Posts

Deloitte announces 2019 Technology Fast 500™ EMEA rankings

A company from the UK tops Deloitte’s Technology Fast 500™ rankings for Europe, the Middle East, and Africa (EMEA), which was released today. The list is compiled by Deloitte’s regional Technology, Media & Telecommunications (TMT) industry group.

Overall, this year’s Technology Fast 500 list for the region features winners from 22 countries, with an average growth rate of 1,258 percent in 2019, compared to 969 percent in 2018.

Revolut is the number-one ranked company on the 2019 EMEA Technology Fast 500 list.

“When Revolut was founded in 2015, we had a vision to build a sustainable, digital alternative to traditional big banks. Our mission now is to help our customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which we operate” says Nik Storonsky, Founder & CEO of Revolut.

“We’re delighted to top the ranking. 12 million people now use Revolut to manage and improve their finances, and our growth reinforces the point that people are looking for alternative ways to manage their money.”

Nikolaas Tahon, EMEA Fast 500 Lead Partner commented “This year’s Fast 500 list is led by organisations demonstrating unprecedented growth, reflecting the continuing evolution in technology. We are aware that the current environment is a complex one for many organisations, particularly as leaders work out their future strategy. Deloitte congratulates Revolut as well as all other winners and we’re excited to see their continued achievements in the next year.”

Projects, energy and infrastructure teams recognised at IJGlobal Awards

Global law firm Norton Rose Fulbright received Global Legal Adviser of the Year, Asia Pacific Legal Adviser of the Year and North America Legal Adviser of the Year accolades on July 13, 2020 at the IJGlobal Awards 2019, which recognised the best energy, infrastructure and mining deals and firms from around the world over the past year.

A leading publication for the energy and infrastructure market, IJGlobal also honoured the firm with 13 Deal of the Year awards for transactions completed in Asia Pacific, Europe & Africa, Middle East & North Africa and North America.

Nick Merritt, Norton Rose Fulbright’s Global Head of Infrastructure, Mining and Commodities, commented: “These accolades affirm our position as a market leader for project finance work in the infrastructure and energy sectors. We would like to congratulate all of our clients on their wins, and we are pleased to have been able to make a positive contribution to each and every of the named projects. We have had a strong year advising on many first-of-its-kind type projects and are grateful for the industry recognition from our peer group which continues to recognise our global scope and knowledge in the development and financing of ever more complex projects around the world.”

Anne Lapierre, Norton Rose Fulbright’s Global Head of Energy, said: “Being recognised for our involvement in a wide range of highly complex projects in oil, gas and renewables is a testament to the strength of our global team. While this year may present challenges to our clients, we remain committed to helping them achieve their objectives related to global projects.”

The firm advised on 13 award-winning transactions at the IJGlobal Awards 2019:

Asia Pacific

  • Asia Pacific Telecoms Deal of the Year – Kacific-1 Satellite
  • Advised Kacific Broadband Satellites Group on credit facilities totalling US$160 million to finance the construction, launch, ground system and initial operation for Kacific-1, a Boeing-built next-generation high-throughput Ka-band satellite. Led by Nick Merritt.
  • Asia Pacific Hydro Deal of the Year – Tina River Hydro
  • Advised Korea Water Resources Corporation and Hyundai Engineering Company Ltd as sponsors on the 15-MW Tina River Hydro Development Project. The deal marks the first large-scale infrastructure P3 project in the Solomon Islands. Led by Nick Merritt.
  • Asia Pacific Waste Deal of the Year – East Rockingham EfW
  • Advised a group of five senior financiers on the East Rockingham EfW project, which will be the second waste-to-energy facility in Western Australia aimed at addressing Australia’s growing waste crisis. The project was developed by a consortium led by Tribe Infrastructure Group, New Energy Corporation and Hitachi Zosen Inova. Led by Jo Crew.

