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Finance & Banking

Schulte Advises Priority Holdings LLC in Combination with M I Acquisitions Inc.

27 Jul 2018

Schulte advised Priority Holdings LLC, one of the nation's fastest growing payments companies, in its definitive purchase agreement with M I Acquisitions Inc. to become a publicly traded company. Priority and M I, a special purpose acquisition company, will combine and be renamed Priority Technology Holdings Inc. The transaction builds upon Priority Holdings' growth strategy, uniquely positioning them as a highly differentiated technology platform that delivers a value-added collection of payment and business solutions.

Orrick Advises creditshelf on IPO in Prime Standard of Frankfurt Stock Exchange

26 Jul 2018

Orrick advised Frankfurt-based fintech company creditshelf, a pioneer in the digital financing of medium-sized companies in Germany, on today's listing in the Prime Standard of the Frankfurt Stock Exchange. creditshelf Aktiengesellschaft has placed 206,250 shares in creditshelf with investors at a fixed price of EUR 80.00 per share.

White & Case Advises Bank Syndicate on €780 Million Refinancing Of Cheplapharm Arzneimittel

26 Jul 2018

Global law firm White & Case LLP has advised a bank syndicate on the €780 million refinancing of Cheplapharm Arzneimittel GmbH (Cheplapharm).

The transaction is comprised of a term loan B cov-light facility of €530 million with a seven-year term, and a revolving loan of €250 million with a six-year term.

Allen & Overy advises on first HKQAA certified green bond issuance by a financial institution

26 Jul 2018

HONG KONG - Allen & Overy has advised the joint global coordinators and joint lead managers on the issue of USD731m equivalent dual-currency multiple-tranche senior unsecured green bonds by ICBC (Asia) under its USD6bn MTN programme.

 This was the first green bonds issued by a financial institution to have received the Pre-issuance Stage Certificate from the Hong Kong Quality Assurance Agency (HKQAA).

Blake Morgan advise Coach Inns on their acquisition of The Long Arms

26 Jul 2018

Abergavenny-headquartered Coach House Inns has acquired the Longs Arms in Steeple Ashton, Wiltshire.

A six-figure funding package for the deal was provided by HSBC with James Mugleston and Paul Duggan of Blake Morgan having advised HSBC. It is Coach House Inns’ first acquisition this year and its fourth in total, and forms part of the company’s ambitious acquisition strategy.

King & Wood Mallesons advises 51 Credit Card Inc. on its listing in Hong Kong

26 Jul 2018

On 13 July 2018, 51 Credit Card Inc., China’s leading fintech company, was successfully listed on the main board of the Hong Kong Stock Exchange (stock code: 2051) with the issue price of HKD 8.5 per share and the market value exceeding HKD 10 billion. The fintech unicorn 51 Credit Card Inc. has become the first Chinesemainland based fintech company that got listed in Hong Kong.

Orrick Advised ING Bank on £18.4 Million Financing of a Wind Farm in the United Kingdom

25 Jul 2018

A cross-border Orrick team of lawyers in Munich, Düsseldorf, and London advised ING Bank, a branch of ING-DiBa AG, on the £18.4 million debt financing of the Lilbourne wind farm in Northamptonshire, United Kingdom, with Union Investment being the sponsor.

Union Investment (Union Asset Management Holding AG) is the investment arm of the German DZ Bank Group and part of the cooperative financial services network. It has been founded in 1956 and is headquartered in Frankfurt.

Ashurst advises on the first major UK biomass deal in 2018

25 Jul 2018

International law firm Ashurst advised the lenders on the £174 million refinancing of a biomass and landfill gas portfolio owned by Octopus Investment ("Octopus"), part of Octopus Group, making it one of the largest transactions of its kind and the first major UK biomass deal in 2018.

The refinancing of the Melton Renewable Energy UK Limited portfolio consists of a £152 million term loan, £10 million revolving credit facility and £12 million debt service reserve facility.

Shoosmiths makes waves by advising on the sale of Radio Forth's home

25 Jul 2018

National law firm Shoosmiths has advised client Svenska Handelsbanken AB (Handelsbanken), a leading Swedish bank, on its multi-million loan to Thistle Property Group to acquire office buildings Forth House and Playfair House.

The offices are situated close to the St James development. The former is let in its entirety to Radio Forth and the latter to various other occupiers, was sold from Property investment advisor London and Oriental (L&O) for £4.5million.