Watson Farley & Williams (“WFW”) has advised a group of 27 international and local banks, acting as financiers under a variety of bilateral and syndicated, secured and unsecured, debt financing, Islamic financing and leasing facilities, in relation to the consents necessary in connection with their successful financing of the US$14bn merger between Hapag-Lloyd and United Arab Shipping Company (“UASC”).
Ashurst advised Capvis Equity IV LP, a fund advised by Swiss based private equity firm Capvis Equity Partners AG (together Capvis), on the financing of the acquisition of the ProXES Holding GmbH.
Capvis purchases the shares of the previous majority shareholders, Deutsche Beteiligungs AG (DBAG) and DBAG Fund V, together with two co-investors.
The parties have agreed not to disclose the financial details of the transaction.
Sidley is representing China Merchants Bank Co., Ltd. as mandated lead arranger on an acquisition facility for a member of the Creat Group in connection with its all-cash offer for the voluntary takeover of Biotest AG, a German pharmaceutical company. Creat is a Chinese investment group that invests in healthcare and pharmaceuticals, manufacturing, energy, finance and natural resources.
Ashurst has advised International Petroleum Corporation ("IPC") on its US$100 million reserve-based lending facility.
IPC is a new oil and gas exploration and production company which has been spun-off from Lundin Petroleum AB and is listed on the Toronto Stock Exchange and Nasdaq First North. IPC has a portfolio of upstream oil and gas assets in France, the Netherlands and Malaysia.
Led by their Frankfurt based Partners Michael Schlitt and Tim Brandi, Hogan Lovells advised Bank of America Merrill Lynch on a fairness opinion in relation to the integration of 1&1 Telecommunication SE into Drillisch AG under the umbrella of United Internet AG.
Simpson Thacher is representing funds advised by Apax Partners LLP in connection with the financing for its acquisition of Safetykleen Europe from Warburg Pincus. The transaction is subject to customary closing conditions and is expected to close in Q3 2017. Safetykleen Europe is the largest service provider of surface treatment and chemical application services.
The Simpson Thacher team includes Ian Barratt, Kate Sinclair and Jason Lim (Credit).
Schoenherr has advised Erste Group Bank AG ("Erste Group"), one of the leading financial service providers in Central and Eastern Europe, on the financing of the leveraged buyout of Austrian sensor technology manufacturer Frauscher Sensortechnik GmbH ("Frauscher Sensortechnik") by New York-based Greenbriar Equity Group LLC ("Greenbriar").
Schoenherr acted as lead counsel to the agent and original lender Erste Group with respect to the structuring and implementation of the leveraged buyout financing under Austrian law.
Frankfurt, May 16, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised ABN AMRO Bank N.V. and Banco Santander S.A. as mandated lead arrangers, bookrunners and lenders on the financing of the acquisition of the EUROPART Group. Europart will be acquired by Alpha Private Equity Funds from the current investors Triton and Paragon. The parties have agreed to not disclose the deal volume.
Gleiss Lutz has advised United Internet AG on the financing of its voluntary public takeover offer for Drillisch AG. The offer is financed by a syndicated loan of EUR 2.5 billion provided by a syndicate of international banks. Further, Gleiss Lutz simultaneously advised on the consolidation of the existing syndicated loans.
We advised Finland-based Työttömyysvakuutusrahasto, The Unemployment Insurance Fund in relation to a EUR 400,000,000 credit facility agreement which Työttömyysvakuutusrahasto signed on 20 April 2017 with OP Corporate Bank plc, Nordea Bank AB (publ), Finnish Branch, Svenska Handelsbanken AB (publ), Branch operation in Finland and Swedbank AB (publ). The credit facility has a maturity of two years and the Finnish Government has granted a state guarantee of EUR 440,000,000 for the credit facility.