Clifford Chance Badea has advised ROCKWOOL Romania during negotiations with CON-A Sibiu of the construction contract for a factory in Ploiesti, an initial investment of 50-million Euro that will represent the Danish group's first stone wool factory of Romania.
Gide advises Legrand, global specialist in electrical and digital building infrastructures, on the contemplated acquisition of a majority stake in the share capital of Debflex, a French frontrunner in electrical equipment for DIY activities.
Clayton Utz has advised ASX-listed Fleetwood Corporation Limited (Fleetwood) on its $60 million raising via a $22 million placement to sophisticated and institutional investors and a $38 million (1 for 2.9) accelerated non-renounceable entitlement offer, announced to the market today. The raising is fully underwritten by Euroz Securities Limited.
Perth corporate advisory/M&A partner Mark Paganin and special counsel Liz Humphry led the Clayton Utz team, which included lawyer Ben Depiazzi.
Clayton Utz has advised ASX-listed Fleetwood Corporation Limited (Fleetwood) on its $60 million raising via a $22 million placement to sophisticated and institutional investors and a $38 million (1 for 2.9) accelerated non-renounceable entitlement offer, announced to the market today. The raising is fully underwritten by Euroz Securities Limited.
Perth corporate advisory/M&A partner Mark Paganin and special counsel Liz Humphry led the Clayton Utz team, which included lawyer Ben Depiazzi.
International law firm Ashurst advised Tages Helios ("Tages"), the real estate investment fund managed by Tages Capital SGR, on the structuring of the HoldCo financing transaction for a photovoltaic portfolio with an installed power of up to approximately 140MW.
This is the third financing operation for Tages with an unprecedented structure based on a scheme typical of loans for real estate infrastructure funds, following the refinancing of the 9REN portfolio in December 2016 and the Sunreserve portfolio in July 2017.
Global, sector-focused law firm HFW has advised the Hellenic Republic Asset Development Fund (HRADF) on the €535 million sale of its 66 percent stake in Greek natural gas transmission system operator DESFA.
The stake will be acquired, subject to the satisfaction of regulatory conditions, by a consortium comprising Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A. – the natural gas transmission system operators in Italy, Spain and Belgium, respectively.
The deal implies a total equity value for DESFA of €810 million.
Slaughter and May is advising Glenveagh Properties PLC (“Glenveagh), an Irish homebuilder listed on Euronext Dublin and the London Stock Exchange, in connection with its firm placing and placing and open offer. The capital raise, which was announced on 17 July 2018, will raise gross proceeds of approximately €213 million which will be used by Glenveagh to fund future land acquisitions and the development of new and existing sites.
International law firm Bryan Cave Leighton Paisner (BCLP) has advised longstanding client King’s Cross Central Limited Partnership (KCCLP) on a pre-let to Facebook, which will take leases of 611,000 sq ft of office space at King’s Cross. Around 15% of the total commercial space at King’s Cross (4m sq ft) will be let in a single deal, marking the move as one of the biggest commercial deals in London this decade.
The Warsaw office of Hogan Lovells advised the Gdansk Shipyard Group sp. z o.o. on the sale of 81.05% of the shares in Stocznia Gdanska S.A. (the Gdansk Shipyard), and 50% of the shares in GSG Towers Sp. z o.o. to Agencja Rozwoju Przemyslu S.A. (the Industrial Development Agency).
As of July 19, 2018, Stocznia Gdanska S.A. (the Gdansk Shipyard) and GSG Towers Sp. z o.o. (a manufacturer of wind turbine towers) are now fully owned by companies from the Industrial Development Agency Group.
Dechert LLP advised Groupe Beneteau in the conclusion of an agreement with Polish yacht manufacturer Delphia Yachts, with a view to acquiring its operations designing, building and marketing sailing and motor yachts under the Delphia Yachts and Maxi Yachts brands and for other firms (including Groupe Beneteau). This acquisition will be made through a newly created Polish entity in which Delphia Yachts will retain 20% of the capital.