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Finance & Banking

WFW advises Citibank and Nordea on ECA-backed loan restatement resulting from blockbuster merger

18 Jun 2018

Watson Farley and Williams (“WFW”) has advised Citibank N.A, London Branch (“Citibank”) and Nordea Bank AB (Publ), New York Branch (“Nordea”) on the amendment and restating of a US$963m loan to Euronav, as a result of the Belgian shipowner’s US$504m merger with Gener8 Maritime (“Gener8”).

WFW advises NORD/LB on German-Danish cross-border solar plant pilot tender

18 Jun 2018

Watson Farley & Williams (“WFW”) has advised Norddeutsche Landesbank Girozentrale (“NORD/LB”) on the circa €40m long-term financing of the first German-Danish cross border tender for a portfolio of eight solar plants in Denmark with a total installed capacity of 70 MW to be developed by Danish company European Energy.

Freshfields advises on first Chinese third-party payment service provider listing on HKSE’s Main Board

18 Jun 2018

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised CLSA Capital Markets Limited and J.P. Morgan Securities (Far East) Limited, the joint sponsors to the Hong Kong Stock Exchange (HKSE) listing of Huifu Payment Limited (‘Huifu Payment’), a leading independent third-party payment service provider in the PRC. The transaction marks the first-ever IPO by a Chinese third-party payment service provider listing on HKSE’s Main Board. The total offer value is approximately US$217m (before the exercise of the over-allotment option).

Clifford Chance advises on first commercial scale offshore wind farm in Asia

18 Jun 2018

Leading international law firm Clifford Chance has advised the sponsors (Macquarie Capital, Ørsted and Swancor Renewable Energy) on the NT$18.7 billion (US$627 million) 16-year project financing of the development, construction, commissioning, testing and operation of Formosa 1 – Taiwan's first commercial scale offshore wind farm.

This landmark transaction represents a defining first step towards Taiwan achieving its objective of delivering 5.5GW of energy from offshore wind farm projects by 2025.

Clifford Chance advises on the first payment company IPO in Asia

18 Jun 2018

Clifford Chance advised one of China's leading independent third-party payment service providers, Huifu Payment Limited (Hui Fu Tian Xia You Xian Gong Si ), on its US$216 million (HK$1.7 billion) initial public offering and listing on the Hong Kong Stock Exchange. CLSA and J.P. Morgan acted as sponsors on the transaction. Huifu is the first payment company to list in Hong Kong and this is also the first payment company IPO out of Asia.

Eversheds Sutherland advises Cantor Fitzgerald and Macquarie on acquisition by Atlantis Resources of SIMEC Uskmouth Power and related equity fundraising

18 Jun 2018

Eversheds Sutherland has advised Cantor Fitzgerald Europe (as Nomad and Joint Bookrunner) and Macquarie Capital (Europe) Limited (as Joint Bookrunner) in connection with the acquisition by Atlantis Resources plc of SIMEC Uskmouth Power Limited from SIMEC, a member of the GFG Alliance and an associated £20 million equity fundraising.

The acquisition constitutes a reverse takeover under the AIM Rules for Companies. As such, both the acquisition and the fundraising are subject to the approval of Atlantis shareholders, to be sought at a general meeting on 13 June 2018.

Eversheds Sutherland advises Cantor Fitzgerald and Macquarie on acquisition by Atlantis Resources of SIMEC Uskmouth Power and related equity fundraising

18 Jun 2018

Eversheds Sutherland has advised Cantor Fitzgerald Europe (as Nomad and Joint Bookrunner) and Macquarie Capital (Europe) Limited (as Joint Bookrunner) in connection with the acquisition by Atlantis Resources plc of SIMEC Uskmouth Power Limited from SIMEC, a member of the GFG Alliance and an associated £20 million equity fundraising.

The acquisition constitutes a reverse takeover under the AIM Rules for Companies. As such, both the acquisition and the fundraising are subject to the approval of Atlantis shareholders, to be sought at a general meeting on 13 June 2018.

Eversheds Sutherland advises Investec Bank Plc on €75 million IPO of Yew Grove REIT

18 Jun 2018

Eversheds Sutherland Ireland has advised Investec Bank Plc, as ESM Advisor, Bookrunner and Financial Advisor, on the IPO of Yew Grove REIT plc (“Yew Grove”) on the Enterprise Securities Market of Euronext Dublin (“ESM”) and the AIM market of the London Stock Exchange (“AIM”) and its associated €75 million fundraising. Yew Grove’s shares were admitted to trading on AIM and the ESM on Friday 8 June 2018.