Hong Kong – LAWFUEL – The Law Newswire – Clifford Chance has advised leading mezzanine capital provider Intermediate Capital Group (ICG) on its provision of mezzanine capital and equity co-investment with 3i in Singapore-based Franklin Offshore.
Franklin Offshore is a leading provider of logistics services to oil companies and rig owners, including rigging, mooring and lifting products. It has been recognised as one of Singapore’s top 50 most enterprising companies.
With offices in Europe, Asia and Australia, ICG has funds under management of EUR8.5 billion including CDOs, leveraged loan funds, Europe’s largest independent mezzanine fund, and the first dedicated Asia Pacific mezzanine fund “ICG is an acknowledged global expert in mezzanine capital and we are pleased to have been able to advise on its latest investment in Asia,” said private equity partner Andrew Whan.
Andrew led the team advising on the equity component, which also included associates Jeffrey Lau and Peter Law. Partner Huw Jenkins, senior associate Dauwood Malik and assistant Karen Sett Wong advised on the financing aspects of the deal.