International law firm Ashurst advised Transport for London (TfL), on the contract with Siemens Mobility Limited for the delivery of rolling stock for London Underground’s Deep Tube lines (the Piccadilly, Bakerloo, Central and Waterloo & City lines). The first order covers the design and build of 94 trains to replace the entire 1970s-built Piccadilly line fleet and an associated fleet services agreement covering the supply of spares and whole life technical support – a value of approximately £1.5 billion.

Fried Frank acted as counsel to Information Resources, Inc. and New Mountain Capital in connection with the negotiation of a definitive agreement through which Vestar Capital Partners will lead a new investment in IRI. Post-transaction, New Mountain and Vestar will jointly govern IRI, which has been a New Mountain portfolio company since 2011. Terms of the agreement, which is expected to close in the fourth quarter of 2018, were not disclosed.
 

PARIS – McDermott Will & Emery advised Oscaro in its transaction with Parts Holding Europe group, a major European player in spare car parts distribution backed by Private Equity giant Bain Capital.

Founded in 2005, Oscaro is a European leader of the online spare parts market with a 2017 turnover of over 300 million euros and more than 8 million clients. Its alliance with Parts Holding Europe, a solid and ambitious partner, enables the development of a European omni-channel leader in all customer segments, including institutional and individual consumers.

Orrick’s team in Paris advised ENEO, Cameroon’s main producer and exclusive distributor of energy, on the conclusion of the third amendment to its concession contract.

Leading global law firm Herbert Smith Freehills has advised EDF, one of the world’s leading electricity companies, IFC (International Finance Corporation), a member of the World Bank Group, and the Republic of Cameroon (as investor) on the final agreements, including the financing, for the construction, operation and maintenance of the Nachtigal hydropower plant.

Global law firm Norton Rose Fulbright is advising the ASEAN Financial Innovation Network (AFIN), formed by the World Bank’s International Finance Corporation, the Monetary Authority of Singapore and the ASEAN Bankers Association, on the establishment of a global FinTech marketplace and sandbox platform, called API Exchange (APIX), hosted in Singapore.

The London office of global law firm Greenberg Traurig LLP represented AstraZeneca AB on its agreement with Grünenthal to divest the European rights to Nexium for an upfront payment of USD700 million with further sales-related and milestone payments of up to USD90 million. Nexium (esomeprazole) is a proton pump inhibitor that decreases the amount of acid produced in the stomach.