Ashurst is advising Morgan Stanley & Co. International plc and Credit Suisse International in relation to the £9.3 billion recommended merger of Worldpay plc ('Worldpay') with Vantiv LLC ('Vantiv') and Vantiv UK Limited (a newly incorporated subsidiary of Vantiv LLC) ('Bidco'), which announced today (9 August 2017). It is intended that the merger will be implemented by means of a court-sanctioned scheme of arrangement.
Led by Frankfurt-based Partner Dr. Katlen Blöcker Hogan Lovells advised Vapiano SE on a syndicated loan.
In the context of Vapiano SE's IPO, for which Prof. Dr. Michael Schlitt acted as lead counsel, the Hogan Lovells Banking team advised Vapiano SE on a syndicated loan in the amount of EUR 200 million, with an increase option of up to EUR 50 million. UniCredit Bank AG acted as lead arranger and agent, and UniCredit Luxembourg S.A. as trustee. The lenders were Barclays Bank plc, Commerzbank AG, Credit Lyonnais, DZ Bank AG, HSH Nordbank AG and UniCredit Luxembourg S.A.
International law firm Watson Farley & Williams (“WFW”) has advised Commerzbank AG (“Commerzbank”) on the granting of a corporate loan facility to the Förde Reederei Seetouristik GmbH & Co. KG Group (“FRS Group”).
The FRS Group intends to primarily use the loan to finance €17m project expansion costs. Other tranches of the loan will be used to renew its ferry fleet operating between Hamburg and Heligoland (including a newbuild vessel for 2018) and to expand its business in the US northwest.
International legal practice Osborne Clarke has advised HSBC on the £25M funding of the management buyout of Amberon, one of the UK’s leading traffic management services, by LDC.
As part of its investment, LDC will take a significant stake in the fast-growing company alongside the current management team – led by Managing Director Terry Musson and Commercial Director Daniel East – whilst enabling its founder shareholders to exit the business.
Clifford Chance has advised the banks on the financing of Paris-based private equity investment company Ardian's acquisition of imes-icore. Imes-icore is a producer of premium CNC milling machines for dental and industrial applications. Commerzbank Aktiengesellschaft, SEB AG and UniCredit Bank AG acted as arrangers of the syndicated facilities. UniCredit Bank AG is acting as facility agent and security agent.
Baker McKenzie advised the banking consortium on the acquisition of ista International GmbH, one of the world's leading energy efficiency providers, by a Chinese joint venture, CK Infrastructure Holdings Limited (CKI) and Cheung Kong Property Holdings Limited. The majority of the vendor is held by CVC Capital Partners Fund V, who had purchased the highly profitable heating and water meter specialists in 2013.
The acquisition is financed by a consortium of 13 European and Asian banks.
Allen & Overy said today that the complex restructuring of the financial indebtedness of Premier Oil plc., the independent oil and gas exploration and production company, has become effective.
This is the largest and most complex restructuring of a North Sea oil company to date.
Dentons is pleased to have advised Industrial and Commercial Bank of China Limited London Branch (ICBC London), the world's largest bank by total assets, on its agreement with Everton Football Club which will see the bank provide the Premier League Club with a £60 million three-year revolving credit facility. The deal represents the first time ICBC London has provided funding to a Premier League Club.
The Firm is representing J.P. Morgan Europe Limited, JPMorgan Chase Bank N.A. and Goldman Sachs Bank USA in connection with the £1.115 billion bridge financing for Michael Kors (USA), Inc. and Michael Kors Holdings Limited related to the announced acquisition of Jimmy Choo PLC.
Slaughter and May advised Premier Foods plc (“Premier Foods”) on the extension of its existing revolving credit facility in relation to the commitments of certain lenders through the incorporation of a new integrated forward start tranche, which will extend the maturity of certain commitments under the revolving credit facility until December 2020.