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Fund/Investment Management

CBPE Capital LLP acquires majority stake in Xceptor from SVG Capital

17 Mar 2017

Travers Smith LLP has advised CBPE Capital LLP (CBPE) on its investment in Xceptor, through the acquisition of a majority stake in the business from SVG Capital.

Xceptor is a fast-growing international technology provider, serving large financial institutions including global investment banks, security and custody service firms and insurance companies.  Xceptor is headquartered in London with offices in New York, Cape Town and Sydney.

Nctm and Studio Bettini Formigaro Pericu in the purchase by BT Group of telecommunication network in Emilia Romagna from the IREN Group

16 Mar 2017

Nctm Studio Legale advised BT Enìa Telecomunicazioni S.p.A., a company controlled by BT Italia S.p.A., in the purchase of a line of business relating to a telecommunication network extending for approx. 1,500 km in Emilia Romagna belonging to IRETI S.p.A. (a company of the IREN Group engaged in the field of public local grid services), which was advised by Studio Bettini Formigaro Pericu.

Macfarlanes advises OpCapita on purchase of The Football Pools from Sportech

16 Mar 2017

Macfarlanes has advised European private equity advisory firm OpCapita on the purchase of The Football Pools business from pool and tote betting company Sportech PLC for a total cash consideration of £83m.

Sportech originally purchased Littlewoods Pools in 2000, later acquiring the Vernons and Zetters pools businesses to form what constitutes The Football Pools today.

Clifford Chance and AS&H advise leading African company on greenfield Saudi investment in the food manufacturing sector

16 Mar 2017

Clifford Chance has advised Cosumar, Morocco's leading sugar extraction company, on their investment in Durrah Advanced Development Company, a sugar refining company in Saudi Arabia.

Durrah Advanced Development Company is a 2.500 ton per day greenfield sugar refinery in the industrial port of Yanbu in the Saudi Arabia’s red sea coast.

Following the launch of the National Transformation Plan in 2016, this transaction is another example of increased foreign investment into Saudi Arabia.

Latham Advises Uniper on the Sale of its Interest in the Yuzhno-Russkoye Gasfield

16 Mar 2017

Cross-border team advises on complex disposal.

Uniper Exploration & Production GmbH, Düsseldorf (Uniper), has signed an agreement with Austrian oil and gas company OMV Exploration & Production GmbH (OMV) for the sale of its interest in the Russian gas field Yuzhno-Russkoye. The purchase price for Uniper’s participation amounts to approx. EUR 1,749 million (USD 1,850 million) plus cash on balance sheet per 31 December 2016.

Allen & Overy advises Borealis and Wren House on their acquisition of 26.3% stake in Thames Water from Macquarie

15 Mar 2017

Allen & Overy has advised Borealis Infrastructure Management (Borealis) and Wren House Infrastructure Management (Wren House) on their acquisition of a 26.315% stake in the capital of Kemble Water Holdings Limited, the holding company of Thames Water Utilities Limited (Thames Water) and an equivalent share in Eurobonds issued by the Thames Water group from funds managed by Macquarie Infrastructure and Real Assets Europe Limited.  Thames Water is The UK’s largest water and wastewater company. 

Osborne Clarke Amsterdam advises Breath Therapeutics in EUR 43.5 million Series A financing round

15 Mar 2017

Osborne Clarke has advised Breath Therapeutics in the EUR 43.5 million Series A financing round co-led by Gimv and Sofinnova Partners and joined by Gilde Healthcare.

Breath Therapeutics, a spin-off of PARI Pharma, develops advanced drug-aerosol therapeutics in pulmonary orphan indications. The funding will enable the company to conduct Phase III trials in Europe and the US, submit for marketing approval and prepare for commercialization.

Slaughter and May is advising Wood Group on its recommended all-share offer for Amec Foster Wheeler

14 Mar 2017

Slaughter and May is advising John Wood Group plc on its recommended all-share offer for Amec Foster Wheeler plc.

Based on the pre-announcement closing price of a Wood Group share, the terms of the combination value Amec Foster Wheeler at approximately £2,225 million. Following completion of the combination, Wood Group’s shareholders will own approximately 56 per cent. of the combined group.The combination is to be effected by