White & Case

ESSITY Ad Hoc Bondholder Group Demand Repayment of Notes

Retrieved on: 
Friday, March 22, 2024
Consulting, Legal, Professional Services, Finance, White, Agency agreement, White & Case, Vinda, Mass meeting, Sale

Holders of certain notes issued by Essity Capital B.V. and Essity Aktiebolag (publ) (together “Essity”) due in 2029, 2030, and 2031 (the “Notes”) formed an Ad Hoc Bondholder Group (the “Group”) in January 2024 and appointed Houlihan Lokey as financial advisor and White & Case as legal advisor.

Key Points: 
  • Holders of certain notes issued by Essity Capital B.V. and Essity Aktiebolag (publ) (together “Essity”) due in 2029, 2030, and 2031 (the “Notes”) formed an Ad Hoc Bondholder Group (the “Group”) in January 2024 and appointed Houlihan Lokey as financial advisor and White & Case as legal advisor.
  • The Group has twice delivered letters to Essity dated 2 February and 12 February demanding the repayment of the Notes.
  • The Group is willing to discuss with Essity the manner and terms on which such repayment would be made.
  • The Group is made up of international bondholders currently holding over €270 million nominal amount of the Notes, and it continues to expand.

C1 Announces Agreement with Lenders and Other Stakeholders to Significantly Reduce Debt and Boost Liquidity, Enabling Company to Invest for Growth

Retrieved on: 
Thursday, April 4, 2024
Silver Point Capital, Growth, Health, AlixPartners, White & Case, Patient, LLP, Monarch Alternative Capital, Student, United States bankruptcy court, Bankruptcy, L.L.C, CVC Capital Partners, Security (finance)

BLOOMINGTON, Minn., April 4, 2024 /PRNewswire/ -- C1, an advanced technology and solutions company, today announced it has entered into an agreement with a supermajority of its lenders and certain other stakeholders to support ongoing efforts to invest in the transformation and growth of the business. The agreement provides for the reduction of approximately 80% of debt from the balance sheet and $245 million in new equity commitments, resulting in a significant increase in the Company's available liquidity.

Key Points: 
  • Over the past year, we have been taking actions across the organization to help position C1 for success in the market and harness the full value of One C1.
  • The new financing will, subject to Court approval, be available to support the Company throughout the process and in the future.
  • C1 has filed a number of customary "first day" motions to continue uninterrupted operations during the financial restructuring.
  • is serving as investment banker, and AlixPartners LLP is serving as financial advisor to C1.

Notice to Kindred Group plc AGM

Retrieved on: 
Friday, March 22, 2024
Remuneration, Financial statement, KPMG, Chair, Documentation, PwC, FDJ, Exercise, Committee, Date, European Parliament, White, Proxy, Telephone, Euroclear, Knowledge, AGM, Kindred, Kindred Group, Audit committee, White & Case, GBP, Bank statement, Commission, SDR, Council, Annual report, European, BankID, CVS, Nasdaq Stockholm, Companies Act, Report, Audit

SLIEMA, Malta, March 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.

Key Points: 
  • SLIEMA, Malta, March 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.
  • Holders of SDRs who wish to exercise their voting right at the AGM must:
    (ii) no later than Friday 19 April 2024 23:59 CET either register their intention to attend the AGM, or exercise their voting rights, by following the link https://anmalan.vpc.se/euroclearproxy , and clicking through to Kindred Group, and logging in with BankID.
  • It is proposed that the AGM conducts the following business:
    Standards for the year ended 31 December 2023, together with
    the Report of the Auditors.
  • CVs for the current Directors are to be found on pages 60-62 in the Kindred Group plc Annual Report for 2023 and on the Company's website.

Notice to Kindred Group plc AGM

Retrieved on: 
Friday, March 22, 2024
Remuneration, Financial statement, KPMG, Chair, Documentation, PwC, FDJ, Exercise, Committee, Date, European Parliament, White, Proxy, Telephone, Euroclear, Knowledge, AGM, Kindred, Kindred Group, Audit committee, White & Case, GBP, Bank statement, Commission, SDR, Council, Annual report, European, BankID, CVS, Nasdaq Stockholm, Companies Act, Report, Audit

SLIEMA, Malta , March 20, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.

