White & Case LLP has advised an affiliate of Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing, on the acquisition of a portfolio of performing and non-performing real estate-backed loans, with borrowers in Germany, the Netherlands, France, Denmark and Finland, from a major German bank.
Bond Dickinson has successfully completed the acquisition of a major residential development site in Plymouth on behalf of its client English Cities Fund (ECF).
The £30m project is on East Quay and is part of the regeneration of Millbay, which will see the transformation of a derelict 15 acre harbour side area close to the city centre into a new vibrant waterfront community. The two million square feet of development will include flats and houses, including affordable homes, as well as retail, leisure and office space.
Clifford Chance is advising long-time client The Hearst Corporation on its acquisition of the magazine and book businesses of Rodale Inc., a health and wellness content company that publishes Men's Health, Women's Health, Prevention, Runner's World, Bicycling, and other titles in the US and around the world. The deal was announced on October 18, 2017. Transaction terms have not been disclosed.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised BASF on its acquisition of significant components of Bayer’s seed and herbicide businesses, which Bayer intends to divest ahead of its planned acquisition of Monsanto.
Dentons has advised Triuva Kapitalverwaltungsgesellschaft mbH on the acquisition of Green Day, one of the largest and newest office buildings in Wroclaw, western Poland, for approx. EU48.5 million. The seller was a Luxembourg fund advised jointly by GLL Real Estate Partners and Investec Bank PLC.
McDermott Düsseldorf lawyers advised on the Hahn Group’s purchase from investment manager Rockspring of a Real Hypermarket warehouse in the North Rhine-Westphalia region of Rees for 15.5 million euros plus acquisition costs.
Shearman & Sterling advised International Chemical Investors Group (ICIG) and its subsidiary CordenPharma on the acquisition of the Hospira Boulder high containment API site from Pfizer. The transaction is expected to close in November 2017. Hospira Boulder produces Active Pharmaceutical Ingredients (APIs) and intermediate products with specialized capabilities in small to medium scale highly potent and cytotoxic API manufacturing. Upon completion, Hospira Boulder will be renamed CordenPharma Boulder.
De Brauw has advised Fugro on its initiated auction to sell its trenching cable laying business. Ultimately GMSL came out as the preferred bidder, offering a secured vendor loan and an equity stake.
Other parties involved
Other, JV partner
Nature of transaction
Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro's trenching and cable laying business in exchange for an equity stake of around 24% in the combined business valued at US$ 65 million, and a one year secured vendor loan of US% 7.5 million.
Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the acquisition of a part of Bremer Carrée.
Warburg-HIH Invest bought the commercial building in the German city of Bremen for its investment fund " Warburg-HIH Perspektive Einzelhandel: Fokus Geschäftshäuser". The owner and seller of the property is Allianz Lebensversicherungs-AG, which was represented by Allianz Real Estate Germany GmbH. The parties have agreed not to disclose the purchase price.
King & Spalding advised NBK Capital Partners on the AED 350 million (US$95 million) acquisition of the Dubai campus of a K-12 international curriculum school.
The deal is structured as a sale-leaseback transaction in which the school operator has leased back the campus over the long term and will continue to operate and manage the school.