DLA represented Pacific DataVision, Inc., a provider of mobile workforce management solutions, in a 144A offering of shares of its common stock worth US$218 million. The firm also represented Pacific DataVision in its US$100 million acquisition of FCC spectrum licenses from Sprint Corporation, as well as its licensing transaction of US$17.5 million by Motorola Solutions, Inc.
Watson, Farley & Williams has advised TWG Tanklager Wilhelmsburg GmbH (“TWG”), a subsidiary of Lampe Equity Management GmbH (“LEM”), on the acquisition of a storage tank facility in the Hamburg harbour.
Olswang has advised Sun Capital Partners on the acquisition of 43 Strada restaurants from the Tragus Group for £37 million. The Strada business comes with its existing management team, led by James Spragg and Zoe Tindall, and this team will work closely with Sun Capital, which has substantial experience in building successful restaurant chains.
Customers will see updating of the menu within a few weeks and investment in selected premises, but the full programme will roll-out in the New Year.
Clifford Chance has advised Spectrum Brands Holdings, Middleton, USA on the acquisition of Procter & Gamble's European Pet Food Business. The purchase includes the well-known cat and dog food brands IAMS and Eukanuba. To date, P&G's sale of pet food generated a turnover of USD 200 million (about EUR 156 million) in Europe. Spectrum Brands hopes to further expand its pet food business which is bundled under the United Pet Group by gaining a clearly enhanced access to the European market through this acquisition.
Shoosmiths has advised McKay Securities plc on the purchase of Station Plaza, Theale, UK a major office development in the heart of the popular Thames Valley town.
McKay is a real estate investment trust (REIT) specialising in office and industrial property in London and the south-east of England.
Linklaters has advised Vodafone on the purchase of 140 Phones4U stores from administrators, PricewaterhouseCoopers, saving almost 900 jobs. The Linklaters team advising Vodafone on the deal was led by Restructuring & Insolvency partner Richard Hodgson and included managing associate James Warboys and associate Damien Gomez and Real Estate partner Mark Burgess-Smith.
Linklaters has acted on a number of high profile administrations of high street retailers recently, including on the administrations of HMV, GAME Group, Habitat, Blockbusters, La Senza and Woolworths.
Clifford Chance has advised Amundi Real Estate, Paris, on the acquisition of the "Kühnehöfe" office building in Hamburg for a real estate investment fund from GE Real Estate. The parties agreed not to disclose the purchase price.
The "Kühnehöfe" building is located in Hamburg's Altona-Bahrenfeld district and its anchor tenants are E.ON and Oracle. The total rental space amounts to approx. 12,000 sqm of residential and office areas.
Watson, Farley & Williams (ʺWFWʺ), a leading international law firm, is pleased to announce that it has advised Frasers Hospitality Group (“Frasers Hospitality”) on the negotiation and conclusion of a real estate purchase agreement regarding a serviced apartments project development from HOCHTIEF Projektentwicklung GmbH.
Redefine International, advised by leading international law firm Pinsent Masons, has purchased the Doubletree by Hilton hotel in Edinburgh city centre for £25.2 million, representing a net initial yield of 6.7%.
DLA Piper has advised Blackstone on the acquisition of a pan-European portfolio of 18 logistics assets from SEB Investment GmbH ('SEB'), valued in excess of €275 million. The transaction is the most geographically diverse logistics portfolio to ever be sold in Europe.
The 18 property portfolio is spread across eight European countries: Austria; France; Germany; Hungary; the Netherlands; Norway; Spain and the United Kingdom.