On April 1, 2019, Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) announced a convertible loan facility of $12 million with Beedie Capital to fund acquisitions of new royalties and streams.

Beedie Capital is the family office investment arm of Beedie Group, the largest private industrial owner, developer and property manager in Western Canada.

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.

Ashurst advised several lenders on the financing of the acquisition of Valantic GmbH by funds advised by Deutsche Private Equity (DPE). 

Valantic is a software and IT consultancy provider based in Munich. It was founded in 2012 under the name DABERO Service Group and was renamed to Valantic in 2017. It employs more than 800 people.

Shearman & Sterling advised Deutsche Apotheker- und Arztebank eG (apoBank) and Skandinaviska Enskilda Banken AB (SEB) on the financing of the acquisition of Rehacon Group, one of the leading German providers of physiotherapy services, by Waterland Private Equity (Waterland).

Milbank LLP advised PT Bank Mandiri (Persero) Tbk. (“Mandiri”), MUFG Bank, Ltd. and ICICI Bank Limited in connection with a senior secured US$75 million term loan provided to leading Indonesian energy firm PT Indika Energy Tbk. (“Indika”). Mandiri also acted as Coordinating Bank. The proceeds will be used by Indika to, in part, construct a port project comprising certain building and jetty operations, as well as a fuel storage facility. The project is expected to achieve completion in July 2020.

Law firm Stephenson Harwood LLP has advised ABN AMRO Bank N.V. (ABN) – in its capacity as arranger and sole lender – on a buyer credit facility in relation to a loan to be extended to Star Bulk Carriers Corp. (Star Bulk). The loan will be used to finance the delivery and installation of scrubbers on a series of vessels owned by the group. The facility is insured by Atradius Dutch State Business N.V.(Atradius DSB).

DLA Piper represented Alsea S.A.B. de C.V., a Mexico City-based operator of quick service restaurants, coffee shops and casual dining establishments in Latin America and Spain, in the financing related to its EU575 million acquisition of Spanish restaurant group Grupo Vips.

Grupo Vips managed 349 corporate restaurants and 90 subfranchises through a total of six brands in Spain, Portugal and Andorra at the end of the third quarter of 2018. The acquisition represents an opportunity for Alsea to further expand its presence in Europe.

Milbank LLP has advised Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, in connection with the closing of its inaugural US$500 million three year unsecured term loan facility. The transaction was oversubscribed and upsized by over 60% based on the original launch size of US$300 million. Avolon intends to use the net proceeds from the financing for general corporate purposes, which may include the future repayment of outstanding secured indebtedness.

Squire Patton Boggs has again advised Appen Limited (ASX: APX) in relation to debt funding for its acquisition of San Francisco-based Figure Eight Technologies, Inc., for up to US$300 million comprising upfront and earn-out payments. A syndicate of leading global and Australian banks have committed to providing debt facilities to assist Appen in financing this acquisition.

The acquisition is also funded by a fully underwritten placement arranged by Citigroup, which marked the largest primary capital raising of 2019 so far in Australia.