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Asset Sale: Acquiror's Counsel

White & Case Advises LFPI on Acquisition of Alliance Hotel Group From Lone Star

28 Jul 2015

White & Case LLP has advised LFPI, one of the premier independent multi-strategy alternative asset managers in Europe, on its acquisition of Alliance Hotel Group from Lone Star.

The Alliance Hotel Group comprises 12 hotels, positioned as three and four star offerings, located in the Paris area and key regional French cities. The group operates under several brands including Mercure, Crowne Plaza and Best Western. In acquiring hotels with more than 1,900 rooms, LFPI will grow its hotel investment portfolio.

Hengeler Mueller advises Lupin on acquisition of product portfolio from Temmler

28 Jul 2015

Lupin Limited (“Lupin”), a leading Indian pharmaceutical company, announced on 24 July 2015 that it has entered into a strategic asset purchase agreement with Temmler  Pharma GmbH & Co. KG (“Temmler”) to acquire Temmler's specialty product portfolio. Temmler is part of the Aenova Group, a worldwide leading pharmaceutical contract manufacturer. Completion of the transaction is subject to customary closing conditions.

Ashurst advises Warburg-HIH Invest on the sale of a retail warehouse park in Bedburg to LaSalle

23 Jul 2015

Ashurst advised Warburg-HIH Invest Real Estate GmbH ("Warburg-HIH Invest") on the sale of a retail warehouse park in the German town of Bedburg to LaSalle Investment Management ("LaSalle"). The park was sold from the portfolio of the Warburg - Henderson Pan-Europa Fonds Nr. 1 investment fund for an undisclosed consideration. The disposal was concluded according to plan within the framework of the fund's disinvestment phase.

Mayer Brown advises Sinarmas Land Limited on the purchase of Alphabeta building

23 Jul 2015

Mayer Brown has advised one of Southeast Asia’s largest property development companies, Sinarmas Land Limited, on the purchase of the Alphabeta office building in Finsbury Square, London.

The 220,000 sq ft building, formerly known as Triton Court and located on the border of Shoreditch and the City, is a completely refurbished office building comprising high quality Grade A accommodation on the lower ground to eighth floors.

The property was sold by Resolution Property.

Ashurst advises AVEVA on its acquisition of selected Schneider Electric industrial software assets

21 Jul 2015

Ashurst is currently advising AVEVA Group plc ("AVEVA") on its acquisition of selected Schneider Electric SE ("Schneider Electric") industrial software assets ("Schneider Software"). As part of the transaction AVEVA will acquire Schneider Software and receive from Schneider Electric upon completion £550 million for consideration of new AVEVA shares to be issued to Schneider Electric, such that Schneider Electric will own 53.5% of the Enlarged AVEVA Group.

Herbert Smith Freehills advises Propertylink on Australian property acquisitions valued at A$300 million

21 Jul 2015

Herbert Smith Freehills has advised Propertylink on its A$300 million purchase of 320 Pitt Street, Sydney and portfolio of eight industrial properties across Australia.

Herbert Smith Freehills has advised Propertylink on its recent purchase of 320 Pitt Street, a landmark commercial asset in the Sydney Central Business District, and a portfolio of eight industrial properties across NSW, Victoria, Queensland and Western Australia.

Baker & McKenzie Advise On Australia's Largest Solar Storage Project

21 Jul 2015

Baker & McKenzie acted for Neoen, a leading French renewable energy company, on the acquisition and debt financing of the DeGrussa Solar Farm - a 10.6 MW solar PV project that will be integrated into the existing diesel generator facility to power the DeGrussa Copper Mine in remote Western Australia. This is Australia’s largest solar and battery storage project to date.

Mack Group acquires assets of Eggert GmbH

21 Jul 2015

The assets of the Burgrieden-based company Eggert GmbH were sold to Eggert CNC-Technik GmbH & Co. KG with effect from 1 July 2015. This meant that the chief restructuring officer, Ms. Martina Hengartner, managed to save the jobs and secure the future of the production site in Burgrieden. The new company has a workforce of 60 employees. Ms. Hengartner is a restructuring expert at PLUTA Rechtsanwalts GmbH and was acting as interim manager for the company Eggert following the introduction of debtor-in-possession proceedings.

Troy Corporation agrees to acquire industrial biocides assets of Ashland Inc. with the assistance of GvW Graf von Westphalen

21 Jul 2015

Ashland Inc. has agreed to sell its industrial biocides assets to Troy Corporation.  The transaction is expected to close within 60 days, contingent on standard closing conditions and completion of required employee information and consultation processes. During the course of this transaction, Troy will acquire industrial property, factory, intellectual property (IP) rights and other assets in the context of an asset deal.  The attorneys at GvW advised Troy on the German aspects of the transaction.