Key Points: 
  • SLIEMA, Malta , March 20, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.
  • Holders of SDRs who wish to exercise their voting right at the AGM must:
    (ii) no later than Friday 19 April 2024 23:59 CET either register their intention to attend the AGM, or exercise their voting rights, by following the link https://anmalan.vpc.se/euroclearproxy , and clicking through to Kindred Group, and logging in with BankID.
  • It is proposed that the AGM conducts the following business:
    Standards for the year ended 31 December 2023, together with
    the Report of the Auditors.
  • CVs for the current Directors are to be found on pages 60-62 in the Kindred Group plc Annual Report for 2023 and on the Company's website.

Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners

Retrieved on: 
Tuesday, March 19, 2024
PJSC, Nicknames of Houston, ECP, Growth, White, Partnership, White & Case, JPMorgan Chase, LLP, Guggenheim, Wind, BMO Capital Markets, Covington & Burling, Latham & Watkins, Renewable energy

ECP, a leading investor across energy transition, electrification and decarbonization infrastructure assets, will fully exit its position in Terra-Gen in connection with the transaction.

Key Points: 
  • ECP, a leading investor across energy transition, electrification and decarbonization infrastructure assets, will fully exit its position in Terra-Gen in connection with the transaction.
  • Igneo Infrastructure Partners ("Igneo"), a global infrastructure investment manager, will retain its existing 50 percent stake in the company.
  • This transaction unites one of the largest independent renewable energy producers in the U.S. with Masdar – one of the fastest growing clean energy companies in the world.
  • John DiMarco, Managing Director at Igneo, said, "Igneo is excited to partner with Masdar on Terra-Gen's next phase of growth.

Bregal Milestone Unveils Allshares, a Pan-European Powerhouse in Compensation and Benefits, and Announces Majority Growth Investment to Acquire Evli Alexander Incentives

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Technology, Other Technology, Human Resources, Software, Banking, White & Case, Growth, Entrepreneurship, Partner (business rank), EAI, Partnership

Bregal Milestone, a leading European software and technology growth private equity firm, today announced a majority growth investment in Evli Alexander Incentives (“EAI”), the former equity plan design and administration arm of Evli Group (“Evli”), a leading Nordic wealth manager.

Key Points: 
  • Bregal Milestone, a leading European software and technology growth private equity firm, today announced a majority growth investment in Evli Alexander Incentives (“EAI”), the former equity plan design and administration arm of Evli Group (“Evli”), a leading Nordic wealth manager.
  • "We are very excited to partner with Bregal Milestone, a team that shares our vision of becoming the leading provider of compensation and benefits and long-term incentives in Europe and beyond.
  • We believe that this partnership will create significant value for our clients, employees, and shareholders," said Maunu Lehtimäki, CEO of Evli Plc.
  • "We are honoured to partner with Evli Group and management,” added Cyrus Shey, Co-Founder and Managing Partner at Bregal Milestone.

IGT's Global Gaming and PlayDigital Businesses to Combine with Everi, Creating a Comprehensive Global Gaming and FinTech Enterprise

Retrieved on: 
Thursday, February 29, 2024
IGT, CFO, Sidley Austin, Deutsche Bank, Chickasaw Nation, Mediobanca, New York Stock Exchange, Pillsbury Winthrop Shaw Pittman, LAS, International Game Technology, White, Ecosystem, Fintech, LLP, Houlihan Lokey, White & Case, Macquarie Group

It also facilitates the separation of IGT's Global Gaming and PlayDigital businesses from our Global Lottery business, resulting in a pure play global lottery business.

Key Points: 
  • It also facilitates the separation of IGT's Global Gaming and PlayDigital businesses from our Global Lottery business, resulting in a pure play global lottery business.
  • "The combination results in a comprehensive and diverse product offering, addressing more aspects of the gaming ecosystem across land-based gaming, iGaming, sports betting, and fintech.
  • "We believe this merger combines two highly complementary businesses in a transformational manner, creating a global, land-based and digital gaming, fintech and systems business.
  • The transaction implies an enterprise value for IGT's Global Gaming and PlayDigital businesses of approximately $4.0 billion, and an enterprise value for Everi of approximately $2.2 billion.

