JULY 2014
Transactions
Helaba refinancing for Elisenhof at 124 million euros
Helaba is providing EUR 124 million in funds to refinance the Elisenhof building in Munich, an office and retail property with a total rentable area of around 46,000 sqm originally built in 1984, for a company of the Tishman Speyer Group. The bank is acting as arranger, sole lender and hedging provider.
Tishman Speyer acquired the “Elisenhof” in 2006 and carried out a complete refurbishment. The 8-floor office and retail building is in an attractive location between the main railway station and the old botanical garden and is a sought-after address for law firms, management consultancies and medical practices.
Jebens Mensching advises Tishman Speyer in refinancing Eilsenhof. Jebens Mensching has already advised Tishman Speyer in several transactions in the past under the responsibility of Heiko Petzold. The latest transaction has been the purchase of the building complex located Mainzer Landstraße/Weserstraße in Frankfurt am Main, the related lease agreement with Deutsche Bank AG and subsequently the financing of this lage-scale project. LM
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Helaba provides EUR 124 million in funds to refinance the Elisenhof building in Munich
Legal advisor:
Legal advisor to Helaba:
This announcement appears as a matter of record only
Artex Risk Solutions acquisition of Heritage Insurance Management Limited
Helaba.indd 1
Bedell Cristin in Guernsey have acted for Artex Risk Solutions in relation to the acquisition of Heritage Insurance Management Limited, the specialist captive and insurance management arm of Guernsey headquartered Heritage Group. Artex Risk Solutions provides a diverse range of captive insurance solutions and alternative risk financing options for clients based primarily in the United States and is a wholly-owned subsidiary of Arthur J Gallagher & Co, one of the world's largest insurance brokerage and risk management services firms.
The deal will see Artex expand strategically beyond North America for the first time, with the acquisition of a fully-established European-based captive management facility, which will trade as Artex International in due course. The combined entity will represent one of the largest captive managers in the world.
The Bedell team was led by partners Mark Helyar and Kate Ovenden, assisted by Richard Sharp, Sukh Chana and Emma Corbin. Bedell Cristin provided due diligence reporting to the purchaser as well as coordinating the reconstruction of the target group and the acquisition across four jurisdictions via a single acquisition agreement. Managing partner, Mark Helyar, said "We were delighted to be instructed by Artex in this matter and to be able to assist them with their expansion into the European market. This transaction represents a significant development for Guernsey's captive insurance sector." LM
Artex Risk Solutions acquisition of Heritage Insurance Management Limited
Legal advisor to Artex Risk Solutions: 03/06/2014 15:25
This announcement appears as a matter of record only
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Helaba
Heritage Insurance Management Limited
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