InterGen announced today the financial close of credit facilities for its 300-megawatt natural gas-fired Spalding Energy Expansion project in Spalding, Lincolnshire, England. Linklaters advised Santander and Nord LB for the limited recourse financing for the project.

The £100 million project has a 15-year capacity agreement following a successful bid in the Government’’s December 2016 capacity auction. The project is the first and, to date, only large scale, thermal project to secure limited recourse financing based on the 15-year capacity agreement.

King & Spalding represented a major international investment bank as the sole structuring advisor and as the representative of the initial purchasers in the purchase of $500 million of Series 2018-1-Secured Tower Revenue Securities, Subclass A issued by American Tower Trust I.  The privately-placed notes are collateralized by a loan to two special-purpose subsidiaries that is secured primarily by mortgages on their interests in over 5,000 communications sites.

Pinsent Masons has advised a consortium of sellers, including Infinergy, on the sale of SPV Metz NewCo Pty Ltd and its 120 megawatt Metz Solar Farm Project to a major renewable energy company from China.

Kyiv—Global law firm Dentons successfully represented Bojer Innovativ Ingeniør Rådgivning (BIIR), a leading engineering consulting company in Aarhus, Denmark, in connection with a lawsuit regarding the ownership of the client’s property in Odessa, Ukraine.

BIIR is a foreign investor, which currently employs more than 100 professionals in Odessa and aims to grow to 500 within the next few years.

Herbert Smith Freehills has advised IFM Investors on the sale of Ecogen to EnergyAustralia for an enterprise value of A$205 million.

Ecogen is the owner and operator of the 510MW Newport power station and 440MW Jeeralang power station, both located in Victoria. The two power stations provide peaking and intermediate-load generation and account for around 9% of Victoria’s generation capacity.  Since 1999 they have been operated by Ecogen under a Master Hedge Agreement with EnergyAustralia and its predecessors. The Master Hedge Agreement is due to expire in 2019.

DLA Piper has advised one of Australia's most exciting high growth companies, industrial IoT machine monitoring company MOVUS, on its Series A Venture Capital Funding Round which completed on 19 March.

Blackbird Ventures, Telstra Ventures and Skip Capital all invested in the round, with the funds to be used by MOVUS to support its next phase of growth and development.

Clifford Chance has collaborated with Thai law firm Chandler MHM to advise Bangkok Bank PCL, Export-Import Bank of Thailand, The Siam Commercial Bank PCL, and TISCO Bank PCL, on the financing of the US$1 billion Nam Theun 1 hydroelectric power project on the Nam Kading river in Laos. The key project sponsors were the Phonesack Group. Co. Ltd. and Electricity Generating Public Company Limited (EGCO).

Charles Russell Speechlys have advised new client Apposite Capital, the private equity firm with an exclusive focus on healthcare, on the acquisition of OrthoD Group from The Riverside Company.
 

Bird & Bird's London Capital Markets team advised Canaccord Genuity Limited as nominated adviser and broker on the initial public offering of Kore Potash plc on the AIM Market of the London Stock Exchange, with a market cap of AUS$92.6m.

Kore Potash is an advanced stage potash exploration and development company whose primary project is located in the Republic of Congo. Kore is already listed on the Australian Stock Exchange and was also admitted to the main board of the Johannesburg Stock Exchange.

Davis Polk advised Sunlands Online Education Group on its SEC-registered initial public offering of 13,000,000 American depositary shares, each 25 ADSs representing one Class A ordinary share of Sunlands, for total proceeds of $149.5 million. Sunlands has granted the underwriters an option to purchase up to an additional 1,950,000 ADSs. Davis Polk also advised Sunlands on its concurrent private placement of 139,131 Class A ordinary shares to certain existing shareholders at the initial public offering price for a total purchase amount of $40 million.