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Asset Sale: Acquiror's Counsel

White & Case Advises CVC Capital Partners on Its Acquisition of PDC Brands

02 Jun 2017

Global law firm White & Case LLP has advised CVC Capital Partners, one of the world's leading private equity and investment advisory firms, on its acquisition of PDC Brands from Yellow Wood Partners.

PDC Brands is a rapidly growing beauty and personal care products company, with a portfolio of category-leading brands distributed in more than 60 markets globally.

The deal is projected to close in June 2017, subject to approval by the relevant competition authorities.

Thommessen assists INEOS in its acquisition of Dong Energy's oil and gas business

01 Jun 2017

On 24 May 2017, INEOS entered into an agreement to purchase DONG Energy's oil and gas business, which includes assets and operations in Norway, Denmark and the United Kingdom.

The purchase price is USD 1.05 billion plus a contingent payment of up to USD 250 million. In 2016, DONG Energy's production was 100,000 boe per day. Estimated reserves is around 570 million boe. The acquisition is subject to approval by the relevant authorities. Thommessen's assistance is related to the Norwegian oil and gas business and assets.

Powerful partnership closes significant solar deal

31 May 2017

Following a flurry of recent activity in Australia’s renewable energy sector, King & Wood Mallesons (KWM) advised Netherlands-based DIF and Australia's Lighthouse Infrastructure on the acquisition of Clare Solar Farm.

Located in North Queensland, the 125 megawatt Clare Solar Farm project is expected to be completed and generating power within 12-months.

The KWM team was led by Partners Rod Smythe and Scott Gardiner, supported by Partners Shannon Etwell and Mal Brennan, Senior Associates Jonathan Mitchell and John Tanner and Solicitor Lachlan Fahey.

Hogan Lovells acts for purchaser consortium on the c.£300million acquisition of 20 Gresham Street, a trophy office building in the City of London

30 May 2017

London, 26 May - Hogan Lovells has represented the joint venture between NorthStar Realty Europe Corp., which is managed by an affiliate of Colony NorthStar, Inc, and China Resources Land (CRL) on the purchase of 20 Gresham Street, City of London, for approx. £300m.

The 242,800 sq ft building was bought from AXA Investment Managers and is CRL’s first acquisition in Europe. It is currently let to blue chip tenants including ICBC Standard Bank Plc and TSB Bank Plc.

K2, Völkl, Marker & Co.: Gleiss Lutz advises Kohlberg & Company, L.L.C. on the acquisition of the winter sports business of Newell Brands, Inc.

29 May 2017

Gleiss Lutz has advised the US private equity fund Kohlberg & Company, L.L.C. on the acquisition of the winter sports business of Newell Brands, Inc. The winter sports division of the US consumer goods company includes leading international winter sports brands such as K2, Völkl, Dalbello, Marker, Madshus, Live, Full Tilt, Altlas, Tubbs, Ride and BCA. According to Newell Brands, Inc., the sale is part of its planned strategic realignment.

Hogan Lovells acts for Recordati on US$300 million acquisition of commercial rights to three medicines from AstraZeneca

26 May 2017

Hogan Lovells, the global law firm, has advised Italian headquartered Recordati S.p.A ("Recordati") on a US$300 million acquisition of commercial rights to three medicines from AstraZeneca.

Recordati has acquired the commercial rights to Seloken/Seloken ZOK (metoprolol tartrate and metoprolol succinate respectively) and associated Logimax fixed-dose combination (metoprolol succinate and felodipine) treatments in Europe. Metoprolol succinate is a beta-blocker for the control of hypertension, angina and heart failure.

Trowers advises on major regeneration scheme in Hackney town centre

26 May 2017

Trowers & Hamlins has advised the London Borough of Hackney on the purchase and redevelopment of the Tesco site in Morning Lane, Hackney for the development of a mixed use commercial (fashion and convenience food retail) and residential apartment scheme.

The new scheme will comprise a residential, food and fashion outlet adjacent to the existing Hackney Walk, London's first ever luxury retail outlet.

King & Wood Mallesons closes acquisition and refinancing transaction for Minsheng Financial Leasing

25 May 2017

King & Wood Mallesons (KWM) acted for Minsheng Financial Leasing (MSFL) on its acquisition of four aircraft from China Development Bank Financial Leasing and refinancing of the acquisition with Crédit Agricole CIB, as mandated lead arranger, facility agent and security trustee and Korea Development Bank, as arranger.

The portfolio acquisition, with leases attached to an Indian airline, was completed in January 2017 whereas the refinancing completed in May 2017.