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Fund/Investment Management

Clifford Chance advises CVC Capital Partners on its US$150 million acquisition of a 50% stake in Arteria Networks Corporation

02 Dec 2014

Clifford Chance has advised CVC Capital Partners (“CVC”) on an investment of approximately US$150 million to acquire a 50% stake in Arteria Networks Corporation, a leading Japan-based telecommunications carrier focused on enterprise customers. CVC will be partnering with Marubeni through a joint ownership in Arteria Networks Corporation. Telecommunications is a focus sector for CVC and this is the third investment in the Asian broadband segment for CVC following investments in Hong Kong Broadband Network and PT Link Net.

UK Green Investment Bank - acquisition of 20% interest in Sheringham Shoal offshore windfarm

01 Dec 2014

Slaughter and May advised UK Green Investment Bank on its acquisition of a 20% interest in Scira Offshore Energy Limited, which owns Sheringham Shoal offshore windfarm, for an agreed valuation of £240 million. UK Green Investment Bank acquired its interest from Statoil Petroleum AS and Statkraft UK Limited who have each retained a 40% interest in Scira Offshore Energy Limited.

Sheringham Shoal is a 316.8MW offshore windfarm located off the coast of Norfolk which generates over 1.1TWh of net renewable electricity annually and has been operational since October 2012.

Clifford Chance advises The Carlyle Group on its first investment into the banking sector in Nigeria

28 Nov 2014

Clifford Chance has advised The Carlyle Group on its investment in Diamond Bank plc. The transaction is valued at USD147million and represents the fourth investment to be structured through Carlyle's sub-Saharan Africa Fund.

Dubai-based Corporate partners Mike Taylor and Nigel Wellings led the team which included senior associate Daniel Boyle.  Regulatory advice was provided by Washington-based partner George Kleinfeld and senior associates Megan Gordon and Ali Burney.

The firm of Udo Udoma & Belo-Osagie advised on the Nigerian aspects of the deal.

Care Property Invest, assisted by Eubelius, obtains the status of “public regulated real estate company” (B-REIT)

28 Nov 2014

The shareholders of Care Property Invest (CP Invest), a Belgian listed real estate player specialised in Belgian healthcare properties, have approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) into a “public regulated real estate company” (“openbare gereglementeerde vastgoedvennootschap / société immobilière réglementée publique”).

RPC advises on £27 m fundraising for IMI spin-out Quanta Fluid Solutions Ltd

27 Nov 2014

RPC advised Quanta Fluid Solutions on its successful £27 m fundraising to support the commercial launch of its SC+ machine; the only portable, compact haemodialysis machine in development providing the clinical efficacy and high flow rates comparable to in-centre machines.

SC+ is designed to provide a significant change in the way dialysis patients are treated, with its unique cartridge-based design that allows greater ease-of-use and treatment flexibility, whether in-centre or in the home.

Ashurst advises Société Générale on Haitong takeover of Japaninvest

27 Nov 2014

Ashurst is advising Société Générale in relation to a recommended cash acquisition, being structured as a scheme of arrangement, of Japaninvest Group Plc by Haitong International (BVI) Limited. The acquisition values the entire issued and to be issued share capital of Japaninvest at approximately ¥2,878.2 million ($24.36 million; £15.53 million).

Société Générale currently owns approximately 22.97 per cent of the existing issued ordinary share capital of Japaninvest.

Joint venture and major equity investment in Aquaporin

27 Nov 2014

Danish high-tech water technology company Aquaporin A/S has announced the signing of binding agreements to form a water treatment Joint Venture, Aquapoten, in China with two Chinese partners, Heilongjiang Interchina Water Treatment (Interchina) and Poten Environment (Poten), and major equity investment in Aquaporin by Interchina and Poten resulting in a 20.1% ownership stake.