Former Kinstellar Senior Associate Gabor Gomori has joined Deloitte Legal Erdos and Partners as Head of Real Estate and former Dentons attorney Luca Bokor has joined the firm's Banking & Finance practice.
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The Esin Attorney Partnership and Baker McKenzie's Paris office have advised Akbank T.A.S. in relation to its USD 404,512,884 and EUR 738,271,106 Dual Currency Term Loan Facilities. Balcioglu Selcuk Akman Keki Attorney Partnership and Dentons advised Joint Coordinators and Bookrunners Bank of America Merrill Lynch International Limited, Emirates NBD Capital Limited, and ICBC Turkey Yatirim Menkul Degerler A.S. on the transaction. Bank of America Merrill Lynch also acted as Documentation Agent, while Emirates NBD Capital Limited acted as Publicity Agent and Mizuho Bank acted as Facility Agent.
CMS Budapest has advised Balbec Capital LP and APS Holding on the financing and acquisition of a non-performing loan portfolio of residential mortgages from UniCredit. The total claim value of the portfolio is HUF 42.7 billion, or approximately EUR 139 million. Reti, Antall & Partners — the law firm associated with PWC in Hungary — advised UniCredit on the deal, which is one of the first residential mortgage portfolio sale and purchase transactions on the Hungarian market.
Tark Grunte Sutkiene has advised Estonian company 1Home Group AS on its acquisition and takeover of management of a student hotel in Riga and its obtaining of EUR 8.4 million financing from AS DNB Banka for the expansion of its business of providing rental housing for students in the Baltics and Poland.