Watson Farley & Williams (“WFW”) has advised a group of German investors on a venture capital investment in Iranian start-up Azki.com.
Azki.com is a new online Iranian insurance comparison platform where users can rate, comment on, compare and purchase products from providers. The site will also be expanding into other sectors going forward.
Sidley is advising a wholly owned subsidiary of TransUnion, a U.S. consumer credit reporting company, on the purchase of the Callcredit group (Callcredit), the second largest credit reference company in the UK for £1 billion. Callcredit is being sold by the private equity firm GTCR LLC, which bought Callcredit in 2014. The deal is expected to close in Q3 2018.
Milbank, Tweed, Hadley & McCloy advised Star Energy Geothermal (Wayang Windu) Limited (“Star Energy”) in its US$580 million offering of 6.75% green bonds due 2023 under 144A and Regulation S of the Securities Act. The proceeds of the bond issuance will be used to refinance debt of Star Energy that had funded the acquisition of two geothermal assets, the Salak and Darajat geothermal fields.
King & Spalding advised the shareholders of Dalma Energy LLC (Dalma) on the closing of the transfer of its Omani and Saudi Arabian businesses to KCA Deutag (KCAD). The combined enterprise value of the enlarged group is $2.66 billion.
Global law firm White & Case LLP has advised J.P. Morgan, HSBC and Barclays, as global coordinators, and Merrill Lynch International, BNP Paribas, Citigroup, Crédit Agricole, Goldman Sachs, Rabobank and Société Générale, as joint bookrunners, on the Rule 144A/Regulation S debut offering of $1.15 billion (equivalent) senior secured notes due 2023 by OCI N.V.
Davis Polk advised CNOOC Limited as to U.S. and Hong Kong law in connection with the SEC-registered offering of guaranteed notes by CNOOC Finance (2015) U.S.A. LLC, a wholly owned subsidiary of CNOOC Limited, of its $1 billion 4.375% guaranteed notes due 2028 and $450 million 3.750% guaranteed notes due 2023, for a combined aggregate principal amount of $1.45 billion. The notes were listed on the Hong Kong Stock Exchange.
Davis Polk is advising Lazard & Co., Limited as sponsor to Vedanta Resources plc on the acquisition by its Indian listed subsidiary, Vedanta Limited, of Electrosteel Steels Limited pursuant to a corporate insolvency resolution process implemented by way of the Indian Insolvency and Bankruptcy Code 2016. The State Bank of India initiated insolvency proceedings against a number of Indian companies including Electrosteel in a bankruptcy court in June 2017.
Davis Polk is advising Razer Inc. as to Hong Kong law in relation to its acquisition of MOL Global, Inc. from its other shareholders at a consideration of approximately $61 million.
Razer Inc. is a global lifestyle brand for gamers that offers an integrated portfolio of gaming hardware, software and services. MOL Global, Inc. is an investment holding company owning subsidiaries engaged in the business of internet media, computer games, e-distribution and e-payment and has a wide distribution network for virtual credits in Southeast Asia.
Global law firm White & Case LLP has advised Gamenet Group S.p.A. on the issuance of its €225 million high yield Senior Secured Guaranteed Floating Rate Notes due 2023.
The notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act. A portion of the proceeds has been used to redeem Gamenet's existing €200 million Senior Secured Guaranteed 6% Notes due 2021.
Global law firm Norton Rose Fulbright has advised longstanding client ADLER Real Estate AG, on another issuance of dual tranche notes with a nominal value of €800m under German law. A similar transaction was successfully implemented in December 2017 under New York law.
ADLER Real Estate AG is a real estate company listed in the SDAX of the Frankfurt Stock Exchange and looks to build and develop a high-value and high-yield residential real estate portfolio in Germany