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Dentons advises Poland's largest healthcare group on the sale of a pharmaceutical subsidiary

21 Mar 2018

Dentons has advised Pelion S.A. on the sale of 100% of shares in Eubioco S.A., a contract manufacturer of medicines, diet supplements, medicinal products, pharmaceutical substances, dermocosmetic products and disinfectant liquids. The shares were sold to Nevu.

Pelion is Poland's largest healthcare sector corporation with annual turnover of more than PLN 9 billion and over 9,000 employees. The Pelion group has approximately 170 subsidiaries.

Clifford Chance advises bank syndicate on EGGER EUR 150 million hybrid bond

21 Mar 2018

Clifford Chance has advised a bank syndicate made up of UniCredit Bank AG and Raiffeisen Bank International AG on a hybrid bond issue by EGGER Holzwerkstoffe GmbH.

With a volume of EUR 150 million, the bond will bear interest at 4.875 per cent during the first five years and can be redeemed prematurely by the issuer in December 2022 at the earliest.

EGGER Holzwerkstoffe GmbH, based in St. Johann in Tyrol, Austria, is one of the leading European companies in the wood-based materials industry.

Clifford Chance advises bank syndicate on SAP bonds totalling EUR 1.5 billion

21 Mar 2018

Clifford Chance has advised a bank syndicate made up of J.P. Morgan, Barclays, HSBC, ING, Société Générale and other banks on an SAP SE bond issue.

With a total volume of 1.5 billion, the bonds mature between 2021 and 2030. The bond maturing in 2021 bears variable rates of interest and those maturing in 2026 or 2030 bear interest at 1.000 per cent and 1.375 per cent respectively.

SAP intends to use the proceeds to refinance the acquisition of Callidus Software Inc.

Clifford Chance advises bank syndicate on financing the acquisition of the VTU Group by DPE Deutsche Private Equity

21 Mar 2018

The financial investor DPE Deutsche Private Equity has acquired a majority stake in VTU Engineering. Clifford Chance advised a bank syndicate made up of UniCredit, LBBW and Raiffeisenlandesbank Oberösterreich on financing the acquisition.

VTU is a leading provider of engineering services for planning and optimising process facilities in the pharmaceutical, biotechnology, chemicals, metallurgy, crude oil and natural gas industries. The company has more than 400 employees at 20 locations in Austria, Germany, Switzerland, Italy and Romania.

WFW advises Econnext on acquisition of majority stake in Autarq

21 Mar 2018

Watson Farley & Williams (“WFW”) has advised Econnext GmbH (“Econnext”, formerly Econnoa GmbH) on the acquisition of a majority stake in Autarq GmbH (“Autarq”) by way of a capital increase in the latter. The purchase price is confidential.

Headquartered in Prenzlau (Federal State of Brandenburg, Germany), Autarq manufactures solar roof tiles for both commercial and residential properties, as well as self-contained power generation systems.

Hunton Assists Asia Biomass Public Company Ltd on THB 135 IPO Offering

20 Mar 2018

Hunton & Williams (Thailand) Limited assisted Asia Biomass Public Company Limited (SET:ABM), Thailand’s largest biomass feedstock producer, in the issuance and listing of 75 million newly issued shares equivalent to 25 per cent of its total registered capital on the Market of Alternative Investment (MAI). The entire newly issued shares were allocated to the general public via an Initial Public Offering (IPO) at THB 1.80 each and THB 135 million in total, from February 19 to 21, 2018. The first day of trading was February 27, 2018.

DXC Technology Company £250 Million Senior Notes Offering

20 Mar 2018

Davis Polk advised the representatives of the several underwriters in connection with the registered offering of £250 million aggregate principal amount of 2.750% senior notes due 2025.

DXC Technology Company is the world’s leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. DXC serves nearly 6,000 private and public sector clients across 70 countries.

PARTNER MOVES - Dentons is pleased to announce that David Wotherspoon has joined the Firm as a partner in and lead of our Litigation and Dispute Resolution group in Vancouver

20 Mar 2018

Dentons is pleased to announce that David Wotherspoon has joined the Firm as a partner in and lead of our Litigation and Dispute Resolution group in Vancouver.

David’s practice focuses on corporate and commercial disputes, and encompasses all areas of litigation and dispute resolution. He has extensive experience in matters that relate to injunctions and Anton Piller orders, defamation and free speech, intellectual property and software disputes, crisis management, professional liability, shareholder disputes and fraud investigations.