Skadden represented Société Générale in successfully resolving long-standing investigations by (i) the U.S. Department of Justice (DOJ) and the U.S. Commodity Futures Trading Commission (CFTC) into certain of Société Générale’s interbank offered rate submissions, and (ii) the DOJ and the French Parquet National Financier (PNF) into violations of the U.S. Foreign Corrupt Practices Act and French anti-corruption laws in connection with historical conduct involving Libyan counterparties.

Global law firm White & Case LLP has advised UniCredit, Société Générale S.A. and Banco Santander, S.A., as joint lead managers, on a €600 million ABS securitisation transaction of auto loans of Santander Consumer Bank AG rated by Moody's and DBRS Ratings. The issuer is SC Germany Auto 2018-1 UG (haftungsbeschränkt).

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Citigroup Global Markets Asia Limited and China Merchants Securities (HK) Co., Limited as the sponsors to the listing of 51 Credit Card Inc. (‘51 Credit Card’) on the Main Board of the Hong Kong Stock Exchange (‘HKSE’) and other underwriters of the offering. The offering comprises approximately 118,703,000 shares (subject to the over-allotment option) and is worth approximately US$129m. The shares commenced trading today (13 July 2018).

Milbank, Tweed, Hadley & McCloy LLP has advised BNP Paribas, Citigroup Global Markets Limited, Goldman Sachs International and J.P. Morgan Securities plc as Initial Purchasers in connection with Autodis S.A.’s offering of €175 million Senior Secured Floating Rate Notes due 2022 as additional notes under its existing indenture and the upsizing of its revolving credit facility.

Shearman & Sterling advised J.P. Morgan Securities plc as sole bookrunner on Radisson’s offering of €250 million 6.875% senior secured notes due 2023. The firm also advised J.P. Morgan as mandated lead arranger in connection with a new €20 million revolving credit facility made available to Radisson.

Ashurst is advising Deutsche Bank in relation to the increased offer by 21st Century Fox for Sky plc, announced today. Deutsche Bank is acting as lead financial advisers to 21st Century Fox in relation to the proposed acquisition. Under the terms of the increased offer, 21st Century Fox will acquire the remaining 61% of shares in Sky that it and its affiliates do not already own. Ashurst also advised Deutsche Bank in relation to 21st Century Fox's initial offer for Sky announced in December 2016.

Eversheds Sutherland advises Cynergy Capital Limited on significant acquisition

Eversheds Sutherland has advised Cynergy Capital Limited (Cynergy) on its proposed acquisition of Bank of Cyprus’ UK banking operations, comprising Bank of Cyprus UK Limited (BOC UK) and its subsidiary Bank of Cyprus Financial Services Limited, for a headline consideration of £103m (subject to customary purchase price adjustments).

The acquisition is expected to complete by the end of 2018 and is subject to approval by the regulators of both Bank of Cyprus and BOC UK.

International law firm Gowling WLG has acted for London investment bank Panmure Gordon on a secondary fundraising by B.P. Marsh & Partners plc, an AIM-listed specialist venture capital investor in early stage financial services businesses.

The £17m fundraising comprised a placing to a new investor, an entity in the ASX-listed PSC Insurance Group, raising gross proceeds of £15.5 million, together with an open offer to existing shareholders which was significantly oversubscribed and raised gross proceeds of £1.5 million.