With a Frankfurt-based team led by partner Thomas K. Schrell, business law firm Heuking Kuhn Luer Wojtek advised HF Private Debt on financing the acquisition of all shares in M&M Werbeagentur GmbH - phone card marketing. The financing volume was not disclosed.
Herbert Smith Freehills is advising Virgin Atlantic on the acquisition of Flybe and Flybe.com (the operating subsidiaries of Flybe Group) by Connect Airways, a joint venture company owned by Virgin Atlantic, the Stobart Group and Cyrus Capital, and associated £100 million financing for Flybe.
Ashurst is advising Goldman Sachs and Wells Fargo in relation to the £3.3 billion recommended cash offer for RPC Group plc by Berry Global.
Berry is a Fortune 500 global manufacturer and marketer of plastic packaging products listed on the New York Stock Exchange. It has over 131 facilities and more than 23,000 employees across the world. For the financial year ended 29 September 2018, Berry’s revenue was US$7.9 billion.
Paul Hastings LLP, a leading global law firm, has advised Barings Global Advisers Limited, a leading global investment management firm, in respect of the second lien financing supporting the acquisition of PhysIOL Group SA by BVI (Beaver-Visitec International). BVI is an existing portfolio company of TPG Capital. PhysIOL was sold to BVI by European private equity sponsor, TA Associates.
Global law firm White & Case LLP has advised a syndicate of lenders to Petrolera Cárdenas Mora, S.A.P.I. de C.V., a wholly owned subsidiary of the Egypt-based Cheiron Petroleum Corporation, on the first-ever reserve-based lending transaction in respect of upstream oil & gas assets located in Mexico. Cheiron Petroleum Corporation is a leading independent exploration and production company focused on the development of mature oil & gas fields with upside potential.
Global, sector-focused law firm HFW has advised the mandated lead arrangers and coordinating bookrunners on a secured US$725 million revolving credit facility for Sweden's Stena AB.
HFW acted for Handelsbanken Capital Markets, Svenska Handelsbanken, Nordea Bank, Skandinaviska Enskilda Banken, and Swedbank on the transaction, which represented a refinancing of Stena's existing US$800 million revolving credit facility.
The new facility has a five year maturity and is provided by a syndicate of 12 lenders.
Global law firm White & Case LLP has advised the Industrial and Commercial Bank of China on its €846 million dual tranche acquisition bridge financing for a consortium led by Jin Jiang International Holdings Co.
Allen & Overy has advised Inside Secure (Euronext Paris: INSD), a provider of security solutions for mobile and connected devices, on the financing of the acquisition of Verimatrix, Inc. („Verimatrix“), a privately-held company headquartered in San Diego, California, USA, in relation with a bond financing subscribed by Apera Capital (the “Senior Notes”).
Shearman & Sterling advised Citibank Europe’s, UK Branch, as administrative agent, on a €200 million multicurrency revolving credit facility for Avon International Capital.
Avon International Capital, a subsidiary of Avon Products headquartered in London, United Kingdom, manufactures and markets beauty and related products around the globe.
The Shearman & Sterling team below was supported by associates Spencer Barrowes and Raphael Tulkens.
The Team
JONATHAN (JD) DESANTIS
PETER HAYES
ANKITA SETHIA
MOHAMED EL-SAYED
Ashurst advised Dutch Infrastructure Fund (DIF) and Aberdeen Standard Investments (ASI) on the acquisition of 100% of UNITANK Group through a jointly held acquisition vehicle.
UNITANK, a privately-held German-based business, operates six large storage terminals for mineral oil products in Germany and Belgium, with a capacity of 1.1 million cubic metres.
Ashurst advised on the acquisition by DIF and Aberdeen Standard Investments as well as on the financing of the transaction. The acquisition requires antitrust clearance by the EU Commission.