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Banking & Finance - Bank Lending/Credit Facilities

HERBERT SMITH FREEHILLS ADVISES BANK OF AMERICA MERRILL LYNCH AS SOLE UNDERWRITER AND MANDATED LEAD ARRANGER ON FINANCING OF GLAXOSMITHKLINE PLC'S ACQUISITION OF TESARO, INC.

28 Jan 2019

Herbert Smith Freehills' London finance team has advised Bank of America Merrill Lynch (BAML) as the sole underwriter and mandated lead arranger on the financing of GlaxoSmithKline plc's acquisition of TESARO, Inc. for a total consideration of approximately $5.1 billion.

 

The team involved in negotiating the financing was led by partners Will Nevin and Gabrielle Wong, with the assistance of key associates Susie Nguyen and Benjamin Robinson.

 

Ashurst advises PIA Group on the financing of the acquisition of UDG United Digital Group

25 Jan 2019
Ashurst advised PIA (Performance Interactive Alliance), a portfolio company of Equistone Partners Europe, on the financing of the acquisition of UDG United Digital Group, a service provider specialising in digital user experience (UX) and technology, from EQT Partners. The acquisition continues PIA's strategy of uniting companies that lead the market within the core subsectors of digital marketing, thus enabling PIA to provide integrated customer solutions under a single umbrella.

FINANCING OF THE ACQUISITION OF UDG UNITED DIGITAL GROUP BY EQUISTONE-BACKED PIA

25 Jan 2019

Shearman & Sterling advised the lenders on the financing of the acquisition of UDG United Digital Group (UDG) by PIA Performance Interactive Alliance (PIA), a portfolio company of Equistone Partners Europe. The acquisition continues PIA’s strategy of uniting companies that lead the market within the core subsectors of digital marketing, thus enabling PIA to provide integrated customer solutions under a single umbrella.

Stephenson Harwood (Singapore) Alliance advises Seacor on US$46 million acquisition

24 Jan 2019

Stephenson Harwood (Singapore) Alliance has advised Seacor Marine on its US$46 million acquisition and financing through deferred payment arrangements of three platform supply vessel newbuildings.

The vessels were purchased from the Cosco Zhoushan shipyard in China. Seacor, the U.S. offshore vessel owner, serves the offshore oil and gas exploration and production industry. This deal is part of the business' ongoing strategic initiative to modernise its fleet. The vessels are Rolls Royce UT771CDL designs which have the capacity to upgrade to a battery hybrid power solution.

Milbank Advises Ardian and d&b audiotechnik on Financing Transaction

19 Jan 2019

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised private equity investor Ardian and its portfolio company d&b audiotechnik on an increase of their existing syndicated loan financing in line with their successful corporate development. The comprehensive amendment agreement to the syndicated loan agreement provides, among other features, a new term facility. The financing bank consortium consists of ten banks and comprises two new banks.

Ashurst advises Permira and Commerzbank on financing the acquisition of VESCON, Schiller Automatisierungstechnik and Schiller Engineering & Maschinenbau

18 Jan 2019

Ashurst advised funds of Permira Debt Managers Ltd on the financing of the acquisition of VESCON GmbH, Schiller Automatisierungstechnik GmbH and Schiller Engineering & Maschinenbau GmbH by Quadriga Capital. VESCON is a medium-sized engineering service provider and plant constructor. The Schiller companies are leading companies in the development and production of complete solutions in the fields of automation, logistics and cleanroom.

HF Private Debt finances further growth of ICP group

17 Jan 2019

With a Frankfurt-based team led by partner Thomas K. Schrell, business law firm Heuking Kühn Lüer Wojtek advised HF Private Debt on the growth financing of ICP group.

In connection with the acquisition of ICP Transaction Solutions GmbH by Operando Partners and other investors, HF Private Debt Fund SCSp provided debt financing for the further expansion of ICP group. The funding volume was not disclosed.

GOWLING WLG ADVISES TRIPLE POINT ON LLOYDS BANK REVOLVING CREDIT FACILITY

17 Jan 2019

International law firm Gowling WLG has advised a wholly owned subsidiary of Triple Point Social Housing REIT plc, TP REIT Propco 2 Limited on the successful signing of a secured £70 million Revolving Credit Facility (RCF) with Lloyds Bank plc.

The floating rate RCF has an initial term of four years, expiring on 20 December 2022 which may be extended by a further two years to 20 December 2024.

WFW advises NBG on landmark €357m facility for DEFSA privatisation

16 Jan 2019

Watson Farley & Williams (“WFW”) advised National Bank of Greece (“NBG”) on a >10 year non-recourse acquisition financing to a consortium comprising Snam, Enagás and Fluxys to fund approximately 65% of the consideration for its acquisition, through Senfluga Energy Infrastructure Holdings (“Senfluga”), of a 66% stake in the Hellenic Gas Transmission System Operator S.A. (“DESFA”) for €535m.  Senfluga completed the acquisition of its shares in DESFA on 20 December 2018.