International law firm Trowers & Hamlins has advised Halton Housing Trust on a large scale refinancing project.

The project involved two private placements and a linked restatement of Halton Housing Trust's existing facilities agreement.

The team worked on Halton's funding strategy completing three major transactions. The first of these transactions was a note issuance to an existing investor worth £20m completed in the summer of 2017.

The Frankfurt, Munich and London offices of Weil advised financial investor Novalpina Capital in its voluntary takeover offer for Tallinn-based listed Olympic Entertainment Group AS in what is the largest transaction of this kind in the Baltic region to date. Odyssey Europe AS, a company owned by funds advised by Novalpina Capital, is making the voluntary takeover offer to acquire 100% of the shares in Olympic Entertainment Group at a price of €1.90 in cash per share.

Global law firm White & Case LLP has advised Enel Américas S.A., a Chilean subsidiary of Enel S.p.A., on its up to US$1 billion revolving financing.

The facility has been granted by a group of lenders led by BNP Paribas as documentation agent, and Credit Agricole as administrative agent, and also including Citibank, JPMorgan and Sumitomo Mitsui.

The financial investor DPE Deutsche Private Equity has acquired a majority stake in VTU Engineering. Clifford Chance advised a bank syndicate made up of UniCredit, LBBW and Raiffeisenlandesbank Oberösterreich on financing the acquisition.

VTU is a leading provider of engineering services for planning and optimising process facilities in the pharmaceutical, biotechnology, chemicals, metallurgy, crude oil and natural gas industries. The company has more than 400 employees at 20 locations in Austria, Germany, Switzerland, Italy and Romania.

Dentons’ Baku office has advised PASHA Bank, a leading investment and corporate bank in Azerbaijan, acting as an arranger for the US$15 million syndicated loan facility.

A Dentons team, headed by partner Kamal Mammadzada and counsel Ulvia Zeynalova-Bockin, acted as lead counsel on the project. Their work included drafting a bilingual Azerbaijani law precedent (based on the LMA precedent), negotiating among multiple parties, and bringing the deal to a close.

Taylor Wessing is providing complex legal advice to RIVERROCK EUROPEAN OPPORTUNITIES FUND II LIMITED in connection with financing the acquisition of VITRABLOK by private equity firm ASC Investment.

Global law firm White & Case LLP has advised J.P. Morgan, as mandated lead arranger and agent, on the financing of ADLER Real Estate AG's acquisition of up to 70 percent of Brack Capital Properties N.V. (BCP), a public limited liability company incorporated in the Netherlands and listed on the Tel Aviv Stock Exchange with total assets amounting to around €1.6 billion.

Shearman & Sterling advised ABN AMRO on the financing of the acquisition of HALEX Holding GmbH by Bencis Capital Partners. The financing was structured as a unitranche in combination with a super senior revolving credit facility.

Baker McKenzie FenXun (FTZ) Joint Operation Office ("Baker McKenzie FenXun" or the "Joint Operation") recently assisted Excel Partners China Fund, L.P. ("Excel") on a USD 175 million secured term loan facility by a consortium of five leading international banks, led by Deutsche Bank AG as mandated lead arranger, to three Barbados subsidiaries of Excel as borrowers.

Shearman & Sterling advised CVS Health Corporation (CVS Health) on its $40 billion bond offering to finance a portion of the purchase price for its acquisition of Aetna Inc. (Aetna). This is the third-largest corporate bond sale on record. This acquisition financing supports CVS’s industry-transforming $69 billion acquisition of Aetna, on which the firm also advised. CVS’s acquisition of Aetna is expected to provide more integrated and efficient healthcare services for consumers and health professionals.