Ashurst advised Israeli bank Mizrahi Tefahot Bank on the financing of the acquisition of Lumenis Ltd. by XIO Group. The Chinese investment company purchased the majority of the shares in the NASDAQ-listed medical technology company for US$510 million. The shares were sold by Lumenis' major shareholders, Viola Group and XT Hi-Tech Investments (1992) Ltd., which collectively owned approximately 59 per cent of the shares.

Israel-based Lumenis Ltd. is a global leader in the field of minimally-invasive clinical solutions for the surgical, ophthalmology and aesthetic markets.

TOUAX has announced it had refinanced a €67.5 million credit facility. After refinancing a €55 million facility for asset financing in the first half of 2015, and issuing €23 million in ORNANE-style bonds (redeemable in cash or shares) in early July, TOUAX has now announced it has refinanced a €67.5 million credit facility.

The financing matures in 2019, and is made up of a revolving facility and an term loan.

Allen & Overy has advised VTB Capital plc on the financing for Sacturino Limited’s cash offer (along with the existing majority shareholder) for shares in Polyus Gold International Limited, a publically listed company on the London Stock Exchange and Russia’s largest gold producer. This USD9bn deal is one of the most significant public-to-private bids in the Russian gold mining sector and contributes to the growing trend of companies that have been taken private in recent months.

Allen & Overy LLP has advised Deutsche Bank AG on a revolving credit facility in the amount of USD 650 million for the Danish Bunker Holding A/S. Thus, the world leading company within bunker trading has increased its financing facilities by 50%.

The new financing facility covers a five-year period and includes additional options to increase the facility with up to 35%. The facility is established with an international group of 8 banks, led by Deutsche Bank AG as coordinator.

DLA Piper has advised R. STAHL Aktiengesellschaft, headquartered in Baden-Württemberg, on a EUR 95 million corporate financing deal. The financing deal is being arranged by Deutsche Bank AG and HSBC Trinkaus & Burkhardt AG, with Baden-Württembergische Bank and Commerzbank Aktiengesellschaft acting as additional loan providers.

The contract provides for a credit line of EUR 80 million in cash and EUR 15 million in guarantees. In addition, an enhancement option of EUR 25 million has been agreed. The loan has a term of five years.

Dentons’ Baku office advised EIB on a €50 million loan to the International Bank of Azerbaijan (IBA), the largest bank in Azerbaijan, to finance projects promoted by SMEs and midcaps. The loan corresponds to the objectives of the EIB’s mandate for lending outside the EU, which focuses on the development of the local private sector, in particular support to SMEs, social and economic infrastructure and climate change mitigation and adaptation.

Ashurst advised UniCredit Bank AG (UniCredit) on the granting of a €75 million syndicated loan to Rothenberger AG (Rothenberger), a world leader in pipe tools and machines. UniCredit acts as co-ordinator, arranger and bookrunner of the loan. The loan serves among other things to refinance an existing framework credit line in the amount of €44 million. Besides UniCredit, Commerzbank AG, HSBC Trinkaus & Burkhardt AG, Frankfurter Sparkasse as well as Baden-Württembergische Bank act as further syndicate banks.

Allen & Overy LLP advised Bayer on all financing aspects in connection with the spin-off of the MaterialScience division, now doing business under the name of Covestro, and on the IPO of Covestro AG.

The advice also comprised the conclusion of a syndicated facility agreement for Covestro AG.

Ince & Co Singapore acted as lead legal counsel to a syndicate of banks, led by SMBC, as Coordinating Bank, with respect to two non-recourse term loan facilities of US$180 million each provided to BW Pavilion LNG for the purpose of acquiring two newbuild LNG vessels (the BW Pavilion Vanda and BW Pavilion Leeara) built at Hyundai Heavy Industries. The other banks in the syndicate were OCBC, CIC, DBS, Société Générale and the financial institution Clifford Capital. SMBC is also the Facility Agent, Security Trustee and Account Bank.

Simmons & Simmons has advised Chiltern International (‘Chiltern’) on the financing for its acquisition of Theorem Clinical Research Holdings, Inc (‘Theorem’) which completed on 11 September 2015.

The cross-border team from Simmons & Simmons advised Chiltern on all aspects of the financing, which was arranged by Hayfin, ICG and Lloyds Bank plc.