DLA Piper has advised Barings Real Estate on the acquisition of an office building in the Obersendling district of Munich. The asset was acquired in an off-market transaction, at the same time as the conclusion of a long-term anchor lease to Music Support Group (MSG) and the Akademie Deutsche Pop. The property was sold by two private investors.
Dentons has advised Fidelio Healthcare on the takeover of Mundipharma’s production site in Limburg, Germany. Under the terms of the transaction, Fidelio Healthcare will acquire the production site, the production facilities and the majority of employees from Mundipharma Limburg. Fidelio Healthcare plans to make strategic changes to the production site and further expand operations, and in doing so, will preserve approximately 100 jobs. The agreement was signed on February 20, 2018. Closing of the transaction is subject to approval by the competent antitrust authorities.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the H.C. Starck Group in connection with the sale of its division Tantalum & Niobium Powders to JX Nippon Mining & Metals Corporation (Japan). The latter is a subsidiary of JXTG Holdings, Inc., which is listed in Japan. H.C. Starck Tantalum and Niobium GmbH converts metal ores and secondary materials into high-performance tantalum and niobium based powders. It has subsidiaries and operates production facilities in Germany, Japan and Thailand. The H.C.
International legal practice Osborne Clarke has advised Angelo, Gordon & Co and APF International on the purchase of office buildings at the Sarphatistraat 8-14 in Amsterdam, from sellers Arkin Foundation.
The buildings of more than 2,000 square meters are conveniently located in the centre of Amsterdam, near the Amstel river. The joint venture will see them renovated to a high standard and, after completion, positioned as offices in the market.
Baker McKenzie advices Keesing Media Group on the acquisition of Bonnier Magazines & Brands’ portfolio of puzzle magazines.
Keesing Media Group is the largest publisher of puzzle magazines in Europe, owned by the investment fund Ergon Capital Partners.
The acquisition, which is a transfer of business, is subjected to customary terms and is expected to be completed in spring 2018. Principal participants from Baker McKenzie are Costin Mihailescu, Tobias Edenman, Johan Zetterström and Kristina Dunbring.
German insurance giant Allianz, represented by Allianz Real Estate, has acquired the office property ATLAS in the trendy new Werksviertel in Munich for companies in the Allianz Group. Vendor is the real estate investor Art-Invest Real Estate. International law firm Clifford Chance has provided legal advice to Allianz Real Estate on this complex and innovative transaction.
Slaughter and May, working with Norwegian firm BA-HR, is advising Aker Energy AS on its proposed acquisition of Hess Corporation’s interests in Ghana, consisting of a 50 per cent. participating interest in the Deepwater Tano Cape Three Points (DWT/CTP) block.
Watson Farley & Williams (“WFW“) has advised Oslo-based MPC Container Ships ASA (“MPCC“) on the acquisition of the container ship fleet of South Korea’s Cido Shipping Group.
MPCC has acquired Cido’s entire container ship fleet comprising ten vessels for US$130m. Following the signing of the sale and purchase agreements for the takeover of the fleet in late 2017, the majority of the vessels have been delivered to MPCC.
Firm previously advised Platinum Equity on its acquisition of Pattonair.
Latham & Watkins advised Platinum Equity on the agreement to acquire Wyndham Worldwide’s European vacation rental business for approximately US$1.3 billion. The transaction is expected to close in the second quarter of 2018, subject to customary closing conditions including works council consultation.
On 15 February 2018, Louis Dreyfus Armateurs (LDA) agreed with Ocean Yield, a Norwegian investment firm which specialises in shipping, on the sale and leaseback of two bulk carriers.
Ince & Co France's finance team advised LDA on the negotiation of this transaction, including the sale contracts for the vessels, as well as their chartering to two subsidiaries of LDA group.