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Asset Sale: Seller's Counsel

Laureate Education closes sale of Glion Institute of Higher Education and Les Roches International School of Hotel Management to Eurazeo

14 Jun 2016

On 14 June 2016, Laureate Education, Inc., the largest global network of degree-granting higher education institutions, and Eurazeo, a leading European investment company, successfully completed the sale and purchase of Glion Institute of Higher Education and Les Roches International School of Hotel Management, including their affiliated campuses in London, Marbella, Shanghai, Amman and Chicago, after having obtained approval from the New England Association for Schools and Colleges (NEASC).

NXP Semiconductors to divest its Standard Products Business

14 Jun 2016

De Brauw Blackstone Westbroek has assisted NXP Semiconductors in the USD 2.75 billion sale of its Standard Products Business to a consortium of financial investors, consisting of Beijing Jianguang Asset Management Co., Ltd and Wise Road Capital LTD. The transaction is expected to close in the first quarter of 2017, pending all required regulatory approvals and employee representative consultations.

Gleiss Lutz advises Blackstone on the sale of the "Meerwind" offshore wind farm to Chinese investor

13 Jun 2016

Today, US private equity investor The Blackstone Group (Blackstone) announced the sale of its majority stake in the “Meerwind” offshore wind farm to China Three Gorges, a global Chinese energy company. The deal, which was announced today during the German Chancellor’s visit to China in the presence of the Chancellor and the Chinese prime minister Mr. Li, values the wind farm, according to press reports, at about EUR 1.6 billion. Closing is subject to regulatory approvals and expected during the third quarter of this year.

Sidley Represents BlackRock-Advised Fund on Sale of Singapore Office Tower to Qatar Investment Authority

07 Jun 2016

Sidley represented a BlackRock-advised fund on its sale of Asia Square Tower 1 to Qatar Investment Authority. This transaction when completed will be one of largest commercial real estate transactions in the history of Singapore.

Asia Square Tower 1, completed in 2011, is a 43-story building located along Marina View at Marina Bay in Singapore, containing 1.2 million square feet of office space and 40,000 square feet of retail space.

Orrick Advises HELLA on Sale of Special Applications

07 Jun 2016

An Orrick team in Düsseldorf advised HELLA in the sale of Special Applications, which comprises two business units : HELLA Industries and HELLA Airport Lighting. Both segments were sold separately to two different purchasers.

HELLA Industries was sold to Wünsche Group, a service provider and trading company, operating in the fields of food, textiles and clothing, consumer electronics, hard goods, e-commerce and services. The transaction with Wünsche Group is still subject to the condition precedent of the approval of the German Federal Cartel Office.

Stibbe advises on the sale of the building De Rotterdam

02 Jun 2016

Stibbe advises Rabo Real Estate Group on its sale of the building De Rotterdam to a consortium of Korean Investors, led by AMUNDI Real Estate.

The iconic building was designed by OMA/Rem Koolhaas. The sale comprises approximately 75,000 sq m of office space, the nhow hotel with 278 rooms and approximately 2,000 sq m of conference and event spaces, approximately 3,000 sq m of commercial units and the 5-storey car park with 670 places. This makes it the largest single asset transaction of recent times.