Hamburg – Swiss energy supplier ewz has further expanded its wind farm portfolio by acquiring the Graincourt project in France. This is the third French wind farm in quick succession that the Zurich-based municipal company has acquired from the Nordex Group.
Frankfurt/Main – Telefónica Germany GmbH & Co. OHG, a subsidiary of Telefónica Deutschland Holding AG, has completed a placement of promissory note loans and registered bonds. The transaction was supported by Landesbank Baden-Württemberg (LBBW) and DZ BANK AG, Frankfurt am Main. The company chose blockchain technology for the emission. The innovative new instrument is being used in a promissory note loan tranche marketed by LBBW with a value of EUR 75 million and a term of one year.
MinterEllison has advised Northill Capital LLP (Northill) on the acquisition of international operations from Westpac Banking Corporation's subsidiary Hastings Management Pty Limited (Hastings).
Hastings is an infrastructure-assets business with funds under management of approximately $14.3 billion from more than 75 institutional investors. The businesses manage a portfolio of infrastructure debt and equity assets across the US, UK, Europe and Australia for a number of leading global institutional investors.
Milbank, Tweed, Hadley & McCloy LLP advised Globalworth Real Estate Investments Limited on the establishment of its €1.5 billion EMTN Programme and the issuance threreunder of €550 million 3.000% senior unsecured notes due 2025. The proceeds from the issue will be used for general corporate purposes. The notes have been listed on the regulated market of the Irish Stock Exchange. In addition, they are expected to be listed on the Bucharest Stock Exchange.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised funds managed by H.I.G. Capital LLC on the refinancing of the acquisition of the CONET group and their add-on acquisition of the ACT Group. Both investments were made in 2017 and are now refinanced by way of a long-term senior financing with super-senior facility feature provided by Pemberton Asset Management and Siemens Bank.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the German office of Pemberton, the diversified asset manager, on a unitranche financing for the acquisition of Swyx Solutions by private equity investor Waterland.
Pemberton is backed by Legal & General Group PLC, one of Europe’s largest insurers. It is focused on delivering long-term capital for European borrowers, which in turn supports growth across the wider European economy.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Sixt SE on the sale of its shares in the carsharing joint venture DriveNow to BMW AG. The BMW Group and Daimler AG are joining their carsharing activities and have agreed to merge their mobility services business units.
A Milbank team led by Norbert Rieger comprehensively advised Sixt SE on corporate, competition and tax law in relation to the transaction.
Advisor to Sixt SE: Milbank, Tweed, Hadley & McCloy LLP
Paul, Weiss represented KKR in its investment in and launch of Cue & Co., a one-stop digital marketing company primarily aimed at the Chinese market. KKR combined four leading Chinese digital media companies, including Qixin, AnG, WIN and Wina Tech, to form Cue & Co., creating a multi-brand company with wide-ranging digital marketing capabilities. Financial terms of the transaction were not disclosed.
The Paul, Weiss team included corporate partners Judie Ng Shortell and Jack Lange.
The Firm is representing the Special Committee of the Board of Directors of iKang Healthcare Group, Inc. (“iKang”) (NASDAQ: KANG), a major provider in China’s fast-growing private preventive healthcare services market, in connection with a proposed going private transaction by a consortium comprised of affiliates of Yunfeng Capital and Alibaba Group Holding Limited (the “Sponsors”).
PHOENIX CONTACT Innovation Ventures completed a growth financing round in iS5 communications Inc. as lead investor in a 12-member consortium.
Based in Ontario, Canada, iS5 Communications is a global provider of components for industrial networks. Their latest product line, through a combination of hardware and a software platform, takes account of the fact that increasing cyber threats demand greater security for industrial communications.