Success for Clyde & Co’s Corporate Team

Clyde & Co’s Corporate team has been closely involved in a multi-million-pound deal to support the expansion of one of India’s leading private sector housing finance companies, Dewan Housing Finance Corporation Ltd (DHFL).

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K&L Gates Advises Clean Power Group on $50 Million Solar Project Strategic Financing

Global law firm K&L Gates LLP recently advised independent power producer Clean Power Group on the securing of more than $50 million from a strategic investor for the development of a California solar power project. Led by Palo Alto partner Dirk Michels, the transaction includes financing and credit support for the development of an up to 500 megawatt solar development project in Kern County, Calif.

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Simpson Thacher Represents Aluminum Corporation of China Limited in the Establishment of a Sino-Foreign Equity Joint Venture with Sapa AB to Serve the High-Speed Railway Market in China

The firm recently represented Aluminum Corporation of China Limited (“Chalco”) in connection with its establishment of a Sino-foreign equity joint venture (the “JV”) with Sapa AB (“Sapa”) and the related transitional arrangements between the JV and Southwest Aluminum (Group) Co., Ltd., a Chalco affiliate.

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Simpson Thacher Represents Underwriters in SEC Registered Offering by General Maritime Corporation

The Firm represented Jefferies & Company, Inc. and Dahlman Rose & Company, LLC in a public offering of 26,450,000 shares of common stock of General Maritime Corporation (“General Maritime”) (including the full exercise of the over-allotment option).  General Maritime received approximately $49.5 million in net proceeds from the offering.

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DLA Piper Advises SEB AG on Financing the “Das Es!” Shopping Centre

The international law firm DLA Piper has advised SEB AG on financing the purchase of the Esslingen shopping centre “Das Es!”. Purchase of the inner-city shopping centre with some 14,500 m² of retail sales space, which also includes a commercial and medical centre with approx. 8,500 m² of office and surgery space as well as 322 underground parking spaces, was carried out through a Jersey trust fund of Rockspring Property Investment Managers LLP.

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Dechert Advises NORMA Group on Its IPO

International law firm Dechert LLP is serving as co-counsel to NORMA Group AG, a German-headquartered global industrial manufacturer and portfolio company of global private equity house 3i Group plc, on its initial public offering on the Frankfurt Stock Exchange. The IPO’s targeted offering size is Euro 386.4 million and represents one of the largest IPOs in Germany since the listing of Brenntag in March 2010. The offering will consist of 7 million new shares from a capital increase and 9 million shares from the holding of the selling shareholders. In addition, around 2.4 million shares are available to cover a possible greenshoe option.

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Chadbourne Leads UBS Structured Financing in Mexico

Chadbourne & Parke LLP represented UBS AG, Stamford Branch, as administrative agent and lender, and UBS Securities LLC, as lead arranger and bookrunner, in connection with a MXP $325,000,000 structured credit facility for Financiera Maestra, S.A. de C.V., a financial purpose entity affiliated with Grupo Empresarial Maestro, S.A. de C.V., a Mexican micro-lending institution.

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