29 April, 2016, King & Wood Mallesons advised Zhejiang Haers Vacuum Containers Co., Ltd. (Haers, stock code: 002615) on acquiring 100% assets of SIGG Switerland Bottles AG (SIGG) for CHF 16.1 million (around US$16.874 million) in cash through its wholly-owned subsidiary in Hong Kong. The transaction marks the first cross-border M&A by a private enterprise in China’s vacuum containers industry.
Allen & Overy LLP announced today that it has advised SN Power AS, the state-owned Norwegian company and one of the world’s leading international hydropower firms, on its acquisition of an interest in the Bujagali hydropower project (“Bujagali”) in Uganda from SG Bujagali Holdings, Ltd (“SGBH”).
CMS has advised a global investment manager and DDM AG on the acquisition of VR Leasing Group’s Hungarian subsidiary company, Lombard Pénzügyi és Lízing Zrt. (Lombard Lízing) via acquiring their NPL and subpar retail portfolio of auto loans.
DDM Group is a multinational investor and manager of distressed debt with particular focus on distressed asset portfolios in Eastern Europe, handling c. 2.3m contracts with a value of around EUR 2bn.
Gleiss Lutz has advised global real estate management firm Invesco Real Estate and BNP Paribas REIM on the acquisition of Designer Outlet Wolfsburg for state pension fund Bayerische Versorgungskammer. The designer outlet centre was sold by Europa Capital LLP and Hans Dobke, managing director of Outlet Centres International, who retains a minority interest. Invesco Real Estate will manage the centre together with Outlet Centres International. The transaction was closed on 29 April 2016.
Frankfurt am Main - On 1 May 2016, Metropolitan Equity Partners Management, LLC.,acquired the main plant of the bankrupt Wismar firm German Pellets GmbH. The US financial investor chose law firm Luther to guide it through the process. Once again, Luther was able to provide its expertise in the field
of restructuring/distressed M&A to successfully fulfil this mandate.
Mayer Brown JSM acted as the legal adviser for Dah Chong Hong (DCH) on its acquisition of Li & Fung's consumer and healthcare distribution business in mainland China, Hong Kong, Macau, Taiwan, Thailand, Malaysia, Singapore, Philippines, Indonesia and Brunei. The acquisition has a total cash consideration of US$350 million, subject to working capital adjustments on a cash-free, debt-free basis. The acquisition is expected to be completed by June this year.
Travers Smith LLP has advised Alteri Investors, a leading specialist investor in and lender to the retail industry, on the acquisition of the outstanding shareholder loan notes and the entire share capital of Gajan Holdings, the ultimate holding company of clothing retailers Austin Reed, CC and Viyella.
Axel Johnson International, a part of the Axel Johnson Group, has through its subsidiary AxLoad entered into an asset purchase agreement to acquire Cables y Eslingas' steel wire rope and lifting equipment distribution business. Cables y Eslingas is a part of the Celsa Group.
Gjensidige has agreed to acquire the Swedish insurance portfolio of Vardia Insurance Group.
Gjensidige has also entered into an agreement to acquire Vardia Försäkring. Vardia Försäkring has about 125 employees and is e.g. a general agent for Vardia Insurance Group in Sweden.
Gjensidige is a leading Nordic general insurance company.
Contentus has acquired the Åhléns property in Ystad from Cornerstone, Nordic Retail Fund. The property, which to some extent is a property for development purpose, has a leasable area of 5,435 sq. m.
Setterwalls's team was led by
Anders Frick