DLA Piper has advised Abengoa Greenfield, a subsidiary of Abengoa, on the private placement of its inaugural green bonds that were issued on 30 September 2014. The deal comprised euro- and dollar-denominated five-year tranches of €265m (£208m) and $300m (£187m) respectively. The green bond and related guarantees were offered to eligible traditional high-yield investors as […]
DLA Piper has advised ID&T and SFX Entertainment on the acquisition of Air Festival Holding. Through this transaction, SFX Entertainment has acquired interests in the Dutch festivals Amsterdam Open Air, Buiten Westen, Milkshake, Kingsday, TikTak and Valhalla. By acquiring the ID&T Group in 2013, SFX Entertainment, a US media conglomerate founded by media entrepreneur Robert […]
David Boyd, previously London head of banking at Eversheds, has joined Eversheds Agile, the firm’s contract lawyer business. Eversheds Agile has doubled in revenue terms year on year since inception, with 50 lawyers out on contract with clients each month. Boyd’s arrival is intended to ensure that this rapid growth continues. As part of his […]
Robin Johnson, partner and manufacturing expert at Eversheds, has commented on Vince Cable’s view that Britain’s economic growth is being hampered by stalled exports. Johnson said: ‘The strength of sterling has indeed been an issue for manufacturers for some time. If sterling was devalued, this would have resulted in an even stronger manufacturing recovery. Nevertheless, […]
Ogier Legal in Cayman has advised Goldman Sachs International as arranger and lead manager on the issue of its first ever sukuk. The sukuk is based on a wakala structure with the underlying assets linked to commodities and raised $500m (£310m). Ogier’s role, led by Cayman Islands partner Angus Davison, was to form and organise […]
Wragge Lawrence Graham & Co has appointed a new operations director. Andrew Edginton, finance director for an operating unit at BT Business (BTB), a £3.5bn division of BT, took up his new role at the law firm on 6 October. Reporting directly to Wragge Lawrence Graham & Co’s chief executive, David Fennell, Edginton has overall […]
Wragge Lawrence Graham & Co’s corporate team has advised longstanding client Business Growth Fund (BGF) on its £10m investment into Victoria plc, an international manufacturer, supplier and distributor of contemporary design-led carpets, whose shares are traded on AIM. This investment is a major strategic development for BGF, an active UK growth capital investor in small […]
When Tods Murray moved into shiny new offices in Edinburgh’s Fountainbridge development in 2005 things couldn’t have been going better for the firm. With trophy client Bank of Scotland, also a Fountainbridge tenant, providing a steady stream of work, 2005/06 was a standout year, with turnover soaring to £23.4m. Then the financial crash of 2007 […]
It’s all change at EDF as the company gears up for its latest panel review , replacing its usual two-year roster with one of three years at the beginning of next year. Baker & McKenzie , legacy Squire Sanders and legacy Herbert Smith all went up for it in 2010 and are thought to have […]
The Serious Fraud Office (SFO) has enlisted Three Raymond Buildings’ Simon Farrell QC and Rachel Scott for its court case against French train giant Alstom, which it accused of paying around $8m (£5m) in bribes to officials over a six-year period. The regulator faced Alstom Network UK at Southwark Crown Court this week to level the […]
No5 Chambers is sponsoring the Bristol Law Firm of the Year award at the Bristol Law Society Awards. After a record number of nominations, the judging panel has announced the shortlist of nominees for each award. Nominees for the Bristol Law Firm of the Year award include Foot Anstey, Clarke Wilmott and Veale Wasborough Vizards. […]
Indian property company Unitech has scored another blow against Deutsche Bank, in the latest in its David and Goliath battle against the bank. The company has resisted paying $120m into court as an interim payment in its fight against an allegedly misrepresented $177m loan and swaps contract taken out with Deutsche. The result follows Unitech’s […]