SNR Denton's Egypt team is smaller in number than many of its competitors but the firm clinches some large deals and draws a lot of strength from its London office, which gives it exposure to sophisticated banking and finance transactions and an ability to punch above its weight in projects and privatisations.In recent deals on the banking and financing side, the firm worked with the London team to advise HSBC and the Japan Bank for International Cooperation (JBIC) on $500 million of financing to an Egyptian-Japanese company for two jack-up rigs....
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SNR Denton's Egypt team is smaller in number than many of its competitors but the firm clinches some large deals and draws a lot of strength from its London office, which gives it exposure to sophisticated banking and finance transactions and an ability to punch above its weight in projects and privatisations.
In recent deals on the banking and financing side, the firm worked with the London team to advise HSBC and the Japan Bank for International Cooperation (JBIC) on $500 million of financing to an Egyptian-Japanese company for two jack-up rigs. The firm also closed a $50 million syndicated term loan facility on behalf of Standard Chartered for the United Sugar Company, which involved a review a draft murabaha (deferred sale) agreement.
Elsewhere in financing, the firm has been advising Chemonics International (on behalf of USAID) on Egypt's new public-private partnership (PPP) law in relation to the construction, financing and operating the Alexandria West Wastewater Treatment Plant. The firm also advised HSBC on the local law aspects relating to aircraft financing for two ATR72-500 aircraft.
The firm closed another deal for Club Méditerranée (ClubMed) relating to a Greenfield beach resort complex in Taba Heights. Michael Lacey and Frederique Leger led on the high profile finance deals.
In M&A, the firm helped Clifford Chance review security rights relating to Fortis' incorporation into ABN Amro, advised Symrise on a $2 million merger in the agro business.
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