King & Wood Mallesons’ cross-border team advised UK-based Vaccitech, a spin-out company from the University of Oxford’s Jenner Institute, one of the oldest and most renowned vaccine research centres in the world, in its collaboration with China-based CanSino Biologics, to develop a new vaccine approach to prevent shingles (herpes zoster).
Hogan Lovells is advising Novartis, a global healthcare company, in a strategic licensing and collaboration agreement with Cellular Biomedicine Group, Inc. (CBMG), to manufacture and supply the CAR-T cell therapy Kymriah® (tisagenlecleucel) in China. CBMG is a clinical-stage biopharmaceutical firm engaged in the development of immunotherapies for cancer and stem cell therapies for degenerative diseases.
The Firm represented IndoSpace in connection with the formation of a long-term strategic partnership with GLP, a leading global provider of modern logistics facilities and technology-led solutions. GLP will partner with IndoSpace and also co-invest in IndoSpace's managed investment vehicles. The partnership enables IndoSpace to leverage GLP's fund management, development and operational expertise and resources, as well as GLP's extensive global customer network, to further strengthen IndoSpace's leadership position in India.
MinterEllison has acted for Commercial & General, who has partnered with Straits Real Estate Pte. Ltd (a wholly owned subsidiary of SGX-listed The Straits Trading Company Limited, SGX:S20) to launch an unlisted logistics real estate platform.
The seed assets of the platform, collectively worth approximately A$130.5 million, are to be managed by a newly created investment manager, ILP Managers Pty Ltd, a 50-50 joint venture between Commercial & General and Straits Real Estate.
Auchan Retail, Casino Group, DIA Group and METRO have agreed on a new cooperation. Following intensive negotiations, a next generation negotiation platform called Horizon International has been created.
Horizon International is a platform for negotiating the conditions of international services with the major suppliers of the parties. The new international joint venture structure will focus on a collaborative, balanced and innovative negotiation type.
Milbank, Tweed, Hadley & McCloy LLP is advising the banks in connection with private equity firms Investindustrial and The Carlyle Group’s bid to create a design-focused furnishing company by combining several firms into a single group with total sales of more than €500 million. The new company will initially be established by bringing together three businesses currently controlled by Investindustrial — namely furniture-maker B&B Italia, and lighting specialists Flos, and Louis Poulsen.
Ropes & Gray represented Zai Lab in its exclusive regional license and collaboration agreement with Novocure. The agreement enables Zai Lab to commercialize Novocure’s oncology platform, Tumor Treating Fields, in China, Hong Kong, Macau and Taiwan.
Tumor Treating Fields is currently marketed in the U.S., Japan and European Union for the treatment of glioblastoma. It is in advanced clinical development for the treatment of multiple solid cancer tumors.
International law firm Bryan Cave Leighton Paisner (BCLP) has advised longstanding client Chancerygate on their joint venture with Hines.
Chancerygate, one of the UK’s leading industrial property development and asset management companies, has formed the 50-50 partnership to target prime sites across the UK for high-quality urban logistics developments, in order to meet the growing demand for last-mile logistics and owner-occupied units. The partnership has already secured three sites, with an initial £100m earmarked for investment.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Bertelsmann, a leading global media, services and education company based in Gütersloh, Germany, on its initial disposal considerations and the business combination of significant parts of its worldwide customer relationship/services management (CRM) business, operated by its service division Arvato, with the pan-African Saham Group (‘Saham’).
Newly created group will be one of the first of its kind focusing on the high-end design market.
Investindustrial and The Carlyle Group (NASDAQ: CG) have announced their intention to create a global high-end interior design group that brings together a collection of powerful and complementary brands, such as Flos, B&B Italia e Louis Poulsen. Financial details of the transaction remain confidential however the group will be the largest global high-end design group with a European heritage, with combined sales exceeding €500 million.