dealfolio digest 1-15 april 2015

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DealFolio Digest April 1 – 15 2015

www.legaldealfolio.com

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Organised Insight into Lawyers’ Client Work

•  DealFolio Digest for the first half of April 2015, with information on law firm client work in the following practice areas:

–  Corporate and M&A –  Debt Capital Markets –  Equity Capital Markets –  Infrastructure and Project Finance, –  International Finance and Bank Credit –  Real Estate and –  Restructuring.

•  Highlights include Cravath, Slaughter and May and Allen & Overy advising on Shell's recommended cash and stock offer for BG Group and Norton Rose and Clifford Chance advising on Emirates innovative sukuk based A-380 purchase guaranteed by ECGD.

•  Please refer to the index on slide 108 for deals classified by industry.

•  Full information available at www.legaldealfolio.com.

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•  Infrastructure and Project Finance –  PPP/PFI……………………………………….73 –  Project Finance………………………………..74 –  Transfer of Project Assets……………………83

•  International Finance and Bank Credit –  Acquisition Finance………………………….86 –  Asset Finance and Leasing………………….91 –  Syndicated and Bilateral Loans…………….92

•  Real Estate –  Real Estate Acquisitions and Disposals……99

•  Restructuring and Insolvency –  Restructuring………………………………..104

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•  Corporate and M&A –  Commercial Contracts and Outsourcing……5 –  Financial Buyer Acquisitions…………………6 –  Group Restructurings……………………… 16 –  Mergers………………………………………..17 –  Strategic Buyer Acquisitions……………… 18

•  Debt Capital Markets –  Bond Repurchase and Exchange Schemes…24 –  Corporate Bonds……………………………...27 –  Equity-Linked Securities…………………….44 –  Islamic Finance……………………………….45 –  Securitisation and Structured Finance……..49 –  Sovereign and Public Sector Bonds………...50

•  Equity Capital Markets –  Initial Public Offerings…………………….…52 –  Secondary Offerings and Placings………..…57

Table of Contents

Corporate and M&A

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Freshfields Bruckhaus Deringer Manulife Financial Asia Bancassurance Distribution Arrangement with DBS Bank Ltd

Commercial Contracts and Outsourcing Financial Services

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Davis Polk GO Scale Capital-Led Consortium Acquisition of Stake in Lumileds

Financial Buyer Acquisitions Electronic & Electrical Equipment  

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White & Case Wren House Infrastructure/KIA Investment in Global Power Generation

Financial Buyer Acquisitions Electricity  

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White & Case Summit Partners Acquisition of Majority Stake in DentalPro

Financial Buyer Acquisitions Healthcare Equipment and Services  

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Ashurst Oakley Capital Limited Acquisition of parship GmbH

Financial Buyer Acquisitions Travel & Leisure  

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Ashurst BDT Capital Partners Acquisition of Marquette Transportation Company

Financial Buyer Acquisitions Industrial Transportation  

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Davis Polk Consortium Shanda Games Going-Private Acquisition

Financial Buyer Acquisitions Media  

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Davis Polk Sale of Mirion Technologies to Charterhouse Capital Partners

Financial Buyer Acquisitions Support Services  

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Simpson Thacher Blackstone Group Acquisition of the Assets of GE Capital Real Estate

Financial Buyer Acquisitions Real Estate Investment and Services  

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Simpson Thacher Blackstone Acquisition of Excel Trust

Financial Buyer Acquisitions Real Estate Investment Trusts  

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Davis Polk GE Sale of GE Capital Real Estate to Blackstone

Financial Buyer Acquisitions Financial Services  

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Simpson Thacher Alibaba Strategic Integration of Online Pharmacy Business into Alibaba Health

Group Restructurings Food & Drug Retailers  

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Clifford Chance GTECH SpA Cross-Border Merger with International Game Technology

Mergers Travel & Leisure  

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Simmons & Simmons Venture Life Group plc Sale of Dermatology Trademarks

Strategic Buyer Acquisitions Pharmaceuticals and Biotechnology  

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Simpson Thacher CBRE Purchase of Johnson Controls WorkPlace Solutions Business

Strategic Buyer Acquisitions Support Services  

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Cravath Royal Dutch Shell Proposed Cash and Stock Acquisition of BG Group

Strategic Buyer Acquisitions Oil & Gas Producers  

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Cravath Mylan NV Proposed Acquisition of Perrigo Company plc

