Leading international law firm Clifford Chance advised ICBC's Sino-Central Eastern European Fund on the admission of Hungary's EX-IM Bank to the Fund. Chinese Premier Li Keqiang arrived in Hungary this past Sunday for an official visit to the country and the sixth meeting of heads of government of China and 16 Central and Eastern European Countries (CEEC) in Budapest.
Osborne Clarke has advised the shareholders of Redstor Holdings, a leading provider of cloud data management software and services, on an investment by Birmingham-based Beech Tree Private Equity. The investment will be used to accelerate product development and to support complementary acquisitions.
Fried Frank advised Balderton Capital (UK) LLP (“Balderton”) on the structuring and raising of its new US$375 million venture capital fund, Balderton VI (the “Fund”). The Fund exceeded its target of US$350 million, with support from investors across the globe. The Fund will primarily invest in European technology companies at Series A-stage.
Addleshaw Goddard's leading North West Private Equity team has advised Inflexion on its £150m minority investment into Radius Payments Solutions, a leading fleet payments and telematics provider to SME's across Europe, North America & Asia.
The £800m business, founded by CEO Bill Holmes, is headquartered in Crewe and has continued to grow through a combination of organic and acquisitive growth, with over 30 acquisitions completed to date. Inflexion's Investment will support Radius's continued growth whilst helping to accelerate sales across the globe.
Advising ING Corporate Investments Participaties B.V. ("ING CI"), on the acquisition of a 45% stake in the capital of Rodepa Vastgoed B.V.
Schulte is advising Albertsons Companies, one of the nation’s largest food and drug retailers, in its investment in El Rancho Supermercado. A Texas-based retailer, El Rancho will continue to operate as an independent company headquartered in Garland, Texas. The agreement with El Rancho provides Albertsons Companies an opportunity to invest in the fast-growing Latino grocery sector. The closing of Albertsons’ initial investing occurred on Nov. 15, 2017.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Canada Pension Plan Investment Board (‘CPPIB’) on its approximately £675m investment for a 30 per cent stake in BGL Group (‘BGL’). BHL, the current owner of BGL, will retain a majority shareholding in the business. The transaction is expected to be completed during the second quarter of 2018.
Irwin Mitchell Advises HANetf On Deal
Law firm Irwin Mitchell has advised HANetf, Europe’s first independent full services third-party provider of UCITS Exchange Traded Funds (ETFs), on its seed funding round.
The business will provide a turnkey solution for the growing number of US and Asian ETF issuers and traditional asset managers seeking to enter Europe’s ETF market. It provides an innovative platform offering services including product development, compliance, operations, capital markets, sales, marketing and distribution.
Heuking Kühn Lüer Wojtek advised Capnamic Ventures on its investment in start-up company ZAGENO, an online marketplace for life science research products.
ZAGENO connects scientists, research institutes, and biotech manufacturers, enabling scientists to select the most important products for their labs from a high-quality portfolio. ZAGENO is headquartered in Boston/USA, but also operates in Germany via a subsidiary for ZAGENO Group from Berlin.
Global law firm White & Case LLP has advised leading alternative investments firm EQT on its acquisition of a 40 percent stake in music company Epidemic Sound.
Venture capital firm Creandum, which also holds a stake in Spotify, increased its ownership in Epidemic Sound to 20 percent as part of the deal, while the company's founders and employees will own 40 percent. Epidemic Sound was founded in 2009 as a production music library, and now helps individuals and companies soundtrack their stories with music.