Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Peabody Australia in relation to the recently announced sale of the Wotonga South project to Stanmore Coal.
Peabody Australia will sell the Wotonga South coking coal deposit contained in two mining tenements (MDL 137 and EPC 728) to Stanmore Coal for A$30 million cash plus a production based royalty capped at circa A$10 million.
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised CLSA Capital Markets Limited and J.P. Morgan Securities (Far East) Limited, the joint sponsors to the Hong Kong Stock Exchange (HKSE) listing of Huifu Payment Limited (‘Huifu Payment’), a leading independent third-party payment service provider in the PRC. The transaction marks the first-ever IPO by a Chinese third-party payment service provider listing on HKSE’s Main Board. The total offer value is approximately US$217m (before the exercise of the over-allotment option).
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Nets A/S (‘Nets’) (via its holding company Evergood Lux 1 S.à r.l), a leading provider of digital payment services and related technology solutions across the Nordic region, on its merger with Concardis Payment Group (‘Concardis’), a leading merchant payment service provider in the German-speaking parts of Europe.
National law firm Shoosmiths has advised property development specialist DCP Limited on its multi-million pound refinancing for a site in Tower Hamlets, London.
The £26 million deal - with OakNorth Bank Plc - was turned around in just three weeks and represented DCP's first major finance deal.
The refinancing is part of a wider development scheme aimed at delivering around 100 affordable and private rental homes in Caroline Street.
Herbert Smith Freehills has advised Reliance Worldwide Corporation Limited (RWC) on its GBP687.5 million (A$1.22 billion) acquisition of John Guest Holdings Limited (John Guest) in the UK, as well as the Australian equity and debt financing arrangements for the acquisition.
RWC is a leading global manufacturer and supplier of premium-branded engineered water delivery, control and optimisation products and solutions for residential and commercial plumbing applications and is the leading manufacturer in the world of brass push-to-connect (PTC) plumbing fittings.
Niederer Kraft Frey advised Klingelnberg AG in connection with its initial public offering that launched on 11th June 2018. The offering consists of up to 512,800 new shares and up to 4,105,651 existing shares with an over-allotment option of up to 461,845 existing shares. The existing shares will be sourced from the Klingelnberg family, the current sole and future anchor shareholder.
Charles Russell Speechlys has advised the majority shareholders of Hillgate Travel, a leading travel management services provider, on its sale to Reed & Mackay, a company backed by Inflexion Private Equity. Hillgate Travel provides travel management services to corporate clients, with a particular strength in the financial services sector. For the last 30 years it has built a reputation for made-to-measure services for its clients.
Baker McKenzie acted as lead transaction counsel to Gebr. Knauf KG, a major German building materials company, in connection with its $7 billion acquisition of Chicago-based USG Corporation (NYSE:USG). The combined company will have global manufacturing and sales operations for gypsum wall board, ceiling products, and fiberglass insulation with approximately 36,000 employees around the world. Berkshire Hathaway Inc., USG’s largest shareholder (owning approximately 31% of the company’s shares), has agreed to support the transaction.
Womble Bond Dickinson (WBD) has advised Banner, one of the leading school uniform and sportswear suppliers in the UK, on its acquisition of F.R. Monkhouse Ltd. F.R. Monkhouse is one of the largest independent retailers in the UK with nine retail stores and nine on-site school shops in large independent schools.
Funded by growth capital investors MML Capital Partners, the acquisition represents a key step in Banner’s strategy to be the market leader in the supply of both uniform and sportswear to the schoolwear industry.
De Brauw has advised Portugal Telecom International Finance B.V. (PTIF), one of the key financing vehicles of Oi S.A., on its international restructuring. The restructuring of more than USD 20 billion of debt is the largest-ever debt restructuring in Latin America.