Orrick advised leading German food group PHW on their investment in Israeli food tech startup Super Meat, which develops artificial meat products.
PHW Group sees the investment as the beginning of a strategic partnership with a focus on research and development, as well as strategic positioning within the European market.
CMS Grau has helped UK extraction company Tullow Oil acquire a 35% share in an offshore oil block in Peru’s Tumbes Basin. The agreement includes the financing of 43.75% of the total cost of the first exploration.
The Z-38 Blocks includes the first deep-water prospects to be drilled in Peru, which has been delayed for several years due to the technical and economic challenges it represents.
As part of CMS Grau, the transaction was led by Carlos Hamann and Augusto Astorga, partners of Oil and Gas practice area.
DLA Piper represented SoftBank Vision Fund in connection with its US$300 million investment in Wag Labs, Inc., a Los Angeles-based startup that provides on-demand mobile dog care services.
Founded in 2014, Wag! is focused on providing dog walking, dog sitting and dog boarding services on an on-demand basis via its mobile app. Wag! currently serves millions of customers in more than 100 cities.
Shearman & Sterling is advising GE Capital Global Holdings, LLC on its acquisition of a 24.99% stake in YPF Energía Eléctrica (YPF EE) from YPF S.A. When complete, GE Capital and YPF S.A. will jointly control YPF EE. GE Capital will pay $275 million for its stake in YPF EE, in addition to a $35 million contingent payment. The transaction is expected to close by February 28, 2018.
The Shearman & Sterling team below was supported by visiting attorney Javier Napoleone (New York-Project Development & Finance).
Baker McKenzie advised Cleverciti Systems GmbH on a 10 million euros growth funding round. New investor EnBW New Ventures joined the existing lead investor SPDG to support the international growth of Cleverciti Systems, a smart parking specialist.
Baker McKenzie advised Cleverciti Systems on all legal aspects of the transaction.
Berlin – uberall GmbH, a specialist in digital location marketing, has completed its series B round of financing, raising a total of around USD 25 million. The company is based in Berlin and San Francisco. New investor the HPE Growth Capital fund led the round. Existing investors Project A and United Internet added to their investment in the new round of financing. The transaction is currently awaiting approval from the competition authorities.
Pinsent Masons has advised sustainable energy systems developer Arenko Cleantech on its investment to build one of the world's largest energy storage facilities.
The new energy storage system, a 41MW battery storage project supplied by General Electric (GE) will provide affordable, on-demand power equivalent to the needs to 100,000 UK homes. Pinsent Masons worked to negotiate the strategic alliance between Arenko and GE.
King & Wood Mallesons (KWM) advised Miura Private Equity on the structuring and closing of its third fund Miura Fund III with total capital commitments of €330 million. The Fund has received strong support from a broad and global investor base of US, European and Asian institutional investors, including insurance companies, pension funds, university endowments and funds of funds, as well as local family offices.
More than 350,000 sq ft of new office and research space, including a state of the art Biohub, is being created at Cambridge Science Park thanks to a landmark joint venture.
The landmark joint venture between Trinity College, Cambridge and Tus Park, the Science Park development body of Tsinghua University in Beijing, will inject over £200 million into a new phase of renewal and investment in Cambridge Science Park.
Clifford Chance has advised early-stage investor Mainincubator GmbH, a subsidiary of Commerzbank, on a single-digit million Euro seed funding for the Berlin-based software company Lana Labs GmbH.
Lana Labs develops software-based process optimisation tools for financial service providers. Vital legal aspects of the transaction were the protection of Intellectual Property (IP) and IT solutions.