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Banking & Finance - Capital Markets: Structured/Project Finance

Shearman & Sterling Advises Light Rail Manila Corporation on the P65 Billion (US$1.4 Billion) LRT 1 Cavite Extension Project

25 Feb 2016

Shearman & Sterling advised Light Rail Manila Corporation (“LRMC”) on the development and financing of the Light Rail Transit 1 Cavite Extension project (LRT 1 project).  The sponsors for the project are Metro Pacific Investments Corp, Ayala’s AC Infrastructure Holdings and Macquarie Infrastructure Holdings. The total project cost is P65 billion (approximately US$1.4 billion), of which P24 billion (approximately US$504 million) will be financed by way of a limited-recourse loan from the bank market.

Ashurst advises banks on financing of 30 electrical trains for German transport network Südhessen-Untermain

25 Feb 2016

Ashurst advised Bayerische Landesbank (BayernLB), Crédit Agricole Corporate and Investment Bank (CACIB) and Landesbank Hessen-Thüringen Girozentrale (Helaba) in connection with financing 30 electrical multiple units (EMUs) from the manufacturer Alstom for regional transport company Hessische Landesbahn (HLB). The banks are providing a special purpose vehicle (SPV) of DAL Deutsche Anlage Leasing, Mainz, with the necessary financing. The SPV is thereby acquiring brand-new EMUs of the type CORADIA Continental with a purchase price of ca.

DLA Piper acts for Credit Suisse Energy Infrastructure Partners AG on Fosen Vind - the largest on-shore wind farm in Europe

24 Feb 2016

DLA Piper has acted for a European investor consortium advised by Credit Suisse Energy Infrastructure Partners AG on all aspects of a 40 per cent investment into the Fosen Vind Wind Project in Norway (1 GW) - a project which is set to create the largest on-shore wind farm in Europe and one of the largest wind farms in the world. The transaction spanned a period of 12 months and at all stages encompassed work streams from DLA Piper's integrated corporate, energy regulatory, real estate, projects, due diligence and debt financing practice teams across six jurisdictions.

Slaughter and May is advising CICC - privatisation offer by Profit Strong Investments Limited and Max Glory Limited for Dongpeng Holdings Company Limited

23 Feb 2016

Slaughter and May, Hong Kong, is advising China International Capital Corporation Hong Kong Securities Limited (CICC) in its capacity as financial adviser and as lender of a certain funds facility in relation to the privatisation offer by Profit Strong Investments Limited and Max Glory Limited for Dongpeng Holdings Company Limited (Dongpeng) to be implemented by way of a pre-conditional scheme of arrangement (the Scheme). The pre-conditional offer was announced on 18 February 2016.

WFW advised HSH Nordbank on €30.2m Finnish wind park project financing

23 Feb 2016

Watson Farley Williams (“WFW”) has advised HSH Nordbank AG (“HSH Nordbank”) on the financing of the Finnish onshore wind park “Silovuori“.

HSH Nordbank provided a long-term financing of €30.2m to developer ABO Wind AG (“ABO Wind”) for ”Silovuori”, which is located 100 km to the south of the town of Oulu.

DLA Piper acts for Nord LB on the hybrid financing for Cloghboola wind farm

22 Feb 2016

DLA Piper has acted for Nord/LB and Hastings’ advised funds on the hybrid financing of the Cloghboola operational wind farm in County Kerry, Republic of Ireland bought by Gaelectric (a leading developer and operator of renewable energy projects in wind, bioenergy and solar across the UK, Republic of Ireland and the US) from Enercon on the same day as the financing.  

Cloghboola is a 16 turbine (46MW) wind farm, which became operational in 2015.

One Belt One Road: Linklaters advises on landmark project along the China-Pakistan Economic Corridor

22 Feb 2016

Linklaters has advised on one of the largest and most complex project financing deals along the China-Pakistan Economic Corridor.

Pakistan and China have signed financing agreements amounting to approximately US$1.95 billion for the development of the Thar Block II 3.8 MT/A coal mining project and associated 2x330MW coal-fired power plant to be developed in the Thar region of Pakistan. The project is expected to be commissioned in 2018.

Mayer Brown advises Gaw Capital Partners on purchase of 123 Buckingham Palace Road and associated financing

19 Feb 2016

London - Mayer Brown has advised Gaw Capital Partners, the Hong Kong-based real estate private equity firm, on the purchase and financing of 123 Buckingham Palace Road, Victoria, SW1, on behalf of a consortium of investors. The firm also advised Gaw Capital on the financing of the simultaneous acquisition of 151 Buckingham Palace Road, Victoria, SW1.

Together, the landmark properties provide 480,000 sq.ft. of office space with ground floor retail offering.

WFW advises RoundShield on UK solar park construction financing

18 Feb 2016

Watson Farley & Williams (“WFW”) has advised existing client RoundShield Partners LLP (“RoundShield”) on the construction financing to Greenheath Energy Limited (“Greenheath”) for the 12.5 MW Toggam Farm solar park near Lakenheath, Suffolk, East Anglia, UK.

London-headquartered RoundShield is an asset-backed special opportunities investment firm focused on European small to mid-cap special opportunities, including the renewable energy sector.