On December 6, 2017, China Securities Regulatory Commission (the “CSRC”) approved the transaction in which JPMF Guangdong Co., Ltd. (the “JPMF”, SZ002600) purchases assets by issuing shares (the “Transaction”). In this Transaction, JPMF will purchase 100% equity interest of Ling Yi Technology (Shenzhen) Co., Ltd. (the “LY Tech”) and issue its shares to the current shareholders of LY Tech, with a total consideration of RMB20.73 billion.

Debevoise & Plimpton LLP has advised PJSC MMC Norilsk Nickel (“Nornickel”), a longstanding client of the firm, on an up to $2.5 billion syndicated term loan facility with an international syndicate comprising 17 banks and financial institutions.

Jones Day is assisting a blockchain platform operator in the negotiation of an agreement with Nasdaq relating to the implementation of blockchain technology.

Henri Pieyre de Mandiargues, Ali Afshar Saber, Emmanuelle Trombe, Anaël Hadji, Lionel Lesur, Louise Aberg, Elena Chutrova, Myrtille Lapuelle and Romain Desmonts advised Touax SCA on the € 165 million sale of Touax Solutions Modulaires to WH Bidco SAS.

Dechert LLP advised DER Touristik Hotels & Investment GmbH, a subsidiary of DER Touristik Group, on the takeover of three hotels in Austria and an agreement for a long-term cooperation.

Dechert LLP is advising Itiviti, backed by Nordic Capital Fund VII, on its intended combination with ULLINK to build a full service technology and infrastructure provider for global and regional financial institutions.

Paul Hastings LLP, a leading global law firm, announced today that it has advised Abénex Capital, Astorg Partners and the other shareholders of Financière OFIC, holding company of the Onduline group, in connection with the sale of 100% of their shares and voting rights to a company controlled by funds managed by Naxicap Partners.

Paul Hastings LLP, a leading global law firm, announced today that it is advising a consortium led by NJJ Telecom Europe (“NJJ”) on the acquisition of a majority of eir, the Irish telecommunications and broadband business. eir had revenue of €1.32 billion, and earnings before interest, taxation, depreciation and amortization of €520 million, in the financial year to June 30, 2017. The deal is subject to regulatory approval and is expected to close in the second quarter of 2018.
The acquiring consortium comprises:

Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), has advised a syndicate of the Eurasian Development Bank (EDB) and International Investment Bank (IIB) on a project finance transaction for the construction of two hydro-power plants with a total capacity of 49.8MW in the Republic of Karelia, northwest Russia.

The RUB 8.15bn facility will be repaid in 12 years. This is also a pilot project in Russia for the New Development Bank set up by the BRICS countries, as the creditors have used its resources for funding.

Slaughter and May advised Bunzl Finance plc on its debut issuance of £300,000,000 2.250 per cent. Notes due 2025 (the “Notes”). The Notes are guaranteed by Bunzl plc and are listed on the London Stock Exchange.
Banco Santander, S.A., BNP Paribas, Lloyds Bank plc and Merrill Lynch International acted as Joint Lead Managers.

Contacts

Philip Snell (partner), Oliver Storey (partner), Louis de Ste Croix (associate), Tsjatsja Westerveld (associate), Richard Lismore-John (associate)