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Asset Sale: Acquiror's Counsel

Clifford Chance advises Capstone Asset Management and Quantum Group on acquisition of MIK office complex in Düsseldorf

17 Nov 2017

Hamburg based Quantum Group has acquired the MIK office complex in Düsseldorf on behalf of a consortium of Korean institutional investors led by Capstone Asset Management. Capstone and Quantum were advised on the transaction by Clifford Chance.

The complex extending over some 53,000 square metres was acquired by means of a share deal. Clifford Chance also advised on the structuring and financing of the transaction.

Ashurst advises TH Real Estate on the acquisition of the Retail Park Enox in Gennevilliers (France)

16 Nov 2017

Ashurst LLP advised TH Real Estate on behalf of its fund European Cities Fund on the acquisition from La Compagnie de Phalsbourg of the Retail Park Enox in Gennevilliers (France) developing a gross letting area of circa 26,000 s.qm. and fully let to nine well-known brands such as Nike, Darty, Maisons du Monde….

The Ashurst team in Paris was composed of real estate partner Guillaume Aubatier, assisted by associates Dorian Scemama and Malvina Dahan.

Gowling WLG's Energy team advises Innova Energy on its sixth UK solar farm acquisition

16 Nov 2017

Gowling WLG's Energy team, led by partner Gareth Baker, together with a wider group of sector experts, has advised Innova Energy on its acquisition of a 5MW ground mounted solar farm in East Codford Farm, Warminster.

The acquisition of the solar farm (commissioned in 2016) completed in October 2017, and represents the latest acquisition for Innova Energy in the sector, who are working with the Gowling WLG team to continue to build their portfolio of ground-mounted and rooftop solar assets.

Total seeks acquisition of Engie's upstream LNG business with advice from A&O

15 Nov 2017

Allen & Overy LLP is advising Total on its acquisition from Engie of its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of USD1.5 billion. Additional payments of up to USD550 million could be payable by Total in case of an improvement in the oil markets in the coming years.

Total will become the second largest global LNG player as a result of the transaction.

Dentons advises TLG Immobilien on the acquisition of a retail portfolio

13 Nov 2017

Dentons has advised TLG IMMOBILIEN AG on the purchase of a nationwide portfolio of 27 follow-up care centres, supermarkets and discounters across Germany. The seller is an institutional fund, and the acquisition was structured as a share deal.

In total, the 27 retail locations generate an annualized rent of €6,5 million and the weighted average lease term of the rental agreements is 6.0 years. The property’s anchor tenants include REWE, EDEKA, Kaufland and Penny.

CMS advises Gasunie on acquisition of stake in EUGAL pipeline project

12 Nov 2017

Distribution network operators Gasunie Deutschland Transport Services GmbH, GASCADE Gastransport GmbH, Fluxys Deutschland GmbH and ONTRAS Gastransport GmbH have signed a fractional ownership agreement for the EUGAL pipeline project (European Gas Pipeline Link). Gasunie Deutschland, Fluxys Deutschland and ONTRAS will each receive 16.5% of the shares in the project and future pipeline. GASCADE retains a 50.5% share and will continue to act as the lead project manager.

Milbank Advises Canada-Based Husky Energy on Closing of $435M Acquisition of US Midwest Refinery

10 Nov 2017

Milbank, Tweed, Hadley & McCloy LLP advised Canada-based integrated energy company Husky Energy on its successful acquisition of Superior Refinery, a 50,000 barrel per day refinery located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for US$435 million in cash.

CMS advises GE and Macquarie Group on landmark Nordic onshore wind project

10 Nov 2017

International law firm CMS has advised GE Energy Financial Services (“GE”) and Green Investment Group Limited, part of Macquarie Group (“Macquarie”), as joint sponsors on the acquisition and project financing of 650MW of onshore wind through the Markbygden ETT wind farm in Northern Sweden. The project, acquired from developer Svevind AB, will be the largest single site onshore wind farm in Europe, and is expected to increase Sweden’s installed wind generation by more than 12.5 per cent.

Hogan Lovells Represents DDC LPG in $200 Million Acquisition of NGL Energy Partner LP’s Retail Propane Business

10 Nov 2017

Hogan Lovells is advising Dublin, Ireland-based DCC plc (“DCC”), a leading international sales, marketing and support services group on an agreement to acquire a portion of NGL Energy Partners LP’s Retail Propane Business ( “NGL LPG business”) for $200 million in cash.