DLA Piper has advised Australian online travel business Webjet Limited on its $240 million purchase of UAE based Destinations of the World and related fully underwritten entitlement offer to raise $153 million. Destinations of the World was sold by Abu Dhabi based private equity fund Gulf Capital.
DLA Piper represented LaSalle Investment Management (LaSalle) in the agreement to make a majority acquisition of the US$1.2 billion debt fund business of Latitude Management Real Estate Investors (Latitude). The transaction is subject to customary closing conditions and is expected to be completed during the first quarter of 2019.
Latitude is a US-based commercial real estate lender providing short term, floating rate loans against middle-market commercial real estate assets owned by sponsors seeking targeted real estate solutions.
Dechert advised Differential Brands Group Inc. (NASDAQ:DFBG), a portfolio of global consumer brands comprised of Hudson, Robert Graham and SWIMS, to acquire from Global Brands Group Holding Limited, a Hong Kong listed company (SEHK Stock Code: 787) a significant part of its North American licensing business for a purchase price of $1.2 billion. The transaction includes licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.
DWF is advising leading real estate investment trust company, LXi REIT, on a number of high-profile transactions across the UK, totalling £109m.
Ashurst Brussels advised Tritax EuroBox plc (Tritax) on its acquisition of logistics assets at Rumst and Bornem, Belgium
Ashurst Brussels acted as legal advisor of Tritax, a UK listed special investment trust which invests in Continental European logistics real estate, in relation to its acquisition of two logistics parks located in Belgium.
Watson Farley & Williams (“WFW”) advised long-term client Chaarat Gold Holdings Ltd (“Chaarat”) on the acquisition by one of its wholly-owned subsidiaries, Chaarat Gold International Limited (“CGIL”), of Kapan Mining and Processing CJSC (“Kapan”), which owns a medium-sized polymetallic mine in the Republic of Armenia, from PMTL Holding Ltd. (“Polymetal”), a subsidiary of Polymetal International plc.
Allen & Overy has advised science-based pharmaceutical company Grünenthal on its acquisition of AstraZeneca’s European rights to prescription Nexium and the global (excluding the US and Japan) rights to Vimovo for a total maximum consideration of USD922 million, including milestones. The transaction marks the single biggest investment in Grünenthal’s history, significantly strengthening the company’s position as a worldwide leader in innovative pain management and related therapies.
DLA Piper has advised a special real estate alternative investment fund, managed by KGAL Investment Management GmbH & Co. KG, on its acquisition of the Seerhein-Center in Konstanz, for an undisclosed purchase price. The fund is an internationally oriented special real estate AIF.
Watson Farley & Williams (“WFW”) advised Aban Singapore Pte. Ltd (“Aban Singapore”), a wholly owned subsidiary of India’s Aban Offshore Ltd (“Aban Offshore”), on its acquisition, via its wholly-owned subsidiary Caldera Petroleum, of a 100% interest in two oil and gas blocks in the UK North Sea for a non-cash consideration of US$75m.
The two blocks, 15/13a and 15/13b are both within licence P198, 155 miles north-east of Aberdeen and believed to contain reserves of 60m barrels.
A global team from Debevoise & Plimpton, led from Hong Kong, has advised Resolution Life in its AUS$3.3 billion acquisition of the Australian and New Zealand wealth protection and mature businesses of AMP Limited.
The transaction is a cash and non-cash deal, comprising of AUS$1.9 billion in cash, AUS$300 million in AT1 preference shares in AMP Life, and AUS$1.1 billion in non-cash consideration. Subject to regulatory approvals, the transaction is expected to complete in the second half of 2019.