National law firm, Irwin Mitchell, has advised Lloyds Bank Commercial Banking on a new £20m revolving credit facility which it is providing for housing company, MJ Gleeson Group.
Founded in Sheffield more than 100 years ago, MJ Gleeson will use the facility to help it accelerate its growth plans and take advantage of renewed confidence in the housing market.
Ashurst has advised finance investor Odewald KMU Gesellschaft für Beteiligungen mbH on the financing of the acquisition of Spieth & Wensky group from its previous owners, Harmuth Spieth and Rainer Wensky. The financing was provided by Sparkasse Passau.
The Ashurst team was led by Munich-based finance partner Dr Bernd Egbers, supported by associate Isabell Pöller and paralegal Anna Zoth.
Odewald KMU was advised internally by partner Heiko Arnold and investment manager Igor Golubov.
Ashurst has advised Joyou AG on securing a USD100 million (approx. €77 million) syndicated loan facility for its wholly-owned subsidiary Hong Kong Zhongyu Sanitary Technology Limited. The coordinating arranger for the loan is Nomura International (Hong Kong) Limited. The purpose of the loan is to repay short-term borrowings and thereby to align Joyou's financing structure with the company's asset structure. In addition, the loan will be used for ongoing investments of the Joyou group, particularly for the expansion of its production facilities.
Allen & Overy has advised Total Gabon (an affiliate of longstanding client Total) on a USD300m revolving facility. Société Générale advised on the financial aspects of the facility.
Allen & Overy LLP advised SAP AG, the world leader in enterprise software, in connection with the financing of its acquisition of hybris AG, the industry leader in e-commerce platform technology headquartered in Zug, Switzerland. SAP AG and hybris AG announced a corresponding agreement on 5 June 2013.
Shoosmiths' Shaun McCabe has acted as part of a team of experts to NorthEdge Capital to acquire a majority stake in Jigsaw24.
Partner and banking specialist McCabe advised Nottingham-based Lloyds Corporate bank and Lloyds Commercial finance on its provision of senior debt and invoice finance facilities to NorthEdge to fund the acquisition and working capital.
Wragge & Co has advised long-standing client Santander UK plc on a third Growth Capital deal in as many months. A team of banking specialists, led by banking partner Kirsty Barnes, advised the bank on providing four loan facilities totalling £1.5 million to Zest Foods Ltd, part of the Tossed group. The funding will enable London salad bar chain Tossed to open a further eight new stores in addition to its existing portfolio of eleven.
Wragge & Co's energy and infrastructure finance experts have advised Nedbank on a €20 million reserve-based lending facility for Italian exploration and production company, Po Valley Energy.
International legal practice Norton Rose has advised UniCredit and Banca IMI on a €90 million financing to Pastificio Rana S.p.A.
Norton Rose advised Standard Chartered Bank as coordinating bank and other lenders on the USD1.85 billion bridge financing to SapuraKencana Drilling Pte. Ltd. as part of the USD2.9 billion acquisition comprising of both debt and equity elements by SapuraKencana of the Seadrill tender rig business involving 18 offshore rigs in total.