Europe and Africa

  • European Portfolio Refinancing Deal of the Year – Project Keane Refinancing
  • Advised Brookfield Renewable Energy Partners on the Refinancing of an entire portfolio of onshore wind assets, which includes 17 360-MW projects in Ireland. Led by Rob Marsh.
  • European Refinancing Deal of the Year – Beatrice Offshore Wind
  • Advised a consortium of lenders on the senior debt refinancing of the Beatrice offshore wind project in Scotland. The consortium comprises 29 commercial and institutional lenders and 24 hedging banks. Led by Rob Marsh.
  • European Restructuring Deal of the Year – Irish Schools Bundle 5
  • Advised DIF infra 4 Limited as shareholder of Inspiredspaces Bundle 5 (Ireland) Limited on the restructuring and financing of completion works in relation to the Irish Schools Bundle 5 PPP project. Led by Mark Berry.
  • African Refinancing Deal of the Year – Société Ivorienne de Raffinage
  • Advised Africa Finance Corporation on the debt financing of Société Ivoirienne de Raffinage under a multi-currency long-term credit agreement for approximately US$675 million. Led by Anne Lapierre.
  • African Power Deal of the Year – Bridge Power
  • Advised the lenders to the Bridge Power Project in Ghana, sponsored by General Electric, Endeavour Energy and the Quantum Group. The project is a fast-deployment dual-fuelled LPG and natural gas power project, comprising approximately 400 MW of combined cycle power generation technology. Co-led by Martin McCann, Charles Whitney, Dan Metcalfe and Dan Giemajner.

Middle East and North Africa

  • MENA Water Deal of the Year – Taweelah IWP
  • Advised lenders, including Natixis, Siemens Bank and Mizuho Bank, to the successful bidding consortium, led by ACWA Power, on the US$1.2 billion Taweelah desalination independent water project (IWP) in Abu Dhabi. Led by Jo Emerson-Taqi and Paul Mansouri.

North America

  • North America Battery Storage Deal of the Year – Lāwa’i Solar and Energy Storage
  • Advised Societe Generale as lenders on the financing of the combined 20 MW solar PV and 20 MW/100 MWh AES Lāwa’i Solar and Energy Storage Project in Kauai, Hawaii – the largest operational solar and storage system in the world. Co-led by Ben Koenigsberg and Jim Berger.
  • North America Utility Deal of the Year – ESAP Modernisation Project
  • Advised the Department of Justice in providing procurement advice and transaction support services to Public Services and Procurement Canada for the Energy Services Acquisition Program’s Energy Service Modernisation P3 project. Led by John Naccarato.
  • North America Wind Deal of the Year – Clearway Repowering
  • Advised Clearway Energy on the US$381 million repowering of two Texas wind farms – the 161 MW Wildorado wind farm in Oldham County and 121.9 MW Elbow Creek wind farm in Howard County. Co-led by Rob Eberhardt and Jim Berger.
  • Latin America Water Deal of the Year – BRK Ambiental
  • Advised sponsor BRK Ambiental Participações S.A in relation to the BRL denominated IDB financing provided in respect of BRK’s wastewater infrastructure project in Recife and Goiana in northeast Brazil. Led by Charlie Johnson.
  • At last year’s awards, IJGlobal recognised Norton Rose Fulbright as Legal Adviser of the Year – North America (private sector) and the firm advised on 18 Deals of the Year. The year prior, Norton Rose Fulbright was named Global Law Firm of the Year and Europe and Africa Law Firm of the Year, while advising on 15 Deals of the Year.

Norton Rose advises consortium of banks on $500m bond issuance

Global law firm Norton Rose Fulbright has advised Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, Emirates NBD Bank PJSC, Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, J.P. Morgan Securities plc and Société Générale as joint lead managers on a US$500 million bond issuance by Emirates NBD Bank PJSC.

The notes are due February 2025 and were issued off Emirates NBD Bank PJSC’s $12,500,000,000 Euro Medium Term Note Programme, which was updated in July 2019 and on which Norton Rose Fulbright also advised.

The Dubai-based Norton Rose Fulbright team was led by head of debt capital markets for the Middle East, Gregory Man, with assistance from senior associate, Ganna Vlasenko.

Gregory Man commented: “We are proud to have been involved in this transaction. This deal builds on Norton Rose Fulbright’s track record of advising on notable bond transactions in the region and once again provided us with the opportunity to represent many of our leading financial institutions clients.”

About Norton Rose Fulbright

We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,700 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

Recognised for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

Global brochure

Hogan Lovells Celebrates the New Year with 29 Promotions

Global law firm Hogan Lovells today announced that 29 of its people have been promoted to partner effective 1 January across a network of 45+ offices in 24+ countries, spanning Africa, Asia, Australia, Europe, the Middle East, and the Americas.

