Petrol, d.d., Ljubljana, has successfully placed 5-year bonds worth a total of EUR 265 million. The bonds were priced at 99.32% of their notional amount, carrying a 3.25% annual coupon and a yield to maturity of 3.4%. Petrol, d.d., Ljubljana, announced its transaction on the open market on Monday, 16 June 2014. The order book was closed within three hours of the transaction announcement with roughly EUR 1 billion in high-quality orders from over 120 institutional investors. The transactions were concluded primarily with fund managers and insurance companies, which accounted for 89% of the orders, with the balance taken up by banks and private banks with 10% and other investors accounting for the remaining 1%.

The Wolf Theiss team was led by Partner Markus Bruckmüller and Associate Uroš Notar. The scope of work included negotiating the documentation from a Slovenian law perspective, drafting the taxation section in the Prospectus, as well as providing a standard legal opinion on the documentation. Wolf Theiss Partner Markus Bruckmüller commented: “The transaction further proves that Wolf Theiss holds a strong position in Capital Markets transactions involving Slovenian issuers.”
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Akin Gump advised the conflicts committee of the board of directors of Rose Rock Midstream, L.P.’s general partner in the partnership’s $300 million acquisition of SemGroup Corporation’s remaining one-third interest in SemCrude Pipeline, L.L.C., which owns a 51 percent interest in White Cliffs Pipeline L.L.C. Rose Rock now owns a 100 percent interest in SemCrude Pipeline and indirectly owns a 51 percent interest in White Cliffs Pipeline.

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Global legal practice Norton Rose Fulbright has advised SNC-Lavalin Group Inc (SNC-Lavalin) in relation to the recommended cash offer made by SNC-Lavalin (GB), a wholly owned subsidiary of SNC-Lavalin, for the entire issued and to be issued ordinary share capital of Kentz Corporation (Kentz). The acquisition values Kentz’s existing issued and to be issued ordinary share capital at approximately C$2.1bn.

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Shearman & Sterling is representing Deutsche Bank as administrative agent and collateral agent in connection with a $5.4 billion superpriority priming debtor-in-possession (DIP) financing facility for Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. (together, the “Borrowers”). The Borrowers, together with Energy Future Holdings Corp. and certain of its other subsidiaries, commenced chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware on April 29, 2014. The DIP financing received final approval by the Bankruptcy Court on June 6, 2014 and closed June 19, 2014. Shearman & Sterling also advised Deutsche Bank as arranger (together with a consortia of six other lead arrangers) under the DIP and in their capacities as dealer managers in connection with a related exchange offer for the Borrowers’ first lien notes and a tender offer for the Borrowers’ second lien notes. The DIP involved a unique and unprecedented structure whereby certain noteholders exchanged their notes for DIP loans in settlement of a make whole dispute.

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Simpson Thacher represented The Carlyle Group (“Carlyle”) in the establishment of its second fund dedicated to management buyouts, growth capital opportunities and strategic minority investments in the financial services industry, Carlyle Global Financial Services Partners II, L.P. (“FIG II”). Carlyle has announced that FIG II raised $1 billion of total commitments.

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FEET will invest in equities issued by companies that have the majority of their operations in, or revenues derived from, emerging economies and will seek to be directly exposed to the rise of the consumer classes in those countries.  Its launch follows an extensive roadshow to institutional and retail investors, complete with an innovative online application process.

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Global law firm White & Case LLP has advised Banca IMI, J. P. Morgan, Mediobanca and UniCredit Corporate & Investment Banking as Joint Global Coordinators on the €428.4 million initial public offering of Cerved Information Solutions S.p.A. on the Milan Stock Exchange.

Cerved, an information technology business founded in 1974, has been capitalized at €995 million.
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Wisconsin Energy Company and Integrys Energy Group, Inc. announced that they have entered into a definitive merger agreement under which Wisconsin Energy will acquire Integrys in a transaction valued at $9.1 billion. Cravath represented Integrys in connection with this transaction, which has been unanimously approved by the boards of directors of both companies and is expected to close in the summer of 2015, subject to receipt of shareholder and regulatory approvals and satisfaction of other customary closing conditions. Upon completion of the transaction, the combined company will be named WEC Energy Group, Inc.

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Allen & Overy has advised the book running lead managers on Yes Bank’s Rs. 29,420.75 million (approximately USD500m) Qualified Institutions Placement (QIP) of shares to fund the bank’s future expansion. Please enter ByLine.

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