Debevoise & Plimpton LLP has advised PJSC MMC Norilsk Nickel (“Nornickel”), a longstanding client of the firm, on an up to $2.5 billion syndicated term loan facility with an international syndicate comprising 17 banks and financial institutions.
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.
Clifford Chance has advised infrastructure investor Global Infrastructure Partners (GIP) on the financing of the acquisition of a 50 percent stake in the offshore wind park Borkum Riffgrund 2, which is currently being constructed. The seller of the stake with a total volume amounting to EUR 1,170 billion is Danish incorporated energy supplier Ørsted A/S (formerly DONG Energy A/S).
Global law firm Norton Rose Fulbright has advised FTSE 250-listed company, Tullow Oil plc, in relation to the refinancing of its US$2.5 billion reserves based lending facilities and consequential amendments to its $600 million senior secured revolving credit facility.
A consortium of 18 commercial banks including ING, DNB, Natixis, BNP Paribas, Crédit Agricole, Lloyds Bank and Bank of China provided US$2.4 billion of the reserves based lending facilities. The IFC, a member of the World Bank Group, provided a further US$100 million.
Global law firm Norton Rose Fulbright is advising Hongkong and Shanghai Banking Corporation Limited (HSBC) as financial advisor in the HK$795 million (US$102 million) sale of 73% interests in Roadshow Holdings Limited, which is principally engaged in media sales and advertising on transit vehicles, online portal, mobile applications and outdoor signage.
The seller of Roadshow Holdings is Hong Kong-listed Transport International Holdings Limited, the largest public transport operating in Hong Kong controlled by Sun Hung Kai Properties Limited.
Squire Patton Boggs has advised Appen Limited (Appen) ASX: APX in relation to debt financing associated with its acquisition of Leapforce, Inc. and RaterLabs, Inc. (Leapforce).
Swedish private equity investor IK Investment Partners has acquired the professional school tutoring provider Studienkreis from investment group Aurelius. Clifford Chance advised IK Investment on the financing of the transaction.
The transaction is subject to clearance from the antitrust authorities and is due for completion around the end of this year.
The financing has been structured as a unitranche/super senior term and revolving facility.
Ashurst advised a banking syndicate comprising SEB AG, UniCredit Bank AG and Bremer Kreditbank AG on financing the acquisition of svt Group (svt), a leading provider of solutions for preventative or passive fire protection and damage management in Germany, by Ergon Capital Partners (Ergon). Svt was sold by Pan-European private equity firm IK Investment Partners (IK). Financial terms of the transaction are not disclosed.