King & Wood Mallesons has advised EDP Renewables Europe, a subsidiary of leading renewable energy company EDP Renováveis (EDPR), on the sale of a 49% stake in an asset portfolio of 23 onshore wind projects in Spain, Portugal, France and Belgium.

The 49% stake of the portfolio is being sold to Vortex, a fund led by Middle East investment bank EFG Hermes, for €550 million with completion anticipated in 2Q16. The full enterprise value of the total portfolio amounts to more than €1 billion.

Eversheds Saladzius advises Fortum on a substantial joint venture project between Fortum and Lietuvos Energija for co-generation power plant development. We advise Fortum on shareholders agreement, corporate structuring, other significant corporate and commercial matters. This is the most important strategic project in the energy sector in Lithuania in 2015-2016, involving development of combustion (incineration plants) producing heating and electricity (investments more than EUR MIO 100).

It was announces May 3, 2016 that Lundin Petroleum acquires Statoil's stake of 15% in the Edvard Grieg field. As part of the transaction Statoil increases its ownership in Lundin Petroleum to 20.1 percent.

Statoil’s stake in the Edvard Grieg field includes a 9% stake in the Edvard Grieg oil pipeline and 6 % share in Utsira gas pipeline.

Slaughter and May advised Ensco PLC on a placing of ordinary shares to raise approximately $606 million. The placing, which closed on 20 April 2016, was underwritten by Morgan Stanley and Goldman Sachs and included a 15% over-allotment option that was exercised by the underwriting banks. Ensco is a global provider of offshore drilling services to the petroleum industry. It is incorporated in the UK and listed on the New York Stock Exchange.

Slaughter and May worked with Baker Botts who advised Ensco on US law aspects. Davis Polk advised the underwriting banks.
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Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of 65,550,000 Class A ordinary shares of Ensco plc. Included in the shares are 8,550,000 shares sold by Ensco plc pursuant to the underwriters’ exercise in full of their option to purchase additional shares. The gross proceeds from the offering were approximately $606.3 million. The Class A ordinary shares are listed on the New York Stock Exchange under the symbol “ESV.”

Schoenherr, a leading corporate law firm in Central and Eastern Europe, together with Clifford Chance, Moscow, advised Terim Limited (Cyprus) and 01 Group Limited (Cyprus) as Sellers, on the sale of a 26 % participation in CA Immobilien Anlagen Aktiengesellschaft ("CA Immo"), listed at the Vienna Stock Exchange, to IMMOFINANZ AG ("IMMOFINANZ").

London—Dentons has advised Hurricane Energy plc, the UK-based oil and gas company and fractured basement specialist, on a £52.1 million capital raising to fund its 2016 North Sea drilling programme. Funds managed by Kerogen Capital, an independent private equity fund manager specialising in the international oil and gas sector, will inject approximately £44 million into Hurricane with the balance of the capital being raised through a placing, managed by joint bookrunners Cenkos Securities and Macquarie Capital, to existing institutional investors.

TE Connectivity Ltd. (NYSE: TEL), a Swiss domiciled world leader in connectivity and sensors, agreed to acquire Jaquet Technology Group, a Swiss domiciled global engineering and manufacturing company, specialized in providing speed sensors and complete system solutions in the automotive, power generation, railway, marine, mobile hydraulics and industrial machinery markets.

Freshfields Bruckhaus Deringer has advised Vattenfall on the sale of its German lignite operations to Czech energy company EPH with its financial partner PPF Investments

- Sale of Vattenfall’s entire German lignite business to Czech buyer
- Comprehensive corporate restructuring of Vattenfall’s business areas
- Largest European energy transaction in 2016

Von Roll Holding AG completed the placement of CHF 150 million 1.00% convertible bonds due 2022. The bonds were issued at 100% of their principal amount and, unless previously redeemed, converted or repurchased and cancelled, will mature on 11 April 2022 at 100% of their principal amount. The allocation of the bonds included a claw-back by existing shareholders who were granted the right to exercise their advance subscription rights.