Davis Polk advised the dealers in connection with a Rule 144A and Regulation S offering by Banco Safra S.A., acting through its Cayman Islands Branch of $500 million aggregate principal amount of 4.125% senior notes due 2023 under Banco Safra’s medium-term notes program.
Banco Safra is a leading multiple bank ranked as the fourth-largest privately-owned bank in terms of total assets in Brazil.
Davis Polk is advising Nordic Capital on a public cash offer to the shareholders of Nordax Group AB to acquire all outstanding shares for SEK 60 per share. The board of directors of Nordax unanimously recommended the offer.
Nordic Capital is a private equity investor in the Nordic region with a commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordax is a niche bank in Northern Europe, providing unsecured consumer loans and deposits to customers in Sweden, Norway, Finland and Germany.
Katten represented IMF Bentham Ltd, an international litigation funding company, in the sale of the majority of its US investment portfolio to Bentham IMF Fund 1 LLC for $57.4 million. This transaction should serve to bolster the fund's investment portfolio while reducing risk and converting assets to cash for IMF Bentham. The fund was announced last year as a special purpose vehicle funded in part by Fortress Credit Advisors LLC. The Katten team featured Allison Yacker, New York Financial Services co-chair, and Rong Zhao, an associate in the firm's Chicago office.
Orrick’s Paris team is advising private equity fund Advent International on its acquisition of Circet Groupe, a leader in the French telecommunications infrastructure market.
Advent International has entered into exclusive negotiations with CM-CIC, Circet Groupe’s major shareholder, along with Omnes Capital and the company’s founders and management team.
Our team includes Charles Briand, Margaux Azoulay and Rudy Marouani on tax aspects; and Diane Lamarche, Anne-Sophie Kerfant, Patrick Tardivy and Emmanuel Benard on the management package aspects.
Paul Hastings LLP, a leading global law firm, announced that it has advised Madison Energy, a division of Chicago-based Madison Industries, on the acquisition of the Centek Group.
Centek Group specializes in the development of engineering solutions for the world’s toughest casing running environments and is a world leading designer and manufacturer of centralizers, primarily for the oil and gas industry.
Shearman & Sterling is advising GE Capital Global Holdings, LLC on its acquisition of a 24.99% stake in YPF Energía Eléctrica (YPF EE) from YPF S.A. When complete, GE Capital and YPF S.A. will jointly control YPF EE. GE Capital will pay $275 million for its stake in YPF EE, in addition to a $35 million contingent payment. The transaction is expected to close by February 28, 2018.
The Shearman & Sterling team below was supported by visiting attorney Javier Napoleone (New York-Project Development & Finance).
Global law firm White & Case LLP has advised JSC Siberian Anthracite, a leading producer and exporter of ultra high grade anthracite, on a pre-export financing of up to US$570 million from a pool of international and Russian banks.
The facility will be used for general corporate needs and to refinance existing loans. The mandated lead arrangers included, among others, ING Bank, Banca Intesa, Credit Suisse AG and Sberbank of Russia.
Global law firm White & Case LLP has advised Gruppo DentalPro (DP Group S.p.A), Italy's leading dental services provider which is controlled by private equity fund BC Partners, on its acquisition of Italian dental clinic group Doctor Dentist from its founding shareholders.
The White & Case team in Milan which advised on the transaction was led by partners Leonardo Graffi and Iacopo Canino, together with associates Alessandro Seganfreddo and Sara Scapin, and lawyer Mariasole Maschio.
Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company.
Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company.