Ashurst | Jotup

PAG to Acquire Australian Venue Co from KKR

Retrieved on:

Venerdì, Agosto 25, 2023

Global investment firm KKR and PAG, a leading alternative investment firm focused on Asia Pacific, today announced the signing of definitive agreements under which PAG will acquire KKR’s controlling interest in Australian Venue Co (“AVC”).

Key Points:

Global investment firm KKR and PAG, a leading alternative investment firm focused on Asia Pacific, today announced the signing of definitive agreements under which PAG will acquire KKR’s controlling interest in Australian Venue Co (“AVC”).
KKR invested in AVC in 2017 with a portfolio of 50 leasehold venues with the objective of partnering and supporting the growth ambitions of its management team.
This successful collaboration has resulted in venue growth of more than 300%.
Jefferies and Allens advised KKR and AVC, and BofA Securities and Ashurst advised PAG, with acquisition financing arranged by KKR Capital Markets.

Renewi plc: Renewi signs €400m Revolving Credit Facility

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Venerdì, Agosto 4, 2023

Renewi plc (LSE: RWI), the leading international waste-to-product company, is pleased to announce the renewal of its Revolving Credit Facility (“RCF”).

Key Points:

Renewi plc (LSE: RWI), the leading international waste-to-product company, is pleased to announce the renewal of its Revolving Credit Facility (“RCF”).
The facility size remains unchanged at €400m and is for an initial five-year term to 2028 with two one-year extension options.
In addition to the RCF facility, the Group has €305m of fixed rate bonds, EUPPs, and the EIB facility.
Adam Richford, Head of Treasury and Investor Relations at Renewi commented: “We are delighted to announce our green sustainability-linked Revolving Credit Facility, as well as the commitment displayed by our existing and new lenders to support Renewi over the next five to seven years.

From Pitch to Partnerships: Fintech Week London's Speed Networking Event Kicks off at Tottenham Hotspur Stadium

Retrieved on:

Giovedì, Giugno 15, 2023

Fintech Week London , the forward-thinking event for the fintech industry, is excited to announce the participation of leading financial and insurance institutions at a highly anticipated speed networking event.

Key Points:

Fintech Week London , the forward-thinking event for the fintech industry, is excited to announce the participation of leading financial and insurance institutions at a highly anticipated speed networking event.
Its fast-paced speed networking event, organised in partnership with fintech collaboration experts TechPassport, will take place on Monday 19 June from 14:30 to 15:30.
Raf De Kimpe, CEO of Fintech Week London, said; “We are over the moon to welcome these impressive industry experts to our unique speed networking event for fintechs.
Their participation highlights the significance of Fintech Week London in driving collaboration and innovation within the fintech ecosystem.

RUBIS: Rubis Photosol, Rubis Group subsidiary, announces the signing of its first syndicated corporate loan for an amount of €115 million

Retrieved on:

Martedì, Aprile 25, 2023

BPCE, Ruby Group, Banque Palatine, King & Spalding, CSR, Ashurst, CIC, BNP Paribas, Groupe Banque Populaire, RCF, Regulatory News Service, Biophysical environment, Redbridge, Natixis, Growth, ESG, Bank, Caisse

Rubis Photosol, a major player in photovoltaic energy production in France, has signed its first syndicated corporate loan with nine banking partners for an amount of €115 million.

Key Points:

Rubis Photosol, a major player in photovoltaic energy production in France, has signed its first syndicated corporate loan with nine banking partners for an amount of €115 million.
This transaction will enable the Company to bolster its financing structure in order to ramp up the development of new projects in France and abroad.
Redbridge served as strategic adviser to Rubis Photosol while Forex Finance provided advice on rates and hedging.
We wholeheartedly thank our banking partners and all the stakeholders who helped us successfully complete this first market transaction.”

Inflexion and Hunter Point Capital Announce Strategic Partnership

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Giovedì, Aprile 6, 2023

Professional Services, Consumer, Other Professional Services, Entrepreneur, Finance, Asset Management, Partnership, Financial services, Partner, Ashurst, Kirkland & Ellis, Corporate services, HPC, Growth, Entrepreneurship, Management, Health care, Inflection

Inflexion, a leading mid-market private equity firm investing across the UK and Europe, and Hunter Point Capital (“HPC”) are pleased to announce they have agreed to a strategic partnership.

Key Points:

Inflexion, a leading mid-market private equity firm investing across the UK and Europe, and Hunter Point Capital (“HPC”) are pleased to announce they have agreed to a strategic partnership.
Under the terms of the partnership, HPC has made a passive minority investment and plans to support Inflexion’s growth.
Inflexion benefits from three focused fund strategies: Buyout; Partnership Capital, its dedicated minority investment fund; and Enterprise, its lower mid-market fund.
As a strategic minority investor in Inflexion, HPC plans to support the firm through its global network and business-building expertise to help strengthen Inflexion’s ability to grow and scale sustainably.

