Law Firm Client Work - Corporate and M&A, Debt Capital Markets, Equity Capital Markets, Infrastructure and Project Finance,International Finance and Bank Credit and Real Estate. Highlights include Slaughter and May advising on the Aviva Dated Tier 2 Fixed to Floating Notes issuance, Davis Polk advising on the Republic of Sri Lanka Bonds due 2025 and White & Case advising on Capital Stage AG’s - UK Solar Parks Refinancing Project Bond.
A SHORT HISTORY OF LIBERTY'S PROGREE THROUGH HE EIGHTEENTH CENTURY
DealFolio Digest 1 - 15 June 2015
1. DealFolio Digest
June 1 – 15 2015
www.legaldealfolio.com
1
Organised Insight into Lawyers’ Client Work
2. • DealFolio Digest for the first half of June 2015, with information on law firm client work in the following practice
areas:
– Corporate and M&A
– Debt Capital Markets
– Equity Capital Markets
– Infrastructure and Project Finance,
– International Finance and Bank Credit
– Real Estate and
– Restructuring.
• Highlights include Slaughter and May advising on the Aviva Dated Tier 2 Fixed to Floating Notes issuance,
Davis Polk advising on the Republic of Sri Lanka Bonds due 2025 and White & Case advising on Capital Stage
AG’s - UK Solar Parks Refinancing Project Bond.
• Please refer to the index on slide 106 for deals classified by industry.
• Full information available at www.legaldealfolio.com.
2
3. • Infrastructure and Project Finance
– Project Bonds………………………………….84
– Project Finance………………………………..85
• International Finance and Bank Credit
– Acquisition Finance…………………….…….88
– Asset Finance and Leasing…………….…….92
– Real Estate Financing…………………..…….93
– Syndicated and Bilateral Loans……….…….95
• Real Estate
– Real Estate Acquisitions and Disposals…..105
3
• Corporate and M&A
– Financial Buyer Acquisitions…………………5
– Group Restructurings………………………...12
– Joint Ventures………..………………………..14
– Mergers………………………………………..16
– Strategic Buyer Acquisitions………………...17
• Debt Capital Markets
– Bond Repurchase and Exchange Schemes....30
– Corporate Bonds……………………...………32
– Equity-Linked Securities……………….…….50
– Islamic Finance……………………….……….54
– Securitisation and Structured Finance……...56
– Sovereign and Public Sector Bonds………....57
• Equity Capital Markets
– Block Placings………..………………….…….59
– Initial Public Offerings…………………….…61
– Rights Issues………………………..…………70
– Secondary Offerings and Placings………..…71
Table of Contents
5. Travers Smith
Brookfield Property Partners Acquisition of Center Parcs UK
Financial Buyer Buyer Acquisitions – Secondary Buy-Out
Travel & Leisure
5
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Chris Hale
6. Travers Smith
Montagu Private Equity Sale of The University of Law
Financial Buyer Buyer Acquisitions – Secondary Buy-Out
General Retailers
6
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Paul Dolman
7. Ashurst
ITOCHU Corporation Investment in Bosideng International
Financial Buyer Buyer Acquisitions – Minority Investment
Personal Goods
7
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Jonathan Hsui
8. Simpson Thacher
Kohlberg Kravis Roberts Acquisition of Channel Control Merchants
Financial Buyer Buyer Acquisitions – Primary Buy-Out
General Retailers
8
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Marni J Lerner
9. Travers Smith
Patron Capital Sale of Motor Fuel Group to CDR
Financial Buyer Buyer Acquisitions – Secondary Buy-Out
General Retailers
9
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Edmund Reed
10. Ashurst
Oakley Capital Private Equity Acquisition of EliteMedianet GmbH
Financial Buyer Buyer Acquisitions – Secondary Buy-Out
Travel & Leisure
10
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Lars Jessen
11. Shearman & Sterling
International Chemical IG Purchase of INEOS Chlorovinyl Assets
Financial Buyer Buyer Acquisitions – Primary Buy-Out
Chemicals
11
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Thomas Konig
12. Freshfields Bruckhaus Deringer
Hutchison Whampoa/Cheung Kong Property Reorganisation and Spin-Off
Group Restructurings
Real Estate Investment & Services
12
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Grace Huang
13. Ashurst
Vedanta Limited and Cairn India Limited Intra-Group Merger
Group Restructurings
Mining
13
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Tom Mercer
14. Ashurst
Oxford Instruments/GDI - Ultra High Vacuum Surface JV
Joint Ventures
Technology Hardware & Equipment
14
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Tim Rennie
15. Simpson Thacher
Karl Lagerfeld Group Joint Venture with G-III Apparel Group
Joint Ventures
Personal Goods
15