Strategic Buyer Acquisitions Pharmaceuticals and Biotechnology  

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Slaughter and May Royal Dutch Shell Recommended Cash and Share Offer for BG Group

Strategic Buyer Acquisitions Oil & Gas Producers  

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Debt Capital Markets

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Shearman and Sterling Jaguar Land Rover Automotive plc Tender Offer and Consent Solicitation

Bond Repurchase and Exchange Schemes Automobiles & Parts  

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Shearman and Sterling Sensata Technologies BV Cash Tender Offer for Senior Notes due 2019

Bond Repurchase and Exchange Schemes Technology Hardware & Equipment  

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Davis Polk The AES Corporation Tender Offer for Notes due 2017, due 2020, due 2021

Bond Repurchase and Exchange Schemes Electricity  

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Shearman & Sterling Jaguar Land Rover Automotive plc High Yield Bonds due 2020

Corporate Bonds/High-Yield Bonds Automobiles & Parts  

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Cravath Rite Aid Corporation High-Yield Senior Debt Offering

Corporate Bonds/High-Yield Bonds Food & Drug Retailers  

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Shearman & Sterling Sensata Technologies BV Offering of Senior Notes due 2025

Corporate Bonds Technology Hardware & Equipment  

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Simpson Thacher VeriSign, Inc Offering of Senior Notes due 2025

Corporate Bonds Software & Computer Services  

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Simpson Thacher GFL Environmental Inc Offering of Senior Notes due 2020

Corporate Bonds Support Services  

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Davis Polk The AES Corporation Registered Offering of Notes due 2024

Corporate Bonds Electricity  

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Davis Polk MHGE Parent PIK Toggle Notes Offering

Corporate Bonds Media  

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White & Case Air France-KLM Issuance of Perpetual Subordinated Bonds

Corporate Bonds Travel & Leisure  

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Simpson Thacher ITC Holdings Corp Secured Mortgage Bonds due 2055

Corporate Bonds Electricity  

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Herbert Smith Freehills ITNL Offshore Two Pte RMB Notes due 2018

Corporate Bonds Mobile Telecommunications  

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Shearman & Sterling Bank of Montreal Registered Offering of Senior Notes due 2018

Corporate Bonds Banks  

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Simpson Thacher Barclays Capital - Kosmos Energy Secured Notes due 2021

Corporate Bonds Oil & Gas Producers  

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Davis Polk Compass Bank Issuance of Subordinated Notes due 2025

Corporate Bonds Banks  

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Davis Polk General Motors Financial Company Notes due 2018, due 2022

Corporate Bonds Automobiles & Parts  

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Cravath AA Bond Co Limited Secured High-Yield Debt Offering

Corporate Bonds/High-Yield Bonds Industrial Transportation  

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White & Case Suez Environnement Issuance of Perpetual Subordinated Bonds

Corporate Bonds Support Services  

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Cravath Fiat Chrysler Automobiles High-Yield Senior Debt Offering

Corporate Bonds Automobiles & Parts  

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Clifford Chance Heidelberger Druckmaschinen AG Unsecured Convertible Bonds due 2022

Equity-Linked Securities Electronic & Electrical Equipment  

44  

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Clifford Chance Saudi Aramco Riyal Denominated Islamic Finance Facility

Islamic Finance Oil & Gas Producers  

45  

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Norton Rose Fulbright Emirates - ECGD Guaranteed Purchase of Four Airbus A380-800

Islamic Finance Aerospace & Defence  

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Clifford Chance ECGD Guaranteed Sukuk for Emirates A380-800 Purchases

Islamic Finance Aerospace & Defence  

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Dentons Noor Bank Arranged Islamic Finance Facilities for Ajman Bank

Islamic Finance Banks  

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Simmons & Simmons Bluestone Group - Celeste Mortgage Funding 2015-1 plc RMBS Issuance

Securitisation and Structured Finance Financial Services  

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Allen & Overy Export-Import Bank of India Regulation S Green Bond Issue

Sovereign and Public Sector Bonds Banks  

50  

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Equity Capital Markets

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Latham & Watkins Fuyao Glass - Hong Kong Stock Exchange Initial Public Offering

Initial Public Offerings Automobiles & Parts  

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Macfarlanes Management - Shawbrook Group plc LSE IPO

Initial Public Offerings Financial Services  

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Slaughter and May Shawbrook Group plc - LSE Initial Public Offering

