dealfolio digest 1-15 april 2015

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

4


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

Commercial Contracts and Outsourcing Financial Services

5


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

Financial Buyer Acquisitions Electronic & Electrical Equipment

6


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

Financial Buyer Acquisitions Electricity

7


White & Case Summit Partners Acquisition of Majority Stake in DentalPro

Financial Buyer Acquisitions Healthcare Equipment and Services

8


Ashurst Oakley Capital Limited Acquisition of parship GmbH

Financial Buyer Acquisitions Travel & Leisure

9


Ashurst BDT Capital Partners Acquisition of Marquette Transportation Company

Financial Buyer Acquisitions Industrial Transportation

10


Davis Polk Consortium Shanda Games Going-Private Acquisition

Financial Buyer Acquisitions Media

11


Davis Polk Sale of Mirion Technologies to Charterhouse Capital Partners

Financial Buyer Acquisitions Support Services

12


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

Financial Buyer Acquisitions Real Estate Investment and Services

13


Simpson Thacher Blackstone Acquisition of Excel Trust

Financial Buyer Acquisitions Real Estate Investment Trusts

14


Davis Polk GE Sale of GE Capital Real Estate to Blackstone

Financial Buyer Acquisitions Financial Services

15


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

Group Restructurings Food & Drug Retailers

16


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

Mergers Travel & Leisure

17


Simmons & Simmons Venture Life Group plc Sale of Dermatology Trademarks

Strategic Buyer Acquisitions Pharmaceuticals and Biotechnology

18


Simpson Thacher CBRE Purchase of Johnson Controls WorkPlace Solutions Business

Strategic Buyer Acquisitions Support Services

19


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

Strategic Buyer Acquisitions Oil & Gas Producers

20


Cravath Mylan NV Proposed Acquisition of Perrigo Company plc

Strategic Buyer Acquisitions Pharmaceuticals and Biotechnology

21


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

Strategic Buyer Acquisitions Oil & Gas Producers

22


Debt Capital Markets

23


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

Bond Repurchase and Exchange Schemes Automobiles & Parts

24


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

Bond Repurchase and Exchange Schemes Technology Hardware & Equipment

25


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

Bond Repurchase and Exchange Schemes Electricity

26


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

Corporate Bonds/High-Yield Bonds Automobiles & Parts

27


Cravath Rite Aid Corporation High-Yield Senior Debt Offering

Corporate Bonds/High-Yield Bonds Food & Drug Retailers

28


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

Corporate Bonds Technology Hardware & Equipment

29


Simpson Thacher VeriSign, Inc Offering of Senior Notes due 2025

Corporate Bonds Software & Computer Services

30


Simpson Thacher GFL Environmental Inc Offering of Senior Notes due 2020

Corporate Bonds Support Services

31


Davis Polk The AES Corporation Registered Offering of Notes due 2024

Corporate Bonds Electricity

32


Davis Polk MHGE Parent PIK Toggle Notes Offering

Corporate Bonds Media

33


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

Corporate Bonds Travel & Leisure

34


Simpson Thacher ITC Holdings Corp Secured Mortgage Bonds due 2055

Corporate Bonds Electricity

35


Herbert Smith Freehills ITNL Offshore Two Pte RMB Notes due 2018

Corporate Bonds Mobile Telecommunications

36


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

Corporate Bonds Banks

37


Simpson Thacher Barclays Capital - Kosmos Energy Secured Notes due 2021

Corporate Bonds Oil & Gas Producers

38


Davis Polk Compass Bank Issuance of Subordinated Notes due 2025

Corporate Bonds Banks

39


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

Corporate Bonds Automobiles & Parts

40


Cravath AA Bond Co Limited Secured High-Yield Debt Offering

Corporate Bonds/High-Yield Bonds Industrial Transportation

41


White & Case Suez Environnement Issuance of Perpetual Subordinated Bonds

Corporate Bonds Support Services

42


Cravath Fiat Chrysler Automobiles High-Yield Senior Debt Offering

Corporate Bonds Automobiles & Parts

43


Clifford Chance Heidelberger Druckmaschinen AG Unsecured Convertible Bonds due 2022

