Eversheds has acted for English Cities Fund (ECf) on the forward funding and development of 135 new homes in New Bailey in conjunction with Legal & General Capital (LGC), acting through its Build to Rent partnership and Dutch pension fund manager, PGGM.
This latest addition brings the joint venture’s current pipeline to nearly 800 new homes, with a total capital commitment of over £250m.
Clifford Chance Moscow jointly with Schönherr Rechtstanwälte in Vienna have advised O1 Group on the sale of a 26% stake in Austrian CA Immo AG to IMMOFINANZ AG. The total value of the transaction is approximately EUR604 million.
The British pension fund Lancashire County Pension Fund (LCPF) has acquired a 12.5% equity stake in Madrileña Red de Gas (MRG), one of the leading gas distribution companies in Spain.
The transaction also included negotiating and entering into a partnership and shareholders agreement for joint development and the expansion of MRG’s gas business. LCPF joins as a partner and a main shareholder in the gas company, formed by EDF Invest, Gingko Tree Investment Ltd. and the Dutch pensions fund PGGM.
Matheson advised CLH Aviación, SA (“CLH”) on its successful tender for the design, build and operation of new fuel farm tanks at Dublin Airport under a long term services concession agreement with dublin airport authority plc (“daa”). As part of the concession, CLH will invest €40 million to construct a new aviation fuel storage facility at the airport which will increase existing capacity six fold. CLH will also manage the fuel and the aviation fuel storage for 20 years under the concession agreement.
Travers Smith LLP has advised longstanding client Phoenix Equity Partners ("Phoenix") on their investment in The Travel Chapter Group (the "Travel Chapter") alongside the Morris family, the Travel Chapter's founder owners. As part of the investment the Travel Chapter's current CEO, James Morris, has made a substantial reinvestment in the business. This is Phoenix's first investment from its new 2016 fund and the investment will support the continued growth of Travel Chapter and provide funding for future bolt-on acquisitions.
Herbert Smith Freehills has advised Mitsui & Co., Ltd. (Mitsui) on its acquisition of a 22.5% shareholding in forestry investment manager New Forests Pty Limited (New Forests).
Mitsui is one of the world’s most diversified trading, investment and services enterprises and manages a diverse portfolio of businesses, ranging from product sales, logistics and financing to the development of major international infrastructure.
Eversheds has acted for Primary Capital Partners LLP on their investment of £45million into MARU Group and its acquisition of eDigitalResearch, a market leading Voice of Customer business with its own proprietary technology infrastructure. The transaction included the carve-out of Vision Critical Research and Consulting, a customer intelligence professional services firm.
Düsseldorf, 5 April 2016. Linklaters advised thyssenkrupp on the acquisition of the minority interests in the Brazilian steel mill thyssenkrupp CSA. The seller of the interests of 26.87 per cent is the current minority owner Vale S.A. As a result, thyssenkrupp will be the sole owner of CSA in the future.
In the context of the acquisition of the interests, Vale’s minority rights and its rights to participate in decision-making as well as the existing operational performance and supply relationships between Vale and CSA will be terminated or re-negotiated.
Clifford Chance advised Al Tayyar Group on its acquisition of a 30% interest in Thaker Investments and Real Estate Company for a consideration of SAR803.8 million to be paid by way of shares in the Al Tayyar Group.
Thaker's primary business is the development of real estate in the Holy City of Mecca. Al Tayyar Group is a major tourism company in the Gulf region and is listed on the Saudi stock exchange.
Davis Polk advised Shanda Group in connection with its equity investment in Legg Mason, through which Shanda purchased substantially all of the shares of Legg Mason’s common stock owned by Trian Fund Management, L.P. and its affiliates, representing a 9.9% interest of Legg Mason’s current total outstanding shares of common stock.