Initial Public Offerings Financial Services  

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Shearman & Sterling Edita Food Industries London Stock Exchange Initial Public Offering

Initial Public Offerings Food Producers  

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Davis Polk GoDaddy Inc New York Stock Exchange Initial Public Offering

Initial Public Offerings Software & Computer Services  

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Cravath Surgical Care Affiliates Secondary Offering of Common Stock

Secondary Offerings and Placings Healthcare Equipment & Services  

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Simpson Thacher Globant SA Registered Secondary Offering of Common Shares

Secondary Offerings and Placings Software & Computer Services  

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Herbert Smith Freehills PICC Property and Casualty Co Secondary Share Sale

Secondary Offerings and Placing Nonlife Insurance  

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Simpson Thacher Funds Advised by Affiliates of Legg Mason in Offerings of Preferred Stock

Secondary Offerings and Placings Equity Investment Instruments  

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Davis Polk Mylan NV Secondary NASDAQ Offering of Ordinary Shares

Secondary Offerings and Placings Pharmaceuticals & Biotechnology  

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White & Case Group Bollore Sale of Havas Share Capital

Secondary Offerings and Placings Media  

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Cravath CyrusOne Inc Registered Common Stock Offering

Secondary Offerings and Placings Real Estate Investment Trusts  

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Davis Polk Coherus BioSciences Offering of NASDAQ Common Stock

Secondary Offerings and Placings Pharmaceuticals & Biotechnology  

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Cravath Axalta Coating Systems Registered Secondary Common Stock Offering

Secondary Offerings and Placings Chemicals  

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Simpson Thacher Brixmor Property Group Offering of Common Stock Shares

Secondary Offerings and Placings Real Estate Investment Trusts  

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DLA Piper Globant SA Registered Follow-On Offering of Common Shares

Secondary Offerings and Placings Software & Computer Services  

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Slaughter and May Placing and Sale of Shares in New China Life Company Limited

Secondary Offerings and Placings Life Insurance  

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Simpson Thacher Lions Gate Entertainment Corp Secondary Offering

Secondary Offerings and Placings Media  

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Davis Polk Renren Inc Dutch Tender Offer for American Depositary Shares

Secondary Offerings and Placings Software & Computer Services  

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Ashurst Morgan Stanley - EVRAZ Return of Capital to Shareholders

Secondary Offerings and Placings Industrial Metals and Mining  

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Infrastructure and Project Finance

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Clifford Chance Ballast Nedam - Zaanstad Penitentiary Institution PPP Project

PPP/PFI Public Sector  

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Clifford Chance Financing for the 187MW Shuakhevi Hydropower Scheme, Georgia

Project Finance Electricity  

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Milbank Chubu Electric Power - Carroll County Energy Project, Ohio

Project Finance Electricity  

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Norton Rose Fulbright Nord LB Financing for Woolley Hill Wind Farm

Project Finance Alternative Energy  

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Norton Rose Fulbright Nord LB Financing for Jack Lane Wind Farm

Project Finance Alternative Energy  

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Norton Rose Fulbright Financing for the Gahcho Kue Diamond Mine, Northwest Territories, Canada

Project Finance Mining  

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Dentons Sharqiyah Desalination - Financing for the Sur Desalination Project, Oman

Project Finance Gas, Water & Multiutilities  

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Clifford Chance Guarantee Extensions for Haramain High Speed Rail Project, Saudi Arabia

Project Finance Industrial Transportation  

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Shearman & Sterling Romarco Minerals - Financing for the Haile Gold Mine Project, South Carolina

Project Finance Mining  

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Ashurst Financing for Nuova Energia - Gravina Poggiorsini Wind Farm

Project Finance Alternative Energy  

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Herbert Smith Freehills Carlyle International Energy Partners Purchase of Sterling Resources Romanian Assets

Transfer of Project Assets Oil & Gas Producers  

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Davis Polk Pattern Energy Purchase of Interest in the K2 Wind Power Project, Ontario

Transfer of Project Assets Alternative Energy  

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International Finance and Bank Credit

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Cravath Financing for Lone Star Funds Acquisition of Hanson Building

Acquisition Finance Construction & Materials  

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Milbank Financing for Wendel Acquisition of Constantia Flexibles

Acquisition Finance General Industrials  

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Simpson Thacher Financing for Olin Acquisition of Dow Chlor-Alkali Business

Acquisition Finance Chemicals  

88  

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Shearman & Sterling Financing for Acquisition of JM Bruneau by Weinberg Capital Partners

