November 24 2015 - The AL-KO business unit Vehicle Technology of AL-KO KOBER SE resident in Koetz near Augsburg,(Germany), and axle manufacturer Dexter Axle from Elkhart, Indiana (USA), are being merged under the roof of the future "DexKo Global Inc.". The transition is scheduled for 01.01.2016. AL-KO Kober SE shall contribute to DexKo its business unit Vehicle Technology and shall receive in return shares in the new company.
Planning and Energy sector experts from Burges Salmon have advised Snowdonia Pumped Hydro on its application for a £160 million 99.9MW output pumped hydro-electric storage facility at Glyn Rhonwy near Llanberis in Snowdonia to the Planning Inspectorate.
Macfarlanes has advised leading Luxembourg-based fintech company MyBucks on the acquisition of six banks in Ghana, Kenya, Mozambique, Malawi, Tanzania and Uganda from international NGO Opportunity International.
Slaughter and May is advising Legal & General Pensions Limited on the acquisition and forward funding of Wales Broadcasting House, the new 150,000 sq ft headquarters of BBC Wales. Following practical completion of the new building, the BBC will be granted a 20 year lease with five yearly RPI linked rent reviews.
The building will be developed by Rightacres Property Co. Limited, and triggers the first phase of Legal & General’s investment in the regeneration of Central Square, Cardiff announced in September 2015.
London – Paul Hastings LLP, a leading global law firm, has advised on three major transactions which all closed on the same day.
Noerr has advised Inflexion Private Equity on the joint acquisition of the global animal and crop health division of the market research group GfK. The British investor takes over this division with its global market research activities alongside with the current management under the lead of Stephen Hearn by way of a carve-out.
The transaction is expected to be completed in the first quarter 2016. It is planned that all 220 staff members will remain with the carved-out division.
Advising Klésia in connection with the sale to Gecina of the office tower « Tour Van Gogh » located in Paris 12 (Gare de Lyon) with a surface area of 19.000 sq.m.
CONTACTS
* Albane Duret-Ferrari
* Amandine Joulié
* Emmanuel Chauve
* Guillaume Rossignol
International law firm Olswang’s London Real Estate team has advised Cornerstone Real Estate Advisers Europe on the purchase of the Davidson Building, a landmark Edwardian building in the heart of London’s Covent Garden. The £66.2m investment forms part of Cornerstone’s strategy to establish a portfolio of core real estate assets across Europe.
Gleiss Lutz has advised Danish pharma company Leo Pharma on its acquisition of the global dermatology portfolio from Japanese pharmaceuticals manufacturer Astellas Pharma Inc. The deal is worth EUR 675 million. Closing of the transaction is still subject to approval by the antitrust authorities and expected during the first quarter of 2016.
INTERNOS Global Investors (INTERNOS), the pan-European, owner-run real estate fund manager has acquired the Mercure Hotel in the centre of Hannover for INTERNOS Hotel Immobilien Spezialfonds (INTERNOS Hotel Special Fund). King & Wood Mallesons’ (KWM) hotel team advised INTERNOS Hotel Special Fund on the transaction.
The seller was a fund managed by E&P Real Estate GmbH & Co. KG, based in Cologne, Germany. The hotel is leased on a long term basis to the ACCOR Hotel group.