White & Case LLP - Lawyers - Magdalene Bayim-Adomako

Practice Experience

Magdalene Bayim-Adomako, an English-qualified partner is co-head of Bank Finance in the Firm's Banking & Capital Markets group in London.

Magdalene has extensive experience in all areas of banking law with particular expertise in advising on acquisition finance, structured receivables, and trade and commodity finance transactions. Magdalene has represented a wide range of financial institutions, lenders and borrowers on syndicated, bilateral, secured and unsecured financings including project finance and securitisation of loan and trade receivables in a wide range of jurisdictions including Latin America, Russia and Eastern Europe, Africa and the Middle East.

Magdalene has been a partner of the London office since 2000 and was previously a Director in-house counsel at UBS AG.

Representative transactions include:

Acting for the Mandated Lead Arrangers, HVB, Nordea Bank and HSH Nord Bank, in connection with the provision of credit facilities, to a CVC Capital Partners incorporated SPV, for the DKK5.2 billion acquisition of Danish drug store chain Matas A/S by CVC. It had a senior, revolver and a second lien piece;
Acting for Goldman Sachs, Citibank, HSBC, Commerzbank, Credit Suisse, Société Générale, Caja de Ahorros y Monte De Piedad de Madrid, The Royal Bank of Scotland plc and Lloyds TSB Bank plc as Mandated Lead Arrangers and Rabobank as Issuing Bank in the €10.8 billion financing for the cash portion of Mittal Steel N.V.’s €25.8 billion bid to acquire French rival, Arcelor SA;
Acting for CIBC, Deutsche Bank and Morgan Stanley in connection with the provision of €1.005 billion of senior debt, €70 million second-lien and €200 million mezzanine financing to CVC Capital Partners for the acquisition of Ruhrgas Industries GmbH, the metering and furnacing division of E.ON Ruhrgas AG. We also acted for Deutsche Bank in the provision of staple financing;
Acting for CIBC and UBS Limited, as mandated lead arrangers on the €345 million acquisition financing (comprised of €320 senior and €25 million mezzanine facilities) supporting PAI partners on the acquisition of shares in FTE Automotive GmbH and FTE Verwaltungs GmbH, a German automotive components manufacturer;
Advising Akbank’s Malta office in connection with a US$250 million loan to Turkish State Petroleum Company, the national oil and gas company of Turkey, for a capacity increase at the Azeri-Cirali-Gunesli oil basin, Shah Deniz area and Sourt Caucasus Pipeline, that are all part of the Baku-Tiflis-Cayhan pipeline;
Acting for Tokyo Mitsubishi International as arranger in relation to the expansion of an existing trade receivable securitisation programme for a German corporate to include purchase of receivables originated by subsidiaries of the parent incorporated in the UK, Switzerland, Belgian, Netherlands, Belgium and involving obligors in 16 European jurisdictions. Structure involving setting up of an Irish SPV as purchaser funded by secured loan from a CP conduit;
Acting for BankOne NA as arranger in relation to the expansion of an existing trade receivable securitisation programme for a US corporate to include purchase of receivables originated by subsidiaries of the parent incorporated in the UK and Italy using a true sale whole turnover structure to provide for sale of existing and future receivables in the UK. The Italian transaction was structured under Law 52 (the Italian factoring law) to achieve the sale of future as well as existing receivables;
Acting for Nordic Bank Finland Plc, New York Branch and DnB Nor Bank ASA as lead arrangers of a US$500 million syndicated ship financing facility to a leading tanker owner and fleet operator. One of the few “super sized” ship financings in the market, the facility was secured by 16 vessels;
Acting for KBC Bank NV (as Agent) in relation to the administration of the TXU Group in connection with facilities made available to TXU Europe Finance Limited (guaranteed by TXU Europe Group plc) under a US$220 million letter of credit reimbursed facility; and
Acting for Deutsche Bank AG and Citibank International plc as mandated lead arrangers of a US$360.25 million syndicated term loan facility to Bank TuranAlem of Kazahkstan.

Bars and Courts
England and Wales, 1991

Education
LPC, College of Law in Chester, 1987
LLB, Leeds University, 1984

Languages
English

Citizenship
British