Law firm Ogier in Jersey has acted for the lenders in connection with amendments and an increase to approximately USD6.3 billion to financing provided to the Tullow Oil Group. The lenders (including BNP Paribas) increased their lending facility by USD450 million, including a USD200 reserved based lending facility and USD250 million corporate credit facility.    Amendments were also made to the facilities to address the risk of potential covenant breach due to oil price volatility and to allow investment in the production and development of assets in West Africa.   The Ogier team was led by partner Chris Byrne with

Materne-Mont Blanc, a provider of fruit purees and dessert creams sold at ambient temperature in supermarket food departments, backed by LBO France since 2010, has successfully completed a seven year EUR230 million refinancing. Pom’Potes is the group’s flagship brand for fruit purees sold in pouches, with a leading position among children in the snack segment. The brand developed a first mover advantage in the US, under the name GoGoSqueez. BNP Paribas acted as Mandated Lead Arranger and Bookrunner of the new EUR230 million tranche B senior financing. The structure includes an additional EUR10 million revolving credit facility as well as

Middle East Venture Partners (MEVP) has held the first close of Middle East Venture Fund II (MEVF II) at USD15 million. The fund will invest in the region's tech and mobile businesses. MEVFII is MEVP's fourth fund and succeeds its USD70 million Impact Fund that was launched last year for investments in Lebanon's ICT sector.  The fund will aim to close in second quarter 2015 with US$30 million to invest. Middle East Venture Fund II is already operational and has approved four investments: • YouGotAGift.com: The first of its kind online marketplace specialising in digital gift cards in the Middle

Brabant Development Agency Capital (BOM Capital) has chosen Investran, SunGard’s integrated private equity solution, to help enhance data and investment transparency across front- and back-office stakeholders and processes. BOM Capital invests risk capital in start-up, growing and innovative companies in Brabant through long-term equity capital and fund-to-fund investments. BOM Capital will use SunGard’s Investran accounting, deal flow, relationship management, data exchange, and analytics and reporting capabilities to help increase process and operational efficiencies across its finance, compliance, administration, and investment management teams. “We were seeking a single system to provide data transparency of investments and processes across the portfolio lifecycle

Lateral Investment Management has formed a strategic partnership with The Leo Group, a New Jersey-based wealth management firm serving family offices, institutions and endowments. As part of the partnership, Lateral will advise The Leo Group on a private debt portfolio of USD55 million. Lateral’s principals, Kenneth Masters and Richard de Silva, will act as co-portfolio managers of the portfolio. “Lateral delivers a high-yield private debt product which is differentiated in today’s low-rate environment,” says Matthew Allain, CEO of Leo Group, which has reported assets under management of USD1.3 billion. “Lateral’s principals have a great track record of creating value for

Ogier Jersey has acted as Jersey legal adviser for Intermediate Capital Group on the establishment of its tenth Jersey fund, ICG Europe Fund VI, which has held its first close having raised EUR2.5 billion to date.  This includes a contribution from ICG’s balance sheet of EUR500 million, along with EUR2 billion of third party subscriptions. Further closes are anticipated in the coming months, towards the EUR3 billion hard cap. The predecessor fund, ICG European Fund V, was closed in December 2012 at its hard cap of EUR2.5 billion, also including a subscription of EUR500 million from ICG’s balance sheet. Niamh

Private equity fund of funds Asia Alternatives has held the final close of over USD1.8 billion in new commitments for Asia Alternatives Capital Partners IV (AACP IV) and its related fund vehicles (Fund IV).  "We are extremely grateful that a significant number of our original limited partners continue to support us and we are pleased to have added a number of highly respected and well-recognised new investors in Fund IV," says Melissa Ma, Co-Founder and Managing Director of Asia Alternatives.  The largest of the Funds is Asia Alternatives Capital Partners IV, LP which, along with its sleeve fund focused on