Simpson Thacher recently represented HCA Inc. in increasing its existing $2.5 billion asset-based revolving credit facility by $750 million to $3.25 billion.
HCA is the largest non-governmental hospital operator in the U.S. and a leading comprehensive, integrated provider of health care and related services.
The Simpson Thacher team for this transaction included James Cross, Brian Gluck and Sophia Karas (Credit).
Linklaters has advised the lending and underwriting banks as Tata Steel UK Holdings Limited ("TSUKH") executed agreements for the refinancing of its bank debt through term loan and revolving credit facilities of €3.05 billion. The debt was originally incurred in relation with the acquisition of Corus Group plc in 2007. The 2007 deal remains the biggest foreign acquisition by an Indian company.
Clifford Chance has advised 3i on the financing of the acquisition of CHRIST. CHRIST is established as a top selling business of jewellery and watches in Germany with a large collection of affordable luxury jewellery. CHRIST is also successfully engaged in the e-commerce business. The company consists of 220 retail outlets across Germany with around 2,400 employees.
Paul Hastings LLP represented the banks in financing the on the financing for IBC Capital Limited’s acquisition of Goodpack Limited, a Singapore publicly-listed company and affiliate of, leading global investment firm, KKR.
A voluntary bid for all the shares in the listed company Hurtigruten ASA was made public. The bidders are TDR Capital LLP and Silk Bidco AS. Silk Bidco AS is a joint venture company indirectly owned by Home Capital AS, Periscopus AS and investment fund managed by TDR Capital LLP.
The bid values the total share capital to approx. NOK 2 940 million. Read the press release from Hurtigruten here.
AdeB has together with Cravath, Swaine & Moore LLP and Clifford Chance assisted the debt provider to the bidders.
Clifford Chance has advised Commerzbank and Landesbank Baden-Württemberg on the financing of the acquisition of the Ziegler Group by DPE Deutsche Private Equity GmbH from CODEX Zweite Beteiligungsgesellschaft mbH, Staufen.Invest GmbH and Ralf Stokar von Neuforn.
The Ziegler Group is a global manufacturer of nonwovens with plants in Germany and Hungary. The Group's most important markets include the automotive industry and its suppliers, and the furniture and the plastics processing industries.
ForFarmers B.V. and certain of its subsidiaries entered into a EUR 300 million multicurrency revolving credit facility with ABN AMRO, BNP Paribas, Lloyds Bank PLC, and Rabobank. This new facility replaces the existing facilities for ForFarmers B.V. and BOCM Pauls Ltd., amounting to EUR 120 million and GBP 86 million respectively, due to mature in 2015, 2017 and 2019.
Simmons & Simmons is advising Investec Bank plc on the recommended offer for Allocate Software plc (“Allocate”) by Acorn Bidco Limited (“Acorn”) for cash consideration of approximately £109.6 million which will be partially funded using loan facilities provided by Hayfin Capital. The balance will be funded through financing provided by certain funds managed by Hg Pooled Management Limited. The offer is to be implemented by way of a scheme of arrangement, pursuant to which Acorn will acquire the entire issued and to be issued ordinary share capital of Allocate.
Ashurst advised DPE Deutsche Private Equity GmbH (DPE) on the financing of the acquisition of Ziegler Group, a manufacturer of technical non-wovens based in Germany and Hungary. Ziegler products can be found in cushioning material for the furniture industry and insulation for the construction industry, as well as insulation used in the manufacture of glass and carbon fibre reinforced plastics. Furthermore, the automotive industry has become an important part of Ziegler Group's business.
Squire Patton Boggs Peña Prieto Gamundi, the Santo Domingo, Dominican Republic office of Squire Patton Boggs (US) LLP, acted as special Dominican counsel for Dominican Power Partners (DPP) in connection with the closing of a syndicated credit facility for an aggregate principal amount of up to US$260 million. DDP is the first investment in the Dominican Republic for AES Corporation, one of the largest private investors in the electrical sector in the Dominican Republic.