Watson, Farley & Williams (“WFW”), practicing in Hong Kong in association with Lau, Leong & Co., is pleased to announce that it has advised Chinese ICBC Financial Leasing Co. Ltd in relation to the long term sale and lease back of 51 offshore supply vessels with the French offshore oil and gas conglomerate, Bourbon.
Global law firm Eversheds has advised leading European polyester fibre producer ADVANSA on the sale of assets used in its branded and speciality polyester products businesses for apparel end uses to INVISTA, owner of the COOLMAX fabric and LYCRA fibre brands.
The Eversheds team was led by corporate partner Alasdair Outhwaite, supported by intellectual property partner Adrian Toutoungi and associates Elizabeth Tindall and Atif Taher, and advised on all corporate, commercial and IP aspects of the deal.
Alasdair Outhwaite said:
London-based luxury hotel owner and operator Dorchester Group Limited, has acquired the Hotel Eden in Rome from Starman (Italy) Sarl. Starman is a joint venture between Lehman Brothers and Starwood Capital and was formed out of the restructuring of Le Meridien Group in 2005. Dorchester Group is owned by the Brunei Investment Agency, a sovereign wealth fund ultimately controlled by the Sultan of Brunei, and owns hotels such as The Dorchester and 45 Park Lane in London, and the Beverly Hills Hotel in California.
Simpson Thacher is representing Alta Energy Luxembourg S.à.r.l. in connection with the sale of its entire acreage position in the Duvernay shale formation to Chevron Canada Limited. The terms of the transaction were not disclosed. Alta Energy Luxembourg S.à.r.l. is an investment vehicle indirectly owned by affiliates of The Blackstone Group and Alta Resources LLC. Chevron Canada Limited is an indirect subsidiary of Chevron Corporation.
Hamburg M&A team leads on high profile healthcare deal for M-Dax listed hospital operator. M-Dax listed hospital operator RHÖN-KLINIKUM AG has announced the sale of 43 hospitals and affiliated companies to healthcare company Fresenius Helios as part of its corporate strategy to realign its portfolio. The purchase price (enterprise value) amounts to €3.07 billion. RHÖN-KLINIKUM AG wants to focus on facilities that offer advanced medical care in a comprehensive, research-driven university environment with a maximum care offering. The locations Bad Berka, Bad Neustadt a. d.
Debevoise & Plimpton LLP is advising The Westfield Group in its agreements to divest seven non-core shopping centers in the United States to a Starwood Capital Group controlled affiliate for $1.64 billion.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised global private equity firm The Riverside Company (“Riverside”) on their sale of portfolio company Capol GmbH (“Capol”) to Freudenberg Chemical Specialties.
A specialist Yorkshire hydroponic product retailer has been bought out of administration by a national operator to retain a presence in the county.
Aquaculture Hydroponics was placed into Administration in July 2013, and Robert Dymond and Lisa Jane Hogg of independent insolvency practitioners, Wilson Field, were appointed as Joint Administrators.
Formed in 1996, Aquaculture Hydroponics - experts in growing plants in aquatic based, soilless environments - had operated from premises in Sheffield, Barnsley and Ripley.
Trowers & Hamlins has advised Aviva Investors UK Real Estate Recovery Fund on its sale of the freehold interest of 10 Whitfield Street, London, W1 to West Midlands Pension Fund (c/o CBRE Global Investors) for just over £20 million.
The West End property comprises 21,263 square feet of grade A office space arranged over five floors. It is currently let to tenants including Fisher Wealth Management and Outsourcery Ltd, and has a total rental income of £961,026 per annum.
Global legal practice Norton Rose Fulbright has advised Württembergische Versicherung AG on the sale of a portfolio of discontinued business to DARAG Deutsche Versicherungs- und Rückversicherungs-AG. The portfolio was issued by the insurer’s UK branch and mainly consists of aviation, marine and fire insurance. The purchase price is confidential. The transaction is subject to the approval of the relevant regulatory authorities.