JOST Werke AG (“JOST”) successfully completed its Private Placement with the initial listing of its shares on the Frankfurt Stock Exchange on 20 July 2017. The total offer volume amounts to approximately EUR 231 m. In total, 4,875,000 newly issued ordinary bearer shares from a capital increase and 2,575,000 existing ordinary bearer shares from the holdings of JOST’s existing shareholder have been placed with institutional investors in the Private Placement.

Travers Smith LLP has advised Goodbody Stockbrokers UC on its successful application as an FCA-approved sponsor.  Goodbody established its London office in 2015 to grow its investment banking business beyond its established pre-eminence in the Irish market.

Corporate Finance Partner Richard Spedding, together with Financial Services Partner Phil Bartram, led the process for Travers Smith.

International legal practice Osborne Clarke has advised the management team of STEMMER IMAGING GmbH on its takeover by AL-KO AG.

AL-KO has acquired the company from its founder Wilhelm Stemmer and the management team. As part of the transaction the management team acquired a 25 per cent share in the company.

STEMMER IMAGING is Europe’s largest imaging technology provider for science and industry. The company will form a self-contained division of the AL-KO Group alongside its existing air conditioning, gardening, technology and electronics divisions.

National law firm Shoosmiths has advised Sancus (Gibraltar) Limited, part of the alternative financing group Sancus, on its £12m funding package to Green Town (Heartlands) Ltd, part of the WElink Group for the high profile Heartlands development.

Situated in the central belt of Scotland along the M8 corridor, the Heartlands development spans approximately 1,400 acres and when completed will comprise residential, business and leisure facilities.

International law firm McDermott Will & Emery represented Mitsubishi Heavy Industries (MHI), a Japanese industrial conglomerate, in relation to the acquisition by MHI of an equity stake in New NP, an entity that will carry out the nuclear equipment and services business currently operated by Areva NP.

MHI was invited to acquire a minority interest in New NP following the execution in November 2016 of a contract by EDF and Areva, under which EDF agreed to acquire a stake of at least 51% in New NP.

Stibbe advised Aedifica recently on two transactions in order to further expand her Dutch portfolio of care assets.

19 July 2017   

The signing of a cooperation agreement for the construction and acquisition of an apartment building for seniors in Leeuwarden and an apartment building of seniors in Heerenveen, each comprising approx. 130 units and a contractual value of approx. €40 million in total. See for the press release here.

10 July 2017

Niederer Kraft & Frey (NKF) has advised the Swiss FinTech start-up Nectar Financial (Nectar), based in the canton of Schwyz, in connection with its Series A financing round, in which a renowned Swiss bank acquired a minority stake in Nectar. The transaction closed on June 29, 2017.

Nectar operates a leading platform for wealth and asset management in Switzerland. The completion of the Series A financing round will continue to support Nectar's growth strategy.

Squire Patton Boggs has advised leading global analytics and technology company Media iQ on a significant investment from private equity firm ECI Partners, in which ECI will acquire a minority stake in the business.

Founded in 2010 by Gurman Hundal and Lee Puri, Media iQ is ranked fourth in the Sunday Times International Track 200 as one of the fastest-growing international companies in the UK, with 350 employees across 12 offices globally, including in the UK, US, India, Canada, Australia and Germany.

Jacques Buhart, Nicolas Lafont, Jonathan Wohl, Wilko van Weert and Laura Morelli were among the McDermott lawyers representing Mitsubishi Heavy Industries as one of several companies taking an investment stake in NEW NP, a nuclear power industry company. Mitsubishi’s 15% stake can rise to 19.5%.

Noerr has provided legal assistance on setting up the hardship fund formed to compensate the victims of the G20 riots in Hamburg. A team led by Hamburg partner Volker Land advised Hamburgische Investitions- und Förderbank (IFB Hamburg), the investment and development bank managing the fund.