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Ryerson Symons
16. Simpson Thacher
JP Morgan - Standard Pacific Merger with The Ryland Group Inc
Mergers
Household Goods & Home Construction
16
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Robert E Spatt
17. Fox Williams
Pion Limited Sale to SAGE Publications Limited
Strategic Buyer Acquisitions – Private Company
Media
17
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Peter Faber
18. DLA Piper
Walter Kuna - Sale of Kuna and Co to Evercore
Strategic Buyer Acquisitions – Private Company
Financial Services
18
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Silke Gantzckow
19. DLA Piper
Sale of Mixamo Inc to Adobe Systems Incorporated
Strategic Buyer Acquisitions – Private Company
Software & Computer Services
19
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Tom Furlong
20. Davis Polk
Bio-Reference Laboratories Acquisition by OPKO Health
Strategic Buyer Acquisitions – Public Company Recommended Offer
Pharmaceuticals & Biotechnology
20
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David L Caplan
21. Macfarlanes
Faccenda Investments Sale of Hillesden Securities (dlc)
Strategic Buyer Acquisitions – Private Company
Financial Services
21
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Emmie Jones
22. Simpson Thacher
Apax Partners Sale of Golden Jaguar International
Strategic Buyer Acquisitions – Private Company
Travel & Leisure
22
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Shaolin Luo
23. Davis Polk
Government Properties Income Trust Acquisition of REIT Management
Strategic Buyer Acquisitions – Private Company
Real Estate Investment Trusts
23
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Phillip R Mills
24. White & Case
Banco de Sabadell SA Public Cash Offer for TSB Banking Group plc
Strategic Buyer Acquisitions – Public Company
Banks
24
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Juan-Manuel de Remedios
25. Simpson Thacher
Panasonic Healthcare Acquisition of Bayer Diabetes Care Business
Strategic Buyer Acquisitions – Private Company
Healthcare Equipment & Services
25
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David A Sneider
26. Simpson Thacher
Acquisition of HCC Insurance by Tokio Marine Holdings
Strategic Buyer Acquisitions – Private Company
Nonlife Insurance
26
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Carolina B Gottschalk
27. Clifford Chance
Citi Sale of Consumer Banking Business in Egypt
Strategic Buyer Acquisitions – Private Company
Banks
27
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Mo Al-Shukairy
28. White & Case
Comverse, Inc Agreement to Acquire Acision
Strategic Buyer Acquisitions – Private Company
Software & Computer Services
28
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Gavin Weir
30. Simpson Thacher
BRF SA - Cash Tender Offer for Notes due 2017 - 2022
Bond Repurchase and Exchange Schemes – Repurchase Offers
Food Producers
30
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Grenfel S Calheiros
31. White & Case
CGG Public Exchange Offer for Convertible Bonds due 2019
Bond Repurchase and Exchange Schemes – Exchange Offers
Oil Equipment, Services & Distribution
31
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Severin Robillard
32. Davis Polk
Fantasia Holdings Group Co High-Yield Notes due 2018
Corporate Bonds – Senior Debt
Real Estate Investment & Services
32
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William F Barron
33. Davis Polk
Energizer SpinCo Issuance of Notes due 2025
Corporate Bonds – Senior Debt
Electronic & Electrical Equipment
33
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Michael Kaplan
34. Davis Polk
ArcelorMittal Offering of Notes due 2020, due 2025
Corporate Bonds – Senior Debt
Industrial Metals & Mining
34
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Andres V Gil
35. Davis Polk
Autodesk Issuance of Senior Notes due 2020, due 2025
Corporate Bonds – Senior Debt
Software & Computer Services
35
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Alan F Denenberg
36. Shearman & Sterling
Consolidated Communications Offering of Senior Notes due 2022
Corporate Bonds – Senior Debt
Fixed Line Telecommunications
36
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Jason R Lehner
37. Davis Polk
TTX Company Issuance of Series A Medium-Term Notes
Corporate Bonds – Senior Debt
Industrial Transportation
37
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Bruce K Dallas
38. Simpson Thacher
NXP Funding Offering of Senior Notes due 2020, due 2022
Corporate Bonds – Senior Debt
