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Finance & Banking

CIF Group completes First STS Securitization in Europe

02 Apr 2019

Jones Day advised Credit Immobilier de France (CIF) Group on the French home loans securitization made through "Private Harmony French Home Loans FCT". Crédit Agricole Corporate and Investment Bank and BNP Paribas are co-arrangers. The securitized assets are receivables arising from a portfolio of French home loans of more than €1 billion (US$1.1 billion). The notes issued by the French securitization fund Private Harmony French Home Loans FCT were privately placed.

Simpson Thacher Represents Underwriters in $950 Million Debt Offering by RELX

02 Apr 2019

Simpson Thacher represented J.P. Morgan Securities LLC, Santander Investment Securities Inc., SG Americas Securities, LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC in the registered public offering by RELX Capital Inc. of $950 million aggregate principal amount of 4% notes due 2029 guaranteed by RELX PLC (together with its subsidiaries, associates and joint ventures, “RELX”).

Clifford Chance advises J.P. Morgan on financing of the planned acquisition of WABCO by ZF Friedrichshafen

02 Apr 2019

Leading international law firm Clifford Chance advised J.P. Morgan acting as financial advisor and provider of acquisition financing to ZF Friedrichshafen AG in connection with its contemplated acquisition of U.S. automotive supplier WABCO Holdings Inc. The Clifford Chance team advised J.P. Morgan on all issues relating to the financing as well as on takeover aspects of the transaction.

Baker McKenzie advised Dicopay on private placement

01 Apr 2019

The Swedish fintech company Dicopay has raised SEK 42 million to help accelerate the roll out of its services and expand its offering. Amongst the investors are Schibsted, Resurs Bank and Moore Strategic Ventures.

Dicopay is a leading provider of mobile invoicing and fast payments solutions.

Baker McKenzie acted as legal advisor in the transaction. Baker McKenzie’s team consisted of Carl Svernlov, Ian Gulam and Carl Isaksson.

 

Slaughter and May is advising OakNorth on its $440 million equity raise led by SoftBank Vision Fund

29 Mar 2019

Slaughter and May is advising OakNorth Holdings Ltd (OakNorth) on its $440 million equity raise, with $390 million of primary investment from SoftBank Vision Fund and additional secondary investment by the Clermont Group.

OakNorth is a challenger bank that specialises in lending to small and medium-sized businesses. Since OakNorth’s launch in September 2015, it has lent more than $4 billion to British businesses, and has licensed its automated lending system to other banks and lenders around the world.

CMS BELGIUM ASSISTED SOCIETE GENERALE IN THE SALE OF ITS PRIVATE BANKING AND WEALTH MANAGEMENT ACTIVITIES IN BELGIUM TO ABN AMRO

29 Mar 2019

CMS Belgium assisted the French banking group Societe Generale in the sale of its private banking and wealth management activities in Belgium to ABN AMRO. The transaction was signed on 30 July 2018 and completed on 28 February 2019 upon obtaining the required regulatory and merger control approvals.

The CMS team that assisted Societe Generale included Arnaud Van Oekel, David Prync, Alice Pilate, Benoit Vandervelde and Joelle Froidmont.

Clifford Chance advises Vseobecna uverova banka, a.s. on the first syndicated Slovak covered bond transaction

29 Mar 2019

Clifford Chance advised the issuer Vseobecna uverova banka, a.s. (VUB), a Slovak subsidiary of Intesa Sanpaolo, in connection with the update of its EUR 5 billion covered bond programme and its inaugural syndicated EUR 500 million issuance listed on the Luxembourg Stock Exchange.