National leading law firm Blake Morgan has advised the shareholders of Cornerstone Healthcare on the sale of their specialist healthcare business to private equity firm Ignite Growth.

Cornerstone Healthcare owns and operates two specialist nursing homes in Hampshire for older people with complex neurological, physical and mental health needs associated with challenging behaviours.  The business has been acquired by private equity firm Ignite Growth as part of their buy and build growth plan in the specialist care market.

Dentons Rodyk is acting for RB Capital group, a privately held real estate conglomerate headquartered in Singapore headed by the billionaire Kishin RK, in the sale of units with an aggregate area of 10,602 sq ft at Farrer Square (where StarMed’s day-surgery and multi-disciplinary medical centre “StarMed Specialist Centre” is located), to StarMed@Farrer Square Pte. Ltd. (“StarMed”), a subsidiary of listed company Health Management International Ltd, at the price of S$36.7 million.

Watson Farley & Williams (“WFW”) advised developer and long-standing client RAL Development Services LLC (“RAL”) and their partner, Oliver’s Realty Group (“Oliver’s”), on the sale of a luxury penthouse in the Quay Tower condominium project they are currently developing in New York City’s Brooklyn Heights neighborhood.

London - Global law firm K&L Gates LLP has advised Action Hotels on the sale of its business to Action Real Estate. Established in 2005, Action Hotels is a leading owner, developer, and asset manager of branded three- and four-star hotels in the Middle East and Australia.

Stuttgart – Chart Industries, Inc., a US-based listed manufacturer of cryogenic equipment, has signed a definitive agreement to divest its oxygen-related products business to Japanese supplier NGK Spark Plug Co., LTD. for USD 133.5 million. The sale is expected to close within the fourth quarter of 2018, following the satisfaction of customary closing conditions, including regulatory requirements.

A CMS team headed by lead partner Dr Tobias Grau supported Chart Industries on all legal aspects of the German part of this international deal.

Allen & Overy has advised Nordea Bank S.A. on the sale of part of Nordea’s Luxembourg-based private banking business to UBS Europe SE. Completion was announced yesterday, 15 October 2018, further to the signing of the agreement on 25 January 2018.

International law firm Ashurst is advising Greenhill & Co International LLP, in its capacity as sponsor, in relation to the proposed class 1 disposal by Greencore Group plc of its US business to Hearthside for an enterprise value of US$1,075 million (subject to customary adjustments). The disposal is a class 1 transaction for Greencore under the Listing Rules, and is therefore conditional upon, among other things, the approval of its shareholders.