Shearman & Sterling advised the lenders on the refinancing and recapitalization of Ipsen, a portfolio company of Quadriga Capital. The financing was structured as a unitranche, provided by funds advised by Barings Global Advisers, in combination with a super senior revolving credit facility and a guarantee facility, both provided by ABN AMRO and HSBC Trinkaus & Burkhardt.
Shearman & Sterling advised GB Finance on its joint sale with GAIA of a one-third stake in MNT investments to the second fund of Development Partners International (DPI), a leading African focused private equity firm, for an aggregate amount of EGP 750 million. MNT investments is the main shareholder in Microfinance Consulting Services (Mashroey) and Tasaheel Microfinance Company S.A.E (Tasaheel).
Skadden represented Basler Kantonalbank (BKB) in reaching a deferred prosecution agreement (DPA) with the U.S. Department of Justice to resolve a charge that it conspired to help U.S. taxpayer-clients evade their U.S. tax obligations, file false federal tax returns and otherwise hide hundreds of millions of dollars in offshore bank accounts. The DPA resolves a seven-year investigation into the bank by U.S. authorities.
Global, sector-focused law firm HFW has advised The Royal Bank of Scotland plc and NatWest Markets plc in connection with the US$2.2 billion debt restructuring of Danaos Corporation and its subsidiaries.
HFW advised RBS and NatWest on the maritime, finance and security aspects of the restructuring, working together with Sullivan & Cromwell, which advised RBS on the restructuring, U.S. Chapter 11 and debt-for-equity aspects of the transaction, in which certain lenders became shareholders in Danaos.
Shearman & Sterling advised the lenders on the refinancing and recapitalization of Ipsen, a portfolio company of Quadriga Capital. The financing was structured as a unitranche, provided by funds advised by Barings Global Advisers, in combination with a super senior revolving credit facility and a guarantee facility, both provided by ABN AMRO and HSBC Trinkaus & Burkhardt.
Global law firm White & Case LLP has advised a bank consortium consisting of BNP Paribas, Credit Suisse Securities (Europe) Limited, ING Bank N.V., MUFG Securities EMEA plc and Skandinaviska Enskilda Banken AB (publ) on a €1.75 billion dual tranche bond issue by BMW Finance N.V.
Heuking Kühn Lüer Wojtek advised HypoVereinsbank on the invitation to bid on and the re-awarding of the facility management for some 500 German properties used by banks, including data centers. Heuking Kühn Lüer Wojtek’s comprehensive legal advice ranged from drawing up the specifications to drafting and negotiating the new contract. The advisory team for HypoVereinsbank was jointly led by Dr. Carsten Schrader, Partner in Munich, and Dr. Thomas Nickel, Partner in Frankfurt.
Ashurst has acted as the legal adviser to Commonwealth Securities Limited as the Lead Arranger and the Joint Lead Managers on Tribeca Global Natural Resources Limited's proposed A$250 million initial public offering and listing on the ASX as a listed investment company.
The Joint Lead Managers include Morgans Financial Limited, Ord Minnett Limited, Shaw & Partners Limited and Taylor Collison Limited. Tribeca Global Natural Resources Limited's investments will be managed by Tribeca Global Resources Pty Ltd.
Groundbreaking transaction reduces Mriya’s total debt by US$790.5 million.
Olifan Group, a leading French wealth management expert, extends its investment strategy to the French institutional property market by launching OLIFAN Immo 18, its first real estate collective investment scheme open to professionals (Organisme de Placement Professionnel Collectif Immobilier, or OPPCI).
In partnership with group MAPFRE, a Spanish leading insurer, OLIFAN Immo 18 has acquired a first office use asset in the greater Paris area, for an estimated value of over EUR 43 million.