The Singapore and Almaty offices of global legal practice Norton Rose Fulbright are advising HanHong Private Equity, a Beijing based private equity fund, on its definitive agreement to acquire Kazakh oil and gas assets from the Tethys Petroleum Group.
Norton Rose Fulbright has assisted Cavaliere Brands (Italia) S.r.l., a company advised by Emerisque Brands UK Limited, on the acquisition of the entire business of Industries Sportswear Company S.p.A., including the well-known fashion brands Marina Yachting, Henry Cotton's, Coast Weber & Ahaus and the licence 18CRR81 Cerruti. Immediately after the completion of the acquisition, a special purpose vehicle owned by Moncler shareholders subscribed to a capital increase in Cavaliere Brands (Italia) S.r.l. and acquired a 30 per cent stake in its share capital.
DLA Piper has been advising Equinix, Inc., one of the world’s leading suppliers of data centre services, on the acquisition of the Kleyer 90 Carrier Hotel in Frankfurt. The seller is a private investor from Berlin. Through this transaction, Equinix is strengthening its market position in Frankfurt. It was only last year, with the support of DLA Piper, that the company acquired the German competitor ancotel GmbH, which is one of the leading European providers of network-neutral colocation and interconnection services.
Irwin Mitchell has advised an overseas investor and a privately-owned asset management company, Mercer Real Estate Partners on the acquisition of Mitre House, 160 Aldersgate Street, London EC2 for £64 million.
The building is more than 188,000 sq ft and is currently occupied by international lawyers CMS Cameron McKenna. The law firm is sole tenant and due to vacate the building at the expiry of its lease within two years.
Irwin Mitchell’s real estate team has acted on the acquisition of Market Gates Shopping Centre in Great Yarmouth by the Ellandi Retail Fund. The property was bought from administrators. Market Gates is an approximately 220,000 sq ft retail scheme in the heart of Great Yarmouth and was refurbished in 2008. It is anchored by Debenhams, New Look and Wilkinsons.
Debt funding for the acquisition was arranged by Chenavari Investment Managers.
Simpson Thacher is representing First Reserve Corporation in connection with its equity investment in an aggregate $1.7 billion fund-raising by American Energy - Utica, LLC ("AEU"). The proceeds of the fund-raising will be used by AEU to pursue a business plan focused on the Utica Shale play in eastern Ohio, including acquiring acreage of leaseholds and financing drilling operations which are expected to commence in the fourth quarter of 2013.
Simpson Thacher is representing First Reserve Corporation and its portfolio company Templar Energy LLC in connection with a $1.0 billion acquisition of oil and gas assets located in the Texas Panhandle and western Oklahoma from Forest Oil Corporation. The transaction is expected to close on or before November 25, 2013, and is subject to customary purchase price adjustments, regulatory approvals and closing conditions.
Sydney: Leading international law firm Clifford Chance has advised longstanding client Sumitomo Corporation on its joint purchase with Glencore Xstrata plc of a 50.1 per cent interest in the Clermont coal mine in Queensland, Australia from Rio Tinto plc.
In a deal valued at US$1.015 billion, each company will hold a 25.05 per cent interest in the mine through a joint venture, GS Coal.
Clermont is Australia’s third largest thermal coal mine.
Travers Smith Head of Real Estate Julian Bass and Litigation Associate Tessa Blunden, with planning advice from Romola Parish, acted pro bono on behalf of Ivy House Community Pub Limited (a not-for-profit community benefit society registered with the Financial Conduct Authority) to purchase the Grade II listed Ivy House Public House in Southwark, South East London. The Ivy House was the first building in London to be listed as an asset of community value under the Localism Act 2011.
Dentons' European real estate team has acted for IVG Investment Funds on its acquisition of the Le Palais Offices in Warsaw from Warimpex Finanz- und Beteiligungs AG. The total purchase price for the property was approximately €31 million.