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Asset Sale: Acquiror's Counsel

ITV - acquisition of London Television Centre

29 Jan 2013

Slaughter and May, working as an integrated team with ITV's legal team, advised ITV on the acquisition of the freehold of London Television Centre, home to the company’s headquarters and studios on the South Bank.

The company has purchased the 2.5 acre site for £56 million from Coal Pension Properties Ltd. Should there be any substantial redevelopment of the site in the next 10 years, Coal Pension Properties may receive additional payments up to a maximum of £6.5 million.

Real estate advises on joint venture to acquire Warsaw Financial Centre

28 Jan 2013

International law firm Stephenson Harwood LLP has advised Tristan Capital, a London based real estate investment management company, on a joint venture between Allianz Real Estate, the global insurance company, and Curzon Capital Partners, a real estate fund advised by Tristan Capital, to acquire the Warsaw Financial Centre for €210 million. The property was acquired from a Special Purpose Vehicle jointly held by Pramerica Real Estate Investors and CA Immo.

DLA Piper advises on Dignity's acquisition of Yew

28 Jan 2013

Lawyers from DLA Piper's Birmingham office have advised Dignity plc ("Dignity") on the acquisition of Yew Holdings Limited ("Yew") for £58.3 million on a debt-free-cash-free basis. The acquisition completed on 25 January 2013.

The DLA Piper team also advised the Board on a fully underwritten placing of shares in Dignity to raise approximately £24.2 million before expenses. The placing, together with £39.8 million of new debt, will be used to fund the acquisition.

Ashurst advises Mitsubishi on Port Bonython Fuels purchase

25 Jan 2013

Ashurst has advised Mitsubishi Corporation on the acquisition of Port Bonython Fuels Pty Ltd from Stuart Petroleum Fuels Pty Ltd, a wholly owned subsidiary of ASX-listed Senex Energy Limited.

Port Bonython Fuels Pty Ltd owns a terminal project involving the construction of liquid hydrocarbons including refined petroleum (eg diesel, motor spirit etc) handling, storage and distribution facilities at Port Bonython in the upper reaches of Spencer Gulf.

WFW advises Industrielle Werke Basel on the acquisition of a wind farm portfolio in northern France

24 Jan 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised IWB (Industrielle Werke Basel) on the acquisition of the Atrebatie wind farm project in the Pas-de-Calais region of France from German project developer OSTWIND International (“OSTWIND”). WFW advised on all the legal and tax aspects.

The wind farm project consists of four individual wind farms comprising 14 wind turbines with a total capacity of 42 MW. The planned energy production is anticipated to be greater than 100 GWh annually.

Macfarlanes acts on $450m joint venture for The O2 Arena Hotel, Conferencing and Residential Tower on a Thames-side site

22 Jan 2013

Macfarlanes has advised a consortium of investors on a joint venture to buy a three hectare riverfront hotel-led site directly linked to The O2 Arena, on the Greenwich Peninsula, London.

The firm also advised long-standing client Arora International on entering into a management contract for the hotel.

Norton Rose advises on £700 million acquisition of portfolio of 12 private hospitals

22 Jan 2013

International legal practice Norton Rose has advised a consortium of investors on the acquisition of a portfolio of 12 UK private hospitals from Spire Healthcare Group.

Spire is the second largest private hospital provider in the UK and runs hospitals across the country. The buying consortium comprises Malaysia’s Employees Provident Fund (EPF), affiliated investment funds of Och-Ziff Capital Management Group and Moor Park Capital Partners. Moor Park Capital also advised the Investors on this transaction.

Manchester Airport Group - successful bid to acquire Stansted Airport for £1.5 billion

18 Jan 2013

Slaughter and May advised Manchester Airport Group (M.A.G) on its successful bid to acquire Stansted Airport for £1.5 billion. The transaction is expected to complete by the end of February 2013.

As part of the acquisition, which was announced on 18 January 2013, Industry Funds Management (IFM) will become an investor in M.A.G with a 35.5% interest in the enlarged group.

The funds for the acquisition come from new equity raised from IFM, together with investment grade financing.