The Firm advised KKR in the establishment of KKR Private Credit Opportunities Partners II ("PCOP II"). PCOP II is a global fund with $2.24 billion in capital commitments that focuses on privately negotiated subordinated debt securities, corporate mezzanine investments as well as asset-backed and specialty finance investments.
Hamburg – Mayfair Beteiligungsfonds II GmbH & Co. KG, a private equity firm held by the Günter Herz and Daniela Herz-Schnoekel families, has sold its 36.5% stake in DNV GL Group AS, the parent company of the DNV GL Group. The shares were acquired by Det Norske Veritas Holding AS, which is owned by the Det Norske Veritas Foundation.
Lawyers of Clifford Chance's Prague office have advised European Investment Bank (EIB) on its up to EUR 50m equity investment into Inven Capital, an internally managed, qualified-investor, Czech SICAV fund, fully-owned by the regional energy group CEZ, to support the growth of clean energy and smart technology SMEs and midcaps.
LONDON (December 22, 2017) – Morrison & Foerster is advising Global Logistic Properties Limited (GLP), the leading global provider of modern logistics facilities, in connection with the formation of two new European funds which increase the size of GLP’s fund management platform by US$4 billion (€3.4 billion) to US$43 billion. These funds were formed in conjunction with GLP’s acquisition of Gazeley, a premier developer, investor and manager of European logistics warehouses and distribution parks.
DLA Piper represented Immunomedics, Inc., in the sale of tiered, sales-based royalty rights on global net sales of sacituzumab govitecan (IMMU-132) to Royalty Pharma for US$175 million. Royalty Pharma has also purchased US$75 million in common stock of Immunomedics, at US$17.15 per share.
DLA Piper has advised the Marguerite Fund on its acquisition of a 10% stake in Fraport Greece, the owner and operator of 14 regional airports in Greece. The stake was sold by Slentel, a company of the Copelouzos Group, which remains a minority shareholder in the company alongside Fraport AG.
Eversheds Sutherland has advised Raisio plc (Raisio) on the divestment of its confectionery business to Valeo Foods Ltd (Valeo Foods) at an enterprise value of EUR 100 million.
Raisio’s divested confectionery business includes six production plants in the UK and Czech Republic. Its best-known brands include Fox's Glacier, Just, XXX, Poppets and Pedro. The divestment will allow Raisio to focus on brands that enhance well-being.
CMS has advised PFR TFI on an investment in Lithuanian company UAB EMP recycling. As part of the transaction, the Foreign Expansion Fund, Closed-End Investment Fund of Non-Public Assets, (FEZ FIZAN), which is managed by PFR TFI, took over 49% of shares in the company from Elemental Holding S.A., a Polish capital group that operates in the recycling industry in a number of countries in Central and Eastern Europe, as well as in Germany, Finland, the United Kingdom, Turkey and the Middle East.
Global law firm White & Case LLP has advised Blue Horizon Partners and Blue Horizon Advisors (together "Blue Horizon") on the recent establishment of Blue Horizon Investors, a strategic real estate investment group; Blue Horizon Opportunities LP, a private venture capital fund; and Blue Horizon Pi Partners LP, a private equity fund.
Baker McKenzie FenXun Joint Operation Office ("Baker McKenzie FenXun" or the "Joint Operation") recently assisted Shui On Land Limited ("Shui On Land") with the sale of a 49.5% interest in one of its commercial real estate portfolios in Shanghai for approximately RMB 3.87 billion to further its strategic partnership with the China Life Group.