Cleary Gottlieb represented BNP Paribas, J.P. Morgan and Morgan Stanley as initial purchasers in the global bond offering by Nemak, S.A.B de C.V.
The transaction consisted of an offering of $500 million 4.750 percent senior notes due 2025 pursuant to Rule 144A and Regulation S. The offering was the first high-yield debt issuance by a Mexican corporation in 2018.
The transaction priced on January 11, 2018, and is expected to close on January 23, 2018.
The Firm is representing Melrose Industries PLC in connection with its recently announced unilateral offer to acquire GKN plc, the FTSE 100 engineering firm. GKN designs, manufactures and services systems and components for the aerospace, driveline and powder metallurgy industries globally.
Melrose’s £7.4 billion share and cash offer is the largest unilateral bid in the U.K. since 2009. The cash element will be financed through a new debt facility, which will also be used to refinance the existing Melrose and GKN indebtedness.
Linklaters advised on the establishment of a Global Medium Term Note Programme for the Government of the Sultanate of Oman, and on the issuance of three series of bonds under it with an aggregate issuance size of $6.5bn. It was the Sultanate’s largest ever foray into the international debt capital markets. Oman sold a $1.25bn bond with a five-year tenor, a $2.5bn bond with a 10-year tenor and a $2.75bn bond with a 30-year tenor.
Jonathan Fried, Capital Markets partner at Linklaters, says:
Gowling WLG's real estate team has advised a client of Savills IM on the purchase of 30 Broadwick Street from Great Portland Estates (GPE), in a deal worth c. £190 million.
Global law firm Linklaters has successfully advised on a US$3 billion concurrent share placement and convertible bond issue for Country Garden Holdings, China’s largest real estate developer in terms of contracted sales in 2017 and ranks among the top three real estate enterprises globally. The deal is the largest equity deal in Asia this year so far. It is also the largest ex-Japan convertible bond issued to the international markets since 2007.
Gowling WLG has acted on the sale of The Regard Group to specialist investment manager AMP Capital.
Regard, founded in 1994, is one of the UK's five largest specialist care providers and offers industry-leading specialist care for adults with learning disabilities and mental health issues.
Gowling WLG advised the principal shareholders of The Regard Group on the sale, including its majority shareholder The Montreux Healthcare Fund plc.
PARIS (January 18, 2018) – International law firm McDermott Will & Emery has advised Mitsubishi Heavy Industries in connection with its participation in the reorganization of the French nuclear industry.
McDermott counseled Mitsubishi Heavy Industries in acquiring a minority stake in Framatome (formerly known as New NP), an entity that brings together the assets of the Areva group relating to the design, supply and sale of equipment, fuel assemblies and services for nuclear reactors.
Global law firm Norton Rose Fulbright has advised Aquiline Capital Partners (Aquiline) on the sale of its interest in London-based broker Beach & Associates (Beach) to Acrisure LLC (Acrisure). Acrisure has agreed to acquire 100 percent of Beach’s equity from existing shareholders, which include Aquiline as well as current and previous Beach management.
PARIS (January 18, 2018) – International law firm McDermott Will & Emery has advised Mitsubishi Heavy Industries in connection with its participation in the reorganization of the French nuclear industry.
McDermott counseled Mitsubishi Heavy Industries in acquiring a minority stake in Framatome (formerly known as New NP), an entity that brings together the assets of the Areva group relating to the design, supply and sale of equipment, fuel assemblies and services for nuclear reactors.
International legal practice Osborne Clarke has advised the senior management team of Cloud Savings Company Limited on its acquisition of Invitation Digital Limited (“IDL”), owner and operator of the Vouchercloud and Giftcloud brands, following a management buy-out from the Vodafone Group, placing the company back in the hands of its original founders, Scott Davidson and Greg Le Tocq.