Ashurst advised J.P. Morgan and BofA Merrill Lynch as financial advisers to US investment firm Royalty Pharma on the cash offer for the entire issued and to be issued share capital of pharmaceutical group Elan Corporation plc.
The offer price is up to US$12 per Elan share including each Elan share represented by an Elan ADS, dependent on the outcome of a Dutch auction.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised DNB Bank ASA, on behalf of the syndicate of lenders, on a US$1.35bn senior secured credit facility to the Ocean Rig group.
Ashurst advised a banking consortium comprising DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Bremer Landesbank Kreditanstalt Oldenburg (Girozentrale), Deutsche Apotheker- und Ärztebank eG, KBC Bank Deutschland AG and NIBC Bank N.V. in connection with the add-on financing in order to acquire Peter Janssen-Group by Munich nursing home operator Silver Care Group. All members of the banking consortium acted as lenders and arrangers. With regard to the add-on financing, DZ Bank acted as agent and collateral trustee.
Law Firm Supports Bank In Latest Deal
The Sheffield office of law firm Irwin Mitchell has advised on a deal which has seen Yorkshire-based printer Acorn Web Offset being acquired by its management team.
Acorn specialises in magazine, brochure and catalogue printing and generates a turnover of approximately £15 million a year. It employs around 100 people at its Normanton-based premises.
Watson, Farley & Williams LLP (WFW), a leading international law firm, is pleased to announce that it has acted for Nordea Bank Norge ASA on a US$355m loan facility to Exmar LPG BVBA, a joint venture between Exmar and Teekay.
This deal follows WFW’s advice to Nordea on the joint venture arrangements and amendments to certain loan facilities documented in December 2012/January 2013.
Ashurst have acted for Lloyds TSB Bank plc on the financing of Lion Capital's acquisition of GHD. Lloyds has fully underwritten the £150m all-senior leveraged buyout package backing the take-over of the UK hair care products manufacturer from Montagu Private Equity. The debt package has now been syndicated.
Allen & Overy LLP advised Merck KGaA on a EUR 2 billion syndicated loan facility. With partner Dr. Neil George Weiand and associate Dr. Urs Lewens (both banking and finance, Frankfurt) advising, this was another financing transaction where Allen & Overy acted for Merck KGaA.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Seaspan Corporation on a facility agreement between ICBC (Industrial and Commercial Bank of China) of up to US$350,000,000. The secured loan will be used to refinance Seaspan’s existing debt obligations for seven vessels, and will be split into two loan agreements.
Projects, Commodities and Structured Finance partner Mark Lawson, who is also Seaspan’s relationship partner, was assisted by solicitor George Macheras, both of WFW London.
Law firm CMS has advised UniCredit, Raiffeisen and Sberbank as lenders of a 5-year USD 250 million loan to GeoProMining (“GPM”), a diversified metals resource company operating gold and copper mines in Russia and Armenia.
Ashurst has advised LBO France on the acquisition financing of Alvest Group to AXA Private Equity and Equistone Partners Europe.
Alvest, through its TLD subsidiary, is a French industrial group, and global leader of ground support