LPI Completes Maricunga Ownership Consolidation

Retrieved on:

Sabato, Dicembre 24, 2022

Lithium, ESG, Pillsbury Winthrop Shaw Pittman, LPI, EBITDA, Ashurst, ASX, NPV, BRZ, Investment decisions, Maricunga Gold Mine, Lithium carbonate, Atacama Region, Transaction, DFS, IRR, Carbon, Renewable energy, Financial adviser

SYDNEY, Australia, Dec. 24, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to advise that it has now successfully completed the Plan of Arrangement with joint venture partner Bearing Lithium Corp. (BRZ:TSXV) (“Bearing Transaction”) who held a 17.14% interest in the Maricunga lithium brine project in Chile (“Maricunga”).

Key Points:

As a result of the Transactions LPI has now successfully completed consolidation of ownership of 100% of Maricunga.
This in turn can potentially deliver enhanced returns to shareholders
‘On behalf of the LPI Board I would like to thank our joint venture partners for their efforts to deliver this logical consolidation of ownership of Maricunga and welcome the new shareholders to LPI.
With ownership of Maricunga now consolidated we are best placed to pursue the funding and development of Maricunga and deliver further value to our shareholders.’
Treadstone Resource Partners acted as strategic and financial advisor to LPI in respect of the Transactions.
The Maricunga Project is located 170km north-east of Copiapó in Salar de Maricunga in the Atacama Region of northern Chile.

LPI Completes First Steps of Maricunga Consolidation

Retrieved on:

Martedì, Dicembre 20, 2022

Lithium, ESG, Pillsbury Winthrop Shaw Pittman, LPI, MSB, EBITDA, Ashurst, ASX, NPV, BRZ, Lithium carbonate, Atacama Region, Transaction, DFS, SBD, IRR, Carbon

SYDNEY, Australia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) provides an update on the consolidation of 100% ownership of LPI’s flagship Maricunga lithium brine project in Chile (“Maricunga” or the “Project”).

Key Points:

SYDNEY, Australia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) provides an update on the consolidation of 100% ownership of LPI’s flagship Maricunga lithium brine project in Chile (“Maricunga” or the “Project”).
MSB SpA contributed its 31.31% interest in Maricunga to Salar Blanco, LLC (“SBD”) and LPI has now completed the merger with SBD to consolidate 82.86% ownership of Maricunga (“SBD Transaction”).
The Bearing Transaction is expected to complete by 22 December which will result in LPI taking ownership of 100% of Maricunga.
The Maricunga Project is located 170km north-east of Copiapó in Salar de Maricunga in the Atacama Region of northern Chile.

LPI’s Consolidation of 100% of the Maricunga Project to Complete Imminently

Retrieved on:

Sabato, Dicembre 17, 2022

Lithium, Lithium carbonate, SBD, ASX, Ashurst, Carbon, Pillsbury Winthrop Shaw Pittman, Atacama Region, IRR, MSB, NPV, Spondyloarthropathy, EBITDA, BRZ, DFS, LPI, ESG, Security (finance), Maricunga Gold Mine

SYDNEY, Australia, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) provides an update on the consolidation of 100% ownership of LPI’s flagship Maricunga lithium brine project in Chile (“Maricunga” or the “Project”).

Key Points:

LPI is progressing to complete the merger with SBD to consolidate MSB SpA’s 31.31% interest in Maricunga (“SBD Transaction”).
It is expected this will complete by 22 December, resulting in LPI taking ownership of 100% of Maricunga.
“We are extremely pleased to be within reach of consolidating the ownership of Maricunga lithium brine project.
The Maricunga Project is located 170km north-east of Copiapó in Salar de Maricunga in the Atacama Region of northern Chile.

Reveal Announces New Collaboration with Ashurst as Part of Major Asia-Pacific Expansion

Retrieved on:

Giovedì, Dicembre 15, 2022

"Innovation and disruption are core to Ashurst's values," said Hilary Goodier, partner and Co-head of Ashurst's global NewLaw division Ashurst Advance.

Key Points:

"Innovation and disruption are core to Ashurst's values," said Hilary Goodier, partner and Co-head of Ashurst's global NewLaw division Ashurst Advance.
Our partnership with Reveal will offer our clients access to the most innovative tech support tools in the legal industry.
The collaboration with Ashurst marks a significant moment for Reveals ongoing expansion into new global markets, including APAC.
Most recently, Reveal opened a new office in Sydney, with plans for further expansion this year and beyond.

15 Million RVers Plan Holiday Travel in US; Another Indicator of the Outdoor Recreation Industry’s Enormous Economic Impact

Retrieved on:

Martedì, Novembre 15, 2022

A new survey of leisure travelers conducted by the RV Industry Association finds that 15.3 million Americans plan to travel in RVs between Thanksgiving and New Years this year.

Key Points:

A new survey of leisure travelers conducted by the RV Industry Association finds that 15.3 million Americans plan to travel in RVs between Thanksgiving and New Years this year.
This represents an increase of 31% in gross output and 13% in jobs over 2020.
According to the RV Industry Associations travel intention study, 29% of Millennials and 20% of GenZ leisure travelers plan on staying in an RV over the holidays.
The survey also showed that finances are a driving reason for peoples plans to take an upcoming RV trip.