Global law firm White & Case LLP has advised the initial purchasers, including Credit Suisse and Goldman Sachs International as global coordinators and joint bookrunners, and BNP Paribas as joint bookrunner, on the high yield offering of €200 million principal amount 8.00%/8.75% Senior PIK Toggle Notes due 2022 by NewCo GB, a parent entity of Burger King France.
Global law firm White & Case LLP has advised the initial purchasers, including Credit Suisse and Goldman Sachs International as global coordinators and joint bookrunners, and BNP Paribas as joint bookrunner, on the high yield offering of €200 million principal amount 8.00%/8.75% Senior PIK Toggle Notes due 2022 by NewCo GB, a parent entity of Burger King France.
Global law firm White & Case LLP has advised Société Générale and Gilbert Dupont, as bookrunners, on the sale by Compagnie Financière pour l'Environnement et le Recyclage (CFER), the holding company of the Derichebourg family, of ten percent of Derichebourg SA's share capital.
Paul Hastings LLP, a leading global law firm, represented Nemak, S.A.B. de C.V., a leading global supplier of aluminum components to automotive manufacturers, in an international bond offering. The offering involved the issuance of $500 million of 4.750% 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 underwriters involved were BNP Paribas, J.P. Morgan and Morgan Stanley.
Davis Polk advised the placing agent for the top-up placement of up to 110,000,000 shares in China Maple Leaf Educational Systems Limited for a total consideration of approximately HK$1 billion.
China Maple Leaf is incorporated in the Cayman Islands with its shares listed on The Stock Exchange of Hong Kong Limited. China Maple Leaf is principally engaged in the business of operating international schools in the PRC.
De Brauw has advised Deutsche Telekom on the acquisition of Tele2 Netherlands by T-Mobile Netherlands.
Client name
Deutsche Telekom.
Other parties involved
Tele2 Netherlands, T-Mobile Netherlands, Tele2 Sverige.
Nature of transaction
Acquisition of Tele2 Netherlands by T-Mobile Netherlands in exchange for EUR 190 million in cash and a stake of 25% in the combined business.
Value of transaction
Undisclosed but more than EUR 5 million.
Date deal
15 December 2017.
De Brauw involvement
New York Stock Exchange listed Dover Corporation acquires Ettlinger Kunststoffmaschinen GmbH and its affiliated entities in Germany and in the US. Ettlinger will become part of Dover’s Swiss business unit Maag Pump & Filtration Systems. Taylor Wessing has been advising the owners as seller in this transaction. Ettlinger manufactures and distributes filtering solutions for the plastics industry and plastics recycling industry as well as injection molding machinery.
King & Wood Mallesons (KWM) acted for all financiers, including as Australian counsel for the USPP noteholders, to the Netflow consortium – comprising Cintra, Plenary, WBHO Infrastructure, Amey and Broadspectrum – on the Victorian Government’s A$1.8 billion Western Roads Upgrade project.
King & Wood Mallesons (KWM) advised Comsys Financial Leasing (Comsys) on its acquisition and finance leasing of an A380 aircraft to Mauritius-based operating lessor, Veling Group (Veling), with a 12 year operating lease attached to Emirates. Comsys financed its acquisition of the aircraft with a secured loan from a PRC policy bank.
The KWM team was lead drafting counsel on the finance leasing transaction as well as on the secured loan transaction.
Watson Farley & Williams (“WFW“) advised Liacon GmbH (“Liacon”), a German company developing and producing high performance energy storage systems, on a €3m convertible bond issued in order to raise financing for their future development.