Provident Financial plc’s £331 million rights issue and related £85 million bridge facility

Clifford Chance advised Provident Financial plc, the UK non-standard credit provider, and its Board following its profit warning in August 2017 in relation to a strategic review and resulting £331 million rights issue and related £85 million bridge facility and bank consents which were announced on 27 February 2018. This was achieved against the back […]

St William Homes’s project to redevelop the former Clarendon Gasworks gas works

Ashurst has advised St William Homes, the joint venture between Berkeley Group and National Grid, on its proposals to redevelop the former Clarendon Gasworks gas works, for which Haringey Council recently resolved to grant planning permission. The high density scheme will transform the site into a vibrant, mixed neighbourhood include 1,700 homes, retail and office […]

Standard Chartered’s US$1.25 billion of Senior Notes and US$500 million of Subordinated Notes Notes offering

Slaughter and May advised Standard Chartered PLC on its issue of US$1.25 billion 3.885% Fixed-to-Floating Rate Notes due 2024 and US$500 million 4.866% Fixed Rate Reset Subordinated Notes due 2033 under its US$77.5 billion Debt Issuance Programme. Barclays Capital, Credit Agricole, Goldman Sachs & Co, J.P. Morgan Securities and Standard Chartered Bank acted as joint […]

Uber Technologies Inc.’s US$3.8 billion merger with Yandex.Taxi in Russia and CIS

Herbert Smith Freehills has advised Uber Technologies Inc. (Uber) on the combination of its ridesharing business in Russia and neighbouring Commonwealth of Independent States (CIS) countries with Yandex.Taxi. Uber now owns 36.9% of the combined business and its stake is valued at US$1.4 billion. Herbert Smith Freehills has advised Uber Technologies Inc. on the deal […]

Barings Real Estate Advisers’s €90 Million Acquisition of Karstadt’s main logistics center in Germany

Goodwin advised Barings Real Estate Advisers on the acquisition of Karstadt’s main logistics center for approximately €90 million. The seller is a joint venture consisting of a U.S. investor and the pan-European investment and asset manager M7 Real Estate, which had acquired the property in 2016. The acquisition, which Barings carried out on behalf of […]

Giroxx’s Financing Round

Orrick advised Frankfurt-based fintech startup Giroxx, which specializes in online foreign currency remittances, on a financing round. The main investor is Hessen Kapital, while several business angels have also invested in the company. Giroxx was founded in 2015 by Klaus Hoffmann and Jörg Sonnenschein, both of whom have many years of experience in management positions […]