Global legal practice Norton Rose Fulbright has advised Brookfield Renewable Energy Partners on an agreement to acquire 17 wind power projects from Republic of Ireland-owned Bord Gais Energy for approximately €700 million.
K&L Gates LLP has advised global credit manager Marathon Asset Management on the acquisition of a €280m continental European commercial property loan portfolio from Lloyds Banking Group. Known as Project Aberdonia, the transaction covers a portfolio secured by 82 properties primarily in France and Germany, and follows last year’s acquisition by Marathon Asset Management of the Lloyds Project Chamonix loan portfolio.
DWF has advised Liverpool City Council on its acquisition of the iconic Cunard building from Merseyside Pension Fund, in a move which is set to deliver massive savings and income for the authority.
In an excellent example of cross-border and cross-practice collaboration, our Madrid Energy team recently worked with our Corporate and Tax team in The Hague to advise YPF S.A., Argentina's largest oil company, on the acquisition of Luxembourg holding companies with indirect rights and interests in the group's Argentinian upstream and downstream assets. These were purchased from US-based company Apache Corp. for a total of USD 800 million.
Ashurst advised Tre Solar, a joint-venture between Ardian and Gruppo Tozzi, on the acquisition of a 11 MWp solar plant located in the Emilia Romagna region, Italy. The acquisition follows the joint-venture established between the private equity fund and the Italian group in 2007 and further enhanced in 2011 to invest in renewable energy.
The Ashurst team, led by Carloandrea Meacci, Partner, also included senior associate Annamaria Pinzuti.
Clifford Chance advised French cosmetics group L'Oréal S.A., Paris, on the acquisition of trademarks Decléor and Carita from Japanese manufacturer Shiseido Co., Ltd. The purchase price amounts to EUR 230 million. The transaction is subject to the approval from the antitrust authorities.
Decléor and Carita are two of the world's leading trademarks for professional skin and hair care in beauty parlours. In 2012, the turnover generated for both trademarks amounted to approx. EUR 100 million.
Trowers & Hamlins has advised long-standing client Aviva Investors on its latest deals to fund 395 affordable homes. The £30 million tranche of funding will see 217 residential properties funded in South Yorkshire for Alliance Housing Limited (a newly founded subsidiary of South Yorkshire Housing Association) and 178 residential properties in Oxfordshire for GreenSquare Community Homes Limited (a subsidiary of GreenSquare Group Limited).
Clyde & Co's global aviation finance team has advised Indian low cost carrier and fourth-biggest airline by market share, SpiceJet, on the purchase of 42 Boeing 737 MAX jets. Valued at USD 4.4 billion manufacturer list price, the order is the first purchase of Boeing 737 MAX jets in the Indian Subcontinent.
Eversheds has advised Legal & General (L&G) on investing £252m with Places for People (PfP) to help build 7,000 new homes.
Global law firm White & Case LLP is advising the Italian subsidiary of Corporacion America, the Argentine holding company, on mandatory and voluntary offers for two listed Italian airports.