Acquisition Finance General Retailers  

89  

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Shearman & Sterling Financing for Boston Scientific Acquisition of Endo Business

Acquisition Finance Healthcare Equipment & Services  

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Slaughter and May Orient Overseas Financing for OOCL Utah Container Ship

Asset Finance and Leasing Industrial Transportation  

91  

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Clifford Chance Saudi Aramco USD Revolving Credit Facility Agreement

Syndicated and Bilateral Loans Oil & Gas Producers  

92  

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Simpson Thacher iStar Financial Asset Backed Revolving Credit Facility

Syndicated and Bilateral Loans Financial Services  

93  

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Shearman & Sterling The Dow Chemical Company Revolving Credit Facility Agreement

Syndicated and Bilateral Loans Chemicals  

94  

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Slaughter and May Senior plc Bilateral Term Loan Facility with RBS

Syndicated and Bilateral Loans Aerospace & Defence  

95  

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Slaughter and May Senior plc Syndicated Revolving Credit and Term Loan Facilities

Syndicated and Bilateral Loans Aerospace & Defence  

96  

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Allen & Overy BAML Arranged Financing for Shell Recommended Offer for BG Group

Syndicated and Bilateral Loans Oil & Gas Producers  

97  

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Slaughter and May Rolls-Royce Amendment and Extension of Standby RCF

Syndicated and Bilateral Loans Aerospace & Defence  

98  

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Real Estate

99  

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Slaughter and May The Link REIT Acquisition of EC Mall, Beijing

Real Estate Acquisitions and Disposals Real Estate Investment & Services  

100  

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Dentons STADT UND LAND Acquisition of Marzahn-Hellersdorf Portfolio

Real Estate Acquisition and Disposals Real Estate Investment & Services  

101  

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Clifford Chance Tristan Capital Partners Acquisition of German Real Estate Portfolio

Real Estate Acquisition and Disposals Real Estate Investment & Services  

102  

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DLA Piper Dazzle Oberhausen GmbH Sale of Babcock Site to Henley 360

Real Estate Acquisitions and Disposals Real Estate Investment & Services

103  

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Restructuring and Insolvency

104  

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Milbank LightSquared Confirmation of Plan of Chapter 11 Reorganization

Restructuring Mobile Telecommunications

105  

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Simpson Thacher JPMorgan Chase - LightSquared Inc Chapter 11 Reorganization

Restructuring Mobile Telecommunications

106  

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Davis Polk Venoco, Inc. Debt Recapitalisation

Restructuring Oil & Gas Producers

107  

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•  Aerospace & Defence………………. 46, 47, 95, 96, 98 •  Alternative Energy ……………………...76, 77, 82, 84 •  Automobiles & Parts …………… ….24, 27, 40, 43, 52 •  Banks…………………………………… ..37, 39, 48, 50 •  Chemicals…………………………………… 65, 88, 94 •  Construction & Materials………………………….. 86 •  Electricity…………………………..7, 26, 30, 33, 74, 75 •  Electronic & Electrical Equipment… …………...6, 45 •  Equity Investment Instruments…………………….60 •  Financial Services…………………5, 15, 49, 53, 54, 93 •  Food & Drug Retailers…………………………..16, 28 •  Food Producers……………………………………...55 •  Gas, Water & Multiutilities………………………... 79 •  General Industrials………………………………….87 •  General Retailers…………………………………….89 •  Healthcare Equipment & Services…………..8, 57, 90 •  Industrial Metals and Mining………………………71 •  Industrial Transportation……………….10, 41, 80, 91 •  Life Insurance………………………………………..68

108  

•  Media……………………………………..11, 31, 62, 69 •  Mining ……………………………………………78, 81 •  Mobile Telecommunications……………..36, 105, 106 •  Nonlife Insurance……………………………………59 •  Oil & Gas Producers.…...20, 22, 38, 44, 83, 92, 97, 107  •  Pharmaceuticals and Biotechnology.…..18, 21, 61, 64 •  Public Sector…………………………………………73 •  Real Estate Invest./Services…...13, 100, 101, 102, 103 •  Real Estate Investment Trusts……………....14, 63, 66 •  Software & Computer Services…….32, 56, 58, 67, 70 •  Support Services…………………………12, 19, 35, 42 •  Technology Hardware & Equipment…….…….25, 27 •  Travel & Leisure ………………………….…...9, 17, 34

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