It was announces May 3, 2016 that Lundin Petroleum acquires Statoil's stake of 15% in the Edvard Grieg field. As part of the transaction Statoil increases its ownership in Lundin Petroleum to 20.1 percent.
Statoil’s stake in the Edvard Grieg field includes a 9% stake in the Edvard Grieg oil pipeline and 6 % share in Utsira gas pipeline.
Beijing - Paul Hastings represented Ally Bridge Group (“ABG”), a global healthcare-focused investment group, in its Series B investment into LinkDoc Technology Limited ("LinkDoc"), a leading oncology big data company based in China, alongside other leading Chinese and international investors.
Mayer Brown advised Unilever Ventures, the venture capital and private equity arm of Unilever, on its Series B investment in Blis, a global industry leader in location-based advertising technology. Blis’ proprietary technology provides accurate location data and in-depth behavioural insights to global brands.
The London and Paris offices of Debevoise & Plimpton are advising AltaOne Capital LLP, acting in consortium with Silver Lake, in its agreement to acquire 37.6% of the share capital of Cegid Group, a leading French enterprise management software and cloud services provided. The consortium will acquire the shares from Groupama SA, Groupama Gan Vie and ICMI, a company controlled by Jean-Michel Aulas. The offer values 100% of the issued and outstanding ordinary shares of Cegid Group at c.€580 million (on a fully diluted basis).
Hospitality and food service industry company Mövenpick invests in Chinese wine wholesaler Cheers by acquiring a strategic stake. Cheers has 30 branch offices in the greater Beijing area and currently generates annual revenues of roughly three million Swiss francs. Mövenpick is a Swiss group of companies with global presence. Its core competency lies in the hospitality business, with a focus on gastronomy, hotels, wine and premium branded products.
Private equity investment firm Genui Partners acquires a 30% stake in German food producer mymuesli LLC which in turn acquires all of the shares in Swiss mymuesli LLC. Mymuesli group, founded in 2007, is currently active in five countries with around 650 employees and operates almost 40 food shops in the DACH region.
Schoenherr, a leading corporate law firm in Central and Eastern Europe, together with Clifford Chance, Moscow, advised Terim Limited (Cyprus) and 01 Group Limited (Cyprus) as Sellers, on the sale of a 26 % participation in CA Immobilien Anlagen Aktiengesellschaft ("CA Immo"), listed at the Vienna Stock Exchange, to IMMOFINANZ AG ("IMMOFINANZ").
Shoosmiths has advised a cutting-edge emissions detections company, Duvas Technologies (Duvas), on their £2.2m investment from private equity fund manager and Enterprise Investment Scheme specialist Calculus Capital.
King & Wood Mallesons has advised Lonsdale Capital Partners LLP on the close of its first fund at its target and hard-cap amount of £110 million after nine months of fundraising.
CHSH Cerha Hempel Spiegelfeld Hlawati has advised IMMOFINANZ AG on its acquisition of the 26% stake in CA Immobilien Anlagen AG held by the O1 Group, on refinancing (a bank loan and the intended issue of a convertible bond), on issues relating to company law and also with regard to merger control.