Global law firm Eversheds has advised the Welsh Ministers on the £52m purchase of Cardiff Airport from airport owner and operator TBI/Abertis.
The airport was sold to a Company owned by the Welsh Ministers to secure the future of the airport. The Airport will be operated commercially, on an arms-length basis.
The Eversheds team advising on the transaction was led by partner Paul Lowe and senior associate Richard Franklin.
Paul Lowe said:
Olswang has acted for Euromoney Institutional Investor PLC, one of Europe's largest business and financial magazine publishers, on the agreement to acquire HSBC's Quantitative Techniques (QT) operation. QT is the calculation agent business of HSBC Bank PLC and creates and maintains more than 100 equity and bond indices for HSBC's Global Markets division and 60 other external clients.
Ashurst has advised Barclays Infrastructure Funds ('BIF'), an investment vehicle specialising in infrastructure, on the acquisition of a 51 per cent stake in Vimercate Salute S.p.A., the company that developed and currently manages the new Vimercate hospital, in the region of Lombardy, Italy.
BIF has acquired the stake from Pessina Costruzioni S.p.A. and INSO S.p.A., part of the Condotte Group. Both INSO and Pessina will remain minority shareholders and operators of the hospital.
Watson, Farley & Williams (WFW) is pleased to announce that it has advised Blue Energy on its acquisition of HgCapital’s 177MW wind portfolio, which includes the developer RidgeWind.
Blue Energy is a UK-based renewable energy infrastructure investor and developer. This deal marks its first acquisition, and will allow it to develop its portfolio and plan further significant UK onshore wind acquisitions in 2013.
Linklaters advised the group of investors acquiring about 92% of the shares in GWB, the residential real estate subsidiary of BayernLB, in a bidding process led by the real estate investment company Patrizia. Additionally, further share packages will be transferred to the syndicate of 27 investors, including Münchner Lebensversicherung WWK, Stuttgarter WGV Versicherungen and Sparkassenversicherung. In total, the investors’ share in GBW will thus be about 96.5% in the future.
Allen & Overy LLP hat die PATRIZIA Alternative Investments GmbH, eine hundertprozentige Tochter der PATRIZIA Immobilien AG, als Konsortialführer beim Erwerb der Aktienmehrheit an der GBW AG von der Bayerischen Landesbank (BayernLB) beraten.
DLA Piper has been advising Kühne Holding AG on the takeover of the insolvent Hotel InterContinental in Hamburg. Via its wholly-owned subsidiary Kühne Immobilia GmbH, the company belonging to entrepreneur Klaus-Michael Kühne is also acquiring the hereditary building rights in addition to the property itself.
A cross-firm team at Burges Salmon has advised iCON Infrastructure Partners II, L.P – iCON Infrastructure LLP’s second fund focused on core infrastructure investments in Europe and North America – and EEA Holdings Ltd on a major investment in the Beckton combined heat and power generation plant in East London.
Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has advised Fondshaus Hamburg Immobilien (FHHI) on the acquisition by its fund FHH Immobilien 15 – Studieren & Wohnen II of majority stakes of two of GBI AG’s property management companies.
Olswang has acted for client Alpha Private Equity Fund 6 (APEF 6) on the acquisition of Redcats' children and family division from world leader in apparel and accessories Kering / PPR for €119m. Redcats' children and family division consists, amongst others, of the Vertbaudet and Cyrillus brands.
In Germany the transaction included the indirect acquisition of the entire interest in Vertbaudet GmbH & Co. KG, which was a joint venture between Cyrillus and Puccini (part of the Carlyle group) prior to the transaction.