Kirkland & Ellis LLP advised Blackstone Property Partners and Telereal Trillium on their acquisition of UK Network Rail’s commercial business estate. Proceeds from the £1.46 billion transaction will help fund the UK railway upgrade plan, bringing major improvements for passengers and reducing the need for taxpayers to fund the railway.

Emmanuelle Trombe, Bertrand Delafaye and Louise Aberg advised a biopharmaceutical company on its acquisition of an innovative clinical stage drug candidate and a portfolio of other drug candidates for EUR 6.8 million plus capital interest.

PARIS – Dechert LLP advised Poxel, a biopharmaceutical company focused on the development of innovative treatments for metabolic disorders, on its acquisition of DRX-065, a novel clinical stage drug candidate for the treatment of Nonalcoholic steatohepatitis (NASH), from privately-held clinical-stage biopharmaceutical company DeuteRx LLC. Poxel has also acquired a portfolio of additional deuterated drug candidates from DeuteRx for metabolic, specialty and rare diseases as part of this transaction.

Stuttgart – Atlas Copco AB, a leading provider of sustainable productivity solutions with revenues of EUR 9 billion in 2017, has agreed to acquire the cryogenic business of Brooks Automation, Inc., for a total value of USD 675 million. The acquisition includes cryo pump operations located in Chelmsford, USA, and Monterrey, Mexico, a worldwide network of sales and service centers, and Brooks Automation's 50% share of Ulvac Cryogenics, Inc., (UCI). The acquisition is an all-cash transaction utilizing Atlas Copco's existing funds and is subject to regulatory approvals.

A cross-border team from global law firm Norton Rose Fulbright has advised POSCO on its US$280 million acquisition of a package of Argentinean lithium tenements from Galaxy Resources Limited. POSCO and Galaxy executed binding definitive documentation on 27 August 2018, with completion of the transaction expected to occur in Q4 2018.

A team led by Dr. Peter Vocke, Partner at Heuking Kühn Lüer Wojtek’s Düsseldorf office, successfully advised a large-scale financial investor with business seat in New York City, New York, USA, on the acquisition of an office building portfolio consisting of three office buildings in North-Rhine Westphalia. The portfolio was under asset management of publity AG and comprises lease space of approximately 70,000 sqm. The parties agreed on confidentiality about the seller and purchase price.

TLT has supported NJOY Student Living with the acquisition and funding of a 298-bed apartment block at Carr Mills in Leeds, expanding its portfolio.

The company, which currently operates three sites in Manchester, secured a £15.6m funding boost and bought the existing private rental units for £11.65m.

Having grown significantly over the last six years, NJOY's move into the Yorkshire market means it now has more than 500 student beds across both cities.