A team led by Cologne-based partner Dr. Thorsten Kuthe assisted Serviceware SE in its IPO in the Prime Standard segment of Frankfurt Stock Exchange. The company started trading on April 20.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised international private equity firm Cinven on its agreement to acquire Partner in Pet Food (‘PPF’), a leading European pet food manufacturer, for an undisclosed amount.
Tim Casben led the team advising the Dubai based management team working with colleagues in Dubai and London. Tim commented:
"We are delighted to be advising VI Mining PLC, which we have advised since inception. VI Mining's listing on the NEX exchange reflects the efforts of management in the last 18 months and marks its evolution into a company with the potential to be a significant player in the Peruvian mining space.
After it was announced that she will become a Herbert Smith Freehills partner on 1 May 2018, Malika Chandrasegaran is off to a flying start advising cloud based presentation start-up, Zeetings on its sale to tech unicorn Canva.
The deal marks Canva’s first acquisition and will allow the company to expand its capabilities in the presentation space. As part of the deal, Zeetings CEO and co-founder Rob Kawalsky and other members of the team will be joining Canva.
Herbert Smith Freehills has advised one of the founders of PageUp People Limited on its acquisition by Battery Ventures, a global investment firm founded in 1983.
PageUp is a leading provider of talent management software and offers a fully integrated suite of products covering recruitment, employee on boarding, performance management, learning and career development and succession management.
Slaughter and May advised Close Brothers Group plc on the establishment of its £1 billion Euro Medium Term Note programme and on the issue under the programme of £250 million 2.750% senior unsecured notes due 2023. The notes are listed and traded on the Regulated Market of the London Stock Exchange.
HSBC Bank plc and The Royal Bank of Scotland plc (trading as NatWest Markets) acted as Joint Lead Managers in respect of the issuance.
Contacts
Slaughter and May is advising UK Asset Resolution Limited (UKAR) and Bradford & Bingley plc (B&B), working closely with the UKAR legal team, HM Treasury and Treasury Legal Advisers in relation to the disposal, by way of auction, of legacy owner occupied and buy-to-let mortgage assets originated by B&B, its subsidiary, Mortgage Express, GMAC-RFC Limited, Kensington Mortgage Company Limited and Close Brothers Limited to an investor group led by Barclays Bank PLC for a total consideration of £5.3bn.
Contacts
Ashurst advised HSBC, Rabobank and RBS as lenders on a new revolving credit facility for Finsbury Food Group, a leading speciality bakery manufacturer, producing a diverse range of cakes, bread and bakery snack products for multiple major UK retailers and for the foodservice channel. The new £45 million revolving credit facility is on improved terms and has a maturity of five years.
The new facility has been put in place to refinance several existing debt facilities and provides flexibility of use to promote the Group's growth objectives.
Ashurst has advised the lenders, Banca IMI S.p.A., BNP Paribas, Cassa Depositi e Prestiti S.p.A., Crédit Agricole Corporate & Investment Bank, ING Bank N.V. and UniCredit S.p.A., on the €1 billion debt refinancing of EF Solare Italia.
Ashurst is advising Interserve on its group refinancing.
Pursuant to the deal agreed with Interserve's lenders, bond providers and the trustee of its pension scheme, new financing arrangements providing cash facilities of £196.6m plus bonding facilities of up to £94.5m will be put in place subject to satisfaction of certain remaining conditions precedent which are expected to be satisfied before 30 April. These new facilities will mature on 30 September 2021.