Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components. As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management.

Allen & Overy LLP has advised DZ BANK AG as arranger and documentation agent on a secured syndicated loan in the amount of EUR 170 million granted to Raiffeisen Waren-Zentrale Rhein-Main eG.

The financing was arranged by DZ BANK AG, along with Coöperatieve Rabobank U.A., Frankfurt am Main branch, Landesbank Baden-Württemberg, NIBC Bank Deutschland AG, Norddeutsche Landesbank -Girozentrale- and UniCredit Bank AG.

The Allen & Overy team comprised counsel Dr. Mark Hallett and senior associate David J. Schmidt (both banking and finance, Frankfurt).

Clifford Chance Moscow team has advised a syndicate of banks on the EUR150 million Russian law syndicated facility for PJSC Chelyabinsk Pipe plant (ChelPipe), the leading Russian manufacturer of tubular goods and the provider of integrated solutions for fuel and energy companies.

The deal was closed as a four-year unsecured facility. Raiffeisenbank, Commerzbank, UniCredit, Rosbank, ICBC and Agricultural Bank of China Limited acted as Mandated Lead Arrangers. Raiffeisenbank acted as Documentation Agent and Facility Agent for the Facility.

Slaughter and May, has advised Nordea Bank AB (publ) (together with Citibank, N.A., London Branch and Skandinaviska Enskilda Banken AB as the Original Lenders) on the SEK 11 billion term facility agreement made available to Tele2 AB (publ) to finance a merger with Com Hem Holding AB (publ).

Slaughter and May worked as a team with Nordea’s in-house counsel in Sweden.

Contacts

Stephen Powell (partner), George Silber (associate), David Hay (associate), Polly Streather (trainee)

CMS advised the Hungarian multinational oil and gas company on a EUR 75m revolving credit facility provided by a group of 13 banks. The new facility was arranged as a club deal with a group of MOL's relationship banks. It has a tenor of five years (with two one year extension options), and can be drawn in both euros and US dollars. Societe Generale acted as the facility agent.

The CMS team assisting MOL included Partners Simon Dayes and Erika Papp and Consultant Stefania Lepore.

Linklaters has advised a consortium of banks on the financing of the acquisition of Paysafe Group Plc by Blackstone and CVC. Paysafe is a leading global online payments services company serving more than 125,000 merchants in over 100 countries and this transaction is one of the largest public-to-private takeovers of the year and one of the top 10 largest European LBO's of 2017.
 

Linklaters has advised a consortium of banks on the financing of the acquisition of Paysafe Group Plc by Blackstone and CVC. Paysafe is a leading global online payments services company serving more than 125,000 merchants in over 100 countries and this transaction is one of the largest public-to-private takeovers of the year and one of the top 10 largest European LBO's of 2017.
 

Schulte represented UBS AG, Stamford Branch, as administrative agent, and UBS Securities LLC, as sole lead arranger, in connection with a $420-million U.S. dollar-denominated term loan, a €200-million euro-denominated term loan and a $20-million revolving credit facility for affiliates of ION Investment Group in their acquisition of a controlling stake in Dealogic from affiliates of The Carlyle Group and certain other owners. Dealogic is a global provider of data and analytics for capital markets.

The financing was extended by funds advised by Permira Debt Managers, one of Europe's leading specialist debt investors.

Willkie client Permira Credit Solutions III G.P. Limited, advised by Permira Debt Managers, financed the acquisition of Technogroup IT-Service by Vitruvian Partners.

Founded in 1990, Technogroup offers third party maintenances services for IT systems in data centers, in particular insurance-like technology maintenance services. Technogroup serves over 4,000 customers across Germany, Austria and Switzerland.

Slaughter and May is advising a consortium of investors led by Draper Gain Investments Limited on the acquisition of privately owned International Trimmings and Labels Plc, a leading designer, manufacturer and distributor of apparel labelling and identification products and supply chain management solutions with operations in the United Kingdom, Canada, China, India, Sri Lanka, Turkey, Bangladesh, Vietnam, Mexico, North America and South Africa. The transaction, effective as of 31 December 2017, values ITL at $187m on a debt-free, cash-free basis.