Bingham partner Carl Valenstein and counsel Kelly Grez represented ClearPath Development Company in a strategic partnership with Astellas Pharma Inc. to form a portfolio of development companies focused on vaccines targeting infectious diseases. The partnership, established to support Astellas’ goal of building a global vaccine franchise, launched its first company, RSV Corporation, in December 2013.
Law360 honored the Hotels and Leisure practice with a spot on its Practice Groups of the Year awards, acknowledging the group's exceptional work on some of the most complex, large and significant transactions in the Hospitality industry. Over the past year, the group closed over US$6.3 billion in deals, taking on challenging transactions marked by tight deadlines and turnaround demands.
Slaughter and May advised Wanda Commercial Properties Group ('Wanda Group') on the formation of a joint venture with its parent company, Wanda Commercial Properties (Hong Kong) ('Wanda HK'), for the acquisition and redevelopment of a property located in central London, and a shareholder loan facility of approximately HK$875.6 million granted by Wanda HK to Wanda Group.
Wanda Group's maximum total capital commitment under the joint venture is HK$3,000 million and the transactions constituted a major and connected transaction of Wanda Group under the Hong Kong Listing Rules.
Shearman & Sterling is advising Indorama Ventures Public Company Limited on its joint venture with Abu Dhabi National Chemicals Company (ChemaWEyaat) to build an Aromatics plant in Abu Dhabi. The joint venture agreement was signed on 26 December 2013 and provides for Indorama Ventures to acquire a 49% interest in a joint venture company being formed to develop, own and operate the Aromatics plant, known as "Tacaamol."
The Austrian call center specialist Competence Call Center Holding GmbH (CCC) has founded, together with airberlin, the Luftfahrtservice Call Center GmbH (LCC), based in Berlin. The joint venture company will serve to further professionalise airberlin’s customer services. Some 200 airberlin employees have been transferred from its customer services to LCC. From now on, CCC will operate exclusively for airberlin as a call center service provider.
DLA Piper represented Musco Sports Lighting LLC, a global provider of industrial lighting solutions, in a joint venture with Ferrostaal Industrial Products. The newly formed company will be called Musco Ferrostaal GmbH and will design, supply and install lighting systems for industrial plants and sporting facilities throughout Europe.
Hogan Lovells has successfully advised the Japanese companies Mitsubishi Corp. and GS Yuasa International on the formation of a joint venture with Robert Bosch GmbH, an internationally leading technology and service company.
A Dentons Corporate team advised on a significant partnership between client Spire Capital Partners, a private equity firm specializing in business services, information services, education, media and communications sector investments, and the management of Surgent Tax & Accounting Education, a leading provider of continuing professional education services to organizations and professionals in the accounting, auditing and taxation industries.
Olswang has advised Endemol, the world's largest independent television and digital production company, on its $13m investment in Plumbee, a digital gaming business that creates, operates and markets free-to-play social games on mobile platforms and social networks such as Facebook. Plumbee's existing investor, Idinvest Partners, also participated in this round. The deal values the business at $40 million.
Watson, Farley & Williams has advised wpd offshore, the independent German energy group specialising in offshore wind energy, in connection with its joint venture with EDF Energies Nouvelles in their bid for the second offshore wind project, following the call for tenders launched by the French government in May 2013.