Matheson recently advised the Ireland Strategic Investment Fund on its equity investment in Mainstay Medical International plc (“Mainstay”). Mainstay raised a total of approximately €30 million from the Ireland Strategic Investment Fund, existing investors and new investors.
Skadden is advising VTB Infrastructure Investments in the $2.5 billion acquisition of a 29.1 percent stake in Russian food retailer Magnit from Magnit's founder and Chief Executive Sergey Galitskiy.
Slaughter and May advised SB Investment Advisers (UK) Limited (SBIA), an investment adviser to SoftBank Vision Fund, on SoftBank Vision Fund’s investment in two technology companies in the Ping An group - Ping An Healthcare and Technology Company Limited (Ping An Good Doctor) and Ping An Medical and Healthcare Management Co., Ltd. (Ping An Healthcare Technology).
Orrick has advised JD.com, Inc. (NASDAQ: JD), China’s largest retailer and e-commerce company, on the financing of its logistics subsidiary, JD Logistics. Investors include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, among others.
DLA Piper has advised China Merchants Group (CMG) on its investment in JD Logistics, a subsidiary company of China’s largest retailer JD.com.
JD.com will continue to be the majority shareholder of JD Logistics, with a 81.4% stake after the completion of the deal, which is expected to close in the first quarter of 2018. Other investors include Hillhouse Capital, Sequoia China, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, among others. The total amount raised is expected to be approximately US$2.5 billion.
Kirkland advised Pollen Street Capital (“PSC”), a fund manager focusing on investments in the financial and business services sectors, which closed its third fund, PSC III, on 14 February, 2018. The fund exceeded the initial fundraising target of £350 million, closing with final commitments of £400 million from a number of high quality global institutional investors. The fund will primarily target lower mid-market investments in European financial services businesses with opportunities for growth and has so far made seven investments.
TLT advised Chris Frappell, founder and managing director of Tru Tension, on the completion of a £75,000 investment from retail entrepreneur Touker Suleyman, as featured on BBC's Dragons' Den on Sunday 11 February.
Tru Tension is an innovative manufacturer of must-have tools and care products for anyone in the motorcycling and motorsport industry. By providing a precise amount of tension every time, its tools and lubricants ensure optimum performance and extend the life of chain, belt and sprocket sets, providing the highest quality of care for moving components.
International legal practice Osborne Clarke has advised the management team of Travel Department, a leading tour operator for guided group holidays, on a significant investment by MML Growth Capital Partners Ireland. The investment is expected to complete before the end of March 2018, subject to regulatory approval.
Amundi Real Estate, Europe's largest asset investment manager, has sold 49 percent of shares in the Berlin office property Rocket Tower to Finnish pension fund Ilmarinen. International law firm Clifford Chance has again advised Amundi on this transaction.
The Berlin Rocket Tower complex comprises approximately 26,200 square metres of rental space, and its main user is the Internet eCommerce group Rocket Internet. Amundi had acquired
Cooley advised Uber on the negotiating and closing of its multi-billion dollar investment from a consortium of investors led by SoftBank, including a tender offer for secondary shares and a primary investment at Uber's prior valuation.