WFW advises Investec on Boeing 787-10 acquisition
Investec underwrote the acquisition which was supported by debt and equity co-investment.
Investec underwrote the acquisition which was supported by debt and equity co-investment.
This transaction resulted from HSBC’s decision to sell its Greek shipping portfolio, of which Piraeus Bank acquired the highest number of loans.
Four deals the firm has advised on won awards at this year’s Airfinance Journal Awards.
Located in Foggia in the southern region of Apulia, the 13 MW plant produces electric and thermal energy from biomass.
The vessel is expected to be the best-performing cruise ship in the world.
WFW has been advising the sellers for several years on project development, land rights acquisition and corporate matters.
The acquisition was completed through Nemeca’s takeover of an existing loan between BCC Iccrea Bank and the two Greek companies.
Through this acquisition, Pangaea will expand its North American terminal network to include the mid-Atlantic and south-eastern US.
The loan facility comprises a K-Sure insured tranche and a commercial tranche relating to each of the two vessels.
Tim has over 20 years’ experience working on a wide range of aviation and travel-related dispute resolution matters both in the English courts and in arbitrations.