Fried Frank acted as counsel to Permira Funds in its definitive agreement to acquire Cisco's Service Provider Video Software Solutions (SPVSS) business for an undisclosed sum. The new company will encompass a broad portfolio, including Cisco's Infinite Video Platform, cloud digital video recording, video processing, video security, video middleware, and services groups. Cisco will retain the video and media technology related to its core business in networking, multi-cloud, security, data, and collaboration.

Loyens & Loeff advised Highbrook, private equity real estate investors, on the acquisition of the Mesdag Delta portfolio consisting of 56 properties with a total surface 456,000 sqm. The properties entail some striking monumental buildings in the Amsterdam city centre, light-industrial and large shopping centres throughout the Netherlands.

Contacts

    Lonne Rooseboom
    Mila Plasmans
    Bastiaan Cornelisse
    Michel van Agt
    Paul Kerckhoffs

Herbert Smith Freehills LLP (HSF) has advised Dorrington plc on its buyout of Grainger plc's 50% interest in the Walworth Investment Property (WIP) joint venture which comprises a residential investment portfolio of 565 homes in South London. HSF previously advised Dorrington plc on the creation of the WIP joint venture (with Grainger plc) back in 2013.

Schulte represented Veritas Capital and its affiliates in their acquisition of the U.S. public sector business of PricewaterhouseCoopers LLP. PwC’s U.S. public sector business helps governments — federal, state and local — and multilateral agencies solve complex business problems, improve processes and manage risk through its capabilities in financial management, strategy development, program management, operational effectiveness and organization design. The deal was announced in February 2018 and was completed on May 1, 2018.

TLT has advised Southern Housing Group on a large-scale acquisition of more than 500 units from the Hyde Group, located in Woking, Rushmoor, Thurrock, Southend, Hastings, Rother, Wealden and Sevenoaks.

This is Southern Housing Group’s first major stock acquisition since 2015. It complements its existing portfolio across London and the south east of England, and supports the delivery of the Group’s expanded development programme.

DLA Piper has advised LabTech Investments Inc on the acquisition of 90 High Holborn, a landmark office building in central London. LabTech is a technology and property co-working company whose strategy is to create modern collaborative co-working spaces using cutting edge technology.

90 High Holborn is situated in the heart of the Midtown area of central London, which has recently seen high levels of private investment bring a new wave of blue chip companies to the area. The building's curved glass facade makes it one of the most recognizable London landmarks.

Osborne Clarke has advised QinetiQ Limited on the acquisition of E.I.S. Aircraft Operations from EQT Mid Market for EUR 70 million. The acquisition is subject to certain regulatory and legal approvals and is expected to close towards the end of the first half of QinetiQ’s 2019 financial year.

QinetiQ is a leading science and engineering company operating primarily in the defence, security and aerospace markets. The customers are predominantly government organisations, including defence departments as well as international customers in other targeted sectors.

Squire Patton Boggs has advised French-headquartered real estate investor Frey on the €82.5 million acquisition of Parc Vallès, a leisure and retail park in Barcelona, from a real estate fund managed by Pradera.

Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Group (“Sino-Ocean”), one of the largest real estate companies in China, in its US$95 million acquisition of boutique hotel and members’ club Soho House in Chicago’s booming Fulton Market neighborhood. Hong Kong private equity firm Gaw Capital Partners and Huarong International Financial Holdings also teamed up for the six-storey, 40-room hotel.

Osborne Clarke has advised Barratt David Wilson Kent (BDW Kent) on its purchase of land to develop over 300 new homes at Ebbsfleet Garden City in Kent. 

The Ebbsfleet development was recently accelerated by a £74 million deal completed by Homes England, to fund a range of infrastructure works that include earthworks to fill in a lake to prepare the land for the development of housing.

New homes will also be developed at the site by Countryside Properties and Clarion Housing Group in a new joint venture.