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Slaughter and May advised Premier Oil plc on US$205 million accelerated exchange of convertible bonds

17 Jan 2018

Slaughter and May advised Premier Oil plc on its successful invitation to convertible bondholders to accelerate the exchange of their outstanding convertible bonds into ordinary shares of the company.  87.5% (US$205.78 million) of the US$235.2 million convertible bonds outstanding were accepted for early conversion under the invitation, which was launched on 11 January and completed on 16 January 2018.  The benefits to the company and its shareholders include reduction of the company’s indebtedness by US$ 205.78 million, increased stability in the company’s capital bas

CMS advises Metal Trade Comax on German acquisition

17 Jan 2018

CMS Prague has successfully advised Metal Trade Comax Group, a Czech metals processing conglomerate, on its acquisition of the German Oetinger Aluminium Group from Orlando Management AG.

The acquisition creates one of Europe’s leading and dynamic aluminium recycling groups. The Oetinger Group is a leading German manufacturer of recycled aluminium casting alloys, with strategic facilities in Bavaria. Czech-based Metal Trade Comax is a significant exporter and CEE supplier to building industry of a range of metal products.

CMS advises Belvac Production Machinery, Inc. on the acquisition of Rosario Can Technology

17 Jan 2018

CMS has advised Belvac Production Machinery, Inc. ("Belvac")on its acquisition of Rosario Can Technology.

Rosario Can Technology is an innovative designer, developer and manufacturer of decorators, base coating machinery and associated replacement parts for the production of beverage, food and aerosol cans. Rosario Can Technology is based in and operates out of Dongen, the Netherlands.

G+T advises on financing of Loy Yang B Power Station

16 Jan 2018

Gilbert + Tobin today announced it advised Alinta Energy owner, Chow Tai Fook Enterprises (CTFE) on the financing of its acquisition of the 1,000MW Loy Yang B Power Station.

Gilbert + Tobin’s Banking + Infrastructure team advised Alinta/CTFE on the financing aspects of its acquisition of the Victorian brown coal-fired power plant Loy Yang B from Engie and Mitsui.

The power station supplies close to 20 per cent of Victoria's energy needs, and comes as Alinta expands its generation capacity and market penetration in Australia.

Gide Warsaw advised MEDI-system on the acquisition of elderly care facilities

16 Jan 2018

The Gide team advised MEDI-system (a company from the Orpea Group) on the acquisition of the "Angel Care" Elderly Care Facility in Wroclaw, from Angel Poland Group, finalised on 2 January 2018, and on the acquisition of the Ostoya Care Facility in Stare Babice near Warsaw from Allenort Capital Fund, finalised in December 2017.

Wolf Theiss Advises Revetas Capital Fund II And Cerberus Capital Management On Acquisition Of Bucharest Hotel Portfolio

16 Jan 2018

Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management, L.P. on their acquisition of a leading hotel complex with approximately 86,000 sqm of gross leasable area in Bucharest, Romania.

The complex includes two hotel facilities, the Radisson Blu and Park Inn Hotels, as well as approximately 7,500 sqm of prime retail space. In addition to providing M&A assistance and real estate due diligence, Wolf Theiss assisted the purchasers in relation to financing and refinancing of the acquiring and the acquired companies' debt.

Heuking Kühn Lüer Wojtek advises The Grounds Real Estate Development AG on reverse IPO and capital increase

16 Jan 2018

With a team led by Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG on a reverse IPO by contributing The Grounds Real Estate AG to a shell company. Subsequently, a private placement in Germany was successfully completed with the subscription of 2.2 million shares. The next step will be a dual listing of The Grounds Real Estate Development AG shares in the AltX segment of Johannesburg Stock Exchange. The shares will thus be placed with institutional investors in South Africa.

Allen & Overy advises M.M. Warburg & CO on the divestment of its asset management and servicing business in Luxembourg

16 Jan 2018

Allen & Overy LLP has advised M.M. Warburg & CO (AG & Co.) KGaA, Hamburg (Warburg) on the sale of its subsidiaries Warburg Invest Luxembourg S.A. and M.M. Warburg & CO Luxembourg S.A. to Apex Group Ltd. (Apex), a portfolio company of Genstar Capital. The target entities have USD 50 billion assets under administration. The transaction follows Apex’s acquisition of Deutsche Bank’s Alternative Fund Services business in 2017.

Warburg and Apex will form a strategic partnership for Luxembourg based asset management services businesses.