Pacific Industrial Co. to Buy Valves Business of Sensata Technologies
Skadden is representing Pacific Industrial Co., Ltd. in its acquisition of the valves business of Sensata Technologies B.V.
Skadden is representing Pacific Industrial Co., Ltd. in its acquisition of the valves business of Sensata Technologies B.V.
A team led by Dr. Peter Vocke advised Domicil Real Estate Group on the acquisition of nine building complexes with 210 residential units in Hanover in an asset deal. Quantum Immobilien Kapitalverwaltungsgesellschaft mbH is the seller of the BEECHWOOD portfolio north-east of Hanover city center.
The building stock, which was modernized between 2013 and 2016, dates from 1958 to 1961, has 99 underground parking spaces and 14 garage spaces and is fully leased out. The property has excellent transport links and great potential for value enhancement.
Squire Patton Boggs is advising on the acquisition by International Entertainment Corporation of Wigan Athletic Football Club from the Whelan family. The transaction is subject to approval from the English Football League and the Hong Kong Stock Exchange.
Sidley represented C.H.M.T. Peaceful Development Hong Kong Fund Management Limited (C.H.M.T.) as Hong Kong counsel in connection with the US$5.2 billion acquisition of The Center, a 73-story landmark office tower in Hong Kong formerly owned by tycoon Li Ka-shing. C.H.M.T. advised a special purpose vehicle set up for the acquisition, which is backed by a Chinese-led consortium. Sidley advised C.H.M.T.
Hogan Lovells Luxembourg has advised long-standing client M&G Real Estate, on corporate aspects regarding the acquisition of a care and assisted living home acquisition in Visby (Sweden) for EUR 15 million.
A 25-year lease with the Gotland Municipality has been agreed.
Hogan Lovells Luxembourg led this transaction and the team members involved were Gérard Neiens (partner), Marc Elvinger (partner) and Benoit Serraf (senior associate).
Ashurst is advising Castellana Properties Socimi on the acquisition of the Habaneras Shopping Centre (Torrevieja, Alicante), which closed on Tuesday 8 May 2018. With this new acquisition, the Castellana Properties Socimi S.A. has become the owner of 12 properties across Spain, in which Ashurst acted as legal adviser on all of the acquisitions.
International law firm CMS is acting for main market listed ITE Group plc (“ITE”) on its proposed £300m (subject to adjustment) acquisition of Ascential plc’s Exhibitions Business. The consideration for the acquisition (including estimated costs) is intended to be funded through a £315m rights issue, which has been fully underwritten on a standby basis by Investec Bank plc. ITE is also seeking to increase its debt facilities by £50m with a view to reducing the amount required to be raised by the rights issue to £265m.
Linklaters Stockholm M&A Real Estate team advised EQT Real Estate I fund in the acquisition of the property Hönsfodret 1 on the island Södermalm (Stockholm) by way of a share transfer from an affiliate of the Swedish insurance company Folksam. The underlying property value amounts to approx. SEK 345 million (EUR 33 m) before adjustment for latent capital gain taxes and the investment represents EQT Real Estate’s seventh to date and second in Sweden. Built in 1981, the asset covers 9,100 sq.m.
MinterEllison has advised Frasers Property on its purchase of 974 Black Forest Rd in Melbourne's western growth corridor.
MinterEllison has advised Frasers Property Australia (Frasers Property) on its purchase of 974 Black Forest Road in Melbourne's western suburb of Wyndham Vale.
The 100 ha vacant farm land property is located about 40 km south west of the Melbourne CBD and was purchased for A$91.5 million with the acquisition settled on 18 April 2018.
Watson Farley & Williams (“WFW”) has advised Star Bulk Carriers Corp. (“Star Bulk”) on the acquisition of 16 vessels from Augustea Atlantica SpA and York Capital Management in an all-share transaction. Under the terms of the acquisition, Star Bulk has agreed to issue approximately 10.5m common shares to the sellers, equal to a circa 14.1% stake in the company after the closing of the deal.