DLA Piper has advised Flick Energy Limited on its $46 million strategic capital raising from Z Energy Limited
The capital raising included a $15.6 million subscription for newly issued shares and a $30.4 million acquisition of existing shares giving Z Energy a 70% stake in Flick.
Partner Rachel Taylor and senior associate Geoff Ward-Marshall led the DLA Piper team advising Flick.
International law firm Berwin Leighton Paisner (BLP)* have advised 3W Power S.A. on the development, coordination and implementation of its comprehensive balance-sheet restructuring. The restructuring process lasted 13 months and was successfully completed this week with the effective notarial acknowledgement of the company’s cash increase and amendments to the super senior financing documents.
London—Dentons has advised Bilby Plc ("the Group"), the AIM-listed gas heating, electrical and building services provider, on the share sale by its founder and Deputy Chairman, Phil Copolo, following his decision to retire from the business and resign from the Board.
London—Dentons has advised longstanding client Hurricane Energy plc, the oil exploration and production company focused on fractured basement reservoirs, on the farm-out of 50 per cent of its interests in the Lincoln and Warwick assets (collectively known as the Greater Warwick Area) to Spirit Energy Limited. Spirit Energy is an independent exploration and production operator which was formed by the combination of Centrica plc's E&P business and Bayerngas Norge AS.
Linklaters has advised Triton Knoll Offshore Wind Farm Limited (“Triton Knoll”), on the project financing of the Triton Knoll Offshore Wind Farm. The total planned investment comprises in excess of £2bn, including debt facilities from a total of 15 banks. Financial Close was achieved today.
CMS advises the Motorex-Bucher Group on the acquisition of a 50% stake in Motorex AG Langenthal, which specialises in industrial lubricants, from its former joint venture partner Fuchs Petrolub. Both companies have grown significantly, both nationally and internationally, over the past four decades. Both of them are grateful for the former partnership but intend to go separate ways in future.
A team from CMS Switzerland led by Stefan Brunnschweiler advised Motorex-Bucher on all legal matters of the transaction.
CMS Switzerland
London—Dentons has advised Centrica Storage Limited ("CSL"), a wholly-owned subsidiary of Centrica plc, on its entry into construction, tie-in and processing arrangements with the Tolmount joint venture and infrastructure partners (Premier Oil, Dana Petroleum and Humber Gathering System Limited) to process gas from the Tolmount field in the Southern North Sea.
Herbert Smith Freehills has advised Santos on the acquisition of West Australian-based Quadrant Energy for US$2.15 billion. Quadrant, which is one of the largest oil & gas producers in Western Australia, is jointly owned by Brookfield Asset Management, Macquarie Capital, Wesfarmers, AMB Holdings and Quadrant management.
Watson Farley & Williams (“WFW”) advised independent Namibian oil and gas explorer Azinam Ltd (“Azinam”) on its divestment to ExxonMobil Namibia (PEL 44) Ltd, an affiliate of ExxonMobil Corporation, of a 30% stake in Petroleum Exploration Licence 44 (“PEL 44”) offshore Namibia. The transaction remains subject to governmental approval and other conditions.
Herbert Smith Freehills has advised Infigen Energy on contracting for the construction and installation of a new 25MW / 52MWh Battery Energy Storage System (BESS) to be located next to Infigen’s 278.5MW Lake Bonney Wind Farm, near Millicent in South Australia.
Herbert Smith Freehills also advised Infigen on funding agreements with the SA Government and the Australian Renewable Energy Agency (ARENA) to co-fund the approximately A$38 million development. The SA Government and ARENA have each committed A$5 million in grant funding (A$10 million in total).