One of Enstar Group’s wholly-owned subsidiaries has signed an agreement to reinsure RSA Insurance Group UK’s employers’ liability legacy business. Enstar’s subsidiary will assume gross insurance reserves of approximately GBP957 million (approximately USD1.2 billion), relating to 2005 and prior year business, which primarily consists of UK employers’ liability reserves.   Net

Céréa Capital II has completed its fourth investment, participating in the reorganisation of the capital and financial structure of GPS Group, in partnership with Bpifrance and the company's management. Based in Bordeaux, GPS Group is specialised in industrial packaging logistics, used for the transport of viscous or liquid materials such

Law firm Noerr has advised Scout24 on the closing a new syndicated loan facility. Noerr’s Frankfurt partners Andreas Naujoks and Dr Torsten Wehrhahn provided the team lead in this deal.   The Munich internet group Scout24, which had its IPO a year ago, is replacing its previous syndicated loan facility

Noerr has advised Novelis, a specialist in rolled aluminium products owned by India’s Hindalco Industries, on the refinancing of its USD1.8 billion term loan B line still existing after its acquisition by Hindalco. The refinancing and restructuring transaction was handled by an international banking consortium under the lead of the

Between July and December 2016, Platina Energy Partners successfully restructured with Unicredit (London Branch) circa EUR100 million of non-recourse long-term financing, originally used to finance a 20 MW photovoltaic portfolio, consisting of three operational projects located in mainland Spain. The financial restructuring of the portfolio will allow the optimisation of the financing

Independent Growth Finance (IGF), a commercial finance provider for SMEs, has provided a GBP3 million confidential invoice discounting facility to oil and gas exploration consultancy firm, EPI Group. This facility enables EPI to implement its diversification strategy into new services alongside its continuing geographical expansion.   EPI has 30 years’

An affiliate of New Water Capital Partners, a Boca Raton-based private equity investment firm focused on lower-middle market companies, has recapitalised KL Outdoor, a US-based manufacturer, designer, and marketer of branded outdoor lifestyle/recreational and outdoor events products. The company’s product lines include kayaks, stand-up paddle boards, canoes, paddle boats, hunting

Permira Debt Managers (PDM) is acting as sole lender in the refinancing of Away Resorts’ existing debt. PDM’s support will also enable Away Resorts to acquire its sixth park, Sandy Balls, based in the New Forest.   In addition to the refinancing, PDM funds have also provided a capex facility

PyroGenesis Canada, a clean-tech company that designs, develops, manufactures and commercialises plasma waste-to-energy systems and plasma torch products, has signed two additional military contracts totalling approximately USD1.2 million (CAD1.6 million). As of 30 June 2016, total military contracts signed now exceed USD3.7 million (CAD5 million).   The military contracts are