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Finance & Banking

CMS advises Banco Santander and Ahorro Corporación Financiera on Grupo Ortiz’s tender offer and on its bond issuance on the MARF.

17 Jul 2018

CMS has advised Banco Santander and Ahorro Corporación Financiera as dealer managers on the tender offer made by Grupo Ortiz. Furthermore, it has advised them as placement entities on the issuance of bonds by Grupo Ortiz on the Alternative Fixed-Income Market (MARF) for amounts of c. 26 million and 50 million euros, respectively.

Baker McKenzie Advised SEB in Connection with MTN-programme

16 Jul 2018

Skandinaviska Enskilda Banken AB (SEB) has updated its Medium Term Note-program (MTN-program) which is part of the bank's current debt financing.
 
Baker McKenzie advised SEB on the MTN-programme and the base prospectus, which was approved by the Swedish financial supervisory authority, Finansinspektionen, on July 10, 2018.
 
Participants from Baker McKenzie were mainly Joakim Falkner, Stefan Balazs and Per Blom.

Banorte Refinances Skywalk at US-Mexico Border

16 Jul 2018

Baker McKenzie assisted lender Banorte in a US$90 million refinancing agreement with Otay-Tijuana Venture, LLC for the Cross Border Xpress, a pedestrian crossing that connects the Tijuana International Airport in Mexico with the San Diego customs terminal in the United States.

Built by Otay – Tijuana, the bridge, which opened for business in December 2015, was the first to connect a facility in the US directly into a foreign airport terminal. Spanning 390 feet, the CBX serves approximately 2.4 million passengers.

Mayer Brown advised Société Générale on the acquisition of Pharmatis

16 Jul 2018

Mayer Brown advised Société Générale on the financing of the debt associated with the acquisition of Pharmatis by UI Gestion, BPIFrance Investissement, MASCF, AFRICINVEST and the managers, from the founders.

The Mayer Brown team advising Société Générale on the financing aspects included: Francois-Régis Gonon (partner), Delphine Zhuang and Constance Bouchet.

COSCO Shipping Holdings and Shanghai International Port Public Takeover of Orient Overseas (International) Limited

16 Jul 2018

Davis Polk is advising Citigroup Global Markets Asia Limited as independent financial adviser to the independent board committee of Orient Overseas (International) Limited (“OOIL”) on the acquisition of all of the issued OOIL shares held by qualifying OOIL shareholders by COSCO Shipping Holdings Co., Ltd. (“COSCO SHIPPING Holdings”) and Shanghai International Port (Group) Co., Ltd. (“SIPG”) by way of a general offer.

Davis Polk Advises 51 Credit Card on Its HK$1.0 Billion (US$130.0 Million) Initial Public Offering

16 Jul 2018

Davis Polk advised 51 Credit Card Inc. (“51 Credit”) in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The net proceeds from the offering amounted to approximately HK$1.0 billion (US$130.0 million) prior to the exercise of the over-allotment option.

51 Credit operates the largest online credit card management platform and the largest online consumer finance marketplace targeting credit card holders in China.

Jeantet closes the acquisition of the French and Monaco business of KBL European Private Bankers SA by Société Générale de Banque au Liban S.A.L. – SGBL

16 Jul 2018

Jeantet advised Compagnie Financière Richelieu, a French company incorporated by Société Générale de Banque au Liban (SGBL), a Libanese corporate and investment bank, in connection with the acquisition of the private banking and portfolio management activities of KBL European Private Bankers SA in France and Monaco.

Bryan Cave Leighton Paisner (Russia) LLP advises MasterCard Member Association on launch of Russia’s first Cash-Out service via POS terminals

16 Jul 2018

Bryan Cave Leighton Paisner (Russia) LLP has advised MasterCard Member Association on its launch of Cash-Out at Point Of Sale payment via bank cards at shop tills (tentatively named “Cash-Out” or “Purchase with Cash Back”), the first of its kind in the Russian market.

DLA Piper advises Cowen and Company in US$35 million confidentially marketed public offering

16 Jul 2018

DLA Piper advised Cowen and Company, LLC as the sole underwriter in the US$35 million confidentially marketed public offering of common stock of Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP).

Cowen and Company, LLC is an investment banking firm that provides financial advisory services to healthcare, technology, telecommunications, media and entertainment, aerospace, and defense sectors.