Molson Coors Canada (“MCC”), the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP) (TSX: TPX), and HEXO Corp. (TSX: HEXO) announced that they had closed the transaction announced on August 1, 2018, to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.
As part of the worldwide partnership between the two groups announced in 2017, Total has just signed with Sonatrach a shareholders' agreement for the establishment of STEP (Sonatrach Total Entreprise Polymères), a joint venture that will be in charge of leading the joint petrochemical project in Arzew, in the west of Algeria.
London—Dentons has advised US property investor Harrison Street Real Estate Capital on its joint venture with Apache Capital Partners focusing on the UK build-to-rent (BTR) sector. The joint venture will see Harrison Street make its first investments in BTR in the UK. As well as establishing a platform, the joint venture also closed on the financing of a development site in the iconic Liverpool docks.
King & Spalding represented Baker Hughes, a GE company (BHGE), on its strategic partnership agreement with Abu Dhabi National Oil Company (ADNOC) that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling.
Slaughter and May advised Amyris, Inc. (Amyris) on its collaboration arrangements with a subsidiary of Yifan Pharmaceutical Co., Ltd. (Yifan). The collaboration was announced on 27 September 2018.
Watson Farley & Williams (“WFW”) advised long-standing client Höegh LNG Holdings Ltd. (“Höegh LNG”) on an investment forming part of a combined commitment of up to US$182m from Stolt-Nielsen Ltd. (“Stolt-Nielsen”), Golar LNG Ltd. (“Golar LNG”) and Höegh LNG in Avenir LNG Limited (“Avenir”) for the pursuit of opportunities in small-scale LNG.
Höegh LNG and Golar will each take an initial 25% stake in Avenir, which was formed in 2017 by Stolt-Neilsen, who will control the remaining 50%.
Addleshaw Goddard has advised long standing real estate client Bruntwood on its landmark 50:50 partnership with Legal & General Capital (Legal & General) to create the UK’s largest property platform dedicated to driving science and technology growth in regional cities.
The deal will see the two partners invest £360m of capital, property and intellectual assets into a new company, Bruntwood SciTech, with a business plan supporting the creation of 20,000 high value jobs.
Clifford Chance advised Helios Investment Partners ("Helios"), the leading Africa-focused private investment firm, in connection with the setting up of its partnership with Mohamed Kabbadj, founder of the leading private higher education group KMR Holding Pédagogique ("KMR") based in Morocco.
Helios’ investment will serve to contribute to KMR’s development phase focused on consolidating its position as one of the foremost tertiary education providers in Francophone Africa.
Casablanca—Dentons Morocco has advised Gaia Energy on a new partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to create a joint platform for the development of wind power and other renewable energy projects in Africa. The new joint platform will start with a pipeline of 22 projects in nine countries across North, West and East Africa, representing a pipeline under development of more than three gigawatts. Originally developed by Gaia Energy, the pipeline will be progressively enlarged to new countries across the continent.
Gide’s Casablanca office has assisted Canadian auto parts supplier Magna on setting up a 50-50 joint venture in Morocco with Altran Technologies SA, a French engineering consulting services firm.
Magna’s comprehensive vehicle engineering and manufacturing group and Altran, a global leader in engineering and R&D services, each hold 50% of the joint venture.
The joint company, named MG2, is located in Casablanca and combines Magna’s complete vehicle know-how and process capability with Altran’s strengths as a locally established partner