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JV/Alliance/Licence

Travers Smith advises on establishment of social gaming joint venture, Bonza Gaming

01 Mar 2013

A Travers Smith team led by corporate partner Will Howard and including commercial partner Richard Brown, has advised existing client Plumbee in connection with the establishment of Bonza Gaming, a joint venture with Sportingbet plc, which closed on 6 February 2013. Bonza Gaming will look to exploit real money gaming opportunities on social media platforms (including Facebook). The deal marks the latest stage in Plumbee's rapid development since being founded by three former Playfish executives in 2011.

SVG Capital - strategic alliance with Aberdeen Asset Management

14 Feb 2013

Slaughter and May advised SVG Capital plc on its strategic alliance with Aberdeen Asset Management plc, creating a leading private equity fund management business with £4.7 billion of funds under management or advice. Aberdeen will acquire a majority stake in SVG Advisers for cash consideration of £17.5 million, and SVG Capital will enjoy on-going income from the business and certain Aberdeen private equity contracts. The transaction is subject to regulatory consent and certain other customary matters and is expected to be completed in the first half of 2013.
 

Mwana Africa Joint Venture

07 Feb 2013

International law firm Simmons & Simmons has advised pan-African resources company Mwana Africa PLC on a Joint Venture Agreement with China’s Zhejiang Hailiang Company Limited (Hailiang) for its 100% owned SEMHKAT copper exploration area in the Democratic Republic of Congo (DRC).

Clifford Chance advises on purchasing arrangement between Max Bahr/Praktiker and HELLWEG

29 Jan 2013

Clifford Chance advised Max Bahr/Praktiker on a cooperative purchasing arrangement with HELLWEG. The companies intend to work closely with each other on procurement matters and to operate a joint purchasing company, DIYCO Einkaufsgesellschaft mbH, in which each of them will have a 50% holding. They intend to create synergies by combining their purchasing power and exploiting logistical benefits.

Wragge & Co advises Roxhill Developments on joint venture to develop one million square feet logistics park

28 Jan 2013

Wragge & Co's Real Estate specialists have advised Roxhill Developments on its joint venture with Forth Ports Limited to develop the one million square feet London Distribution Park at the Port of Tilbury.

Industrial development company Roxhill has bought a 50% share in the development from Forth Ports for an undisclosed sum. The 70-acre site has outline planning permission for up to 940,000 sq ft of warehouse and industrial space.

Clifford Chance advises CAF on joint venture to develop a nation-wide digital television network in Cambodia

25 Jan 2013

Hong Kong: Leading international law firm Clifford Chance has advised China-ASEAN Investment Cooperation Fund (CAF) on its equity investment in International Communication Media Company Limited (ICMC), an offshore holding company with a view to ICMC establishing a joint venture with Supreme Cambo Investment Group Co., Ltd. to invest, build, and deploy the infrastructure for a nation-wide digital television network and to provide digital television services and other digital communication services thereon in the Kingdom of Cambodia.