Düsseldorf/Frankfurt – Leading global law firm Mayer Brown advised Caterpillar Motoren GmbH & Co. KG, a subsidiary of US construction equipment manufacturer Caterpillar Inc., on the acquisition of the assets of the insolvent foundry Gießerei Kiel GmbH. In 2006, Mayer Brown had already advised Caterpillar in connection with the sale of the foundry.
National business law firm, DWF, has advised Whitbread on the acquisition of the first five sites for its new ‘hub by Premier Inn’ hotel brand.
hub by Premier Inn is a compact city centre hotel with contemporary room designs and good connectivity that will aim to offer value for money and appeal to customers who value price, location and design over space.
The new brand will target London and major gateway UK cities, with the first hub by Premier Inn hotel to open on St. Martin’s Lane in London in summer 2014.
Düsseldorf, 25 July 2013. Linklaters has advised the Funke Media Group, which until the end of 2012 was known as WAZ Media Group, on its acquisition of a portfolio of regional newspapers, TV and women’s magazines from Axel Springer AG for a purchase price of EUR 920 million. In addition, the two groups have agreed on the setting up of joint enterprises for the marketing of advertising and print and online media. The transaction is subject to merger and antitrust clearance, which is not expected before the end of the year.
Dentons has advised Starwood Capital Group on the purchase by an affiliate of the firm of “the PARK” business complex in Prague, Czech Republic from Aberdeen Asset Management Deutschland AG. Terms of the transaction were not disclosed.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Borealis Maritime Ltd. (“Borealis”) on its successful bid to acquire LPG vessels “ELEONORA LEMBO” and “MARGHERITA IULIANO” following the bankruptcy of Deiulemar Shipping (“Deiulemar”), the Italian dry freight group.
Following a third round of bidding Borealis will acquire the two LPGs, of 4,000 cbm each, for approximately US$12 million each.
The Europa Capital real estate fund management company purchased the Vista skyscraper for Europa Fund IV, its pan-European fund. It repurchased the building from the fund managed by Pramerica Real Estate Investors.
The 22-floor building overlooking the Seine river to the south of the La Défense business center, just outside of Paris, holds the offices of Eurogroup Consulting and Reed Expositions France, its primary tenants. This 16700m² building was constructed in 1973, and was extensively renovated in 2007.
Macfarlanes has acted on behalf of Canary Wharf Group plc (CWG) on its acquisition of 15 Westferry Circus from Gort Limited (in administration) and Hibernia (2005) Limited (in administration).
The transaction saw CWG pay approximately £128m as consideration for the asset, as well as take a novation of the existing senior swap which has an estimated value of £11.4m and matures in April 2016. The purchase price is being fully funded by way of a new loan provided by the Metropolitan Life Insurance Company.
DLA Piper has announced its involvement in the acquisition of iconic British fashion label, Nicole Farhi by fashion and retail entrepreneur, Maxine Hargreaves-Adams.
The acquisition will see Maxine Hargreaves-Adams take on the full Nicole Farhi brand, its six stores, 10 concessions in department stores such as Harvey Nichols and House of Fraser alongside the wholesale business.
Nicole Farhi joins a portfolio which includes womenswear brand, Fenn Wright Manson, which Maxine acquired in 2012 and A Damsel in a Dress in which she invested.
Nabarro has advised longstanding client, Mitsui Fudosan UK with their development partner Stanhope on the acquisition of One Angel Court in EC2 from US financial services organisation TIAA-CREF. The 200,000 sq ft 21-storey office tower has planning permission for an extensive redevelopment.
The acquisition will strengthen Mitsui Fudosan and Stanhope's portfolio of prime commercial properties and projects in Central London.
Leading international law firm SJ Berwin has advised British Land on the acquisition of Paddington Central for £470m, further cementing the relationship between the firm and one of its longest standing clients.
Paddington Central is a mixed use office and retail site with a hotel. The site also includes land with planning permission for an additional c. 350,000 sq ft of grade A offices. The estate was developed over the course of a number of years by Aviva and Development Securities.”