Clifford Chance has advised ENGIE on the sale of its upstream and midstream LNG activities, liquefaction, shipping and international LNG trading, for an aggregate value of US$2.04 billion, including an earn-out of up to US$550 million based on future oil market developments.
Eversheds Sutherland has advised EDF Energy Renewables on selling a majority stake in five of its UK onshore wind farms to Greencoat UK Wind PLC, one of the UK’s largest investors in the resource efficiency and renewable energy market.
Pinsent Masons has advised Redefine International P.L.C., the FTSE 250 income focused UK-REIT, on the sale of the Leopard (German supermarket) Portfolio for EUR 205 million.
Redefine International disposed its indirect shares in 11 target companies and two single assets by means of a mixed asset and share deal including the transfer of existing loans. Patrizia Alternative Investments GmbH acquired the portfolio for a foreign pension fund.
Taylor Wessing advised the Danish company Kaiserwetter Solar Invest ApS on the disposal of a portfolio of solar parks. The portfolio comprises 14 solar plants with a total output of 29.66 megawatts.
The purchaser is an affiliate of Cerberus Capital Management (Cerberus), a global leader in alternative investing.
In connection with the acquisition of the shares in the German and Spanish companies holding and operating the solar park portfolio, Cerberus also purchased a portfolio of loans associated with the companies held by HSH Nordbank AG.
Slaughter and May advised Ørsted (formerly known as DONG Energy) on its disposal of a 50% interest in the 659MW Walney Extension offshore wind farm to a consortium consisting of PKA and PFA, two leading Danish pension funds. It also advised on the terms of certain related financing, construction management, operations and maintenance and power purchase arrangements.
Taylor Wessing has advised Caledonia Investments plc (Caledonia) on its £80.6m disposal of a high profile London members club, The Sloane Club, to a JV between Queensway Group and Clearbell Property Partners.
Davis Polk advised Comodo Group on the acquisition of a majority stake in its certificate authority business by Francisco Partners. Financial terms of the transaction were not disclosed.
Norton Rose Fulbright is advising Hong Kong-listed China Foods Limited on a US$649 million wine and non-beverage business disposal to China Foods (Holdings) Limited, a unit of its state-owned parent enterprise COFCO Group.
The disposed business is primarily involved in the production and distribution of products under the “Greatwall” brand, which has interests in five China-based production plants in the China and another five wineries globally.
Taylor Wessing, the international law firm, has advised Canada Life Limited on the sale of the Holiday Inn in Birmingham, Walsall M6, Jct.10 to CL Capital - an Asian based investment fund.
A subsidiary of the Dutch company MERA Real Estate B.V. has sold the Gertrudiscenter in Bochum to ILG Capital GmbH, headquartered in Munich. ILG is acquiring the shopping centre for its open-ended special AIF "ILG Einkaufen Deutschland I". The vendor was advised by Clifford Chance.