Vinge has advised Svea Ekonomi AB (”Svea”) in connection with its investment in the innovative e trading solution company Stidner Complete AB. The investment has been performed as a directed issue of new shares to Svea Ekonomi.

Stidner provides its customers with a complete cash management system, freight booking, packaging system and customer portal for e trading. Svea Ekonomi is a financial group with operations in several European countries which offers administrative and financial solutions.

On 2 June, on the sidelines of the 21st St. Petersburg International Economic Forum, a cooperation agreement was signed between the Government of Leningrad Region and joint stock company Knauf Petrobord, a member of the Knauf Group. The agreement includes an investment by Knauf of at least RUB3.5bn to renovate production facilities for cardboard facing over the period to 2020, and provision of investor support by the Government of Leningrad Region.

PARIS – Dechert LLP assisted Partech Partners, the management company of Partech International Ventures VII, in reaching its hard cap of €400 million for the seventh generation of its historical venture capital fund.

The venture capital fund has been backed by thirty major European and American investors. With this operation, Partech International Ventures VII positions itself as a global leader on the venture capital market.

The Paris-based team advising Partech Partners was led by partner Sabina Comis with support from associate Antoine Pian.

Addleshaw Goddard's Manchester corporate team has advised AIM-listed Premaitha Health plc, a leading international molecular diagnostics group, on its $5m extension of its investment agreement with Thermo Fisher Scientific.

The extension involves the issue to Thermo Fisher Scientific of warrants over 28,938,797 new ordinary shares exercisable at 10.725p with further warrants to be issued on a future date.

Addleshaw Goddard's leading Private Equity team has advised Foresight on its £3.45m investment into Indian street food business, Mowgli Street Food.

The investment, which is the sixth from Foresight's Regional Investment Fund, will allow the business to expand its current offering, which includes restaurants in Manchester and Liverpool across the UK.

Tobias Seidl, Senior Associate, together with Pierre Reuter, Office managing Partner, both Investment Funds, Luxembourg, led a cross border, cross practice team advising KGAL on the setting up and the first closing of KGAL's core plus European renewable fund ESPF 4.

The team advised KGAL in particular on the drafting of the fund documentation, the regulatory approval process and the negotiations with the initial investors of the Fund.

Hong Kong: Leading international law firm Clifford Chance advised consumer sector focused private equity firm Cassia Investments Limited on its subscription of shares into Shanghai Tang Group Ltd., a special purpose vehicle ultimately controlled by Italian fashion entrepreneur Alessandro Bastagli; and the subsequent acquisition by Shanghai Tang Group Ltd. of Hong Kong luxury fashion house Shanghai Tang group from Richemont International Holdings S.A.. The Shanghai Tang group has key operations in Hong Kong, Singapore and mainland China.

Chaowei Power Holdings Limited and the Moll-Möhrstedt family have admitted Metair Investments Limited as a new partner (25.1%) of Akkumulatorenfabrik MOLL GmbH & Co. KG. An Orrick team advised Chaowei in the transaction.

Based in Hong Kong, Chaowei is a leader in the development, manufacture and sale of lead-acid and lithium-ion batteries for the automotive industry.

Shearman & Sterling advised IKB Deutsche Industriebank Aktiengesellschaft (IKB) and its subsidiary IKB Funding Trust II in a consent solicitation for certain amendments to the governing documents of IKB Funding Trust II in order to effectuate the substitution of €160 million in 4.5% subordinated notes due 2022 issued by IKB and €60,000 in cash for €400 million of noncumulative trust preferred securities issued by IKB Funding Trust II that were not currently paying dividends by means of the merger of IKB Funding Merger Trust II with and into IKB Funding Trust II. 

On 12 June 2017 Akershus Energi AS signed an agreement with Infranode for the sale of 1/3 of the shares in Akershus Energi Varme AS.

Akershus Energi Varme AS has operations in Skedsmo, Lørenskog, Nes and Sørum, and has a production of approximately 160 GWh annually and represents a significant increase in the business.