Travers Smith has advised longstanding client, the management team of the RAC Group ("Management"), in relation to the partnership entered into by funds advised by CVC and GIC, Singapore's sovereign wealth fund. CVC will become a co-shareholder in the RAC through the purchase of Carlyle's stake.
An international life sciences transactions team recently advised Pfizer Inc. in its strategic drug discovery collaboration with Heptares Therapeutics to research and develop potential new medicines directed at up to 10 G protein-coupled receptor (GPCR) targets across multiple therapeutic areas.
Clifford Chances has advised CVC Capital Partners ("CVC") on its partnership with Singapore's sovereign wealth fund, GIC, leading CVC to become a co-shareholder in the RAC through the purchase of Carlyle's stake in the RAC.
The investment was the very first made from CVC's Strategic Opportunities Platform, established in response to growing demand from large investors to be able to invest for the long term in stable, high quality businesses.
Setterwalls has assisted Jämtvind AB in its joint venture agreement with Huanghe Hydropower Development Co., Ltd., a subsidiary of China State Power Investment Corporation (“SPIC”) which is one of the largest state-owned electricity producers in the People’s Republic of China. The joint venture company will be established in Jämtland after the joint venture agreement has been approved by SPIC and the Chinese government and it will focus on developing renewable energy, i.a. wind power.
Setterwalls’ team consisted of
Johan Hallén (partner in charge)
and Junli Shu.
Focus on Development and Commercialization of Two Novel Oncology Products: binimetinib and encorafenib
PARIS (19 November 2015) – Array BioPharma Inc. and Pierre Fabre announced their collaboration to globally develop and commercialize Array’s two late-stage oncology molecules: binimetinib and encorafenib. Pierre Fabre has long been successfully committed to the research and development of new medications and develops products for patients afflicted with lung, breast and other solid tumors and hematological cancers.
Frankfurt – Paul Hastings LLP has advised Singha Europe Company Ltd. ("Singha Europe"), a newly established subsidiary of Boon Rawd Brewery Company Limited, in connection with a strategic and financial investment into and partnership with Valensina Holding GmbH ("Valensina"). Singha Europe now holds a significant equity interest in Valensina through a subscription of new shares issued by Valensina.
Hannes Snellman acted for Lockheed Martin (NYSE: LMT) in connection with the structuring and negotiation of its investment in Exechon Enterprises L.L.C., based in the United Arab Emirates. Hannes Snellman advised in particular on Swedish and Finnish law aspects of the acquisition of the assets and undertaking of Swedish company, Exechon AB, an investor in the new joint venture company.
Ince & Co has advised longstanding client Golar LNG (“Golar”) on their contract with West Africa Gas Limited (“WAGL”) to provide Floating Storage and Regasification Unit ("FSRU") services to support their Liquefied Natural Gas (LNG) import project in Ghana. The transaction marks Sub Saharan Africa's first FSRU project.
WAGL, a joint venture between the Nigerian National Petroleum Corporation (60%) and Sahara Energy Resource Ltd (40%), is developing an LNG import project at the port of Tema, Ghana. The planned start-up date is for Q2 2016.
Trowers & Hamlins have advised leading investment company Taameer Investment SAOC, part of the Golden Group of Companies (GGC), on its recent deal to set up a chain of hotels in Oman – the largest deal of its kind for a hotel chain operating in the Sultanate.
Squire Patton Boggs has advised Owens Corning, the global producer of insulation, roofing and fiberglass composites, in executing wind energy supply agreements in connection with newly installed wind energy capacity.
In announcing these transactions, Owens Corning noted that they represent “the largest wind power agreements reported by an industrial company in the world.” They also support Owens Corning’s pledge to meet its ambitious 2020 sustainability goals, and will significantly reduce the company’s carbon emission footprint.