International law firm Watson Farley & Williams (“WFW”) has advised DIF Renewable Energy Fund (“DIF”) on its sale of a portfolio of operational French wind projects to a fund managed by Allianz Global Investors (Luxembourg) (“AGI”).

The portfolio consists of six projects with a total installed capacity of 62 MW, commissioned between 2006 and 2009. DIF is an independent, specialist fund management company, with approximately €3.2 billion under management.

Slaughter and May is advising Equinix, Inc. on the sale of eight assets in its European business to Digital Realty Trust, Inc. for $874.4 million. The sale was a condition of the clearance from the European Commission for the acquisition of Telecity Group plc by Equinix in January 2016, on which Slaughter and May also advised.

The Equinix legal team was led by EMEA General Counsel Peter Waters along with legal counsel Nick Greaves and Heimold Nemec.

Italian corporate team leads significant aerospace transaction.

Latham & Watkins advised Finmeccanica (now Leonardo - Finmeccanica – Società per azioni), together with its in-house legal team, in the negotiations of a supply agreement for 28 Eurofighter Typhoon combat jets to the State of Kuwait, as well as of the relevant industrial agreements in the Gulf region which were ancillary to the supply.

Jantar is one of the largest retail centers in the Central Pomerania region of Poland. Opened in 2008 and significantly expanded in 2011/2012, the center offers 140 stores on 44,364 sq.m. of retail space. The area of the center is approx. 95 percent leased. Jantar also features a leisure zone with a multiplex cinema, bowling alley, cafés and restaurants, as well as a children’s playground.

The Dentons team was supervised by Pawel Debowski, Chairman of the European Real Estate Group, and supported by Associate Jacek Jezierski.

Grove and Lindorff acquire Project Corus.

Banco Sabadell has sold one of its largest non-performing loan portfolios with an outstanding balance of €980 million. Grove Capital Management, a distressed asset investment group, and Lindorff, a debt recovery company, have acquired the sub-portfolios of the “Corus” portfolio.

Dentons assisted Orion European Real Estate Fund IV (a fund managed by Orion Capital Managers) in the transfer to TH Real Estate of the company Investimenti Commerciali Meraville S.r.l. which owns the Bologna Meraville Shopping Centre.

The Shopping Centre in question, located 6 kilometers from the historic center of Bologna, has 36,000 sq.m. of GLA, is fully let and sees the presence of large distribution brands such as Coop, Decathlon, Leroy Merlin and Mediaworld.

Two recent transactions highlight the cross-border and cross-practice group collaboration in Orrick’s mergers and acquisitions practice. In addition, these deals highlight a recent trend of public companies tying M&A deals to their earnings announcement, which creates the need for a large and coordinated team to meet a very aggressive timetable.

Financial investor Triton acquired the Industrial Services business unit of the technology group Voith.

Munich partner Benedikt Hohaus advised the management of Voith on the transaction with regard to their interests.

Voith retains a financial participation of 20 percent and will remain involved through the transition. Further terms of the purchase remain confidential. The execution of the contract is subject to approval by the relevant antitrust authorities.

Allen & Overy LLP advised TNT Express N.V. on the intended disposal of its Innight Business in Germany, Austria, Belgium and the Netherlands to Special Situations Venture Partners III Fund, advised by Orlando Management AG.
The parties agreed not to disclose the purchase price.

The transaction is executed as a combined asset and share deal. Allen & Overy provided advice on German, Dutch and Belgian law. The transaction involved a competitive bidding process in which several bidders negotiated until shortly before the end of the transaction.

Davis Polk is advising Li & Fung Limited (“Li & Fung”) on its agreement with Dah Chong Hong Holdings Limited (“DCH”) and Neosota Corp, a wholly owned subsidiary of DCH, to divest Li & Fung’s Asia consumer and health care distribution businesses for a cash consideration of $350 million (on a cash-free and debt-free basis and subject to closing adjustments).