Watson Farley & Williams (“WFW”) advised Seri Industrial S.p.A. (“Seri”), through its subsidiary Tolo Energia S.r.l., on the sale of Idroelettrica Tosco Emiliana S.r.l. (“ITE”) to Serenissima SGR S.p.A.

ITE owns the Lucchio hydropower plant in the central Italian region of Tuscany as well as the Saltino site in Emilia-Romagna in the north east. The plants have a total installed capacity of 4 MW.

Serenissima SGR S.p.A. is an asset management company based in Verona, promoting and managing closed-end investment funds.

DLA Piper Canada acted on behalf of the seller, TRG Group Benefits and Pensions Inc. (“TRG”), in its acquisition by Hub International Limited (“Hub”), effective January 1, 2019.

Hill Dickinson's corporate team has advised SalvaRx Group plc (AIM: SALV) (SalvaRx), a drug development company focused on acquiring and operating drug development programmes in immuno-oncology, on the completion of the sale of its 94.2 % interest in its subsidiary, SalvaRx Limited, to Portage Biotech Inc. (Portage), a public company whose shares are traded on the Canadian Stock Exchange and the US OTC market, for a total consideration of US$67.5m, being satisfied by the issued of Portage Shares to the shareholders of SalvaRx.

Frankfurt/Main – Austrian BAWAG Group has signed a definitive agreement to acquire BFL Leasing GmbH from BFL Gesellschaft des Bürofachhandels mbH & Co. KG. VR-LEASING AG is the majority shareholder in BFL. All parties have agreed not to disclose the purchase price. The final closing of the transaction is still subject to approval by the antitrust and financial services regulatory authorities.

A CMS team headed by lead partner Dr Oliver C. Wolfgramm provided VR-LEASING with comprehensive legal advice on all transaction-related issues.

Milbank, Tweed, Hadley & McCloy LLP advised Fareast Green Energy Pte. Ltd. (“FEGE”) in connection with its divestment of a 50% stake in Fareast Renewable Development Pte. Ltd. (“FRD”) to RH International (Singapore) Corporation Pte. Ltd. (“RHIS”), a wholly owned subsidiary of Ratchaburi Electricity Generating Holding Public Company Limited, the leading independent power generating company in Thailand.

Leading commercial law firm Hill Dickinson has advised on the management buyout of We Are Discounts Limited, the UK’s largest healthcare member discount programme.

The buyout is being led by We Are Discounts' chief executive Andy Miln and non-executive chairman Richard Bandell.