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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
Preston Hollow Capital has closed on a USD175 million equity investment commitment from Trident VI, and its affiliated investment funds managed by Stone Point Capital.
Preston Hollow Capital will use the proceeds from the investment to expand the company’s municipal finance specialty origination platform and to pursue complementary strategic investments and acquisitions.
“This investment by Stone Point gives us significant capacity to fuel our growth,” says Jim Thompson, Chairman and CEO of Preston Hollow Capital. “Stone Point’s expertise and track record in the financial services industry make it an ideal partner for Preston Hollow Capital’s expansion.”
Chuck Davis, CEO of
James Briggs, an independent UK-based aerosol and speciality chemicals manufacturer, has acquired the business and assets of Premiere Products, a manufacturer of branded and private label janitorial cleaning products.
James Briggs can trace its roots back to 1830 and Premiere has a similarly strong heritage in the UK having been supplying products into both the commercial and consumer cleaning sectors since 1924. Premiere is one of the most respected and trusted names in the industry distributing its products widely in the UK and Ireland, but also enjoys strong export sales across Europe and the Middle East, as well as into
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
Newly-launched Emerging Crowd is the first platform to allow ordinary investors to invest directly in equity and debt fundraising campaigns by unlisted growth-stage companies in select frontier and emerging markets.
The platform is the brainchild of Co-Founders Lucien Moolenaar and Will Tindall and aims to link ambitious, well-run companies seeking finance with international investors pursuing the potential of higher returns from some of the world’s fastest growing markets.
Many small and medium-sized businesses around the world find themselves in a ‘funding gap’, where banks and private equity firms have failed to provide much needed financing for growth. Emerging Crowd offers
Turner & Townsend, the global programme management and construction consultancy, has acquired Australian project management specialist Thinc, creating a combined company with more than 400 expert staff based in ten locations across Australia.
The acquisition is a key part of Turner & Townsend’s ambitious expansion strategy for Australia, and follows a period of continuous organic growth across the business.
Turner & Townsend is an independent professional services company with 87 offices in 36 countries. Its Australian clients include National Australia Bank, Brisbane Airport, and Transport for NSW, Canberra University and Woolworths.
Thinc has a strong track record of providing strategic
Private equity firm TA Associates has appointed Daisy Cai as a director in the firm’s Hong Kong office, where she will focus on investments in growth companies in China.
Cai joined TA Associates from Goldman Sachs Investment Partners in Hong Kong where she has been leading deal sourcing, due diligence, transaction execution and portfolio management for growth capital investments in the TMT, consumer and education sectors in Greater China. She was previously with Deutsche Bank Principal Investments in Hong Kong where she participated in deal sourcing and execution for growth equity investments and private investments in public equity in Greater
Rural Physicians Group has formed a strategic investment partnership led by Sorenson Capital with additional support from Leavitt Equity Partners.
This partnership will leverage Sorenson Capital’s extensive experience in accelerating growth of high performance companies and Leavitt Equity Partners’ expertise in healthcare, better positioning Rural Physicians Group to dramatically expand its reach and ability to support rural healthcare throughout the United States.
“Rural Physicians Group has a very innovative and thoughtful approach to improving rural healthcare, and we look forward to putting our extensive experience to work in helping the company find new ways to unlock its full potential.”
Rural
Law firm Paul Hastings has added Douglas Freeman and Victor Chen as partners in the corporate practice in the firm’s Hong Kong office.
Freeman and Chen both join from Fried Frank, where they were private equity and M&A partners, and Freeman was head of the Asia practice.
“Doug and Victor’s addition highlights the firm’s strategy to continue to strengthen and broaden the reach of our Asia Corporate practice and our focus on key growth markets across our global network,” says Elizabeth Noe, chair of the Corporate practice at Paul Hastings. “Along with their former colleague David Shine, who recently
OpenFin, a provider of HTML5 runtime technology for the financial industry, has raised USD3.0 million in additional financing.
The round was co-led by Bain Capital Ventures, Pivot Investment Partners and Nyca Partners, with participation from 20 senior financial industry executives including Cris Conde, former CEO of SunGard and Tom Glocer, former CEO of Thomson Reuters. The funds will be used for product development and engineering team expansion in both New York and London.
"Eleven of the world's largest banks and trading platforms are already using OpenFin to run high-performance, multi-window HTML5 applications on sell-side and buy-side desktops," says Mazy Dar,
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