Technology Hardware & Equipment
38
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Nicholas J Shaw
39. Slaughter and May
Aviva Dated Tier 2 Fixed to Floating Rate Notes
Corporate Bonds – Subordinated Debt
Nonlife Insurance
39
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Miranda Leung
40. Davis Polk
Mohawk Industries Issue of Senior Notes due 2022
Corporate Bonds – Senior Debt
Construction & Materials
40
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Richard A Drucker
41. Davis Polk
XPO Logistics, Inc Offering of Senior Notes due 2022
Corporate Bonds – Senior Debt
Support Services
41
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Michael Kaplan
42. Shearman & Sterling
Lenovo Group Limited - Issuance of Senior Notes due 2020
Corporate Bonds – Senior Debt
Technology Hardware & Equipment
42
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Kyungwon Lee
43. Shearman & Sterling
Reliance Industries - Formosa Senior Notes due 2035
Corporate Bonds – Senior Debt
General Industrials
43
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Kyungwon Lee
44. Davis Polk
DuPont Fabros Technology Offering of Senior Notes due 2023
Corporate Bonds – Senior Debt
Support Services
44
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John G Crowley
45. Simpson Thacher
Apple Inc Issuance of Yen Denominated Notes due 2020
Corporate Bonds – Senior Debt
Technology Hardware & Equipment
45
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Kevin P Kennedy
46. Davis Polk
Meritor Inc Registered Public Offering of Senior Notes due 2024
Corporate Bonds – Senior Debt
General Industrials
46
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Joseph A Hall
47. Davis Polk
WW Grainger Offering of Senior Notes due 2045
Corporate Bonds – Senior Debt
Support Services
47
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Richard D Truesdell Jr
48. Simpson Thacher
Diana Shipping Inc Offering of Senior Notes due 2020
Corporate Bonds – Senior Debt
Industrial Transportation
48
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Lesley C Peng
49. Simpson Thacher
Scripps Networks Interactive Notes due 2020, due 2022, due 2025
Corporate Bonds – Senior Debt
Media
49
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Andrew R Keller
50. Davis Polk
FireEye, Inc Issuance of Convertible Senior Notes due 2035
Equity-Linked Securities – Convertible Bonds
Software & Computer Services
50
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Bruce K Dallas
51. Davis Polk
Atlas Air Worldwide Holdings Convertible Senior Notes due 2022
Equity-Linked Securities – Convertible Bonds
Travel & Leisure
51
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John B Meade
52. Shearman & Sterling
Silver Lake Investment in Qunar Senior Unsecured Convertible Notes
Equity-Linked Securities – Convertible Bonds
Travel & Leisure
52
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Paul Strecker
53. Freshfields Bruckhaus Deringer
British Land Zero Coupon Convertible Bonds due 2020
Equity-Linked Securities – Convertible Bonds
Real Estate Investment & Services
53
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Julian Long
55. White & Case
Republic of Indonesia Ten-Year Sukuk Al-Wakala
Islamic Finance, Sovereign Bonds
Public Sector
55
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Shibeer Ahmed
56. Simpson Thacher
GTP Acquisition Partners Series 2015-1 Secured Revenue Notes
Securitisation and Structured Finance – Corporate Securitisation
Fixed Line Telecommunications
56
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Laura Palma
57. Davis Polk
Government of the Democratic Socialist Republic of Sri Lanka Bonds due 2025
Sovereign and Public Sector Bonds – Sovereign Bonds
Public Sector
57
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William F Barron
59. Simpson Thacher
Pets at Home Group Plc Secondary Offering of Ordinary Shares
Block Placings
General Retailers
59
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Adam Signy
60. Simpson Thacher
First Reserve Corporation Offering of Glencore Shares
Block Placings
Mining
60
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Adam Signy
61. Fladgate
Opera Investments plc LSE Admission to Trading
Initial Public Offerings – LSE: Main Exchange
Financial Services
61
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Paul Airley
62. Clifford Chance
HTSC Hong Kong Stock Exchange Initial Public Offering
Initial Public Offerings – Hong Kong Stock Exchange
Financial Services
62
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Amy Lo
63. Simpson Thacher
