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Fund/Investment Management

Bär & Karrer Advises Electrosuisse on the Sale of its Business Unit Testing/Certification

16 May 2017

Electrosuisse, association for electrical engineering, power and information technologies, has agreed to sell its business unit 'Testing and Certification' to the Euronext listed Eurofins group. Electrosuisse will retain a minority stake in the new Eurofins Electrosuisse Product Testing AG.

Bär & Karrer acted as legal advisor to Electrosuisse in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Philippe Seiler, Raphael Egger and Sarah Nyfeler (all M&A) as well as Corrado Rampini and Charles Gschwind (both Real Estate).

Hogan Lovells acts for European Managed Hosting Group Claranet on the £80 million investment by Tikehau Capital

16 May 2017

London, 12 May 2017 – Hogan Lovells has advised Claranet, a European leader in the growing managed IT services market, on the £80 million equity investment by Tikehau Capital (Tikehau). Tikehau is a Euronext Paris listed asset management and investment group, with €10bn of assets under management.

Slaughter and May advises OCBC Bank on its acquisition of National Australia Bank’s Private Wealth Business in Singapore and Hong Kong

15 May 2017

Slaughter and May Hong Kong is advising OCBC Bank on its acquisition of National Australia Bank’s (NAB) Private Wealth business in Singapore and Hong Kong. On completion of the acquisition OCBC Bank will gain access to around 11,000 new customers.

New Energy Investment sells 2.5% of shares in Dong Energy

15 May 2017

The Goldman Sachs controlled company New Energy Investment has sold 2.5% of its shares held in Dong Energy, a Danish energy company with a strong profile in renewables, equivalent to a total of 10,509,527 of its existing shares.

The shares have been sold to institutional investors in an accelerated bookbuild offering at a price of DKK 270 a piece equaling gross proceeds of approximately DKK 2.8 billion.

Upon the sale, New Energy Investment will hold 18,935,215 shares in Dong Energy, corresponding to 4.5% of the existing shares.

King & Wood Mallesons represents All-Stars Investment in Logistics QQ Truck Alliance’s US$ 270 million Round B financing, minting another unicorn

15 May 2017

2 May 2017, acting as counsel for All-Stars Investment, King & Wood Mallesons (“KWM”) facilitated the series B round of financing for Logistics QQ Truck Alliance (”Truck Alliance”), raising more than US$270 million of new capital. This is the largest round of funding thus far amongst online long-haul logistics platform start-ups in China. International Finance Corp (“IFC”) and All-Stars Investment Ltd co-led the financing, and several new heavyweight institutions and existing investors also jumped on the bandwagon to invest new cash.

Goltsblat BLP advises on sale of drinking water production and distribution business to Mineralnye Vody Borjomi

12 May 2017

Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), advised on the sale of a drinking water production and distribution business (Noringa and Clear Water brand names) to Borjomi.

Goltsblat BLP’s dedicated team was led by Partner Rustam Aliev. The working group also consisted of Partner Ian Ivory, Senior Associates Nikolay Kholshev and Dimitry Antipin, and Associate Renat Akhmedshin.

Clifford Chance advises National Australia Bank on the sale of its private wealth business in Singapore and Hong Kong

12 May 2017

Clifford Chance has advised National Australia Bank (NAB) on the sale of its private wealth business in Singapore and Hong Kong to Oversea-Chinese Banking Corporation Bank (OCBC). The business comprises a US$1.7 billion mortgage portfolio and a US$3.05 billion deposit portfolio, and serves more than 11,000 customers from the two booking centres of Singapore and Hong Kong.