Kraken Robotics Inc. (TSXV: PNG) (OTCQB: KRKNF) announced that it had closed its previously announced bought deal short form prospectus offering of common shares of the company for gross proceeds of $6 million.
The offering was completed by a syndicate of underwriters led by Clarus Securities Inc. as lead underwriter and sole bookrunner, and including Beacon Securities Limited.
Firm advises on Palatine Private Equity acquisition of CET UK from Dunedin.
Palatine Private Equity, a UK mid-market private equity house, has acquired Derbyshire based CET UK, a major provider of outsourcing services to the insurance and construction industries, from Dunedin.
The Burges Salmon team, led by Banking partner Rachael Ruane, advised long term client Beechbrook Capital in their capacity as mezzanine lender on all legal aspects of funding for the transaction.
Watson Farley & Williams (“WFW”) advised Deutsche Bank AG, London Branch (“Deutsche Bank”), in relation to a US$180.5m term facility provided to Poseidon Containers Holdings LLC (“Poseidon”) to repay and extinguish a previous secured bank debt facility.
The Firm recently represented JPMorgan in connection with an amendment to Wolverine World Wide’s credit facility to, among other things, provide for (a) a term loan A facility in an aggregate principal amount of $200 million, and (b) an increased revolving credit facility with total commitments of $800 million.
Orrick advised Crédit Agricole Corporate and Investment Bank in the financing of CityFast’s acquisition of a Fiber to the Home (FTTH) network, built by Bouygues Telecom and located in highly populated areas of France. CityFast is a special purpose vehicle founded by Axione and Mirova.
Shearman & Sterling advised Silverfleet Capital and their portfolio company 7days on the financing of the add-on acquisition of Praxis Herning A/S, a Danish supplier of specialist workwear. Managing Directors Jesper Rasmussen and Søren Wortmann, who are the majority shareholders of Praxis, will continue to manage the business and are acquiring an interest in 7days as part of the transaction.
Global law firm White & Case LLP has advised ING Belgium SA/NV, KBC Bank NV and Belfius Bank NV, as mandated lead arrangers and bookrunners, on a financing for Waterland's acquisition of a stake in Intracto.
Intracto is a fast growing digital agency servicing clients in the Benelux. Waterland is an independent private equity investment group that supports entrepreneurs in realizing their growth ambitions.
The White & Case team which advised on the transaction was led by local partner Hadrien Servais with support from associate Eline Souffriau.
Global law firm White & Case LLP advised US methanol producer Natgasoline LLC and its shareholders, OCI N.V. and Consolidated Energy Limited, on an approximate US$900 million optimization of its capital structure.
The financing comprises a US$565 million Term Loan B with a seven-year term, a US$60 million revolving credit facility with a five-year term, and a US$336 million bond with a 13-year term, which was issued in the US market.
International law firm Ashurst has advised Siccar Point Energy on the increase of its existing reserve based lending facility ('RBL') from US$600 million to US$800 million. The agreement, reached with the participation of all Siccar Point Energy's existing banks, includes an extension of its maturity by two years, to 2025.
The Ashurst team was led by oil and gas financing partner Huw Thomas, assisted by associate Nicole Lim. The team worked closely with David Sheach, general counsel of Siccar Point Energy.
Ashurst advised Erdo Holding B.V., a portfolio company of DPE Deutsche Private Equity Management III GmbH (DPE) based in Munich on the financing of the acquisition of the Gilden Group (Gilden). Gilden is a leading Dutch roofing business.
Ashurst regularly advises Deutsche Private Equity and already advised DPE on the initital transaction in 2017, when DPE acquired a majority stake in Gilden.