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Banking & Finance - Bank Lending/Credit Facilities

Hogan Lovells Luxembourg advised Swissport on Aerocare acquisition financing

09 Apr 2018

Following November 2017 agreement signed by Swissport to acquire Aerocare, number one ground handling operator in Australia and New Zealand, Hogan Lovells advised Swissport on banking and corporate aspects of the transaction financing and acquisition completion.

Swissport is the world’s largest provider of ground and cargo handling services in the aviation industry. It operates across 315 airports around the world with a work force in excess of 68,000 personnel.

WFW advises NORD/LB on acquisition financing of perfume distributor Albrecht & Dill Cosmetics

06 Apr 2018

Watson Farley & Williams (“WFW”) has advised Norddeutsche Landesbank Girozentrale and NORD/LB Luxembourg S.A. Covered Bond Bank on the financing of the acquisition of Albrecht & Dill Cosmetics GmbH (“A&D”) by German Equity Partners IV, a fund managed by the private equity firm ECM Equity Capital Management. The financing, which included a working capital facility, closed on 28 February 2018.

WFW advises banks on €80m Pavia Acque financing

05 Apr 2018

Watson Farley & Williams (“WFW”) advised a syndicate of banks including UniCredit S.p.A., UBI Banca S.p.A. and MPS Capital Services Banca per le Imprese S.p.A. on a €80m financing for the integrated water management system of Pavia province (Lombardy, Italy), managed by Pavia Acque S.c.ar.l. (“Pavia Acque”). The facility will be used for further investment in the water management sector, in line with Pavia Acque’s 2016 – 2033 Investment Plan.

Herbert Smith Freehills advises arrangers on acquisition financing for GlaxoSmithKline

04 Apr 2018

HSF London's finance team has advised the mandated lead arrangers on their successful acquisition financing for GlaxoSmithKline's $13 billion buyout of Novartis' 36.5% stake in their consumer healthcare joint venture.

The team involved in negotiating the financing was led by partner Will Nevin with the assistance of senior associate Elliot Beard and key associates Oliver Henderson and Ben Robinson.

Stephenson Harwood advises SMBC Group on investment loan refinancing of retail elements at Centre Point

04 Apr 2018

Stephenson Harwood LLP has advised Sumitomo Mitsui Banking Corporation Europe Limited – part of the SMBC Group – on a bilateral investment facility, provided by SMBC Group to Almacantar, secured on the retail elements of Centre Point.

The provision of this facility by SMBC Group, a global provider of commercial banking services, to Almacantar, a property investment and development company, follows the successful development by Almacantar of the iconic tower.

Milbank Advises H.I.G. Capital on Financing for the Acquisition of CONET and ACT

30 Mar 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised funds managed by H.I.G. Capital LLC on the refinancing of the acquisition of the CONET group and their add-on acquisition of the ACT Group. Both investments were made in 2017 and are now refinanced by way of a long-term senior financing with super-senior facility feature provided by Pemberton Asset Management and Siemens Bank.

Milbank Advises on Financing for the Acquisition of Swyx Solutions by Waterland

30 Mar 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the German office of Pemberton, the diversified asset manager, on a unitranche financing for the acquisition of Swyx Solutions by private equity investor Waterland.

Pemberton is backed by Legal & General Group PLC, one of Europe’s largest insurers. It is focused on delivering long-term capital for European borrowers, which in turn supports growth across the wider European economy.

Acquisition Financing of BOAL by Equistone

29 Mar 2018

Shearman & Sterling advised funds managed by Equistone Partners Europe on the financing of the acquisition of BOAL Group. BOAL Group was sold by Ronald Boers as well as founder Marinus Boers, both of whom will retain a minority shareholding. BOAL’s management team will also acquire a minority stake in the business. The financial terms of the deal are undisclosed and the acquisition remains subject to clearance from anti-trust authorities.

Allen & Overy advises Barclays on syndicated revolving credit facility for ADO Properties S.A. in the amount of 175 million euro

28 Mar 2018

Allen & Overy LLP has advised Barclays Bank PLC as co-ordinator and agent on a syndicated revolving credit facility for ADO Properties S.A., a Luxembourg-based real estate company operating primarily in Berlin, in the amount of 175 million euro.

The financing bank syndicate further consisted of ABN AMRO Bank N.V., BNP Paribas S.A. Niederlassung Deutschland and Société Générale S.A., Frankfurt Branch, acting as mandated lead arrangers and bookrunners.