Watson, Farley & Williams Asia Practice has advised MISC Capital in relation to their USD$1 billion loan facility to refinance existing debt and for other corporate purposes.
Irwin Mitchell, has advised its client Centric Commercial Finance on a deal which has saved more than 200 jobs across the Midlands.
The deal, which follows the government's announcement to sell off or close Remploy factories, sees Remploy Automotive being acquired by Arlington Industries Group in London.
Clifford Chance has advised international KBC Bank as lead arranger on a priority revolving credit facility of EUR 90 million for FieldLink NV and is accompanied by a high-yield bond of €285 million subject to the law of the State of New York. This cross-border operation involved teams from seven countries of Clifford Chance (the Netherlands, France, Belgium, Germany, Spain, Italy, the United Arab Emirates/Dubai). ABN AMRO Bank acted as agent and ING Bank as collateral agent on behalf of the lending banks and bondholders .
Ashurst has advised VR Equitypartner GmbH and Süd Beteiligungen GmbH (SüdBG) on the financing of the takeover of DUO PLAST AG. The two private equity firms have jointly acquired the majority in the packaging manufacturer from its founder, CEO and hitherto main shareholder, Norbert Jäger. The transaction still requires antitrust approval. The parties have agreed not to disclose the financial details of the transaction.
Linklaters has advised Tank & Rast on the 1.45 billion euro senior secured credit facilities and associated hedging transactions in connection with the complete refinancing of its existing senior and junior credit facilities maturing in August 2014 which was completed at the beginning of this month. Tank & Rast is the leading German motorway services operator owned by private equity firm Terra Firma and Deutsche Bank's infrastructure division RREEF.
Allen & Overy LLP has advised the Tank & Rast Group as part of its comprehensive refinancing in the successful placement of a Senior Second Lien high-yield bonds with a volume of 460 million Euro and in the placement of a PIK Facility with a volume of 240 million euros.
Allen & Overy LLP is advising its longstanding client 21st Century Fox, Inc. (formerly News Corporation) in connection with the financial support of the acquisition of different corporate investments by Sky Germany.
Osborne Clarke has represented the Financial Sponsors team at RBS on its acquisition financing of this key customer by Kester Capital. RBS has worked with Frontier for a long time and was a natural choice to support Kester and Frontier into this next phase for the business.
RBS provided term and ancillary facilities for the transaction. Commenting, Nick Evans, Director at RBS, said:
“We are very pleased to have been able to support this transaction and continue our relationship with Frontier, a strong local business that we have worked with since 1973.”
Watson, Farley & Williams in association with Lau, Leong & Co has advised DNB Asia Ltd as Facility Agent for a syndicate of eight lenders on the provision of a US$700m facility to BW LPG Holdings Limited to finance 20 LPG carriers and for general working capital purposes.
DNB Asia Ltd is part of Norway’s largest financial services group and specialises in providing shipping and offshore finance, and the syndicate members comprised leading banks across Europe and Asia.
Ashurst advised Bank of America Merrill Lynch International in relation to the £1.56 billion recommended cash offer for AZ Electronic Materials S.A., the London-listed company that makes chemicals used in electronic devices such as Apple's iPad, announced today. The offer is being made by Germany's Merck 15. Allgemeine Beteiligungs-GmbH, an indirect wholly-owned subsidiary of Merck KGaA, the world's largest maker of liquid crystals for flat panel displays. BofAML is acting as financial adviser to Merck.