News | Private Equity

SJ Berwin Advises Cannacord Capital (Europe) Raising $25 Million of Rescue Finance to Recapitalise Navan Mining

Wednesday 20th February 2002

In a race against time, SJ Berwin advised Canaccord Capital (Europe) Limited raising $25 million of rescue finance to recapitalise Navan Mining plc. Navan Mining is a focused European gold and base metals explorer and producer with a major focus on a gold discovery at Krumovgrad in Bulgaria. The SJ Berwin team was led by Philip Goldenberg. Navan Mining was represented by a Clyde & Co team led by Martin Byatt. Pii Ketvel of Clyde led for Navan, and Jonathan Brownson of Allen & Overy and his team advised a bank syndicate led by Deutsche Bank, on the restructuring of Navan's $36 million of bank indebtedness, and the conversion of one-third of it into new equity.

Notes:

• SJ Berwin is a full-service international legal practice with more than 470 lawyers across its offices in London, Brussels, Frankfurt, Berlin, Munich, Madrid and Paris.
• SJ Berwin has recently been shortlisted for the Legal Business Awards 2002 in the categories of corporate, property, and planning, as well as for "Most Enterprising Law Firm of the Year". It has also been nominated for the UK Technology Awards 2002 "UK Technology Law Firm of the Year".
• SJ Berwin has recently won the European Venture Capital Journal Award for Private Equity Law Firm of the Year 2000, Law Firm of the Year and Property Team of the Year at The Lawyer Awards 2000, and Competition Team of the Year at the Legal Business Awards 2000.

 

Back to news