Equity-Linked Securities Electronic & Electrical Equipment

44


Clifford Chance Saudi Aramco Riyal Denominated Islamic Finance Facility

Islamic Finance Oil & Gas Producers

45


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

Islamic Finance Aerospace & Defence

46


Clifford Chance ECGD Guaranteed Sukuk for Emirates A380-800 Purchases

Islamic Finance Aerospace & Defence

47


Dentons Noor Bank Arranged Islamic Finance Facilities for Ajman Bank

Islamic Finance Banks

48


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

Securitisation and Structured Finance Financial Services

49


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

Sovereign and Public Sector Bonds Banks

50


Equity Capital Markets

51


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

Initial Public Offerings Automobiles & Parts

52


Macfarlanes Management - Shawbrook Group plc LSE IPO

Initial Public Offerings Financial Services

53


Slaughter and May Shawbrook Group plc - LSE Initial Public Offering

Initial Public Offerings Financial Services

54


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

Initial Public Offerings Food Producers

55


Davis Polk GoDaddy Inc New York Stock Exchange Initial Public Offering

Initial Public Offerings Software & Computer Services

56


Cravath Surgical Care Affiliates Secondary Offering of Common Stock

Secondary Offerings and Placings Healthcare Equipment & Services

57


Simpson Thacher Globant SA Registered Secondary Offering of Common Shares

Secondary Offerings and Placings Software & Computer Services

58


Herbert Smith Freehills PICC Property and Casualty Co Secondary Share Sale

Secondary Offerings and Placing Nonlife Insurance

59


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

Secondary Offerings and Placings Equity Investment Instruments

60


Davis Polk Mylan NV Secondary NASDAQ Offering of Ordinary Shares

Secondary Offerings and Placings Pharmaceuticals & Biotechnology

61


White & Case Group Bollore Sale of Havas Share Capital

Secondary Offerings and Placings Media

62


Cravath CyrusOne Inc Registered Common Stock Offering

Secondary Offerings and Placings Real Estate Investment Trusts

63


Davis Polk Coherus BioSciences Offering of NASDAQ Common Stock

Secondary Offerings and Placings Pharmaceuticals & Biotechnology

64


Cravath Axalta Coating Systems Registered Secondary Common Stock Offering

Secondary Offerings and Placings Chemicals

65


Simpson Thacher Brixmor Property Group Offering of Common Stock Shares

Secondary Offerings and Placings Real Estate Investment Trusts

66


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


67


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

Secondary Offerings and Placings Life Insurance

68


Simpson Thacher Lions Gate Entertainment Corp Secondary Offering

Secondary Offerings and Placings Media

69


Davis Polk Renren Inc Dutch Tender Offer for American Depositary Shares


70


Ashurst Morgan Stanley - EVRAZ Return of Capital to Shareholders

Secondary Offerings and Placings Industrial Metals and Mining

71


Infrastructure and Project Finance

72


Clifford Chance Ballast Nedam - Zaanstad Penitentiary Institution PPP Project

PPP/PFI Public Sector

73


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

Project Finance Electricity

74


Milbank Chubu Electric Power - Carroll County Energy Project, Ohio

Project Finance Electricity

75


Norton Rose Fulbright Nord LB Financing for Woolley Hill Wind Farm

Project Finance Alternative Energy

76


Norton Rose Fulbright Nord LB Financing for Jack Lane Wind Farm


77


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

Project Finance Mining

78


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

Project Finance Gas, Water & Multiutilities

79


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

Project Finance Industrial Transportation

80


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

Project Finance Mining

81


Ashurst Financing for Nuova Energia - Gravina Poggiorsini Wind Farm


82


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

Transfer of Project Assets Oil & Gas Producers

83


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

Transfer of Project Assets Alternative Energy

84


International Finance and Bank Credit

85


Cravath Financing for Lone Star Funds Acquisition of Hanson Building

Acquisition Finance Construction & Materials

86


Milbank Financing for Wendel Acquisition of Constantia Flexibles

Acquisition Finance General Industrials

87


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

Acquisition Finance Chemicals

88


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

Acquisition Finance General Retailers

89


Shearman & Sterling Financing for Boston Scientific Acquisition of Endo Business

Acquisition Finance Healthcare Equipment & Services

90


Slaughter and May Orient Overseas Financing for OOCL Utah Container Ship

Asset Finance and Leasing Industrial Transportation

91


Clifford Chance Saudi Aramco USD Revolving Credit Facility Agreement

Syndicated and Bilateral Loans Oil & Gas Producers

92


Simpson Thacher iStar Financial Asset Backed Revolving Credit Facility

Syndicated and Bilateral Loans Financial Services

93


Shearman & Sterling The Dow Chemical Company Revolving Credit Facility Agreement

Syndicated and Bilateral Loans Chemicals

94


Slaughter and May Senior plc Bilateral Term Loan Facility with RBS

Syndicated and Bilateral Loans Aerospace & Defence

95


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


96


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

Syndicated and Bilateral Loans Oil & Gas Producers

97


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


98


Real Estate

99


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

Real Estate Acquisitions and Disposals Real Estate Investment & Services

100


Dentons STADT UND LAND Acquisition of Marzahn-Hellersdorf Portfolio

Real Estate Acquisition and Disposals Real Estate Investment & Services

101


Clifford Chance Tristan Capital Partners Acquisition of German Real Estate Portfolio

Real Estate Acquisition and Disposals Real Estate Investment & Services

102


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

Real Estate Acquisitions and Disposals Real Estate Investment & Services

103


Restructuring and Insolvency

104


Milbank LightSquared Confirmation of Plan of Chapter 11 Reorganization

Restructuring Mobile Telecommunications

105


Simpson Thacher JPMorgan Chase - LightSquared Inc Chapter 11 Reorganization

Restructuring Mobile Telecommunications

106


Davis Polk Venoco, Inc. Debt Recapitalisation

Restructuring Oil & Gas Producers

107


•  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

Index by Industry