Simpson Thacher is advising Blackstone Real Estate Partners V in connection with its acquisition of Hotel Investment Partners (“HI Partners”), a subsidiary of Banco Sabadell, for €630.7 million (US$744.2 million). HI Partners owns a portfolio of 14 primarily coastal hotels with over 3,700 rooms in Spain’s most popular tourism destinations. The transaction is subject to customary closing conditions and regulatory approvals.

The Simpson Thacher team includes Wheatly MacNamara, Tom Lloyd and Alexandra Morris (Real Estate).

Clifford Chance advised GSO Capital Partners LP (“GSO”), the global credit investment platform of The Blackstone Group L.P., on the fundraising of an opportunistic credit fund, GSO Diamond Portfolio Fund. The fundraising process took less than two months and resulted in a "one and done" fund closing on approximately US$950 million in capital commitments.

A multidisciplinary team from Berwin Leighton Paisner (BLP) have advised on the sale of Retirement Villages Group, the UK’s largest retirement village operator with 14 active communities and a pipeline of developments. The buyers were AxA, the French institutional investment group (which will operate the village developments) and the UK’s largest care home operator, HC-One Limited (which will operate the regulated care home business).

Gide advised Gecina on its tender offer on three series of notes due respectively in 2019, 2021 and 2023, for a total amount of approximately EUR 274 million.

Simultaneously, Gecina issued EUR 700 million 1.375 per cent. notes due in 2028 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Arnaud Duhamel (partner), assisted by Laurent Vincent (counsel), Aude-Laurène Dourdain and Louis Ravaud.

The bank syndicate was assisted by Allen & Overy.

Gide advised Gecina on its tender offer on three series of notes due respectively in 2019, 2021 and 2023, for a total amount of approximately EUR 274 million.

Simultaneously, Gecina issued EUR 700 million 1.375 per cent. notes due in 2028 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Arnaud Duhamel (partner), assisted by Laurent Vincent (counsel), Aude-Laurène Dourdain and Louis Ravaud.

The bank syndicate was assisted by Allen & Overy.

Freshfields Bruckhaus Deringer LLP (Freshfields) advises HOCHTIEF AG (HOCHTIEF) on its intended takeover of Abertis Infraestructuras, S.A. (Abertis).
 
The transaction is intended to be implemented by way of a voluntary takeover offer to the Abertis shareholders. The offer made by HOCHTIEF consists of a combination of a cash payment and the exchange of Abertis shares into HOCHTIEF shares, and provides for a total consideration in a double-digit billion amount.
 

Clifford Chance advised Griffis Residential on its first institutional capital raise, Griffis Premium Apartment Fund IV, which raised $407 million and closed on September 1, 2017. Griffis Residential’s new multifamily fund beat its target by more than $100 million.

Greenberg Traurig Germany advised The Carlyle Group (Carlyle) on the sale of the project development "The East" in Frankfurt's East End. The ensemble of buildings was sold to the Zurich Group by way of a share deal.

"The East" offers a total of 52,000 square meters of floor space and combines residential and office units, retail space and a hotel. The property is located in an urban area that is to be further developed.

Greenberg Traurig Germany has provided comprehensive advice on all legal aspects of the cross-border transaction.

Background:

Skadden represented Invincible Investment Corporation in its Rule 144A/Regulation S offering of investment units.

Dentons has advised Triuva Kapitalverwaltungsgesellschaft mbH on the acquisition of Green Day, one of the largest and newest office buildings in Wroclaw, western Poland, for approx. EU48.5 million. The seller was a Luxembourg fund advised jointly by GLL Real Estate Partners and Investec Bank PLC.