To support its strong development trend, Atream, a leading independent investment fund manager in the tourism property industry, has opened up its capital to NextStage, an investment company listed on Euronext Paris.
This partnership consists for NextStage in acquiring a majority stake in Atream, with Atream's founders retaining control of the company.
PARIS – Dechert LLP advised Generali, one of the world’s leading insurer, on its exclusive negotiations with the shareholders of Sycomore Asset Management, a pioneer in the Environmental, Social and Governance (ESG) and Socially Responsible Investment (SRI) segment in Europe, to acquire a majority stake in the company, and enter into a strategic partnership.
The proposed investment is a new milestone in the execution of Generali's multi-boutique strategy in asset management and underscores Generali Group’s long-standing commitment to ESG and SRI.
DLA Piper has advised Russia's largest bank, Sberbank, on its joint venture (JV) with Rambler Group and several other investors to create Foodplex, a united digital platform for the restaurant market. The stake of Sberbank in the JV will be 35% and Rambler Group will own 30%. Another 35% will be owned by GHP Partners, Grigoriy Gurevich and Evgeniy Malakhov.
Two market leaders in the food sector bundle their competencies with the help of Pinsent Masons.
Pinsent Masons advised Transgourmet Group, the German market leader in food services, on the formation of a joint venture with Oetker Group in the food and beverage industry. The aim of this coalition is the joint expansion of the catering and beverage wholesale platform Team Beverage, which is majority-owned by Transgourmet Group.
International legal practice Osborne Clarke has advised Babylon Health (“Babylon”), the UK-based healthcare technology and services company, on its game-changing agreement with Prudential Corporation Asia. The transaction was led by Babylon’s General Counsel, Henry Bennett, with support from Commercial Partner and co-head of Osborne Clarke’s Digital Health group, Marcus Vass.
Based in the UK, Babylon offers a world-leading suite of AI-powered health services, including personal health assessment and treatment information.
DLA Piper has advised Russia's largest bank, Sberbank, on the sale of a 19.99 percent stake in Verkhnekamsk Potash Company (VPC), the operator of the Talitsky Potash Project, to Acron Group, with a simultaneous sale of the same stake back to Sberbank Investments, as VPC equity financing investor.
DLA Piper has advised Russia's largest manufacturer of locomotives and rail equipment, Transmashholding, on its joint venture with Japanese industrial conglomerate, Hitachi, to produce traction inverters for passenger trains in Russia.
Per conditions of the agreement, the JV will use manufacturing capacities of Metrowagonmash, a subsidiary of Transmashholding, to manufacture high-performance traction inverters in Russia. Transmashholding will own 51 percent of the JV authorized capital of RUB375 million, Hitachi will own 49 percent.
International legal practice Osborne Clarke has advised leading UK infrastructure manager and developer, Equitix, and global operator and investor in student accommodation, Campus Living Villages, on a joint venture accommodation development project with Durham University.
The scheme – the Mount Oswald project – forms part of the University’s strategy to deliver world-class research, education and wider student experience. It will see the construction of two new college facilities totalling nearly 1,000 additional rooms.
Travers Smith LLP has advised existing client Auto Trader Group plc, the UK's largest digital automotive marketplace, on a joint venture with Cox Automotive UK Limited to provide a leading digital marketplace for wholesale vehicles in the UK.
International law firm CMS has advised Cox Automotive on a joint venture with Auto Trader Group to create “Dealer Auction” – an online auction service for wholesale vehicles in the UK. The co-owned business will provide fleet companies, manufacturers and retailers with a more efficient and convenient way to dispose of their stock of vehicles.