Paul Hastings has advised Qualcomm Incorporated, the world leader in 3G, 4G, and mobile technology of the next generation, in connection with its strategic alliance with Alcatel-Lucent to improve access to very high-speed internet and cellular networks.
Leading international law firm SJ Berwin has advised Raag Hotels Limited and Queensway Hotels in a joint venture with the Wellcome Trust, a global charitable foundation with an investment portfolio of approximately £16 billion, with the aim of expanding the footprint of the international brand of Tune Hotels.
Hogan Lovells has advised Healthcare of Ontario Pension Plan (HOOPP) on a joint venture with Verdion Properties LLP (Verdion) to establish a logistics platform across Europe. The €1 billion five year development programme to source build to suit projects for logistics operators throughout Europe, focusing on Germany and Scandinavia, includes the acquisition and development of:
Global law firm Eversheds has advised Siemens, Europe’s largest engineering company, on UK aspects of its joint-venture with John Wood Group Plc to create a global integrated rotating equipment service provider.
The joint venture consists of the Maintenance and Power Solutions businesses of Wood Group GTS (excluding its Rolls Wood Group, TransCanada Turbines and Sulzer Wood joint ventures), and Siemens’ TurboCare business unit which provides aftermarket gas turbine, steam turbine and generator design, repair and manufacturing services.
On 24 October 2013, Danone and The Abraaj Group announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International (“Fan Milk”).
The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Under the agreement, Danone will in the coming years gradually acquire a controlling stake in the business.
Global law firm Eversheds has advised Manchester Airports Group (MAG) on its joint venture in relation to the development of its £800 million Airport City project.
SEGRO has announced the creation of a joint-venture in Continental Europe, named Segro European Logistics Partnership (SELP), valued at approximately one billion euros.
As part of this joint venture, several logistic warehouses have been contributed by SEGRO in France and in Continental Europe.
Dechert advised Ablynx (Belgium-based) on the licensing agreement with Eddingpharm (a Chinese specialty pharmaceutical company) regarding the development, manufacturing and commercialization of ALX-0141 in China. ALX-0141 is a candidate Nanobody for treating bone-loss related disorders, including osteoporosis and bone metastases and successfully completed a Phase I study in post-menopausal women.
Herbert Smith Freehills has advised Boral Limited on its US$1.6 billion 50/50 plasterboard and ceilings joint venture with USG Corporation (announced 17 October 2013). The transaction combines USG’s best-in-class building products technologies and strategic assets in Asia, New Zealand and the Middle East with Boral’s leading plasterboard manufacturing and distribution footprint in Asia and Australia.
Ashurst is advising Rockhopper Exploration plc on its joint agreement with Premier Oil to farm-in two Desire Petroleum plc oil and gas licences offshore of the Falkland Islands in exchange for Rockhopper and Premier funding Desire's share of the costs of two exploration wells on the licences. Following the farm-in Rockhopper will have increased its share in each of the licences from £3% and 10% to 24%.