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Fund/Investment Management

Linklaters advises Rosneft on $12.9bn acquisition of Essar Oil

19 Oct 2016

Linklaters has advised Rosneft on the Sale and Purchase Agreement for approximately 49% stake in Essar Oil Limited (hereinafter - “EOL”) from Essar Energy Holdings Limited and its affiliates. Rosneft  Board of Directors unanimously approved the deal on 13th October 2016.

Rosneft acquired 49% of the Vadinar refinery, one of the most sophisticated refinery in the Asia-Pacific region, possessing a complex infrastructure. EOL's business also includes a vast network of 2.7 thousand Essar branded retail outlets across India.

Shoosmiths advises Octopus on its investment into Reactive Technologies

18 Oct 2016

Shoosmiths has advised Octopus Energy Group Holdings Limited, wholly owned subsidiary of Octopus Capital Limited (Octopus), on its investment into specialist intelligent energy management technology firm, Reactive Technologies Limited (Reactive).

Reactive leverages its deep expertise in communications engineering to bring a suite of new technologies to the market that will positively assist the energy industry to deliver cleaner, greener and more affordable energy, through more efficient and effective energy management.

Gide, counsel to funds on their investment in FinanceFox

17 Oct 2016

Gide has advised Idinvest Partners, Salesforce Venture and Speedinvest on their USD 28-million investment, alongside Target Global and Horizons Ventures, in the capital of FinanceFox. FinanceFox is a Switzerland-based start-up that manages and optimises its clients’ insurance policies via a website-connected application that centralises all insurance contracts and helps manage all related administrative steps, ranging from filing an insurance claim to requesting refunds. Gide had already advised the same investors during a first round of financing in January 2016.

Norton Rose Fulbright advises InnoGames shareholders on participation of MTG

17 Oct 2016

Global law firm Norton Rose Fulbright has advised the shareholders of InnoGames, one of the world’s leading developers and operators of online games, on the sale of shares to the Swedish media group Modern Times Group AB (MTG). MTG acquires 35 per cent of InnoGames founders and the financial investor Eight Roads Ventures (formerly Fidelity Ventures), based on a company value of EUR 260 million (100 per cent). The transaction is pending, subject to the approval of German and Austrian antitrust authorities.

Clifford Chance advises Golding Capital Partners on first FCP-RAIFs

14 Oct 2016

Clifford Chance advised Golding Capital Partners, a leading German independent asset manager, on the first four Reserved Alternative Investment Funds (RAIFs) set-up in the form of a common fund (fonds commun de placement) (FCPs) under the new Luxembourg law of 23 July 2016.

Golding Infrastructure Co-Investment 2016 Feeder FCP-FIAR and Golding Infrastructure 2016 Feeder FCP-FIAR have been set-up on 19 September 2016, while Golding Private Debt 2016 Feeder FCP-FIAR and Golding Buyout 2015 Feeder FCP-FIAR have been set-up on 5 October 2016.

Clifford Chance advises Morgan Stanley Infrastructure on the acquisition of a 29% stake in VTG Aktiengesellschaft

14 Oct 2016

Clifford Chance advised a global infrastructure fund managed by Morgan Stanley Infrastructure (MSI) on the acquisition of a 29% stake in VTG Aktiengesellschaft from Andreas Goer. The purchase price amounts to approximately EUR 242 million. VTG is listed on the Prime Standard of the Frankfurt Stock Exchange and a member of the SDAX. Morgan Stanley Infrastructure is the private infrastructure investment platform of Morgan Stanley.

Hannes Snellman Counsel to Valedo and Other Shareholders of Joe & the Juice in Strategic Investment by General Atlantic

13 Oct 2016

General Atlantic, a leading growth equity firm, has made a strategic growth investment in Joe & the Juice to become the second largest shareholder in Joe & the Juice alongside existing lead investor Valedo Partners, the Stockholm-based growth-oriented private equity firm. The deal terms are not disclosed.