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Asset Sale: Acquiror's Counsel

Milbank Advises Vueling on its US$5.4 Billion Purchase of New Fleet From Airbus

16 Sep 2013

Vueling has signed the purchase agreement for the purchase of 62 narrow-body passenger jets with a total value of US$5.4 billion, as well as options to purchase a further 58 aircraft from Airbus.  The new aircraft will replace some older aircraft in the fleet as well as expand the fleet numbers overall.  Milbank advised Vueling on the transaction, with the team led out of London by Transportation & Space Group senior associate Jo Syrett.

WFW advises Santander on the acquisition of UK solar project

16 Sep 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Santander on the acquisition of a 31.6 MW solar park in Suffolk, which will be one of the UK’s largest ground mounted solar projects.

WFW advised Santander Asset & Capital Structuring, the risk equity arm of the bank, on the acquisition of Broxted Solar Farm Limited from development company Lark Energy.

Debevoise Advises HarbourVest Partners in Nova Capital’s Acquisition of U.S. Home Improvement and Hardware Portfolio from Newell Rubbermaid

16 Sep 2013

Debevoise & Plimpton LLP advised HarbourVest Partners, LLC, in Nova Capital’s acquisition of a portfolio of businesses within Newell Rubbermaid’s Hardware group in North America for USD $214 million, which closed today. The acquisition was funded through a newly established fund with equity provided by Nova Capital’s limited partners, including Nova and secondary funds managed by HarbourVest and Landmark Partners.

DLA Piper represents Oasis Petroleum in US$1.5 billion acquisition of assets in the Williston Basin

11 Sep 2013

DLA Piper represented Oasis Petroleum Inc., an independent oil and natural gas exploration and production company, in its recently announced purchases of Bakken assets totaling more than US$1.5 billion. As reported, the combined acquisitions encompass approximately 161,000 net acres and are located in the Williston Basin, which extends from Saskatchewan, Canada in the north to South Dakota in the south.

In addition, the firm assisted with the semi-annual redetermination of the borrowing base, which led to an increase from US$1.25 billion to US$1.5 billion.

Clifford Chance advises Suntory Food & Beverage Ltd on its £1.35bn acquisition of the Lucozade and Ribena drinks brands from GSK

11 Sep 2013

Clifford Chance announces that a team led by Corporate Partners Joel Ziff and Rob Crothers advised Suntory Food & Beverage Ltd, the Japanese headquartered global soft drink company, on its acquisition of the Lucozade and Ribena drinks brands from GSK for £1.35bn.

Clifford Chance also acted for Suntory Holdings Limited on its 2009 acquisition of Orangina Schweppes from Blackstone and Lion Capital.

Dundas & Wilson advises Team Rock on its acquisition from Future plc of its music listening business

11 Sep 2013

The £10.2m sale included all the brand extensions of the magazines alongside internationally famous branded events, The Golden Gods and The Classic Rock Roll of Honour.

TeamRock is a new company formed to provide and create premium content to rock music fans across the world via digital platforms and through the Classic Rock and Metal Hammer titles. It brings together a team of leading executives (including Billy Anderson and John Myers) to create a worldwide platform for this large but under-served community.

Norton Rose Fulbright advises Yildirim on $425 million acquisition of mining companies

10 Sep 2013

The Kazakhstan, Moscow and Brussels offices of global legal practice Norton Rose Fulbright have advised Yildirim Group, a Turkish diverse holding group, on its planned $425 million acquisition of ferroalloy assets from OAO Mechel. The transaction was announced by Yildirim and Mechel on 1 August 2013.

Baker & McKenzie Advises Fortune REIT on its HK$5.84 Billion Acquisition of Kingswood Ginza in Hong Kong

05 Sep 2013

Baker & McKenzie is advising ARA Asset Management (Fortune) Limited, as manager of Fortune Real Estate Investment Trust (“Fortune REIT”), on Fortune REIT's proposed acquisition from Cheung Kong (Holdings) Limited of Kingswood Ginza in Hong Kong for a total consideration of approximately HK$5.84 billion. The acquisition will be by way of purchase of the company holding the Kingswood Ginza Property. The purchase consideration will be financed by drawing down new term loan facilities and using the net proceeds of the unit placement conducted recently by Fortune REIT in August 2013.