Clyde & Co to establish fully integrated office in Saudi Arabia

Monday, September 22, 2014

Clyde & Co has obtained the formal approval from the authorities in the Kingdom of Saudi Arabia (KSA) that will enable it to open a fully integrated Clyde & Co office in Riyadh.

Clyde & Co has been providing advice and assistance to its clients in relation to their operations in Saudi Arabia via its associated law firm in Riyadh, Abdulaziz Al-Bosaily Law Office, since 2009. The move to a fully integrated Clyde & Co office is a major step forward for Clyde & Co in KSA providing a solid platform for further expansion of its KSA business. The firm will be only one of two global law firms operating in KSA to move away from the traditional associated office structure. More >>

Tags:  Clyde & Co LLP | Riyadh

Simpson Thacher Represents Pinnacle Foods and the Selling Stockholders in $478.5 Million Secondary Offering

Monday, September 22, 2014

The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and the selling stockholders, consisting primarily of certain funds affiliated with The Blackstone Group, L.P., in connection with a secondary offering of 15,000,000 shares of common stock of Pinnacle Foods by the selling stockholders for aggregate gross proceeds of approximately $478.5 million. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Firm Represents Brown Jordan in Acquisition Financing of Tropitone

Monday, September 22, 2014

Jenner & Block represented Brown Jordan International in financing matters related to Brown Jordan’s acquisition of Tropitone Furniture Co., Inc. Brown Jordan owns and operates companies that serve the indoor and outdoor furniture industries. The company offers a wide range of furniture products and accessories under various brands. The acquisition combines leading providers of outdoor casual furniture with the retail and hospitality markets into a company generating consolidated net sales of nearly $400 million. The combined company will be headquartered in Florida. News of the acquisition was reported in the Miami Herald and Furniture World, among other outlets. More >>

Tags:  Miami

DLA Piper advises Blackstone on €275 million property aquisition

Monday, September 22, 2014

DLA Piper has advised Blackstone on the acquisition of a pan-European portfolio of 18 logistics assets from SEB Investment GmbH (‘SEB’), valued in excess of €275 million. The transaction is the most geographically diverse logistics portfolio to ever be sold in Europe.

The 18 property portfolio is spread across eight European countries: Austria; France; Germany; Hungary; the Netherlands; Norway; Spain and the United Kingdom. More >>

Tags:  DLA Piper | Amsterdam | Vienna

Dentons advises the Government of Sharjah on its inaugural Sukuk

Monday, September 22, 2014

Dentons has advised the Government of Sharjah, acting through Sharjah Finance Department, on the issuance of US$750 million Trust Certificates due 2024 which completed on 17 September 2014. The Certificates were listed on the Irish Stock Exchange and on the Nasdaq Dubai and represented the Government’s first ever Sukuk issuance. More >>

Tags:  Dentons | Dubai

Allen & Overy advises on Hong Kong’s inaugural sukuk issuance

Monday, September 22, 2014

Allen & Overy has advised HSBC and Standard Chartered Bank as joint global coordinators and bookrunners along with several other bookrunners and co-managers on the USD1 billion sukuk offering by The Government of the Hong Kong Special Administrative Region of the People’s Republic of China, the first Islamic bond issuance by the HKSAR Government. The AAA-rated 5-year trust certificates were offered in a combined Rule 144A/Regulation S transaction to institutional investors internationally. More >>

Tags:  Allen & Overy LLP | Hong Kong

White & Case Advises on Innovative US$1.5 Billion Sukuk Issuance by the Republic of Indonesia

Friday, September 19, 2014

Global law firm White & Case LLP has advised the Joint Lead Managers on the issuance by the Republic of Indonesia of US$1.5 billion, 4.35 percent Sukuk due 2024.

“This transaction represents an important innovation in the way that sovereigns can issue Sukuk to fund public infrastructure development projects,” said UAE-based partner Shibeer Ahmed who, together with fellow Singapore-based partner, Kaya Proudian, led the White & Case team which advised on the issuance. “The reaction from the market demonstrates the strong investor interest in the Republic’s capital markets issuances.” More >>

Tags:  White & Case LLP | Dubai | Singapore

Linklaters advises on BSkyB’s £3.25bn Euro and Dollar denominated bonds to fund Sky Italia and Sky Deutschland acquisition

Friday, September 19, 2014

Linklaters has advised the managers on four tranches of bonds issued by BSkyB. Proceeds from the bonds will help finance its acquisition of Sky Italia and a majority stake in Sky Deutschland from 21st Century Fox.

The €1.5 billion bond with a 1.5% coupon due 2021 and the €1 billion bond with a coupon of 2.5% due 2026 were issued pursuant to the £10,000,000,000 Euro Medium Term Note Programme of British Sky Broadcasting Group plc and BSkyB Finance UK plc, unconditionally and irrevocably guaranteed by British Sky Broadcasting Group plc, BSkyB Finance UK plc, British Sky Broadcasting Limited, Sky Subscribers Services Limited and Sky In-Home Service Limited. In addition Linklaters advised the managers on a US$750 million bond with a coupon of 2.625% due 2019 and a US$1.25 billion bond with a coupon of 3.75% due 2024 sold into the United States. More >>

Tags:  Linklaters LLP | London