Deals summary

Simmons & Simmons (Nick Norris, Sean Bulmer) advised Pacific Century CyberWorks (PCCW) on its $450m (£314m) bond issue with the option to issue a further $67.5m (£47m) of bonds, convertible into PCCW shares.

Allen & Overy (Francis Bridgeman) advised a committee of Kvaerner senior creditors, including ABN Amro, Barclays Bank, Den Norske Bank, Norddeutsche Landesbank and Nordea, on the NKr20bn (£1.6bn) debt restructuring of Kvaerner. Wiersholm Mellbye & Bech advised on local law. Kvaerner advised by Clifford Chance (Roderick McGillivray).

Linklaters (Marc Loesch) and Clifford Chance advised IMO Car Wash Group on the financing of its £80m takeover of Toman Group. The acquisition means that IMO has a potential value of up to £300m. Linklaters advised IMO on Luxembourg law. Clifford Chance advised IMO internationally. BNP Paribas, which provided the financing, was advised by Ashurst Morris Crisp in the UK and by Allen & Overy in Luxembourg.