The Eversheds Dutch and UK Banking & Finance teams assisted HSBC Bank plc, acting through its Dutch branch office in Amsterdam, in negotiating a revolving credit facilities agreement for the amount of USD 75,000,000 (with an accordion option) with AVG Technologies N.V. and its material subsidiaries. The security package in favour of HSBC Corporate Trustee Company (UK) Limited, acting as security agent, relates to assets located in the Netherlands, United Kingdom, United States of America, Czech Republic and Cyprus.

Watson, Farley & Williams Asia Practice LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised SapuraKencana Petroleum Berhad (“SapuraKencana”), a major oil & gas services company headquartered in Malaysia, on the debt and equity financing of its acquisition of the entire issued share capital in Seadrill Tender Rig Ltd (“Seadrill”) and certain other related businesses and assets. The acquisition included purchasing 18 tender drilling rigs from Seadrill (6 semi-tenders, 9 tender barges and 3 newbuilds.

Simmons & Simmons is advising J.P. Morgan Limited and Numis Securities Limited on the recommended offer for May Gurney Integrated Services PLC by Kier Group plc

Simmons & Simmons is advising J.P. Morgan Limited and Numis Securities Limited on the recommended offer for May Gurney Integrated Services PLC (“May Gurney”) by Kier Group plc (“Kier”). The offer is to be implemented by way of a scheme of arrangement, pursuant to which Kier will acquire the entire issued and to be issued ordinary share capital of May Gurney.

Slaughter and May advised Dentsu Aegis Network Ltd (formerly Aegis Group plc, 'Aegis') in connection with a US$400 million term loan facility with Mitsubishi UFJ Trust and Banking Corporation. On 26 March 2013 Aegis became a wholly owned subsidiary of Dentsu Inc. ('Dentsu'), following completion of the takeover of Aegis by Dentsu.
 
Contacts

Financing: Miranda Leung (partner), Brandon Ovington (associate)

Wragge & Co's energy and infrastructure finance experts have advised a syndicate of banks on a reserve-based lending facility worth up to $500 million for exploration and production company, Petroceltic International.

Partner Kieron Dwyer said: "This was a fantastic transaction to be involved in. It demonstrates our ability to advise leading lenders in the upstream oil and gas industry on significant exploration and production transactions, especially in emerging markets."

International law firm Pinsent Masons has advised Lloyds TSB Bank plc, Santander UK, HSBC Bank plc and The Royal Bank of Scotland plc on certain banking facilities forming part of £535 million worth of financing arrangements for Costain Group PLC in connection with its proposed all-share merger with May Gurney Integrated Services PLC.

The merger, which was announced to the markets on 27 March, will – if completed – create one of the leading integrated services providers in the UK.

Verisona Solicitors and DLA Piper have advised Pompey Supporters' Trust (PST) and Portsmouth City Council respectively on the purchase of Portsmouth Football Club rescuing it from administration and creating the largest community owned football club in the country.

Portsmouth City Council and South Point Finance Limited have provided PST with the extra funds required in order for the purchase of Portsmouth Football Club to go ahead.

Simmons & Simmons Advises Greenhill & Co. International on CPPGroup Plc’s Disposal of its North American Business

Simmons & Simmons is advising Greenhill & Co. International LLP, a leading independent global investment banking firm focused on mergers and acquisitions, financial restructuring and merchant banking, as sponsor to CPPGroup Plc (“CPP”) on the disposal of CPP’s North American business for a total cash consideration of US$40 million (approximately £26.1 million). The disposal was announced on 17 April 2013.

Pinsent Masons has provided vendor due diligence and acted as legal advisor to Santander in connection with the provision of banking facilities totalling £15m to Reuse Glass, the UK's largest purchaser and recycler of glass.

Operating from its glass treatment plants in Knottingley, Doncaster, South Kirkby and Harlow, Reuse currently processes around 30 per cent of the UK market's requirements.

DLA Piper has represented ABN AMRO, Rabobank, BNP Paribas and Société Générale on the financing Refresco ahead of its anticipated merger with Gerber Emig. The transaction is subject to the approval of competition authorities, and is expected to be completed before the end of summer this year.

The merger between Refresco and Gerber Emig will create a pan-European bottler of soft drinks and fruit juices to serve retail and branded customers. Refresco will own 70% of the shares, the remaining 30% will be owned by the Gerber Emig.