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Fund/Investment Management

Osborne Clarke advises on £50m Life Science Venture Capital Funding

26 Nov 2014

International legal practice, Osborne Clarke, has advised a group of investors consisting of Imperial Innovations, Invesco Perpetual and Woodford Investment Management on the £50m Venture Capital funding of Cell Medica Limited.

For further information see here for the RNS.

Partner, Rob Wood, led the Osborne Clarke team assisted by Senior Associate Caroline Drummond.

Rob Wood comments:
“This is a significant deal in the Life Science sector, and it's likely to be one of the top five private company funding rounds in 2014”.

Clifford Chance advises HgCapital on squeeze-out of minority shareholders of P&I Personal & Informatik AG

26 Nov 2014

Clifford Chance has advised HgCapital on the squeeze-out of the minority shareholders of P&I Personal & Informatik Aktiengesellschaft, Wiesbaden.

The Clifford Chance team was led by partner Arndt Stengel and comprised counsel Gwendolyn Müller (Corporate, Munich) as well as counsel Matthias Will and Senior Associate Hendrik Röhricht (both Corporate, Frankfurt).

Hannes Snellman counsel to DIBS in public takeover

26 Nov 2014

Hannes Snellman acted as counsel to DIBS Payment Services in the public takeover offer for the shares in DIBS made by Nets Holding A/S. Nets offers SEK 82.50 per share in DIBS. The offer represents a premium of 45 per cent compared to the closing share price the last trading day before the announcement of the offer. The offer values DIBS to SEK 790 million.

Our core team included: Sara Mindus, Sören Lindström, Anna Partovi and Peter Forsberg.

Wolf Theiss Advises Vienna International Airport On The Access Of IFM Global Infrastructure Fund

25 Nov 2014

The Airports Group Europe S.à. r.l. from Luxembourg which is owned by the IFM Global Infrastructure Fund has released a public mandatory offer to buy 20 to 29.9 percent of the nominal capital of Vienna International Airport. This acquisition was already approved by the take-over commission. Law firm Wolf Theiss advises the seller, Vienna International Airport.

Charles Russell Speechlys advises the Business Growth Fund (BGF), on the investment by the BGF in Renal Services

24 Nov 2014

Charles Russell Speechlys has advised the Business Growth Fund on its investment in Renal Services, an independent provider of dialysis services to NHS patients.

Headquartered in London, Renal Services was founded in 2007, employs 62 staff and is the fourth largest provider of dialysis in the UK. The company currently runs six dialysis centres across the UK, operating 63 dialysis stations and treating approximately 700 permanent and transient patients on behalf of the NHS. Approximately 95% of treatments are delivered to permanent local patients.

Nabarro advises South Street Asset Management about new £89 million UK student accommodation fund

21 Nov 2014

Nabarro has advised South Street Asset Management about the establishment of an £89 million UK student accommodation fund. South Street Asset Management is one of the UK’s largest independent student housing providers with over £200m of assets under management. It has successfully secured the £89 million commitment from a major Kuwaiti pension fund for deployment in the UK student accommodation sector.

The UK student accommodation fund is targeting double digit returns and taps into growing demand from Middle Eastern investors for UK student accommodation.

Freshfields advises Invesco on its investment in Generator Hostel Group

18 Nov 2014

Freshfields Bruckhaus Deringer has advised Invesco on its minority stake investment in the Generator Hostel Group.

The stake, which represents 23% of the business, is the inaugural investment for Invesco’s second opportunistic strategy, which is focussed on real estate related investments in both the US and Europe and is co-managed by Invesco Real Estate, WL Ross & Co, and Invesco fixed income.

King & Wood Mallesons advises acrolinx on granting of venture financing by Harbert

08 May 2014

acrolinx GmbH (acrolinx), the Berlin-based, globally active solutions service provider for more rapid content tracking and more legible content – ViewPoint holds a majority stake – has been refinanced by way of venture financing provided by Harbert Management Corp. (Harbert). The parties have agreed not to disclose the precise amount of financing.