Davis Polk is advising UCAR Technology Inc. in connection with its acquisition of shares in CAR Inc. from Hertz and Mr. Charles Lu, the founder of CAR Inc.

Pursuant to the terms of the share purchase agreements, UCAR Technology has conditionally agreed to acquire approximately 23.97% of the issued shares of CAR Inc. for an aggregate consideration of approximately HK$5.26 billion. The acquisition is subject to a number of conditions precedent.

Osborne Clarke has advised LendInvest, the UK’s first and largest online marketplace for property lending and investing, on its growth equity investment from Atomico of £17m. With the completion of the minority investment from global growth equity investor Atomico, LendInvest will accelerate its expansion and continue its high growth trajectory, focusing on extending into the broader UK mortgage market.

CMS has advised SSE plc (“SSE”) on the signing of agreements for the disposal of 49.9% of its operational 349.6MW Clyde Wind Farm to Greencoat UK Wind Plc (“UKW”) and GMPF & LPFA Infrastructure LLP (“GLIL”), a partnership between the Greater Manchester Pension Fund and the London Pensions Fund Authority, for a headline consideration of £355m.

An extension to the Clyde Wind Farm is currently under construction and, once completed, will increase the capacity of the Wind Farm to 522.4MW.

Stibbe advises Egeria on the sale of its 40% interest in railroad maintenance company ASSET Rail to Arcadis and Dura Vermeer.

Team: Duco de Boer, Ingmar de Groot, Paul Vestering, Erik Verweij, Bianca Geuze-Draaijer

DAC Beachcroft has completed its first major piece of work for  UK trampoline parks operator, Oxygen Freejumping, resulting in a £10m investment to expand the business.

A DAC Beachcroft team advised Oxygen Freejumping on the fundraising that will see the company open 30 parks within the next two years, as it seeks to capitalise on the growing popularity of trampolining as a leisure activity.

Skadden is advising semiconductor materials manufacturer Soitec on two successive capital increases for a total consideration of €130 million to €180 million, supported by Chinese National Silicon Industry Group (NSIG), CEA Investissement (a French government-funded technological research organization) and Bpifrance.

Ashurst advised Khaled Juffali Energy and Utilities, a Saudi Arabian power company which specialises in developing reliable power generation through conventional and renewable energy resources, on its acquisition of a 38.1% stake in Omani utility United Power Company SAOG (Manah IPP) from MENA Infrastructure Fund LP.

Utilities partner David Charlier led the Ashurst team, assisted by counsel Chris Young leading the transaction and Mhairi Main Garcia.

Novo A/S has announced an expansion of its large investment portfolio through an investment in ERT alongside Nordic Capital Fund VIII. Plesner has acted as Novo A/S' legal advisor.

ERT is the leading provider of high-quality electronic data collection solutions for clinical drug development programmes. The company is headquartered in the US and its 1200 employees support more than 1500 clinical trials globally on an annual basis. The investment in ERT marks the expansion of Novo A/S' focus on its large investments to include the US.

freenet, Germany's largest network-independent mobile services provider continues to expand in the digital lifestyle market as a provider of Internet-based applications for private clients. In implementing this strategy, freenet has now acquired a stake in start-up EXARING AG and initially acquired 24.99 percent of its shares.

London—Dentons has advised AccorHotels on its equity investment into Oasis Collections. AccorHotels is a short term rental platform with 1,500 properties in operations across Latin America, the US and Europe. Oasis Collections provides personalised services to leisure and corporate clients in 18 destinations.