FPC Par Corretora de Seguros - Sao Paulo SE IPO
Initial Public Offerings – Sao Paulo Stock Exchange
Nonlife Insurance
63
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Grenfel S Calheiros
64. Simpson Thacher
DAVIDsTEA Inc NASDAQ Initial Public Offering
Initial Public Offerings – NASDAQ
Beverages
64
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D Rhett Brandon
65. Davis Polk
EndoChoice Holdings New York Stock Exchange IPO
Initial Public Offerings – NYSE
Healthcare Equipment & Services
65
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Sophia Hudson
66. Davis Polk
Evolent Health New York Stock Exchange IPO
Initial Public Offerings – NYSE
Healthcare Equipment & Services
66
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Sophia Hudson
67. Simpson Thacher
Grupo Gicsa Mexican Stock Exchange Initial Public Offering
Initial Public Offerings – Mexican Stock Exchange
Real Estate Investment & Services
67
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Juan F Mendez
68. Davis Polk
3SBio Inc Hong Kong Stock Exchange Initial Public Offering
Initial Public Offerings – Hong Kong Stock Exchange
Pharmaceuticals & Biotechnology
68
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Bonnie Y Chan
69. Fieldfisher
Cantor Fitzgerald Europe - Gateley Holdings AIM IPO
Initial Public Offerings – LSE: Main Exchange
Support Services
69
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Neil Matthews
70. White & Case
Goldman Sachs - Banco de Sabadell Rights Issue
Rights Issues
Banks
70
www.legaldealfolio.com
Juan-Manuel de Remedios
71. Simpson Thacher
Star Bulk Carriers Corp Common Shares Direct Offering
Secondary Offerings and Placings – NYSE
Industrial Transportation
71
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Lesley C Peng
72. White & Case
Charterhouse and Chequers Capital Sale of Elior Shares
Secondary Offerings and Placings
Food Producers
72
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Severin Robillard
73. Simpson Thacher
Hilton Worldwide Holdings Offering of Common Stock
Secondary Offerings and Placings - NYSE
Travel & Leisure
73
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Joshua Ford Bonnie
74. DLA Piper
WP Carey Inc: At-the-Market Stock Offering Programme
Secondary Offerings and Placings - NYSE
Real Estate Investment Trusts
74
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Christopher P Giordano
75. Simpson Thacher
Blackstone Mortgage Trust Public Offering of Common Stock
Secondary Offerings and Placings - NYSE
Financial Services
75
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Andrew W Keller
76. Shearman & Sterling
Catalent Inc Secondary Public Offering of Shares
Secondary Offerings and Placings - NYSE
Healthcare Equipment & Services
76
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Michael W Benjamin
77. Davis Polk
Nevro Corp Follow-On Offering of Common Stock
Secondary Offerings and Placings - NYSE
Healthcare Equipment & Services
77
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Alan F Denenberg
78. Slaughter and May
Santander UK Group - Issuance of Tier 1 Capital Securities
Secondary Offerings and Placings – LSE: Main Exchange
Banks
78
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Miranda Leung
79. Simpson Thacher
Pets at Home Group Plc Secondary Offering of Ordinary Shares
Secondary Offerings and Placings – LSE: Main Exchange
General Retailers
79
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Adam Signy
80. Davis Polk
Anadarko Petroleum Corporation Offering of Tangible Equity Units
Secondary Offerings and Placings – NYSE
Oil & Gas Producers
80
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Mark M Mendez
81. Davis Polk
Markit Ltd Secondary Offering of Common Shares
Secondary Offerings and Placings – LSE: Main Exchange
Financial Services
81
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Richard D Truesdell Jr
82. White & Case
Mansa Investments Sale of Shares in Polenergia
Secondary Offerings and Placings – NYSE
Electricity
82
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Marcin Studniarek
84. White & Case
Capital Stage AG - UK Solar Parks Refinancing Project Bond
Project Bonds - Solar
Alternative Energy
84
www.legaldealfolio.com
Florian Degenhardt
85. Ashurst
EIB Financing for the Nordergrunde Wind Farm, German North Sea
Project Finance – Renewable Energy – Wind Farms
Alternative Energy
85
www.legaldealfolio.com
Tom Beckerhoff
86. DLA Piper
Nord LB Financing for Municipality of Melfi Wind Farm
Project Finance – Renewable Energy – Wind Farms
Alternative Energy
86
