex tax driven group re-organisation and a resizing of both the opco and propco facilities.
Ashurst advised Jefferies and Canaccord Genuity on the £23.1 million placing by IGas Energy plc, a leading AIM-listed E&P company with exposure to shale in the UK. Jefferies International and Canaccord Genuity acted as joint bookrunners in connection with the placing, which was conducted through an accelerated book-building process.
Legal Team Supports Banking Giant In Major Deal
A team from Irwin Mitchell’s Sheffield and Leeds offices has advised banking giant HSBC on its multi-million pound refinancing of Naylor Industries.
In a deal which sees South Yorkshire Investment Fund manager YFM Equity Partners exit the organisation five years after its original investment, HSBC’s regional Commercial team has provided a comprehensive £14 million finance package to support its growth.