Leading international law firm Clifford Chance advised Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, JM Financial Limited, and J.P. Morgan India Private Limited on the international law aspects of Bandhan Bank Limited's US$687 million ([?]44,730.19 million) initial public offering on the Bombay Stock Exchange and the National Stock Exchange of India Limited.
Dentons has advised INTERNOS Spezialfondsgesellschaft on the acquisition of a nursing home property from FFB Projektentwicklung GmbH for their special asset Care Invest I.
The Wohlbehagen am Schlossberg nursing home is located in Hagen-Hohenlimburg, North Rhine-Westphalia. It has a total lettable area of approximately 4,700 sq.m., and includes80 single rooms and ten assisted living apartments. The object was built in 2017 on about 5,000 sq.m. of land and is already leased for 24 years to care provider Wohlbehagen.
Dentons advised Anglo-Australian mining giant Rio Tinto on the sale of three European assets to the Norwegian aluminum company Norsk Hydro. The transaction, valued at US$345 million, includes Rio Tinto's ISAL smelter in Iceland, its 53.3% interest in the Aluchemie anode plant in the Netherlands, and its 50% interest in the aluminum fluoride plant in Sweden.
Norton Rose Fulbright has advised German financial services group Wüstenrot & Württembergische AG (W&W) on the sale of its subsidiary Wüstenrot Bank AG Pfandbriefbank (Wüstenrot Bank) to Bremer Kreditbank AG (BKB). At the same time, a comprehensive sales cooperation agreement was signed with the bank under new ownership, whereby mutual financial products can be supplied and the sales force further increased. The transaction is subject to regulatory approvals.
TLT has helped to secure a landmark victory for the leading frozen food specialist, Iceland, reducing its liability for rates paid on its premises.
The case comes as retailers face rapidly increasing business rates, and could have far reaching implications for businesses in the retail and other sectors.
The Supreme Court – the highest appellate court in England & Wales, which hears cases of significant public interest – overturned the decision of the Upper Tribunal and Court of Appeal.
Watson Farley & Williams (“WFW”) advised a syndicate of banks including UniCredit S.p.A., UBI Banca S.p.A. and MPS Capital Services Banca per le Imprese S.p.A. on a €80m financing for the integrated water management system of Pavia province (Lombardy, Italy), managed by Pavia Acque S.c.ar.l. (“Pavia Acque”). The facility will be used for further investment in the water management sector, in line with Pavia Acque’s 2016 – 2033 Investment Plan.
Watson Farley & Williams (“WFW”) has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”), Japan’s largest bank, as facility agent for a syndicate of international lenders comprising itself, Development Bank of Japan Inc. and Societe Generale on the US$180m refinancing of two K-Line LNG vessels, “Arctic Voyager” and “Arctic Discoverer” which are time chartered to Statoil ASA, the world’s largest offshore operator.
Loyens & Loeff advised Macquarie Infrastructure and Real Assets (MIRA), division of Macquarie Asset Management, the asset management arm of Macquarie Group, on the structuring of a EU fund for their new fund, MAIF2.
With USD 3.3 billion in investor commitments, MIRA closed its fund MAIF2 at its hard cap, bringing MIRA’s global fundraising to USD 24 billion in the past two years.
Contacts
Thibaut Partsch
Marjorie Andre
Alix Braun
Davis Polk advised the dealer managers in connection with a cash tender offer by Rio Tinto Finance plc to purchase certain of its euro-denominated debt securities.
The Manchester office of Addleshaw Goddard, has advised Equistone Partners Europe, an independent investment firm, on its management buyout of WHP Telecoms from Palatine Private Equity.
The MBO will see Equistone take a majority stake in WHP Telecoms, the leading supplier of end-to-end professional and support services for all major UK mobile operators and infrastructure providers.
The Warrington-headquartered company, which has sites in Leeds, Glasgow, Birmingham and Heathrow, currently employs over 440 people.