Shaw healthcare, one of the UK’s leading providers of residential and nursing care for the elderly, has agreed to sell a minority stake to Bridges Evergreen Holdings (“Evergreen”) for £10m to accelerate its growth and development.
Eversheds Attorneys advised the buyers in a real estate arrangement in which 40 per cent of the shares of a company called Kiinteistö Oy Oulun Alasintie 10 were transferred to the ownership of Yleisradion Eläkesäätiö and 40 per cent to the ownership of Apteekkien Eläkekassa.
The company owns real estate and a newly constructed commercial building in Limingantulli, Oulu, the premises of which are mainly leased to private parties as business and office premises. The aim is to significantly expand the commercial centre by the year 2021.
Gide’s Casablanca and Brussels offices assisted Renault Trucks (Volvo group) on the divestment of its Moroccan subsidiary Renault Trucks Maroc to longstanding distribution partner Groupe Bernard Hayot (GBH).
The closing took place on 1 November 2017, following the approval of the transaction by the Moroccan competition authorities.
Kirkland & Ellis LLP advised affiliates of Bain Capital Private Equity on their proposed investment of over a $1 billion (68.54 billion Indian rupees) in Axis Bank, the third largest private sector bank in India. Axis Bank is raising over $1.8 billion (116.26 billion Indian rupees) in total from investors and received approval for the capital raise from its Board of Directors on November 10, 2017. Once completed, this will be one of the largest ever private equity investments in the Indian banking sector.
King & Wood Mallesons (KWM) has advised Arcano Capital on the structuring of its first venture fund, Arcano Ventures, with a target size of USD 200 million. Arcano joined forces with the US investment firm Urizen on this project.
Arcano Ventures is aimed at investment in IT companies with high potential growth and, especially, companies focused on new technologies such as big data and artificial intelligence based in Silicon Valley (US), where most of these companies are located.
Osborne Clarke has advised the Business Growth Fund (BGF) on a 10 million investment into Roc Technologies, one of the fastest growing companies for IT services. The investment will support Roc’s longer-term growth strategy and immediate acquisition of City Change Management (CCM), a provider of project management services for complex business and IT transformation projects.
Gowling WLG's Corporate, Finance and Tax team in Birmingham has advised Palatine Private Equity's Impact Fund on its investment into e-days, the rapidly growing provider of employee absentee management software.
Palatine Private Equity's Impact Fund is a £100m investment vehicle targeting growth companies that also deliver a positive social and/or environmental impact.
Its investment into e-days is the third successful deal completion in the Midlands, following the opening of Palatine's Birmingham office in December 2015.
Global law firm White & Case LLP has advised Nordic telecoms operator Telia Company on the US$1 billion sale of its approximately 19 percent holding in MegaFon, a leading federal mobile telecoms operator in Russia, to Gazprombank, the third largest bank in Russia.
The transaction represents Telia Company's sale of its remaining stake in MegaFon at a price of RUB 514 (US$ 8.86) per share, raising gross proceeds of RUB 60.4 billion (approximately US$1.03 billion).
Simpson Thacher represented KKR in its acquisition of a 12.64% stake in PT Nippon Indosari Corpindo Tbk (“Indosari”), which is listed on the Indonesian stock exchange (IDX: ROTI). Established in 1995, Indosari is Indonesia’s leading mass-produced, branded bread company, with 10 manufacturing facilities in eight Indonesian cities. Marketed under its own Sari Roti brand, Indosari sells packaged bread and cake products across its network of 67,000 points of sale.
OC Queen Street LLC, the Singaporean office of international legal practice Osborne Clarke, has advised Horangi, a Singapore-based cybersecurity startup, on a US$3.1 million Series A round led by Monk’s Hill Ventures with other participating VCs and private investors.
The fund will aid Horangi in improving its technology, scale business operations as well as accelerate its expansion in key Asian markets.