Eversheds Sutherland recently acted for Kohler’s UK-based uninterruptible power supply (UPS) sales and service company Uninterruptible Power Supplies Limited on the acquisition of Pure Power Systems. Pure Power Systems is a Dublin based distributor and maintenance service provider of UPS systems. Kohler is one of the largest privately held companies in the US and operates across a number of business areas including kitchen & bath, engines and generators and golf and destination resorts.
 

The European Investment Bank (EIB) finances €75 million to upgrade the Barcelona ZAL Port’s logistics facilities

Cilsa, the management company of the Port of Barcelona’s logistics zone (ZAL), has entered into a €75 million loan agreement with the European Investment Bank (EIB) to build new logistics and warehousing facilities, which will allow it to increase its capacity and improve its efficiency and sustainability.

Haavind has advised the French leading geoscience company CGG with all aspects of its Marine fleet restructuring in Norway, including the establishment of a joint venture with its longstanding partner Eidesvik Offshore ASA.

The main purpose of the comprehensive restructuring by CGG was to establish a new ship owning joint venture structure, including a holding company and two ship owning entities comprising in total seven seismic vessels. The successful restructuring required considerable corporate reorganisations both within and outside the current structure.

King & Wood Mallesons (KWM) has advised Origin Energy on the sale of its Darling Downs Solar Farm project in Queensland to APA Group.

Under the terms of the transaction, Origin will purchase all power from the 110MW Queensland solar farm once it becomes operational in 2018 until 2030. Origin will also acquire the associated Renewable Energy Certificates.

Herbert Smith Freehills has advised State Grid Corporation of China on its latest medium term multi-tranche bond programme, worth US$7.7 billion in total.

The first draw down under the programme raised US$5 billion last week, the largest G3 bond this year, and the largest bond issue ever by a Chinese State-owned enterprise.

Herbert Smith Freehills has acted for ACCIONA Energy in the offtake arrangements for its 132MW Mt Gellibrand Wind Farm now under construction between Colac and Winchelsea in Victoria.

Mt Gellibrand Wind Farm was a winner of the Victorian Government LGC purchasing tender held in 2016 under which the Victorian Government will purchase the large-scale Renewable Energy Certificates generated by 66MW annually of the new wind farm’s electricity generation for up to 10 years.

We advised Norsepower Oy, a Finnish clean-technology and engineering company, in the delivery of its ground-breaking wind rotor propulsion system for Viking Line’s passenger cruise ferry M/S Viking Grace. The M/S Viking Grace, which currently operates in the Baltic Sea between Turku, Finland, and Stockholm, Sweden, will be retrofitted with a rotor sail that is 24 metres high and 4 metres in diameter.

Mayer Brown advised PT Indika Energy Tbk, a leading integrated Indonesian energy group, on its recent issuance of US$265 million 6.875% senior notes due 2022. The transaction marked a strong return to the international bond markets for Indika Energy, and ratings agencies have positioned Indika Energy for ratings upgrades following the successful completion of the deal.

Watson Farley & Williams (“WFW”) has advised AIM and TSXV listed Mariana Resources Limited (“Mariana”) on its £166.85m combination (the “Combination”) with Sandstorm Gold Ltd (“Sandstorm”), which is listed on NYSE MKT and TSX.

Global law firm White & Case LLP has advised Saudi Arabian Oil Company (Saudi Aramco) on the establishment of its first Sukuk Issuance Programme (Programme) for the issuance of up to SAR 37.5 billion (US$10 billion) sukuk, and its debut SAR 11.25 billion (US$3 billion) Sukuk (Sukuk) issuance thereunder.