Ashurst advised Equitix on the establishment of co-investment structures which, alongside Equitix Fund IV (Equitix's fourth core infrastructure fund) and other consortium members, acquired 100% of the stake held by Skanska and Atkins in the M25 orbital motorway network.
Ashurst advised Equitix on the establishment of co-investment structures which, alongside Equitix Fund IV and other consortium members, acquired the stakes held by Ontario Teachers' Pension Plan and Borealis Infrastructure in the HS1 high speed rail line.
The HS1 concession runs to 2040 and has an enterprise value of over £3 billion. HS1 includes the iconic London St Pancras train station and consists of a 109 km high speed rail line connecting London to a high speed commuter service throughout Kent and to European cities via the Channel Tunnel.
Osborne Clarke has advised the Gustoso Group on an investment in Italian restaurant chain Ciao Bella. The acquisition will strengthen the company’s catering business and allow them to expand.
King & Wood Mallesons (KWM) has advised Exacta Capital Partners on the structuring and closing of its Cayman private equity fund, Exacta Asia Investment II LP (the “Fund”), with a first closing fund size of USD180 million and a target fund size of USD250 million.
The Fund is managed by Exacta Capital Partners (President: Kota Igarashi), 39.9% of the interest in which is held by a leading bank in Japan.
The Ashurst investment funds team advised CapMan Real Estate on the establishment of its second pan-Nordic value-add fund, the CapMan Nordic Real Estate II Fund (CMNRE II).
The fund was oversubscribed and closed at its hard cap of €425 million with commitments from new and existing Nordic, European and US institutional investors. With leverage, CMNRE II has an investment capacity of over €1 billion to be invested primarily across the office and residential sectors in the Nordic region.
Eversheds Sutherland has advised H2 Equity Partners (H2) on its multi-million pound investment into kitchen and bedroom door manufacturer, BA Components (BA).
Co Tyrone-based BA has become a major UK manufacturer and exporter to the UK, European and global furniture components industry, supplying over 50,000 doors a week to companies worldwide.
H2’s investment will enable BA to continue investing in its manufacturing sites and developing new product ranges.
The fund is managed by A.P. Møller Capital, an affiliate of A.P. Møller Holding, with focus on energy and power, including transmission, as well as roads, rail, airports and distribution centers-warehousing.
A.P. Møller Holding has together with PKA, PensionDanmark, Lægernes Pension and PFA launched a new infrastructure fund with a focus on Africa. The fund has received commitments of USD 650 million from anchor investors. Fund raising will continue, and the total equity commitment is expected to reach 1 billion dollars within a year.
Ontario Teachers’ Pension Plan (OTPP), the Danish Labour Market Supplementary Pension Fund (ATP) and Macquarie Infrastructure and Real Assets (MIRA) have entered into agreements on changes in the ownership of Københavns Lufthavne A/S. Bech-Bruun has assisted Ontario Teachers’ Pension Plan throughout the process.
Davis Polk is advising iRena Group Co., Ltd. in connection with its proposed subscription of shares in Ourgame International Holdings Limited. Pursuant to the terms of the share purchase agreement, iRena Group has conditionally agreed to subscribe for newly issued shares of Ourgame International for an aggregate consideration of approximately HK$119.7 million. The subscription is subject to a number of conditions precedent, including the approval of independent shareholders.
Shearman & Sterling advised the Agence des Participations de l'Etat (APE) on its sale of 99.9 million shares, which represents a 4.5% stake in ENGIE. This block trade deal was carried out through a private placement by way of an accelerated book-building process limited to institutional investors.