Watson Farley & Williams (“WFW“) advised PNE WIND AG (“PNE“) on the sale of its remaining 20% stake in a 142 MW wind farm portfolio to Allianz Renewable Energy Fund II (“AREF II”), an investment fund managed by Allianz Global Investors GmbH, for €23m. PNE remains responsible for the technical, commercial and operational management of the wind farms in the portfolio.
Global law firm White & Case LLP has jointly advised Nomura International plc on Zhejiang Geely Holding Group's (Geely) acquisition of the activist fund Cevian Capital's entire shareholding in AB Volvo, the leading global manufacturer of trucks and the largest listed company in Sweden.
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.
Berwin Leighton Paisner (BLP) have advised Northzone as the lead investor on FreightHub’s series A financing round. The Berlin start-up raised US$20m making it the largest series A financing round for a logistics start-up in Europe to date.
Norton Rose Fulbright has advised Colam Invest, the long term investments branch of Colam Entreprendre, on its acquisition of a 30% interest in the capital of Akuo Energy SAS. Akuo Energy SAS is the leading French independent renewable energy power producer in developing, financing, building and operating renewable energy power plants all over the world. The transaction was completed on 15 November 2017.
Paul, Weiss advised Chinese internet giant Tencent in its US$604 million investment in Vipshop Holdings Ltd, a major Chinese online discount apparel retailer. Under the terms of the agreement, Tencent and JD.com Inc,, China’s largest e-commerce firm, will invest an aggregate US$863 million cash into Vipshop and will grant Vipshop access to Tencent’s digital wallet platform and JD.com’s mobile application. Tencent and JD.com will subscribe for newly issued Class A ordinary shares of Vipshop.
International legal business DWF has advised BGF in connection with its funding support for family-owned APS Group, the UK’s largest tomato grower to support its continued expansion.
Milbank, Tweed, Hadley & McCloy LLP has advised Seaoil Philippines, Inc., the country’s largest independent fuel operator, in a strategic partnership with Caltex Australia Petroleum Pty Ltd. Caltex will acquire a 20% equity interest in Seaoil.
The transaction, valued at US$100 million, will allow Seaoil to benefit from Caltex’s support for continued growth strategy.
Osborne Clarke has advised healthtech start-up Heartbeat Medical on a seed investment of €3 million Euro from Holtzbrinck Ventures.
The company has created a software that evaluates the success of medical treatment, by reviewing feedback from patients on their quality of life. Berlin Charité and the private hospital groups Sana and Helios already use the technology.
With the financing, Heartbeat Medical will further improve data analysis and give clients better access to information.