White & Case Advises Bank Consortium on Financing for the Acquisition of EVG with Its Gas Distribution Network
Global law firm White & Case LLP has advised a consortium of banks including, among others, CIBC, Crédit Agricole CIB, ING Bank, SEB AG and Scotiabank as arrangers of the financing for the acquisition of Erdgasversorgungsgesellschaft Thüringen-Sachsen mbH (EVG) and its gas distribution network.
EVG owns a 1,168km high pressure gas distribution network in the German states Thuringia, Saxony, Saxony-Anhalt and Hessen. It is being acquired by the European Diversified Infrastructure Fund (EDIF) of First State Investments, the global asset manager of the Commonwealth Bank of Australia, from E.ON SE and Verbundnetz Gas Aktiengesellschaft.
White & Case previously advised the arrangers of the financing for the acquisition of Ferngas Nordbayern GmbH and its high-pressure gas distribution network by EDIF.
The international White & Case team which advised on the transaction was led by partner Florian Degenhardt and included local partner Matthias Bochum, associates Matthias Grigoleit, Dr. Alexander Nefzger and Dr. Karl-Alexander Neumann (all Hamburg) as well as counsel Alexander Born (Frankfurt) and local partners Dr. Florian-Alexander Wesche and Dr. Tobias Woltering (both Düsseldorf). Advice from the White & Case office in London was provided by partners Ingrid York and David Barwise and associates Richard Blackburn and Laura Spota.
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