Adagio Medical To List on Nasdaq Through Business Combination with ARYA Sciences Acquisition Corp IV, Enabling Further Commercial and Clinical Development of Innovative Cardiac Ablation Technologies

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, Jefferies Group, Stifel, Form, Arrhythmia, Reed Smith, Kirkland & Ellis, Atrial fibrillation, Patient, Tachycardia, LLP, White & Case, Catheter ablation, Investment, PFCA, Security (finance)

LAGUNA HILLS, Calif., Feb. 14, 2024 /PRNewswire/ -- Adagio Medical, Inc. ("Adagio Medical"), a leading innovator in catheter ablation technologies for treatment of cardiac arrhythmias, and ARYA Sciences Acquisition Corp IV (Nasdaq: ARYD) ("ARYA"), a special purpose acquisition company that is sponsored by an affiliate of Perceptive Advisors, LLC ("Perceptive Advisors"), today announced they have entered a definitive agreement (the "business combination agreement") for a business combination (the "transaction"). Upon closing of the transaction, Adagio Medical will become a subsidiary of Aja Holdco, Inc. (the "Combined Company"), which will operate with the existing Adagio Medical management team under the name "Adagio Medical, Inc." The Combined Company's common stock is expected to be listed on the Nasdaq Capital Market under the ticker symbol "ADGM".

Key Points: 
  • Investors in the financing include affiliates of Perceptive Advisors, RA Capital Management ("RA Capital"), RTW Investments and ATW Partners.
  • "In Adagio Medical, we've come to believe that the company's innovative cardiac ablation technology, thoughtful commercialization strategy, and experienced leadership team make it an exceptional fit to meet our objectives."
  • The respective boards of directors of both ARYA and Adagio Medical have approved the proposed transaction.
  • Jefferies LLC ("Jefferies") is acting as financial and capital markets advisor to ARYA, as well as sole private placement agent.

Adagio Medical To List on Nasdaq Through Business Combination with ARYA Sciences Acquisition Corp IV, Enabling Further Commercial and Clinical Development of Innovative Cardiac Ablation Technologies

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, Jefferies Group, Stifel, Form, Arrhythmia, Reed Smith, Kirkland & Ellis, Atrial fibrillation, Patient, Tachycardia, LLP, White & Case, Catheter ablation, Investment, PFCA, Security (finance)

LAGUNA HILLS, Calif., Feb. 14, 2024 /PRNewswire/ -- Adagio Medical, Inc. ("Adagio Medical"), a leading innovator in catheter ablation technologies for treatment of cardiac arrhythmias, and ARYA Sciences Acquisition Corp IV (Nasdaq: ARYD) ("ARYA"), a special purpose acquisition company that is sponsored by an affiliate of Perceptive Advisors, LLC ("Perceptive Advisors"), today announced they have entered a definitive agreement (the "business combination agreement") for a business combination (the "transaction"). Upon closing of the transaction, Adagio Medical will become a subsidiary of Aja Holdco, Inc. (the "Combined Company"), which will operate with the existing Adagio Medical management team under the name "Adagio Medical, Inc." The Combined Company's common stock is expected to be listed on the Nasdaq Capital Market under the ticker symbol "ADGM".

Key Points: 
  • Investors in the financing include affiliates of Perceptive Advisors, RA Capital Management ("RA Capital"), RTW Investments and ATW Partners.
  • "In Adagio Medical, we've come to believe that the company's innovative cardiac ablation technology, thoughtful commercialization strategy, and experienced leadership team make it an exceptional fit to meet our objectives."
  • The respective boards of directors of both ARYA and Adagio Medical have approved the proposed transaction.
  • Jefferies LLC ("Jefferies") is acting as financial and capital markets advisor to ARYA, as well as sole private placement agent.

Aareal Bank finances landmark hotel portfolio in London for Starwood Capital

Retrieved on: 
Thursday, February 8, 2024
Starwood Capital Group, Cushman & Wakefield, Knowledge, Collection, Radisson Blu, Aareal Bank, White, White & Case, Pinsent Masons, Acquisition, Financial services

Wiesbaden, 8 February 2024 – Aareal Bank announces its pivotal role in financing the majority of the Edwardian hotel portfolio in London acquired by a controlled affiliate of Starwood Capital Group (Starwood Capital).

Key Points: 
  • Wiesbaden, 8 February 2024 – Aareal Bank announces its pivotal role in financing the majority of the Edwardian hotel portfolio in London acquired by a controlled affiliate of Starwood Capital Group (Starwood Capital).
  • The acquisition adds to Starwood Capital's existing portfolio of European hotel investments, which following the transaction will comprise 47 hotels / approx.10,000 rooms across Europe.
  • Tim Abram, Managing Director at Starwood Capital said, "We are delighted to have Aareal Bank as our partner on the acquisition of this one-of-a-kind portfolio of London hotels.
  • Key players in this transaction include Pinsent Masons and White & Case, serving as legal advisors to Aareal Bank and Starwood Capital, respectively.