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Fund/Investment Management

Keensight Capital and Turenne Capital Reinvest in Menix Group Alongside Five Arrows Principal Investments

30 Oct 2017

Paul Hastings LLP, a leading global law firm, announced today that it advised Keensight Capital and Turenne Capital in connection with their reinvestment in Menix Group alongside with Five Arrows Principal Investments.

Menix Group is a leader in the niche segment of dual mobility hip prosthesis, in France and internationally. Menix Group has also developed leading positions in dental implants and Cranio-Maxillo-Facial surgery in France. Based in Lyon, Menix Group employs nearly 340 people and generated a turnover of approximately 67 million euros in 2016.

Vista Retail Support secures a £14m investment from LDC

27 Oct 2017

Advised by Blake Morgan, mid-market private equity firm LDC has secured a £14m investment in Vista Retail Support (Vista), a leading independent IT services company.

Headquartered in Cardiff, Vista employs its unmatched expertise and customer service to provide specialist support to some of the biggest names in retail, hospitality and leisure in the UK and Europe, enabling innovation in cutting-edge payment technologies, robotics, virtual reality applications and artificial intelligence. The business is valued at almost £30m.

Osborne Clarke advises Habona Invest on retail Fund

27 Oct 2017

Osborne Clarke has advised Habona Invest GmbH on the structuring and distribution of its retail Fund “Retail Fund 06”.

An alternative investments specialised in German food markets, Habona Invest’s sixth Fund purchases new food markets with long-term leases. The fund is expected to reach approximately €110m across 25 properties over the next five years with the rate of return expected to be 5% before taxes.

Milbank Advises Indonesian Firm Saratoga Capital on Divestment of Majority Interest in PT Saratoga Power

25 Oct 2017

Milbank, Tweed, Hadley & McCloy LLP served as international counsel for Indonesian private equity firm Saratoga Capital in relation to divestment of its 77.68% interest in PT Saratoga Power, which held a 51% interest in PT. Medco Power Indonesia (“MPI”). The deal closed in October 2017. Milbank also acted for PT Saratoga Power in its acquisition of MPI in 2011. MPI is a leading mid-sized Independent Power Producer in Indonesia with a primary focus on power from natural gas and geothermal sources.

King & Wood Mallesons Advised All-Stars Investment in Tujia’s US$300 million Series E financing

24 Oct 2017

King & Wood Mallesons (“KWM") represented All-Stars Investment Cayman Limited in its investment in Tujia.Com International (“Tujia”)’s series E financing, with the total fund raised by Tujia of approximately US$300 million. This round of financing is Tujia’s first round of financing for its online business ever since the split of Tujia’s online and offline businesses.

Shearman & Sterling Advises Intercontinental Exchange on Its Acquisition of Strategic Stake in Euroclear

24 Oct 2017

Shearman & Sterling is advising Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, on its acquisition of a 4.7% stake in Euroclear from The Royal Bank of Scotland Group for €275 million.

Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets.