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Fund/Investment Management

Ashurst advises Macquarie Capital on acquisition of an interest in offshore wind farm EnBW Baltic 2

14 Jan 2015

Ashurst advised Macquarie Capital on the acquisition and financing of an 49.89 per cent interest in offshore wind farm EnBW Baltic 2 in the Baltic Sea. The shares were sold by EnBW Energie Baden-Württemberg AG ("EnBW") for €720 million. A corresponding purchase agreement for the acquisition of shares in the future joint company holding the wind farm as well as a shareholder's agreement have now been signed.

Wragge Lawrence Graham & Co helps Riviera Travel cruise through new investment

13 Jan 2015

Wragge Lawrence Graham & Co has advised Riviera Travel (Riviera) on a significant investment made into the company by private equity firm, Phoenix Equity Partners.

Based in Burton-upon-Trent, Riviera is the leading UK tour operator providing overseas escorted holidays and river cruises. Riviera was set up by owner Michael Wright 30 years ago and he and Claire, his wife, are its principal owners.

Gleiss Lutz advises Goldman Sachs on the acquisition of stake in Mister Spex

12 Jan 2015

Gleiss Lutz has advised US investment bank Goldman Sachs on the acquisition of a stake in the online eyewear retailer Mister Spex. Goldman Sachs participated as main investor in the latest financing round of Mister Spex completed early this year. Goldmann Sachs now holds 20 percent of shares, making it one of the company’s main shareholders. It is one of the largest venture capital funding rounds completed in Germany in the past twelve months.

P+P advised on € 600 Mio. closing of SwanCap Fund II

09 Jan 2015

SwanCap Investment Management S.A. (Lux) advised by SwanCap Partners GmbH Munich successfully closed its second private equity fund Swan Opportunities Fund II SCS – SIF (Swan II) at a volume of EUR 600m. Swan II represents both secondary and primary investment strategies, with the secondary component largely consisting of a highly diversified pool of existing private equity investments acquired from UniCredit and the primary component fresh capital for new investments.

Shoosmiths acts for leading healthcare client on multi-million pound BGF investment

08 Jan 2015

Shoosmiths has advised Renal Services (UK) Limited, a provider of independent dialysis services to NHS patients, on its £3.1million investment from the Business Growth Fund (BGF) which was completed in November 2014.

The investment by BGF provides working capital for Renal Services to open and run new centres across the UK, including two new contracts to build and operate three centres in Northumberland and the East Midlands. BGF has in turn taken a minority stake in the company.

Clifford Chance advises China CITIC Bank on US$1.05 billion purchase of BBVA's stake in Citic International Financial Holdings

08 Jan 2015

Clifford Chance has advised China CITIC Bank Corporation Limited (CNCB) on the purchase of the entire 29.68% stake from Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) of Citic International Financial Holdings Limited (CIFH) for HK$8.162 billion (US$1.05 billion). Upon completion of the sale, subject to obtaining regulatory approvals, CNCB will hold a 100% interest in CIFH and will become a wholly-owned subsidiary of CNCB.