The Moscow and London offices of Debevoise & Plimpton LLP have advised the firm’s longstanding client PJSC Polyus (“Polyus”) on the issue by its indirect subsidiary Polyus Finance plc of $250 million senior bonds convertible into global depositary receipts representing ordinary shares of Polyus.

The bonds are guaranteed jointly and severally by Polyus and its subsidiary, JSC Polyus Krasnoyarsk, and were offered and sold outside the United States in reliance on Regulation S of the US Securities Act 1933, as amended.

Berwin Leighton Paisner (BLP) have advised the management of Exactpro Systems on a management buyout. The transaction saw BLP’s clients buy the company back from the London Stock Exchange, to which they had previously sold the business.

International law firm Bird & Bird has successfully represented Easynet in the Court of Appeal, allowing the consolidation of multiple group companies under the Cross-Border Merger Regulations.

The Court of Appeal decision in Easynet Global Services Ltd [2018] EWCA Civ 10 (18 January 2018) has clarified the extent of the UK Court's discretion to approve mergers under the Cross-Border Merger Regulations.  This clears the way for multiple companies to be consolidated cross-border within the EU. 

International law firm CMS, has advised CMS’ longstanding client euNetworks, a leading European bandwidth infrastructure provider, on its merger with investment firm Stonepeak Infrastructure Partners (“Stonepeak”). The transaction sees Stonepeak take a majority interest in euNetworks and the deal provides euNetworks with up to $500 million of committed growth capital for both organic and inorganic development.

Washington, D.C., 26 January 2018 – Hogan Lovells represented nuclear fuel technology development company Lightbridge Corporation (NASDAQ: LTBR) in its recently announced joint venture with Framatome, a leading provider of nuclear fuel, components, and reactor services. Under the announced deal, the two companies agreed to form  Enfission, a 50-50 joint venture company to develop, license, and sell nuclear fuel assemblies based on Lightbridge-designed metallic fuel technology and other advanced nuclear fuel intellectual property

Leading global law firm Herbert Smith Freehills has advised the managers and trustee on ITNL Offshore Pte Ltd's RMB1 billion dim sum bond, one of the largest dim sum issues by an Indian corporate.

The 7.5 per cent Regulation S only senior unsecured bonds due 2021 were listed on the Singapore Stock Exchange and guaranteed by ITNL Offshore's parent company, IL&FS Transportation Networks Limited, one of India's leading surface transportation infrastructure companies.

Leading global law firm Herbert Smith Freehills has advised Sinopec Oilfield Service Corporation on its private placement of 3.3 billion H-shares on the Hong Kong Exchange.

The H-share placement was made to Sinopec Century Bright Capital Investment Limited and China Structural Reform Fund Corporation Limited, and was completed on 24 January after regulatory approvals were received. It injects close to US$572 million into one of the world' largest oilfield service companies.

Shearman & Sterling advised Marlin Equity Partners, a global private equity firm with over $6.7 billion of capital under management, on debt financing in relation to Marlin Equity Partners' acquisition of a majority stake in social media analytics company TalkWalker. The financing consisted of a New York law-governed term loan and revolving credit facilities.

Global law firm White & Case LLP has advised the Fosun International Ltd and Beijing Sanyuan Foods Co., Ltd consortium on the financing of its acquisition of St Hubert, a French company in the vegetable fats sector, from European investment fund Montagu Private Equity.

Fosun International Ltd is a privately owned Chinese conglomerate. Beijing Sanyuan Foods Co., Ltd is a Chinese agribusiness company that specializes in dairy products.

In 2012, White & Case also advised the banks on the financing of Montagu Private Equity's acquisition of St Hubert.

DLA Piper (Canada) LLP represented Tidewater Midstream and Infrastructure Ltd (TSX: TWM) in the issuance of $125 million aggregate principal amount of 6.75% senior unsecured notes due 2022, by way of a private placement. The private placement successfully closed on December 19, 2017. Tidewater will use the net proceeds from the private placement for repayment of indebtedness under its existing credit facility, drawn to fund its various capital projects, and for general corporate purposes.