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Corporate

Osborne Clarke advises Equitix on the UK's largest solar O&M consolidation

27 Oct 2018

International legal practise Osborne Clarke has advised leading UK infrastructure manager and project management provider, Equitix and Equitix Management Services, on the tender and successful completion of the initial two phases of the largest Solar O&M consolidation project in the UK.

The project involves 12 solar parks comprising c.150MWp the four phase project is being managed by Equitix Management Services across a two year period.

Ashurst advises Resolution Life on A$3.3 billion acquisition of AMP Life

26 Oct 2018

International law firm Ashurst has advised Resolution Life Group (Resolution) on its agreement with AMP Life (AMP) to acquire its Australian and New Zealand wealth protection and mature business for a total consideration of A$3.3 billion, including cash and non-cash consideration.

Under the terms of the transaction, Resolution assumes the risk and profits of the wealth protection and mature businesses from 1 July 2018, subject to Australian wealth protection risk-sharing arrangements.

Jacobs Sells Energy, Chemicals, and Resources Business to WorleyParsons for $3.3B

25 Oct 2018

Fried Frank acted as counsel to Jacobs Engineering Group Inc. (Jacobs), in its US$3.3 billion definitive agreement to sell its Energy, Chemicals, and Resources (ECR) segment to WorleyParsons Limited. Jacobs provides a full spectrum of services including scientific, technical, professional, and construction, as well as program-management for business, industrial, commercial, government, and infrastructure sectors. WorleyParsons Limited is a professional services company based in Australia.

MongoDB Acquires mLab

24 Oct 2018

Cooley advised MongoDB on its agreement to acquire mLab, a cloud database service. The acquisition is expected to close in November. Cooley partner Steve Tonsfeldt led the team advising MongoDB on the transaction.

According to MongoDB, the acquisition will help deepen its relationships with developer-centric startup communities, a segment with which mLab has been very successful. The combination will also allow it to grow its proprietary automated cloud service, MongoDB Atlas.

WFW advises on Tages Helios’ Italian solar portfolio project financing by BPER Banca

24 Oct 2018

Watson Farley & Williams (“WFW”) advised Tages Helios and Delos Power Group on the corporate reorganisation and refinancing of a solar portfolio owned by Sicilia Solare S.r.l., an SPV of Delos Power S.r.l. The solar plants are located in Sicily (Italy).

The financing was provided by BPER Banca S.p.A. a commercial bank, which is the parent entity of the BPER Group, one of Italy’s leading banking groups.

Gide, counsel to Casino Group on signing a synallagmatic agreement for the disposal of a portfolio of 14 Monoprix real estate assets

23 Oct 2018

Casino Group signed a synallagmatic agreement with AG2R La Mondiale for the disposal of 14 Monoprix real estate assets and subsequent lease of the real estate assets to Monoprix, with a geographical mix representative of the overall Monoprix footprint. After deducting registration fees, the net amount of the transaction is 180 million euros, for an annual lease payable by Casino of 8.6 million euros. The proceeds from the disposal will be received no later than January 2019.