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Macfarlanes advises on sale of LOD by BCLP

31 May 2018

Macfarlanes has advised on the sale of alternative legal services provider LOD (Lawyers on Demand) to UK-based private equity firm Bowmark Capital.

Macfarlanes, who also advised LOD on its 2016 merger with Australian and Asian business, AdventBalance, represented the LOD sellers including BCLP.

The Macfarlanes team for this matter was led by corporate and M&A partner Jessica Adam with assistance from solicitor Andrew Turner.

Ashurst advises Custom Fleet on its A$1 billion multi-series master trust securitisation of fleet leases

31 May 2018

Ashurst is pleased to have advised Custom Fleet on the establishment of its A$1 billion multi-series master trust securitisation of vehicle and equipment fleet leases.

Custom Fleet, part of Element Fleet Management Corp., a global leader in fleet leasing and management, is a leading fleet leasing company in Australia and New Zealand.

BAML, JPM and Westpac are the senior financiers in respect of the revolving warehouse.

DLA Piper represents Kayne Anderson and Haymaker Minerals in sale of mineral and royalty interests

31 May 2018

DLA Piper advised Kayne Anderson Capital Advisors LP and Houston-based Haymaker Minerals & Royalties LLC and Haymaker Resources LP in the sale of oil and gas mineral and royalty interests to Kimbell Royalty Partners LP for approximately US$404 million in a transaction comprised of cash and stock.

Founded in 2013, Haymaker has invested capital on behalf of Kayne Anderson and KKR & Co. LP to acquire over five million gross mineral acres through more than 700 individual transactions.

DLA Piper advises the lenders on Green Frog Power's £100m funding boost

31 May 2018

DLA Piper has advised Lloyds Bank plc, HSBC Equipment Finance and NIBC Bank NV on the £100 million financing of a portfolio of gas fuelled power stations owned by Green Frog Power.

The funding refinances 15 operational sites benefiting from capacity market contracts and provides additional development funding for 11 new sites to be built across the UK, from Plymouth to Newcastle. The £100 million facility also has an additional £50 million ‘accordion’ that allows for the funding and construction of another 110MW of plant.

Wierzbowski Eversheds Sutherland supported the British team in the sale of John Guest Holdings

31 May 2018

The M&A team of Wierzbowski Eversheds Sutherland supported the Eversheds Sutherland UK office in the preparation and organisation of the documentation of the Polish company John Guest Polska Sp. z o.o. in connection with the sale of John Guest Holdings based in the United Kingdom.

Eversheds Sutherland has advised the shareholders of John Guest Holdings – a leading British engineering company with a global reach – on its £687 million sale to Reliance Worldwide Corporation (RWC). The transaction was announced on 24 May.

Davis Polk Advises N.V. Bank Nederlandse Gemeenten on Its €100 Billion Debt Issuance Program Update

30 May 2018

Davis Polk advised N.V. Bank Nederlandse Gemeenten (to be renamed BNG Bank N.V.) in connection with the annual update of its €100 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised BNG Bank in connection with senior notes issuances totaling $11.0 billion.

Orrick Advises Borealis and NOVA Chemicals in Petrochemicals Joint Venture

30 May 2018

Orrick has advised Borealis AG and NOVA Chemicals with respect to a petrochemicals joint venture with Total S.A. on the U.S. Gulf Coast.

The joint venture, named Bayport Polymers LLC (“Bay-Pol”), is 50% owned by Total and 50% owned by Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals. The transaction closed on May 23, 2018.

White & Case Advises SIA on €375 Million Acquisition of First Data’s Businesses in Central & Eastern Europe and Southern Europe

30 May 2018

Global law firm White & Case LLP has advised SIA S.p.A. on the €375 million acquisition of First Data Slovakia, S.R.O. and First Data Hellas Processing Services and Holdings S.A.

SIA is a high tech company and European leader in the payments infrastructure and services sector. First Data is a global technology leader in payment technology and services.