Ashurst has advised David Royle Bus Holdings Pty Ltd on its entry into an agreement to sell Forest Coach Lines ('FCL'), alongside Next Capital, to ComfortDelGro Corporation Australia Pty Ltd ('CDC') for A$110 million.
International law firm CMS has advised AXA Investment Managers - Real Assets on its agreement with insurance group Hiscox (HSX.L) who have taken up space in City of London tower Twentytwo, signing a 19-year lease over three floors of the building. It will become Hiscox’s principal office in London.
A multidisciplinary London-based team at global law firm Greenberg Traurig, LLP advised InterContinental Hotels Group plc on its arrangements with French real estate investor Covivio (formerly Foncière des Régions) to rebrand and operate 12 high-quality open hotels and one pipeline hotel in the UK following the acquisition of the hotels by Covivio from Starwood Capital Group. The deal was closed on 25 July with the overall transaction being valued at approximately £858 million.
Hill Dickinson's corporate team has recently advised AIM-listed client UK Oil & Gas plc (UKOG) on its change from an investment company to an operating company.
UKOG is a British oil and gas company with a portfolio of 8 UK onshore projects. In particular, it has invested primarily in oil and gas assets located in the Weald Basin in southern England where oil and gas drilling has been taking place for well over 100 years.
PARIS – International law firm McDermott Will & Emery advised Acticor Biotech in signing an asset transfer and licensing agreement with CMS Medical Limited regarding the development and commercialization of Acticor’s flagship candidate-drug, ACT017. McDermott also advised on an investment agreement with CMS Medical Venture Investment Limited, a wholly owned subsidiary of China Medical System Holdings Limited®.
Orrick advised Ringmetall AG and ODDO BHF AG on the drafting of a prospectus for an up-listing from the open market (Segment Scale) to the regulated market (General Standard) of the Frankfurt Stock Exchange.
With the approval of the securities prospectus by the Federal Financial Supervisory Authority and the admission of stocks to the regulated market, the quotation in the General Standard was approved on July 31, 2018. The up-listing has been supported by ODDO BHF AG.
London Office represented J.C. Flowers & Co. LLC on its establishment of a London wholesale broking platform and the acquisition of two London brokers.
The listed Belgian transmission system operator Elia System Operator SA/NV (Elia) has exercised its pre-emption right regarding the remaining 20 per cent of shares in Eurogrid International CVBA (Euorgrid), the holding company of the German grid operator 50Hertz Transmission GmbH (50Hertz). Elia’s existing partner, the Australian infrastructure fund IFM Global Infrastructure Fund (IFM) has previously entered into an agreement with a third party on the sale of its remaining shares in Eurogrid.
Leading commercial law firm Hill Dickinson has advised Blackburn Rovers Football Club on its deal with new shirt sponsor, 10Bet, an online sports betting firm.
10Bet’s brand will feature on the front of the Championship club’s home and away shirts, as well as in prominent positions around Ewood Park stadium.
Daniel Corcos, 10Bet marketing director, said: ‘Blackburn Rovers are an iconic English club with a large and passionate fan base and represent a superb fit for our growing UK brand.
Paris office represents ISS in its pending negotiations to sell its “ISS Hygiène et Prévention” division to the Ortec Group.
On July 30, ISS, a global leading facility services provider, has agreed to enter into exclusive discussions with Ortec Group with a view to divest ISS Hygiène et Prévention, a leading provider of B2B hygiene and prevention services to the French market.