Simmons & Simmons has advised Samsung Asset Management (Hong Kong) Limited on its first exchange traded funds (ETFs) listings in Hong Kong, the KODEX HSI Futures ETF and KODEX HSI Futures RMB FX ETF. Samsung is a pioneer of futures-based ETFs in Korea.
Noerr has advised Rocket Internet AG on the acquisition of a 30 per cent stake in the internet platform Delivery Hero. Delivery Hero is the world’s leading group for online and mobile food delivery services. Rocket acquired both existing and new shares with the transaction, which has a volume of approximately 496 million euros. Rocket Internet has been listed on the Frankfurt Stock Exchange since October 2014 and regularly relies on Noerr to provide it with advice and support with respect to its activities.
Shoosmiths has advised Consilia Investments Limited on their co-investment with members of the target's management, into a newco and the company's subsequent acquisition of Allied Textiles Limited from Chamonix Private Equity.
Clifford Chance has advised Man Group plc on establishing a Qualified Domestic Limited Partner (QDLP) fund in Shanghai, China to invest in Man Group's flagship multi-strategy offshore fund. Chinese investors in the QDLP fund include institutional investors such as the Industrial and Commercial Bank of China (ICBC) and CITIC Trust. This completes Man Group's first phase of the QDLP programme, which allows foreign alternative asset managers to raise funds onshore from qualified Chinese investors through their management units in China for overseas investment.
AUCTUS Capital Partners AG (AUCTUS) has successfully completed the fundraising for its fourth fund (EUR 230m.) in record time.
As already done in previous fundraising, P+P Pöllath + Partners has provided comprehensive advice to Auctus, in particular with regard to contract law, tax and regulatory aspects of the fund structuring, contract documentation and negotiations with domestic and foreign investors.
The participation of an Australian investor raised specific complexity.
The following Berlin and Frankfurt P+P team advised Auctus:
Dentons has advised Total on its successful bid for an interest in the new 40 year Abu Dhabi onshore oil concession, known as the new ADCO onshore concession. The first stakeholder to be awarded a concession interest by the Supreme Petroleum Council of Abu Dhabi, Total receives the maximum available 10% participating interest, effective January 2015. Total was also appointed Asset Leader for the key Bu Hasa and South East assets, which collectively represent approximately two-thirds of ADCO’s production.
Hogan Lovells has advised Five Arrows Principal Investments, the mid-market private equity fund backed by the Rothschild Group, and Camwell Management LLP on its investment in Pirum Systems Limited. The transaction signed on 4 February 2015.
FPE Global, the materials handling and process engineering group, has moved its banking to Lloyds Bank Commercial Banking after securing new funding worth £3.7m.
The funding package includes a £2.25m trade finance facility which will provide working capital for FPE Global’s import and export activity and replaces the facilities provided by its previous banking partner.
Shoosmiths has advised Milton Keynes based Intelligent Maintenance Systems Limited (IMS) on a key strategic transaction with E.ON Connecting Energies Limited (ECT) which has seen the energy company take a 25% stake in the company.
Corporate partner Sanjeev Sharma led the Shoosmiths team with assistance from Iain Butler (senior associate), Claire Checketts (associate), Aleksandr Bosch (trainee solicitor) and James Grinstead (paralegal). The Shoosmiths' commercial team led by Sebastian Price and tax lawyers Tom Wilde and Jamie Chambers also advised on the transaction.
Addleshaw Goddard's Manchester Corporate team has advised private equity firm Living Bridge on its investment into one of the largest self-catered holiday property letting agencies in the UK, Sykes Cottages.
Addleshaw Goddard's Manchester Corporate team has advised private equity firm Living Bridge on its investment into one of the largest self-catered holiday property letting agencies in the UK, Sykes Cottages.