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Asset Sale: Seller's Counsel

Advising Triumph International in connection with the sale of HOM

29 Jan 2015

Advising Triumph International in connection with the sale of 100% of the shares of its men underwear brand HOM as well as other assets relating to HOM activity to the Austrian company Huber Verwaltungs GmbH, subsidiary of Huber Holdings, manufacturer, with hundred years of history, which is very present in the German-speaking countries and on the American continent.

With this acquisition, Huber will expand its geographical coverage while adopting a premium offer.

LETT assists in the sale of the Elsinore-Helsingborg ferry route

29 Jan 2015

LETT has assisted Scanlines in its sale of the Elsinore-Helsingborg ferry route. LETT's assistance encompassed finance-law issues.

Today, the ferry route is run by a joint venture of Scanlines and Stena Lines, each holding 50%. At the end of January 2015, First State takes over the route operations - supported by Scanlines and Stena Line in the beginning. The five ferries sailing the route are all included in the agreement, and the route will continue to be marketed under the name Scanlines Elsinore-Helsingborg.

Setterwalls has assisted in the sale of Thorskogs Slott

22 Jan 2015

Setterwalls has advised the shareholders on the sale of Thorskog Slott & Konferens AB to Preservo Invest AB. Thorskog Slott & Konferens organizes i.a. conferences, parties and weddings at the castle. Over the years, Mikhail Gorbachev and George Bush Sr. among others, have stayed at the castle and in 2009 and 2010 the TV series "Stjärnorna på slottet" was produced there. The buyer intends to continue and refine the business operated by the previous owner.

Setterwalls' team consisted of Torsten Leman, Niklas Eskilsson and Fanny Cukierman.

Eolus divests 60-MW Swedish wind portfolio for EUR 95 million to Swiss electric utility ewz

22 Jan 2015

Eolus Vind AB, one of the leading wind power developers in Sweden, has agreed to sell 29 wind turbines in southwestern Sweden to Swiss electric utility ewz for EUR 95 million. The 60-MW deal is the single largest in the history of Eolus.

Founded in 1990, Eolus has constructed nearly 470 wind turbines of the approximately 3 000 wind turbines operating in Sweden. The Eolus Group currently owns and operates an installed capacity of 88 MW with an estimated annual electricity production of 232 GWh. Eolus shares are listed on Nasdaq First North in Stockholm.

Ashurst advises on £206m sale of a property portfolio to Starwood Capital

19 Jan 2015

Ashurst has advised the seller on the disposal of a portfolio of 'Apart-Hotels' and one residential complex in London to Starwood Capital for £206 million. The properties are located in two of London's top emerging submarkets: Tower Bridge/Bermondsey and Earls Court/Kensington. The transaction is a rare example of companies exiting administration after successfully paying their creditors in full following completion of creditors' voluntary arrangements.

Clifford Chance advises IVG Institutional Funds on the sale of the "Silberturm" property in Frankfurt

19 Jan 2015

Clifford Chance has advised IVG Institutional Funds on the sale of the "Silberturm" property in Frankfurt (Jürgen-Ponto-Platz 1) and the adjacent building at Gallusanlage 8 as part of a share deal. The property was sold by an investment consortium led by IVG Institutional Funds. The buyer is an Asian investor syndicate managed by Hines. The parties have agreed not to disclose any details of the purchase price.