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Asset Sale: Seller's Counsel

Slaughter and May advised Marks & Spencer on the sale and franchise of its retail business in Hong Kong and Macau to Al-Futtaim

05 Jan 2018

Slaughter and May advised Marks & Spencer (M&S) on the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner, Al-Futtaim. The sale, which completed on 30 December 2017, sees Al-Futtaim become the new sole franchisee for M&S in Hong Kong and Macau.

The sale follows M&S’s strategic review of its international business in November 2016, where M&S proposed to have a greater focus on its established franchise and joint venture partnerships and operate with fewer wholly-owned markets.

Linklaters advises on one of the largest ever real estate portfolio transactions in Poland

05 Jan 2018

Linklaters has advised Chariot Top Group, a company represented by Griffin Real Estate, on a real estate portfolio acquisition comprising 28 shopping centres located across Poland from A-R-A Retail Centres, owned by a consortium formed by Ares Management L.P., AXA Investment Managers - Real Assets and Apollo Rida, and on the subsequent resale of 12 properties from this portfolio to Echo Polska Properties. This transaction has been widely acknowledged to be one of the largest real estate deals signed in 2017 in the CEE region (closing took place on 4 January 2018).

Bosal Nederland B.V. to sell its Tow Bars Division to TowerBrook Capital Partners (UK) LLP

05 Jan 2018

De Brauw has advised Bosal Nederland on the sale of Tow Bars Division to TowerBrook Capital Partners (UK).

Client name
Bosal Nederland B.V.

Other parties involved
TowerBrook Capital Partners (UK)

Nature of transaction
On 31 December 2017, Bosal Group and TowerBrook reached agreement for the sale of Bosal's international Tow Bars Division which produces and supplies tow bars, bike carriers, wind stops and roof-racks to OEM/OES customers and aftermarket distributors.

Value of transaction

Ashurst advises Warburg-HIH Invest on sale of Kö-Blick building to Italian pension fund

04 Jan 2018

Ashurst advised Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) on the sale of the office and commercial building "Kö-Blick" in Dusseldorf's Königsallee 61 to the "Cicerone Fund", an Italian pension fund managed by CBRE Global Investors and Fabrica SGR. The property belonged to the portfolio of an individual fund (open real estate special AIF) of Warburg-HIH Invest. The parties agreed not to disclose the purchase volume.

Kirkland & Ellis Advises Marguerite on Sale of European Infrastructure Assets

14 Dec 2017

Kirkland & Ellis International LLP advised Marguerite Adviser S.A. on the sale by The Marguerite Fund of a portfolio of five European infrastructure assets to Pantheon. The assets consisted of off-shore wind farms in Belgium and Germany, solar power plants in France and a Spanish toll road. The London team on the transaction, which closed on December 13, 2017, was led by corporate partners David Arnold and Celyn Evans.

 

Ashurst advises Punter Southall Group on the disposal of its actuarial, investment consulting and pensions administration businesses to Xafinity

14 Dec 2017

Ashurst is advising Punter Southall Group on the disposal of its actuarial, investment consulting and pensions administration businesses to Xafinity plc for a total consideration of up to approximately £153 million.

The Ashurst team is being led by corporate partner Adam Levitt, assisted by senior associate Themo Georgiou and associates Akiko Morioka and Nina Chudobova.

DLA Piper advises Forge Energy LLC in US$946 million sale of assets to Oasis Petroleum

13 Dec 2017

DLA Piper represented oil and gas exploration and production company Forge Energy LLC in the sale of 20,300 net acres in the Delaware Basin to Oasis Petroleum Inc. in a US$946 million transaction comprised of cash and stock.

The deal is expected to close in February 2018.

The DLA Piper team representing Forge Energy was led by partner Steven Torello and included partner Gislar Donnenberg and associate Jason Nolingberg (all of Houston).

Gide, counsel to Hammerson on the sale of the Saint-Sébastien shopping centre in Nancy for €162 million

13 Dec 2017

Gide advised Hammerson on the sale of the Saint-Sébastien shopping centre in Nancy to AEW Ciloger, on behalf of SCPIs Laffite Pierre and Actipierre Europe, for approximately 162 million euros. Located in the heart of the city, the centre covers 24,000 sq.m. and is host to 105 outlets, including Monoprix, Intersport, C&A and Sephora. Hammerson is the 75% owner of the complex.