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Macfarlanes has advised special situation investor Metric Capital Partners on fundraising for its second pan-European private-capital solutions fund, raising €465m.

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The deal will see the international property investment manager sell its Student Hall Fund, which comprises 2,904 bedrooms across Bath, Bristol, Birmingham, Edinburgh, Leeds and Loughborough.

Pinsent Masons’ corporate funds partner Ian Warner led a corporate funds team including Thilo Schneider and Genna Oakes. Real estate partner, Jonathan Brocklehurst led on property related matters assisted by James Long, Ramiza Ali, Richard Holroyd, Greg Dingwall, Cassandra Auld and Alison Groat.

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Ropes & Gray represented an ad hoc committee of bondholders for Suzlon Energy Ltd., an Indian wind-turbine maker, in the restructuring of approximately $580 million foreign currency convertible bonds (FCCBs). The restructuring was approved by bondholders on July 9, as announced by the company. Suzlon defaulted on the FCCBs, which consisted of four different issuances of bonds, in October 2012. The deal was led by Ropes & Gray special situations partner Daniel Anderson (Hong Kong) and business restructuring partner James Douglas (London). 
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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with a secondary offering by a fund affiliated with The Carlyle Group (“Carlyle”) of 20,125,000 shares of common stock of CommScope Holding Company, Inc. (“CommScope”), a portfolio company of Carlyle. Approximately $445.5 million in net proceeds was raised in the offering. 
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Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Crédit Agricole Corporate and Investment Bank (“Crédit Agricole”) on a US$239,600,000 term loan facility to subsidiaries of funds managed by Oaktree Capital Management, LP to finance the purchase of 10 new vessels. Two of the 5,400 TEU container vessels have already been delivered, while the rest are being built by Hanjin Heavy Industries Corporation Philippines and will be delivered by the first half of 2015.
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Willkie recently advised The Prudential Insurance Company of America in connection with the largest single longevity transaction on record. The transaction, which closed on July 4, 2014, is the largest single longevity risk transfer deal on record, covering £16 billion ($27 billion), approximately 25% of BT Pension Scheme’s liabilities associated with increases in life expectancy of its beneficiaries. The size of the transaction is almost double the total £8.9 billion of longevity hedging transactions in the UK in 2013.

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On 21 July 2014, Salamander Energy plc (“Salamander”) announced the signing of a definitive share sale and purchase agreement with SONA Petroleum Berhard for the US$280 million disposal of an effective 40% working interest in the B8/38 concession containing the Bualuang oil field and the surrounding G4/50 concession, both located in the Gulf of Thailand. The transaction is to be effected via a share sale to SONA of an interest in Salamander Energy Bualuang Limited, a wholly-owned subsidiary of the Salamander group, which holds a 60% interest in the B8/38 concession.

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Latham & Watkins advised Etihad Etisalat Company (Mobily), a leading telecommunications operator in the Kingdom of Saudi Arabia, in connection with a US$200 million murabaha facility made available by Export Development Canada.

The facility will be used by Mobily to purchase eligible goods and services supplied to it by affiliates and subsidiaries of Alcatel Lucent S.A., including Alcatel Lucent, Canada Inc.

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