Milbank, Tweed, Hadley & McCloy LLP advised BPI Capital Corporation, as sole global coordinator, and Deutsche Bank, HSBC and J.P. Morgan as joint lead managers and joint bookrunners, in connection with the issuance of US$600 million 4.25% notes due 2023 by Bank of the Philippine Islands (“BPI”). The issuance was a drawdown from BPI’s US$2 billion medium term note program established in June 2018.
Global law firm White & Case LLP has advised the ad-hoc group of secured creditors of Concordia International Corp. (Concordia) on its US$3.7 billion recapitalization.
Matheson advised Canadian-owned Irving Oil on its acquisition of Top Oil. The acquisition will complete once all conditions of the sale have been met (including approval by the Competition and Consumer Protection Commission in Ireland).
Founded in 1924, Irving Oil operates Canada’s largest refinery in Saint John, New Brunswick, along with more than 900 fuelling locations and a network of distribution terminals spanning Canada and New England. It also operates Ireland’s only refinery, located in Whitegate, Co. Cork.
Clifford Chance has advised Bremer Kreditbank (BKB) on its merger with Oldenburgische Landesbank (OLB), Germany's largest private regional bank in terms of total assets, number of staff and branch network. In future, the merged bank will do business as OLB, and the BKB brand will be discontinued. The move had been approved by the general meetings of both banks in mid-August. On 31 August 2018 the merger was then entered in the commercial register.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised XIO Group, a London-headquartered private equity firm, on the sale of COMPO EXPERT GmbH, a leading manufacturer of specialty fertilizers for commercial use. The purchaser is the listed Polish agrochemical group Grupa Azoty S.A.
The closing of the transaction is subject to customary regulatory approvals as well as the approval by the extraordinary general meeting of Grupa Azoty. Closing is expected to take place between Q4 2018 and Q1 2019.
International legal practice Osborne Clarke has advised US fund Harbert Management Corporation on its acquisition of the FOX office building from Reef Spezial Invest GMBH.
The Fox office is a 6,400 sq.m building located in Courbevoie, La Defense area of Paris.
Osborne Clarke’s team in France advised on the real estate acquisition providing the client with support on leasehold due diligence, the legal structuring of the transaction as well as the drafting of corporate documentation.
Travers Smith LLP has advised existing client Agrial Group on the acquisition by its Beverage Division of Aston Manor, the UK's largest independent cider producer.
London - A team of lawyers from global law firm K&L Gates LLP is advising Norwegian wind farm and renewable energy developer NBT AS and its Ukrainian subsidiary SyvashEnergoProm LLC on the development, construction and financing of a power generation facility and new substation for the 250 MW Syvash Wind Power Project in Kherson Oblast, southern Ukraine.
Shearman & Sterling advised Nokia Corporation in relation to a new €500 million financing it has entered into with the European Investment Bank.
Nokia will use the loan to further accelerate its research and development of 5G technology, the next-generation mobile telecommunication standard.
The loan is supported by the European Fund for Strategic Investments (EFSI), a key element of the European Commission's Investment Plan for Europe.
Team
Mei Lian
Tom Berisford
Niederer Kraft Frey advised Investcorp, a global provider and manager of alternative investment products, on the acquisition of a strategic minority investment in Banque Pâris Bertrand Sturdza, an independent, Swiss-regulated private bank based in Geneva and Luxembourg.