Project uses NLP and AI to save hundreds of hours of manual processing time
International law firm Pinsent Masons has advised ING and Commonwealth Bank of Australia (CBA) on the successful completion of a pilot RegTech program to simplify the processing of information and the implementation of the Markets in Financial Instruments Directive II (MiFID II).
Frankfurt/Main – Sixt SE has successfully placed a bond worth EUR 250 million with German and international investors.
The joint lead managers of the issue were Bayerische Landesbank, Commerzbank Aktiengesellschaft and Deutsche Bank Aktiengesellschaft. A team headed by CMS partner Oliver Dreher advised the banks on the issue. The team led by Dreher has also previously acted on behalf of the banking side in capital market transactions involving SIXT SE.
Frankfurt/Main - On December 29, 2017, VTB Group completed the realignment of its European operations. VTB Bank (Europe) SE was established through the cross-border merger of VTB Bank (Austria) AG into VTB Bank (Deutschland) AG and the subsequent cross-border merger of VTB Bank (France) SA into VTB Bank (Europe) SE, which now operates under a single banking license.
An international CMS-team led by CMS Germany advised VTB Bank comprehensively on this complex transaction.
Jones Day represents Puma Biotechnology, Inc. in European opposition proceedings initiated by Hexal to defend a patent licensed from Pfizer covering Neratinib extended adjuvant therapy for HER2+ breast cancer.
Contact: Dale L. Rieger Ph.D., Bojan Savic
Baker McKenzie has assisted Japanese client, Bunka Shutter Co., Ltd. (Bunka Shutter), which produces and sells various types of rolling shutters, house and building construction materials, on its acquisition of ArcPac Garage Doors Pty Ltd (ArcPac Garage Doors) in Australia.
ArcPac Garage Doors is involved in the manufacture, distribution and sale of garage doors for the domestic and export markets. The company operates throughout Australia, and is administered by its head office in Darra, Queensland.
Baker McKenzie advices Keesing Media Group on the acquisition of Bonnier Magazines & Brands’ portfolio of puzzle magazines.
Keesing Media Group is the largest publisher of puzzle magazines in Europe, owned by the investment fund Ergon Capital Partners.
The acquisition, which is a transfer of business, is subjected to customary terms and is expected to be completed in spring 2018. Principal participants from Baker McKenzie are Costin Mihailescu, Tobias Edenman, Johan Zetterström and Kristina Dunbring.
Jones Day advised OMERS, the pension plan for Ontario's municipal employees, in connection with its US$266 million investment of Equity Shares of Housing Development Finance Corporation Limited (“HDFC”), India's largest private sector lender. The investment forms part of an aggregate US$1.75 billion fundraising by HDFC, undertaken by way of a preferential allotment of Equity Shares to OMERS, KKR, GIC, Carmignac Group, and Premji Invest.
Contact: Sushma Jobanputra, Ben Witherall
Norman Wasse and Michael Cziesla led a 15-lawyer McDermott corporate, antitrust, labor, public law and real estate team from Düsseldorf, Frankfurt and Munich that advised TVS-Asianics Supply Chain Solutions, which provides logistics services in the Asian market, Ltd.on the acquisition of Pan Asia Logistics, offering logistics services between Germany and Asia.
Davis Polk is advising Temenos Group AG in connection with its £1.4 billion recommended cash offer to acquire the entire share capital of Fidessa group plc. Fidessa shareholders will receive £35.67 in cash for each share together with a final and special dividend of 79.7 pence per share. Credit Suisse have provided a senior unsecured bridge facility to finance the offer. The offer, that will be implemented by way of a U.K. scheme of arrangement, is subject to regulatory and antitrust approvals and other customary conditions.
Cross-border team represents Europe’s leader in multi-brand vehicle servicing and parts on sale of minority stake in German automotive services provider.
In a bid to drive further growth in its German automotive services provider A.T.U (Auto-Teile-Unger) and offer A.T.U customers a continually enhanced experience, Mobivia, the European leader in multi-brand vehicle servicing and parts, has joined forces with world leading tire manufacturer Michelin, which has acquired a 20% minority stake in A.T.U for a total amount of €60 million.