Squire Patton Boggs has advised the UK’s largest independent hotel group, Bespoke Hotels, on an agreement to design and develop a new five-star luxury hotel in Sun Street, part of the One Crown Place mixed-use development in London. The firm also acted for Bespoke Hotels on the launch of Hotel Gotham in Manchester, which opened in 2015.
San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Saba Software, a portfolio company of Vector Capital, in its execution of a definitive agreement to acquire Lumesse, a leading provider of talent acquisition, talent management and learning experience technology in Europe.
Client name
BC Partners
Nature of transaction
De Brauw acted as Dutch counsel to funds advised by BC Partners on its definitive agreement to acquire majority ownership of United Group, the leading media and communication services provider across South East Europe, from KKR. KKR will retain a substantial minority stake. Financial terms of the transaction were not disclosed, and the transaction is subject to relevant regulatory approvals. More information on the transaction is available in the press release from BC Partners and KKR
Value of transaction
Travers Smith LLP has assisted its long-standing client, Euroclear UK and Ireland (EUI), on the successful launch of a new service for US dollar securities transactions under a central bank payment model (the US Dollar Service).
EUI is the central securities depository (CSD) for the United Kingdom and Ireland. It provides state-of-the-art, post-trade services for UK, Irish and international securities on a delivery-versus-payment (DvP) basis in sterling, euro and US dollars.
KKR Forms SinoCare and Acquires Majority Stake in HeTian
Simpson Thacher represented KKR in connection with the creation of SinoCare Group, an investment and management platform company, which aims to provide high-quality healthcare services to patients in China through the acquisition, build-out and consolidation of hospitals. SinoCare will work with KKR to bring top medical resources and management experience that aim to improve service capabilities and operational efficiencies to healthcare service providers within the SinoCare platform.
Global law firm Norton Rose Fulbright has advised a group of banks, including The Royal Bank of Scotland, the European Investment Bank, Crédit Agricole CIB, UniCredit and Banca IFIS, which provided financing to Veneta Sanitaria Finanza di Progetto S.p.A., the concession holder for Ospedale dell’Angelo di Venezia-Mestre (also known as the New Hospital in Mestre), in relation to the approval for the sale of a 59.4 per cent stake in the hospital concession holder by Astaldi S.p.A. and its subsidiary Astaldi Concessioni S.p.A., to Core Infrastructure II S. à r.
Kirkland & Ellis International LLP represented funds advised by BC Partners on its definitive agreement to acquire majority ownership of United Group, the leading media and communication services provider across South East Europe, from KKR. KKR will retain a substantial minority stake. Financial terms of the transaction were not disclosed, and the transaction is subject to relevant regulatory approvals.
International law firm Ashurst is advising Goldman Sachs on the launch of its digital-first retail banking platform, Marcus by Goldman Sachs. The new online bank intends to offer savers a consistently competitive interest rate, which starts today (September 27) at 1.50%.
Marcus combines Goldman Sachs’ 149-years of financial expertise and risk management with great customer service and the innovation and approach of an agile tech company to help customers manage their money easily and effectively. Marcus has been available in the US since 2016.
TLT has advised AIM-listed online fashion retailer boohoo group plc on the appointment of John Lyttle as its new chief executive, a major development for the brand.
TLT worked with Keri Devine, general counsel and company secretary of boohoo, to provide a critical advisory role to both her and the board giving pragmatic legal guidance at different stages of the appointment.
The TLT team included corporate partners Alice Gardner and Elizabeth Delaney, and employment and incentives partners Ben Watson, Ed Cotton and Paula Cole.
Frankfurt—Global law firm Dentons has advised the European DataWarehouse (ED) to support it in becoming the world’s leading securitization repository under the new EU Securitization Regulation which aims to create a specific framework for simple, transparent and standardised (STS) securitization. Under the new regulation certain transaction-related information must be reported to securitization repositories.