Resource

 

 

 

 

 

 

 

 

 

 

 

Asset Sale: Acquiror's Counsel

BATTERYONE ACQUIRES ROYALTY ON DUMONT NICKEL-COBALT PROJECT

23 Jan 2019

On January 22, 2019, BatteryOne Royalty Corp. announced that it had acquired a 2.0% net smelter return (“NSR”) royalty on future production over metals from the Dumont Nickel-Cobalt project (the “Dumont deposit”), a fully permitted, construction-ready mine, which contains one of the world's largest undeveloped reserves of nickel and cobalt, located in the established Abitibi mining camp in Québec, Canada. The area under the royalty covers approximately 21% of the Dumont deposit.

DLA Piper advises Ireland's NTR on acquisition of 200mw wind portfolio in Sweden and Finland

23 Jan 2019

DLA Piper has advised Irish renewable energy investment firm NTR on its acquisition of a portfolio of just over 200MW of operational and pre-construction onshore wind projects in Sweden and Finland.

NTR acquired the portfolio projects, called Vindin, from a consortium of nine Swedish industrial companies through its NTR Renewable Energy Income Fund II. The total capital investment, including the build-out of the development cluster, is expected to be in excess of €180 million.

Addleshaw Goddard advises Galliard Homes on £22.2m acquisition from Royal Mail of a development site in Nine Elms

19 Jan 2019

Addleshaw Goddard's Real Estate sector team has advised Galliard Homes on the unconditional purchase from Royal Mail of  a 0.9 acre plot (Plot C) on its Nine Elms Park site.

Royal Mail's former South London mail centre site in Vauxhall, South London – now known as Nine Elms Park – is centred on a linear park, which runs the length of the site east to west, alongside residential-led development and commercial space. It extends from the new US Embassy to the planned Northern Line extension, which will provide two stations within walking distance.

WBD advises ProCook on acquisition

19 Jan 2019

WBD has advised national kitchen retailer ProCook on its acquisition of the majority of the stores of Steamer Trading.

ProCook rescued 27 Steamer Trading stores from administration, with over 300 jobs saved.

A multidisciplinary WBD team advised on the transaction, with the firm providing counsel on a range of legal issues including restructuring, employment, intellectual property, tax, real estate and data. The deal was led by partner and head of the London restructuring team Tom Pringle and solicitor Harry Rose.

Tom Pringle commented:

Dentons represents Tristan Capital Partners and White Star Real Estate in the acquisition of a logistics portfolio in Poland

18 Jan 2019

Dentons Real Estate and Banking and Finance teams in Warsaw have advised Tristan Capital Partners and White Star Real Estate on the EU86 million acquisition of a portfolio of five warehouses located in Poland. The projects sold by Oz Real Estate were added to the portfolio of EPISO 4 opportunity fund managed by Tristan Capital Partners and White Star Real Estate.

The five warehouses have a total gross lettable area of 161,689 sq. m. and are categorized as "urban logistics" for their close driving distance to major cities. The assets are over 90% let.

Ashurst and OSP advise on the US$3.85 billion acquisition of the world's largest gold mine

18 Jan 2019

Ashurst and Oentoeng Suria & Partners (OSP) are acting for PT Indonesia Asahan Aluminium (Persero) (Inalum), an Indonesian state owned company, as lead counsel in Inalum's landmark acquisition of a 51.2% majority stake in the Grasberg mine from leading mining companies Freeport-McMoRan and Rio Tinto. The Grasberg mine, located in Papua, Indonesia, is the world's largest gold mine and second largest copper mine. After the transaction, Inalum's stake in the Grasberg mine increased from 9.36% to 51.2%, giving Indonesia majority interest in the mine.

Wolf Theiss advises DDM Group and B2Holding in the Acquisition of an 800 Million (Face Value) NPL Portfolio from HETA

18 Jan 2019

DDM Group, a multinational investor and manager of distressed assets, together with B2Holding, a leading player in debt purchase and debt collection, rely on the expertise of Wolf Theiss when purchasing a portfolio of distressed assets in Croatia from HETA ASSET RESOLUTION and its Croatian affiliates.

"We are very happy to advise the bidder consortium DDM and B2 in this landmark project. The complex cross-border transaction involves multiple deal elements, in addition to the purchase of several loan/leasing portfolios," explains Andrea Gritsch, Partner Wolf Theiss.