Dewey & LeBoeuf’s Frankfurt capital markets team has advised Baader Bank on the placement of shares of Grammer AG. In total, about 1.1 million shares in the corporation were placed through an accelerated book building.
Clyde & Co Advises Major Water & Power Player ACWA Holding on Saudi M&A Transaction and JV
International law firm Clyde & Co LLP has acted for Arabian Company For Water & Power Development (ACWA Holding) in relation to the sale to Welspun of 50% of its piping and coatings divisions in Saudi Arabia. The deal, which involved a simultaneous joint venture with Welspun, places a combined value on the businesses of circa [SAR 433 million].
Tags: Clyde & Co LLPWhite & Case Advises on US$3 Billion Financing for Vale
Global law firm White & Case LLP advised the lead lenders representing a syndicate of 27 global commercial banks in a five-year US$3 billion senior revolving export credit facility for Vale SA, the world’s second-largest mining company, and its Swiss and Canadian subsidiaries. The Firm acted for Natixis, as administrative agent, and Crédit Agricole Corporate and Investment Bank, JPMorgan Securities LLC, Mizuho Corporate Bank, Ltd. and Natixis, as lead lenders.
Tags: White & Case LLP Shearman & Sterling Advises on High Yield Bond Offering for Acquisition of Craegmoor Group Limited by The Priory Group
Shearman & Sterling is advising private equity firm Advent International and its portfolio company The Priory Group on the financing for the latter’s acquisition of Craegmoor Group Limited. The financing comprised a high yield bond offering of £206 million of 7% senior secured notes due 2018 (the “additional senior secured notes”). The high yield bond offering was issued under an indenture dated 3 February 2011 pursuant to which Priory initially issued £425 million of the same notes. The net proceeds from the issuance and sale of the additional senior secured notes are being used to re-finance existing debt of Craegmoor as part of Priory’s acquisition of Craegmoor.
Tags: Shearman & Sterling LLP Eversheds Advises on the Acquisition of Shanghai Four Seasons Hotel
The Hong Kong office of international law firm Eversheds has advised Hong Kong-based company Chow Tai Fook Enterprises Limited (“CTF”) on an US$518 million property deal involving the purchase of a 70 percent stake in Shanghai Four Seasons Hotel and a 90 percent stake of two land plots in the Qingpu district in Shanghai from Shanghai Industrial Holdings Limited, a company listed on the Hong Kong Stock Exchange.
Tags: Eversheds Sutherland | Shanghai Mannheimer Swartling – Stena Bulk Enters into Joint Venture with Dannebrog Rederi
Stena Bulk has entered into a joint venture with the Danish shipping company Dannebrog Rederi and acquired 50 percent of the shares in Stena Weco. Stena Weco will operate the Weco Shipping product tanker business previously held by Dannebrog Rederi and will initially have a fleet of approximately 30 product tankers. Stena Bulk will contribute its extensive experience of tanker operations and resources to Stena Weco.
Tags: Mannheimer Swartling Salans Advises Savings Banks on DekaBank-Takeover
Curtis Advises Shareholders of BARC GmbH on the Sale of the Company to le CXP S.A.
Curtis advised the shareholders of BARC GmbH, a leading German consulting and research company in the field of business software applications with business activities in German speaking countries and the United Kingdom, on the sale of all of their shares to its French partner le CXP S.A.
Tags: Curtis, Mallet-Prevost, Colt & Mosle LLP Paul Hastings Advises JP Morgan on SBI Holdings, Inc.’s Listing of Hong Kong Depositary Receipts
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised JPMorgan Chase Bank, N.A. (“JPMorgan”) as the depositary bank in the listing of Hong Kong Depositary Receipts (“HDRs”) for SBI Holdings, Inc. (“SBI”), a Japanese internet-based financial group, on the Main Board of the Hong Kong Stock Exchange. SBI is the only Japanese company to be listed in Hong Kong and the second company after Brazil’s Vale S.A. (“Vale”) to issue HDRs. Paul Hastings advised JPMorgan as the sponsor and depositary in Vale’s listing of HDRs by way of introduction. Unlike Vale, SBI raised funds from its listing.
Tags: Paul Hastings, LLP | Hong Kong Wragge & Co’s IP Team Secures High Court Victory for Lundbeck
Wragge & Co’s Intellectual Property (IP) team has secured a winning High Court judgment for new client, global pharmaceutical company H. Lundbeck A/S in a patent dispute with Infosint.
Tags: Gowling WLG 








