Cleary Gottlieb Steen & Hamilton (Andrew Shutter, Simon Jay) is advising Kier Group on a credit facility comprising senior, mezzanine and working capital facilities. The deal, which is part of a joint venture with the Bank of Scotland, will be used to finance the acquisition of Laing Property Developments from John Laing. Kier also advised by Denton Wilde Sapte (Penny Davies) on property matters. John Laing advised by CMS Cameron McKenna (Simon Vere-Nicholl, Louise Wallace). Bank of Scotland advised by Lovells (Matthew Cottis, Richard Lewis).
Weil Gotshal & Manges (Jacky Kelly, Andrew Norwood) advised Bear Stearns International in connection with structuring and executing a e310m (£190m) collateralised debt obligation (CDO) backed by a portfolio of European debt securities. Trustee JP Morgan Chase also advised by Weil Gotshal (Christian Smith). Gulf International Bank advised by Dechert (John Gordon) as collateral manager. Dutch SPV advised by Nauta Dutilh.
Gouldens (Tom Budd, William Oliver) advised Phillimore Hill, a joint venture between Westcity Properties, Wates and Northacre in relation to a £104m investment and development facility provided by Barclays Bank and the Royal Bank of Scotland to finance the development of the former Queen Elizabeth College site in Kensington in London. Banks advised by Berwin Leighton Paisner.