Cases & Deals

IB Daiwa Corp acquires Darcy Energy

Clients IB Daiwa Corporation

Jones Day advised IB Daiwa Corporation on its $57.5 million acquisition by reverse merger of Darcy Energy, Ltd, a company holding Gulf of Mexico lease interests offshore Louisiana. We also advised IB Daiwa and its significant shareholder Crosby Capital Partners on its equity contribution arrangements and the $60 million asset based acquisition and development financing from Bayerische Hypo- und Vereinsbank AG, comprised of a US$40 million reducing revolving senior facility and US$20 million mezzanine term facility.

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