Hogan Lovells has advised Infracapital on the sale of Calvin Capital, the domestic energy metering business, to KKR Infrastructure Fund II for an undisclosed sum. Hogan Lovells has advised Infracapital Fund I and Infracapital Fund II, each managed by M&G Investments, as the joint owners of Calvin Capital on the transaction.

Hogan Lovells has also acted for Calvin Capital in connection with their metering projects for many years. This transaction is the culmination of a highly successful ownership strategy for Infracapital.

DLA Piper is advising National Grid on real estate matters arising from the sale of 61% of its gas distribution arm, valued at £13.8 billion.

The team, led by partners Tim Field (Leeds) and Tom Kelsall (Manchester), is advising on the separation and transfer of the land and properties required by the gas distribution business. Senior associate Fiona Strachan acted as the in-house legal workstream lead for the real estate aspects of the project.

DLA Piper has advised Thomas Zabel, sole shareholder of Zabel Property AG, on the sale of the company to Jones Lang LaSalle (JLL).

The sale took place subject to approval by the German Federal Cartel Office. Employees of Zabel Property AG will be transferred without exception to JLL and after a transition period, the Zabel brand will be converted into the JLL brand.

Setterwalls assisted the owners of Veryday AB in its sale to McKinsey & Company. Veryday is one of the world’s leading and most award-winning design companies.

Setterwalls team consisted by Anders Söderlind and Samuel Skybrand.

Accedo Invest AB has acquired all shares in Digiflare, Inc., a leading video UX company headquartered in Canada. The current top executives and sellers of Digiflare, Inc. will take on senior management positions within the merged organisation, alongside Accedo's current management.

The merged organisation will have a global reach and be a leading video service provider.

Mannheimer Swartling together with Blakes in Toronto advised Accedo and its majority shareholder SEB Private Equity Opportunity Fund III on the transaction.

Konecranes group companies and companies of Columbus McKinnon Group have signed an agreement regarding the sale of STAHL CraneSystems GmbH (and affiliates abroad) by Konecranes to Columbus McKinnon. Konecranes Oyj is a listed engineering company specialised in industry and crane process technology based in Hyvinkää, Finnland. The divestment is subject to the approval of the EU Commission and antitrust clearance by the Federal Cartel Office (Bundeskartellamt)

Linklaters has advised National Grid plc (“National Grid”) as it today enters into an agreement to sell a 61% equity interest in its UK gas distribution business (“NGGD”) to a consortium of long-term infrastructure investors. The Consortium comprises Macquarie Infrastructure and Real Assets (“MIRA”), Allianz Capital Partners, Hermes Investment Management, CIC Capital Corporation, Qatar Investment Authority, Dalmore Capital and Amber Infrastructure Limited/International Public Partnerships.

Staples, Inc. and Cerberus Capital Management, L.P. have entered into an agreement in relation to the sale of a controlling interest in Staples’ European operations to a Cerberus affiliate. Staples’ European business consists of retail, contract, and online businesses in 16 countries generating aggregate annual sales of approximately EUR 1.7bn. Staples is retaining a 15 percent equity interest in the business and will be represented on its board of directors following the closing of the transaction.

* Baker & McKenzie advised on one of the largest deals of the quarter globally: Emerson Electric’s USD 4 billion carve-out and sale of its Network Power business
* Complex cross border disposals to become more relevant as companies re-examine their businesses

Premier global law firm Baker & McKenzie has advised global manufacturing and technology company Emerson Electric on the USD 4 billion carve-out and sale of its Network Power business to Platinum Equity, which closed 30 November.

Schoenherr has advised UNIQA Insurance Group AG ("UNIQA") on the sale of its Italian insurance company UNIQA Assicurazioni SpA ("UNIQA Assicurazioni") to the Italian mutual insurance company Società Reale Mutua di Assicurazioni for a consideration of EUR 295m. The sale includes UNIQA Assicurazioni and its subsidiaries operating in Italy – UNIQA Previdenza SpA and UNIQA Life SpA. The closing of the transaction is expected to take place in the first half of 2017 following the receipt of all necessary regulatory approvals.