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Wolfram Distler
88. Davis Polk
Apollo Global Management Acquisition of OM Group
Acquisition Finance – Private Company Acquisition
General Industrials
88
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Jason Kyrwood
89. Slaughter and May
Ultra Electronics Acquisition of Kratos Defence Division
Acquisition Finance – Private Company Acquisition
Aerospace & Defence
89
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Matthew Tobin
90. Davis Polk
Finance for Leonard Green/TPG Acquisition of Life Time Fitness
Acquisition Finance – Private Company Acquisition
Travel & Leisure
90
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Meyer C Dworkin
91. Ashurst
Acquisition of Weener Plastic Packaging Group by 3i
Acquisition Finance – Private Company Acquisition
Chemicals
91
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Anne Grewlich
93. Norton Rose Fulbright
Refinancing of Echo Shopping Centre, Kielce Debt
Real Estate Finance – Shopping Centres and Retail
Real Estate Investment & Services
93
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Grzegorz Dyczkowski
94. Freshfields Bruckhaus Deringer
Goldman Sachs Funding for Dynamic Credit Partners Mortgage Business
Real Estate Finance – Residential Portfolio
Financial Services
94
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Mandeep Lotay
95. Davis Polk
Black Knight InfoServ Term and Revolving Credit Facilities
Syndicated and Bilateral Loans – Syndicated Loans
Support Services
95
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Jinsoo H Kim
96. Slaughter and May
McKay Security plc Refinancing Term Loan Facilities
Syndicated and Bilateral Loans – Syndicated Loans
Support Services
96
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Robert Byk
97. Clifford Chance
Glencore - Refinancing of Existing Revolving Credit Facilities
Syndicated and Bilateral Loans – Syndicated Loans
Mining
97
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Russell Wells
98. Ashurst
China Development Bank Corporation Loan to Transnet SOC
Syndicated and Bilateral Loans – Syndicated Loans
Industrial Transportation
98
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Chin Chuan Chen
100. Davis Polk
Technicolor - Repricing of Tech Finance Term Facility
Syndicated and Bilateral Loans – Syndicated Loans
Media
100
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Jeffrey R O’Brien
101. Simpson Thacher
JP Morgan - KLX INC Asset-Based Credit Facility
Syndicated and Bilateral Loans – Syndicated Loans
Support Services
101
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Patrick J Ryan
102. Macfarlanes
Alcuin Capital Refinancing of Krispy Kreme Doughnuts Debt
Syndicated and Bilateral Loans – Syndicated Loans
Travel & Leisure
102
www.legaldealfolio.com
Bronwen Jones
103. Slaughter and May
INEOS Finance/INEOS US Finance - Extension of Credit Agreement Maturity
Syndicated and Bilateral Loans – Syndicated Loans
Chemicals
103
www.legaldealfolio.com
Caroline Phillips
105. Macfarlanes
Stanhope Acquisition of BBC Media Village Site, London
Real Estate Acquisitions and Disposals
Real Estate Investment & Services
105
www.legaldealfolio.com
Ian Nisse
106. • Aerospace & Defence………………….…………….89
• Alternative Energy ………………………….84, 85, 86
• Banks…………………………………...…24, 27, 70, 78
• Beverages……………………………………………..64
• Chemicals……………………………………11, 91, 103
• Construction & Materials…………………...………40
• Electricity……………………………………………..82
• Electronic & Electrical Equipment…………………33
• Financial Services……………18, 21, 61, 62, 75, 81, 94
• Fixed Line Telecommunications………………..36, 56
• Food Producers………………………..…………30, 72
• General Industrials………………..…………43, 46, 88
• General Retailers…………………...……6, 8, 9, 59, 79
• Healthcare Equipment & Services…25, 65, 66, 76, 77
• Household Goods & Home Construction……..….16
• Industrial Metals and Mining………………………34
• Industrial Transportation…………….…37, 48, 71, 98
106
• Media………………………………...………17, 49, 100
• Mining ………………………..………………13, 60, 97
• Nonlife Insurance……………………………26, 39, 63
• Oil & Gas Producers……....................................…...80
• Personal Goods……………………………………7, 15
• Pharmaceuticals and Biotechnology………..….20, 68
• Public Sector…………………………………...…55, 57
• Real Estate Invest./Services…...12, 32, 53, 67, 93, 105
• Real Estate Investment Trusts………………23, 74, 99
• Software & Computer Services……...…19, 28, 35, 50
• Support Services……...……41, 44, 47, 69, 95, 96, 101
• Technology Hardware & Equipment.…14, 38, 42, 45
• Travel & Leisure …5, 10, 22, 51, 52, 54, 73, 90, 92, 102
Index by Industry