An Orrick team from Paris and Düsseldorf recently advised Ubisoft Entertainment in its successful placement of a €200 million “Schuldschein” loan, in a private placement governed by German law. Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services with a portfolio of world-renowned brands, including the popular Assassin’s Creed series of games More >>
Tags: Orrick, Herrington & Sutcliffe LLP | Düsseldorf | Paris
Herbert Smith Freehills has advised Japanese telecommunications and internet company SoftBank Corp. on its acquisition of a further share of interest in Aldebaran Robotics, a French robotics company which designs, manufactures and sells autonomous humanoid robots More >>
Tags: Herbert Smith Freehills Kramer LLP | Paris | Tokyo
Deal marks the largest-ever fully consensual lender-led restructuring in France
Willkie represented members of the ad hoc lender committee and anchor investors as part of the financial restructuring of the French fashion retailer Vivarte, marking the largest-ever fully consensual French restructuring. The restructuring involved a debt for equity swap/write off of €2 billion and a €500 million infusion of new money. More >>
Tags: Willkie Farr & Gallagher LLP | Paris
Leading international law firm Clifford Chance advised AEW Europe on a €820mn capital raising for LOGISTIS. This represents the largest equity raising to date for AEW Europe and brings the total equity of LOGISTIS to more than €1.3bn. The new equity has been raised from a number of leading institutional investors from Europe and Asia, including APG and PGGM among others. The capital raised exceeded the original equity target, with the five largest new investors committing in excess of €600mn in aggregate. Existing investors also increased their investment, committing a further €130mn in aggregate. More >>
Tags: Clifford Chance LLP | Luxembourg | ParisLeading international law firm Clifford Chance has advised Mitsubishi Corporation on its voluntary cash offer for the entire issued share capital of Cermaq ASA, a multinational fish farming group listed on the Oslo Stock Exchange. The acquisition, which is valued at approximately NOK8,880million (£838million) completed earlier in November. More >>
Tags: Clifford Chance LLP | London | Paris | Tokyo | Warsaw | Washington
The Supervisory Board of Vivendi decided to enter into exclusive negotiations with Telefonica, after having received two binding offers: one from Telefonica and another from Telecom Italia.
The Telefonica offer represents a total enterprise value of EUR7.450 billion. It includes a part in cash (EUR4.663 billion) as well as a part in Telefonica Brasil shares (12%) of which about one third can be exchanged at Vivendi’s discretion for 5.7% of the share capital and 8.3% of the voting rights in Telecom Italia. More >>
Tags: Allen & Overy LLP | Paris
Global law firm White & Case LLP has advised the syndicate of banks led by Deutsche Bank and Morgan Stanley and including Barclays, BNP Paribas, Credit Agricole Corporate and Investment Bank, Credit Suisse Securities Limited, Goldman Sachs and J.P. Morgan Securities, acting as Joint Lead Managers and Joint Bookrunners, on Numericable Group’s €4.7 billion capital increase. More >>
Tags: White & Case LLP | ParisIt was recently announced that Willkie client Arkema, a global chemical company and France’s leading chemicals producer, has proposed to acquire Bostik from French oil company Total SA for a total enterprise value of €1.74 billion, representing 11 times the company’s EBITDA. With about 4,900 employees and over 48 locations worldwide, Bostik is one of the world’s leading adhesive makers. More >>
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