Global law firm Freshfields Bruckhaus Deringer (Freshfields) has advised Panther Media Group (known as OSN) on its acquisition of a majority stake in Anghami, Inc. (Anghami). The transaction, which closed in April 2024, saw OSN Group acquire 55.45 per cent of Anghami, giving it a majority stake at a valuation of $3.69 per share, 1.9x the closing price of the stock on Thursday 28 March. The combined OSN+ and Anghami offering is expected to shake up the MENA media and entertainment landscape, given that OSN+ is a leading streaming platform for premium film and television content and the region’s ..read more

Freshfields is representing Zuora, Inc. (NYSE: ZUO) in connection with its entrance into a cooperation agreement with Scalar Gauge Fund, LP and certain of its affiliates, as well as other governance and related matters. On May 1, 2024, Zuora announced it had entered into a cooperation agreement with Scalar Gauge pursuant to which Scalar Gauge agreed to standstill, voting, non-disparagement and other provisions, as well as the appointment of one independent director to the board. The Freshfields team was led by partners Ethan Klingsberg and Elizabeth Bieber, with associates  ..read more

DLA Piper has advised Aviva Life & Pensions UK Limited (Aviva) on the financing by its annuity business of a regulated Dutch social housing company. The financing was structured as German law registered bonds with a total amount of EUR65 million and is characterised by compliance of the issuer with the strict Dutch regulation of social housing companies. Tax and regulatory experience as well as the in-depth knowledge of the Dutch social housing laws was crucial to the success of the financing. Aviva is a leading international financial services provider specialising in insurance, asset man ..read more

Dentons has advised the UK Infrastructure Bank (‘UKIB’) on its £25 million direct equity investment in Invinity Energy Systems plc (‘Invinity’). UKIB is a British policy bank, wholly owned and backed by HM Treasury. UKIB was set up to partner with the private sector and local government to increase investment in infrastructure projects that help deliver the UK Government’s ambitions for tackling climate change and promoting regional and local economic growth across the country. Invinity, whose business is focused on developing and selling energy storage products to accelerate the global energy ..read more

Led by partner Dr Carla Luh and counsel Stipe Bojanic, global law firm Hogan Lovells advised Deutsche Bank AG on a Revolving Acquisition Facility of EUR 125 million for photovoltaic projects of QUARTERBACK Energy Project GmbH. Leipzig-based Quarterback Energy Project GmbH, a cornerstone of the energy division of QUARTERBACK Immobilien AG, has agreed a credit line with Deutsche Bank AG for the realization of portfolio of ready-to-build ground-mounted photovoltaic systems in Germany. QUARTERBACK Immobilien AG recognizes the urgency of the energy transition – by founding QUARTERBACK Energy Proje ..read more

Cityforward is a Belgian fund managed by Whitewood and held by SFPIM, Whitewood and Ethias created for the purpose of redeveloping office buildings with the view to transform them into mixed-use buildings. This transaction is a landmark deal in the Belgian market and a key step in the transformation of the City of Brussels. It is also fully endorsed by the Belgian government. Clifford Chance advised on the setup and structuring of the Cityforward Fund, the fundraising for the transaction and the structuring of the acquisition. The cross practice Clifford Chance team advising on the deal was le ..read more

New York: Global law firm Clifford Chance has advised Corporación Financiera de Desarrollo S.A. (COFIDE), the Peruvian state-owned development bank, on (i) an issuance of US$300 million 5.950% Notes due 2029 and (ii) a cash tender offer for its 5.250% Fixed-to-Floating Rate Subordinated Notes due 2029. COFIDE will use the proceeds from the issuance to finance or refinance new or existing eligible social projects pursuant to COFIDE’s Thematic Bond Framework, which includes nine green categories and three social categories to encourage sustainable development in Peru. COFIDE is a key participant ..read more

Global law firm Clifford Chance advised Ford Otosan on the company’s 144A/RegS Eurobond offering, raising up to USD 500 million. The company’s debut Eurobond offering, due in 2029, garnered strong market interest. The issuance marks a significant milestone for Ford Otosan, affirming its position as a key player in the Turkish corporate landscape. The bookrunners included BNP Paribas, Citi, HSBC, and Société Générale. Ford Otosan, a prominent vehicle manufacturer jointly owned by Ford Motor Corporation and the Turkish conglomerate Koç Holding, ranks among the top three exporting companies in T ..read more

The Paris, London and Casablanca offices of leading international law firm Clifford Chance have advised the joint lead managers on OCP’s U.S.$1.25 billion Rule 144A/Reg S 6.750% Notes due 2034 and U.S.$750 million Rule 144A/Reg S 7.500% Notes due 2054. OCP is a leading vertically integrated fertiliser company involved in the extraction, production and commercialisation of phosphate rock, phosphoric acid, phosphate-based fertilisers and animal nutrition and speciality products. The Group is the largest producer globally by volume of phosphate rock and phosphoric acid, and the largest producer g ..read more

Kirkland & Ellis counseled Savage, a global provider of supply chain infrastructure and solutions, on its decision to acquire Texon, a Houston, Texas-based midstream service provider of butane blending and energy marketing. The addition of Texon and its team, which will continue to operate under its legacy brand, significantly bolsters Savage’s existing energy business. The post Kirkland Advises Savage on Acquiring Texon appeared first on Legal Desire Media and Insights ..read more