Dentons has advised Barings Core Fund Mannheim on the acquisition of a fully rented mixed-use building in Mannheim from an open-ended real estate fund. The transaction value was EU45 million. The acquisition was arranged by retailing specialists of the COMFORT-Group and is part of the company's core investment strategy in Europe.
Dechert served as legal advisor to China Financial Services Holdings Limited, a Hong Kong listed company (together with its subsidiaries, the “China Financial Group”) in connection with the sale and purchase of certain loan portfolio and certain equity interests from The Bank of East Asia, Limited (“BEA”, a Hong Kong listed company) and Credit Gain Finance Company Limited, a wholly-owned subsidiary of BEA. The aggregate consideration for the acquisitions is approximately HK$1,079 million.
Greenberg Traurig, LLP represented Hansainvest Real Assets, a Hamburg-based investment manager, in the acquisition of Generation Park X - the first building in the Generation Park complex, a project consisting of three high-quality office buildings located in Warsaw.
Greenberg Traurig provided comprehensive legal advice with respect to the transaction, including preparation of the due diligence process and negotiation of the transaction documentation, including the preliminary and final sale agreement.
Orrick has advised German energy group STEAG on the purchase of the Krantz business segment from Finish Caverion Group. The purchase was carried out through STEAG Energy Services (SES).
By integrating products and services of Krantz, SES is primarily expanding its position in the market segment of nuclear technologies. Furthermore, SES is gaining access to previously undeveloped HVAC market segments while im-proving its international network to countries like Japan and the UK.
Ashurst advised oil and gas exploration and production company Serica Energy plc on its acquisition of BP's interests in the Bruce, Keith and Rhum fields in the North Sea and associated infrastructure. The board of Serica believes that the acquisition will be transformation for the Company, positioning it as one of the leading mid-tier independent oil and gas producers on the UK Continental Shelf.
Allen & Overy LLP has advised the British EG Group Ltd. (EG) located in Blackburn (UK) on the acquisition of more than 1,000 Esso service stations in Germany and the corresponding brand partnership with ExxonMobil. EG intends to further develop the Esso service station business in Germany on a long-term and strategic basis. The respective contracts were signed yesterday, 28 November 2017. Both parties agreed not to disclose the purchasing price. The closing of the transaction is still subject to approval by the EU antitrust authority.
Advising 90 North Real Estate Partners, an independent and globally operating real estate investment adviser, on the acquisition of two adjacent built-to-suit headquarter office properties now under construction in Hoofddorp.
Kirkland & Ellis represents Hong Kong-listed MicroPort Scientific Corporation (SEHK: 00853) in its proposed US$190 million acquisition of the Cardiac Rhythm Management (CRM) business of NASDAQ-listed LivaNova PLC (NASDAQ: LIVN). The CRM business develops, manufactures and markets products for the diagnosis, treatment and management of heart rhythm disorders and heart failures. The transaction, which was announced on November 20, is expected to close in the second quarter of 2018.
Bird & Bird LLP advised Cerberus on the bid and simultaneous acquisition of a loan portfolio of the HSH Nordbank (HSH) and an associated debtor structure from Kaiserwetter.
King & Spalding advised Al Mal Capital, a subsidiary of Dubai Investments, on the acquisition of the Kent College Dubai property. The deal is structured as a sale-leaseback transaction in which the school operator has leased back the property over the long-term and will continue to operate and manage the school. Kent College Dubai, the first international campus of Kent College Canterbury from the UK, is a K-12 British curriculum school with a student capacity of 2,200.