Speaking on the promotions, Hogan Lovells’ CEO Steve Immelt commented:

“Each of these individuals has demonstrated our core values through their hard work, client dedication, leadership behaviors and innovative thinking. Their additions to the partnership are a reflection of our truly global and diverse culture at the firm. The achievements of this talented group reflect the excellent work the firm does in recruiting and retaining the best people in a highly competitive legal marketplace. With that in mind, I am particularly pleased that more than 40 percent of our new partners and new counsel are women. I congratulate all those who were promoted and wish them every success as they continue their career with us.”

Each of Hogan Lovells’ five practice groups is represented in the 2020 partner promotions:

  • Eight in Corporate (including in Transactional, Real Estate, and Tax)
  • Seven in Litigation, Arbitration and Employment (including in Litigation, Arbitration, Investigations, White Collar and Fraud, and Employment)
  • Nine in Global Regulatory (including in Communications, Environment and Natural Resources, Medical Device and Pharmaceuticals and Biotechnology, Health, International Trade and Investment, Antitrust, Competition and Economic Regulation, and Financial Services)
  • Two in Finance (including in Business Restructuring and Insolvency, and Infrastructure, Energy, Resources and Projects)
  • Three in Intellectual Property, Media and Technology

The additions to the partnership are a reflection of Hogan Lovells’ progress as one of the legal world’s only true global law practices. The new partners include:

  • 14 in the Americas, spread across our Baltimore, Denver, Mexico City, New York, Northern Virginia, and Washington, D.C. offices
  • Eight in the UK and Africa, in our London office
  • Six in Continental Europe, spread across our Frankfurt, Luxembourg, Munich, Madrid, and Rome offices
  • One in Asia Pacific and the Middle East, in our Tokyo office.
  • 13 women and 16 men.

In addition to the 29 new partners, 56 of our lawyers have been promoted to Counsel.

Our clients see us as an extension of their team, because we put ourselves in their shoes at every turn. They trust our recommendations, and we prove our worth time and again with commercially astute solutions.

If you would like to find out more information, please visit: https://www.hoganlovells.com/

Hogan Lovells partner joins Baker McKenzie in Johannesburg

Baker McKenzie has appointed trade and commodity finance lawyer Lodewyk Meyer as a partner in its banking and finance practice group in Johannesburg.

Meyer was previously partner of the banking and finance team at Hogan Lovells in Johannesburg, where he had been since 2015.

His experience also includes roles at Norton Rose Fulbright, Bowman Gilfillan, Standard Chartered, Nedbank and Absa. Throughout his career he has advised banks, structured trade and speciality funds, and actors in the commodity value chain in Africa, the Middle East, Asia, Europe and the US.

“Lodewyk’s hire forms part of our strategy to grow our transactional practice in Africa through strategic recruitment and organic promotions,” says Baker McKenzie managing partner Morne van der Merwe. “Lodewyk’s skills in trade, finance and investment in Africa are invaluable to multinational organisations who must negotiate a multitude of trade and finance laws and regulations when transacting across borders in Africa.”

JLL expands logistics advisory business with Vincia acquisition

Real estate services firm JLL has expanded its supply chain and logistics advisory platform with the acquisition of Vincia in France.

JLL acquired the French supply chain consulting business for an undisclosed sum and said the deal supports JLL’s plans to expand its industrial and logistics business and strengthen its supply chain platform by investing in markets across Europe, the Middle East and Africa (EMEA).

The deal will expand JLL’s supply chain and logistics platform which currently provides services to landlords, occupiers and developers with more than 250 dedicated experts across 18 locations in EMEA.

Established 20 years ago, Vincia specialises in helping clients in the manufacturing and distribution services sectors to enhance their performance in the areas of service, cost and quality.

The acquisition of Vincia strengthens JLL’s capabilities in the sector which follows the acquisition of logistics and supply chain firm GCL Europe in 2014.

Charles Boudet, managing director, JLL France, said: “At a time of changing purchasing behaviour and the widespread introduction of omni-channel services, the logistics and supply chain market presents new opportunities for our clients.

“This acquisition strengthens our expertise in the sector and is key to enhancing our ambitions to grow our supply chain and logistics operations in France and beyond.”

Laurent Vallas, regional director and industrial and logistics assets sponsor, JLL France, said: “The acquisition of Vincia enables us to respond to the growing market demand for supply chain consulting services.

“It is an expansion of our capabilities in the sector which follows our acquisition of GCL Europe in 2014.”

Fabrice Mattei and Pascal Querro, co-founders of Vincia, said: “We have worked with JLL for a number of years on key projects.

“These shared experiences have always delivered great value to our clients and have proven that we share the same principles and culture of excellence.”