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Finance & Banking

DLA Piper advises Profin Group and its shareholders on the sale of Profin Group to Inwido

18 Jun 2018

DLA Piper has advised Profin Group and its shareholders on the sale of the entire share capital of Profin Group, a Finnish manufacturer of premium sliding doors and windows, to Inwido.

Profin was founded in 1977 in Northern Finland and over the past decade, has become the market leading manufacturer of high quality sliding doors in Finland. In addition to the domestic market, Profin also exports to several other EU countries, Japan and Russia.

Ant Financial Raises US$14 Billion in Series C Equity Financing

14 Jun 2018

Simpson Thacher is representing Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Financial”) in its Series C equity financing totaling approximately US$14 billion. Participants in the Series C equity financing include leading global institutional investors such as GIC, Khazanah Nasional Berhad, Warburg Pincus, Canada Pension Plan Investment Board, Silver Lake, Temasek, General Atlantic, funds and accounts advised by T. Rowe Price Associates, Inc., The Carlyle Group, Janchor Partners, Discovery Capital Management, Baillie Gifford, and Primavera Capital.

Blackstone Real Estate Partners Asia II Raises $7.1 Billion

14 Jun 2018

Simpson Thacher represented The Blackstone Group L.P. (“Blackstone”) in the establishment of its second Asian opportunistic real estate fund, Blackstone Real Estate Partners Asia II L.P. (“BREP Asia II”). Blackstone has announced that BREP Asia II has held a final close and reached its hard cap. Together with commitments from Blackstone and its affiliates, BREP Asia II has approximately $7.1 billion of capital commitments.

Linklaters advises as Garanti Bank issues the first emerging markets gender bond

14 Jun 2018

Linklaters has advised Turkey’s Garanti Bank on its issue of $75 million of gender bonds, the first gender bond to be issued in the emerging markets. The gender bonds are focused on financing small enterprises and companies owned or managed by women in Turkey. The gender bonds were subscribed by the IFC, a member of the World Bank Group. The investment was made in partnership with the Women Entrepreneurs Opportunity Facility (WEOF), launched by IFC through its Banking on Women Program, and Goldman Sachs 10,000 Women.

Macfarlanes advises Pluto Finance on company’s largest residential development facility

14 Jun 2018

Macfarlanes has advised UK-based residential lender Pluto Finance on a 36 month £59.8m residential development facility to Sky Building No 1 Ltd, the largest loan that Pluto Finance has made to date.
The loan, arranged by broker BBS Capital, will be used to finance the development of New Horizons Court in Brentford, one of London’s largest residential development schemes, which will convert 140,248 sq ft of office space including Sky’s former headquarters into 268 flats.

Clifford Chance is advising global payments platform Adyen on IPO and listing of Adyen's shares on Euronext Amsterdam

14 Jun 2018

Hans Beerlage, Han Teerink, Marian Scheele, Jurgen van der Meer, Mark Jan Arends, Floris van de Bult, Michiel Sunderman, Evert van der Kaa, Sara Schermerhorn, Bauke de Vries, Tjerk de Jonge, Alex Bafi, Olivier Plessis

Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, London, Clifford Chance, Luxembourg

Clifford Chance Badea advises BNP Paribas in the acquisition of German-based group IKB local assets

13 Jun 2018

Clifford Chance Badea, the local office of global law firm Clifford Chance, has advised BNP Paribas Leasing in the acquisition of shares in two Romanian companies from German-based group IKB that is exiting the local market.

The deal involved a mixed team of M&A and Banking & Finance lawyers coordinated by managing partner Daniel Badea and counsel Loredana Ralea. The team included Cosmin Anghel (counsel), Diana Crangasu (senior associate) and Diana Moroianu (associate).

Milbank Represents Placement Agents in £98.3M Private Placement by Ardonagh

12 Jun 2018

Milbank represented Merrill Lynch International and Goldman Sachs International as placement agents in connection with the private placement of £98,300,000 aggregate principal amount of 8.375% senior secured notes due 2023 issued by Ardonagh Midco 3 plc.

Ardonagh is a leading diversified independent insurance intermediary in the United Kingdom.

The Milbank team was led by Rebecca Marques.