International law firm Clifford Chance is advising Pfizer, one of the world's largest pharmaceutical companies, with respect to a consumer healthcare joint venture with GlaxoSmithKline (GSK), to create a premier global consumer healthcare company.
The Ukrainian office of Wolf Theiss advised rent24, the leading international co-working and co-living solutions company headquartered in Germany, on its entering the Ukrainian market and a joint venture with a Ukrainian pioneer in the co-working solutions business – the Chasopys Group.
Shearman & Sterling advised global specialty chemicals company Albemarle Corporation in connection with its entry into a definitive agreement to acquire a 50 percent interest in Mineral Resources Limited’s Wodgina hard rock lithium project in Western Australia for a purchase price of US$1.15 billion. The companies are forming a joint venture to own and operate the Wodgina project to produce spodumene concentrate and battery grade lithium hydroxide. The transaction is expected to close in the second half of 2019.
The Team
The Life Sciences team advised Staten Biotechnology B.V. on its strategic collaboration with Novo Nordisk A/S to develop novel therapeutics for the treatment of triglyceride dyslipidaemia. Under the collaboration agreement, Novo Nordisk will provide research and development funding and support for Staten to develop its lead asset, STT-5058.
Gilbert + Tobin advised ‘neobank’ Xinja on its restricted banking licence application under the Australian Prudential Regulation Authority’s new regime.
Xinja is a digital-only ‘neobank’ that aims to provide banking services in an innovative and technologically-driven way. Gilbert + Tobin supported Xinja in securing its restricted authorised deposit-taking institution (ADI) licence, which allows Xinja to conduct limited banking services in Australia with the ultimate goal of becoming an ADI.
Greenberg Traurig, LLP advised on the sale of media rights relating to Ekstraklasa, the Polish premier football league, to the broadcasters nc+ and TVP for the 2019/2020 and 2020/2021 seasons.
CMS has advised Heineken on its partnership with the Madrid craft beer brand La Cibeles.
The objective of this movement is to accelerate the international expansion of La Cibeles and gain a presence within the craft sector.
The team was formed by: Rafael Suárez de Lezo, managing partner CMS; Javier Leyva, Elena Esparza, partners CMS; Blanca Cortés, counsel CMS; Ricardo Héctor, Irene Miró, senior associates CMS; Cristina Ridruejo, Lucía Campillo, associates CMS; and Alberto Colomina, trainee CMS.
King & Wood Mallesons has acted for Dexus on a joint venture to establish a $2 billion unlisted logistics trust. The vehicle, named Dexus Australian Logistics Trust, will invest in Australian logistics properties and be open-ended with an indefinite term.
Dexus will initially hold 75% of the core vehicle, to be seeded with assets from its existing industrial portfolio. The remaining 25% will be taken by Singaporean sovereign wealth fund, GIC. GIC will have put and call rights to acquire an additional 24% by June 2020.
Led by Hamburg partner Carla Luh and Frankfurt Counsel Alexander Stefan Rieger Hogan Lovells has advised Kapsch TrafficCom AG, an internationally renowned provider of intelligent transportation systems and European Electronic Toll Service (EETS) Provider, as well as Axxès SAS, a leading business in the European heavy goods vehicles (HGV) toll collection market and EETS Provider, on all aspects relating to the implementation of an innovative joint venture in the European HGV tolling sector.
Macfarlanes has advised market-leading Fintech Salary Finance on a joint venture with independent banking group CYBG. The initiative will see CYBG add an innovative channel to its exiting personal lending business by funding Salary Finance’s rapidly growing product line for salary-deducted loans.
Co-founded by the former Head of Google UK & Ireland, a former banking consultant and a social impact entrepreneur, Salary Finance brings together expertise in financial technology with a desire to do social good.