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MinterEllison advises Blackstone Tactical Opportunities Fund on acquisition of La Trobe Financial

08 Jan 2018

MinterEllison advises Blackstone Tactical Opportunities Fund on its acquisition of an 80 per cent stake in non-bank lender La Trobe Financial.

MinterEllison has advised Blackstone Tactical Opportunities Fund (Blackstone) on the acquisition of an 80% interest in non-bank lender La Trobe Financial (La Trobe).

Globally, Blackstone is a $US400 billion asset management giant, and the largest real estate private equity firm in the world. The investment is reflective of the New York-based Blackstone's interest in Australian growth opportunities.

William Fry Advises Irish Life on Danske Bank Pension Deal

08 Jan 2018

William Fry has advised Irish Life in relation to Danske Bank's transfer of €335m of its Irish defined benefit pension liabilities to Irish Life.  It is understood to be the largest deal of its kind in the local market.  The deal is part of trend towards use of insurance techniques, such as annuity buy-ins and buy-outs, to ease the burden on pension schemes caused by unpredictable returns and longer lifespans.

Allen & Overy advises on USD1.25bn Senior Financing of the Pengerang Terminals Two Project

08 Jan 2018

Allen & Overy has advised Pengerang Terminals (Two) Sdn Bhd ("PT2SB") and its sponsors in connection with a USD1.25 billion senior financing facility with a syndicate of nine international banks. The project, which is a joint venture between Petroliam Nasional Berhad (PETRONAS), Royal Vopak Group, Dialog Group Berhad and the State Secretary, Johor (Incorporated) achieved financial close on 19 December 2017.

First French DPA Ever Approved in France: Allen & Overy represented HSBC Private Bank (Suisse) S.A

08 Jan 2018

Allen & Overy Paris represented HSBC Private Bank (Suisse) SA in the criminal proceedings that saw the Swiss bank negotiate with the National Financial Prosecutor’s Office (parquet national financier) the first French style deferred prosecution agreement (Convention Judiciaire d'Intérêt Public) (CJIP) to be blessed by a French Court.

Adcuram sells Bien-Zenker and Hanse Haus to Equistone - Ashurst advises on staple financing

08 Jan 2018

Ashurst advised Munich-based industrial holding company ADCURAM Group AG in connection with the sale of its prefabricated house group to pan-European private equity firm Equistone. Ashurst acted for the seller in relation to a staple financing package, in the context of which potential financiers offered the buyer a financing package for the acquisition of the two prefabricated house manufacturers Bien-Zenker and Hanse Haus.

The Ashurst team was led by partner Dr Bernd Egbers, assisted by counsel Dr Karsten Raupach and transaction manager Anna Zoth (all finance, Munich).

Clifford Chance advises CDC in its investment to support rise of affordable business hotels across Africa

08 Jan 2018

CDC is investing EUR46 million in ONOMO Hotels, a 3-star hotel group targeting African business travellers crossing the continent. The new investment will boost foreign exchange revenue, support the growth of a thousand jobs across the region, and build the hotel infrastructure to make business easier in some of Africa’s challenging regions.

DWF advises Berenberg in relation to £13.9m placing

08 Jan 2018

International legal business DWF has advised the London branch of Joh. Berenberg, Gossler & Co. KG in relation to SigmaRoc PLC's placing which raised £13.9m. Berenberg acted as sole broker and bookrunner to the placing.

International legal business DWF has advised the London branch of Joh. Berenberg, Gossler & Co. KG in relation to SigmaRoc PLC's placing which raised £13.9m. Berenberg acted as sole broker and bookrunner to the placing.