The Hong Kong office of global law firm Eversheds has advised Eagle Ride Investments Limited, a subsidiary of APAC Investment Holdings Limited, on the HK$270 million public takeover bid for shares of Radford Capital Investment Limited, which is listed on the mainboard of the Hong Kong Stock Exchange.
Ashurst has advised Karara Mining Limited (Karara) on its US$130 million facility agreement provided by financier Bank of China Limited, Perth branch (BOC).
Karara is a joint venture between the WA-based Gindalbie Metals Limited and Ansteel, one of China's largest steel makers and iron ore miners. The Karara iron ore project is the first Western Australian magnetite project to reach commercial production and includes processing, rail and port facilities. The US$130 million term loan facility will assist to complete the ramp-up of the project.
Davis Polk advised Computer Sciences Corporation (CSC) in connection with its $2.5 billion revolving credit facility agented by Citibank, N.A., which matures on January 15, 2019. The facility permits borrowings both by CSC and certain foreign subsidiaries in U.S. dollars, euros, pounds sterling and, subject to a maximum amount equal to the U.S. dollar equivalent of $500 million, Japanese yen, Australian dollars and Singaporean dollars and allows, on an uncommitted basis, for an increase of the facility up to $3 billion.
Simmons & Simmons is advising HSBC Bank plc (“HSBC”) and Numis Securities Limited (“Numis”) as joint bookrunners on a £25.6m placing of shares in Chime Communications PLC (“Chime”), the international communications and sports marketing group, as part of the funding for its proposed £43.7m acquisition of Just Marketing, Inc., a global marketing firm focused on motorsports.
Simmons & Simmons is also advising HSBC in respect of its role as sponsor to Chime on both the placing and the acquisition.
The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to GlobalLogic in connection with ODSA Topco Limited’s definitive agreement to acquire GlobalLogic. ODSA Topco is a company backed by Funds advised by Apax Partners, one of the world’s leading private equity firms. Terms of the agreement were not disclosed. The transaction is subject to customary closing conditions and is expected to close by the end of 2013.
Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Darling International Inc. (NYSE: DAR) in connection with Darling’s definitive agreement to acquire the shares of Vion Ingredients, a division of Vion Holding N.V. for approximately €1.6 billion in cash. Vion Ingredients is a worldwide leader in the development and production of specialty ingredients from animal origin for applications in pharmaceuticals, food, feed, pet food, fertilizer and bio-energy.
Slaughter and May advised Okavango Diamond Company (Proprietary) Limited, a wholly owned subsidiary of the Government of the Republic of Botswana, in connection with a US$100 million secured invoice financing facility entered into with Standard Chartered Bank Botswana Limited and Standard Chartered Bank Mauritius Limited.
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Corporate and Commercial: Nigel Boardman (partner), Louise Campbell (associate), Tina Winzer (associate)
Weil advised Avista and Nordic on the transaction valued at approximately £270 million, which was announced on 2 October 2013 and is subject to a minimum acceptance threshold of two-thirds of Acino’s shareholders as well as other customary conditions and regulatory approvals.
The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Zoltek Companies Inc. (NASDAQ: ZOLT) in connection with Toray Industries Inc.’s announced acquisition of Zoltek for $16.75 per share in cash, for a total equity value of approximately $584 million. The transaction is expected to close late 2013 or early 2014, subject to customary closing conditions, including the approval of the Company’s shareholders and certain regulatory approvals.
International law firm Weil, Gotshal & Manges has advised leading fleet management and vehicle outsourcing provider, Zenith, on the refinancing of its senior credit facilities and associated securitisation financing.