Mannnheimer Swartling has assisted Nordisk Vindkraft in the sale of 80% of the shares in Våsberget Vindkraft AB to the French asset manager Mirova.
The wind power park will produce 80GWh of green electricity annually, enough for the consumption of 32,000 Swedish households.
Milbank, Tweed, Hadley & McCloy LLP has advised the engineering and services group Bilfinger on the sale of its Water Technologies division. The buyer is the Chinese company Chengdu Techcent Environment Group, which has been active in the water technology sector for many years. Bilfinger’s net proceeds from the sale are expected to amount to approximately 200 million euros.
Darrois Villey Maillot Brochier advised Casino on the disposal of its stake in Big C Supercenter PCL, listed in Thailand (“Big C”), for € 3.1 billion (excluding debt) to the TCC Group, one of the leading conglomerates in Thailand, with operations in the retail, commercial and industrial business, food and beverage, finance and insurance, property and real estate, agricultural and agro industrial sectors. TCC will have to initiate a mandatory tender offer for the remaining share capital of Big C.
Skadden advised the special committee of the board of directors of China Ming Yang Wind Power Group Limited in its $408 million going-private acquisition, announced February 3.
Simpson Thacher is representing Apax Partners in connection with its agreement with PVH Corp. (“PVH”) for PVH to acquire the 55% interest in TH Asia Ltd., their joint venture for Tommy Hilfiger in China, that PVH does not already own. The purchase price for the transaction is approximately $172 million, net of cash of approximately $100 million, subject to adjustment. Completion of the transaction is expected to occur in the second quarter of 2016, and is contingent upon customary closing conditions and necessary regulatory approvals.
McDermott Will & Emery represented Pessina Costruzioni, a sponsor and main shareholder, in the transfer of 85 percent of shares in its subsidiary Garbagnate Salute to the UK-based infrastructure fund Equitix. Garbagnate Salute is a special purpose vehicle created to design, build, finance and operate the new Hospital of Garbagnate Milanese. The investment exceeds €130 million.
The McDermott team was led by partner Marco Cerritelli supported by associates Valentina Perrone and Paolo Cocchini.
Kirkland & Ellis is advising the Special Committee of NASDAQ-listed eLong, Inc., a leading mobile and online travel service provider in China, in connection with its acquisition by a consortium that includes affiliates of Tencent Holdings Limited, Ctrip.com and certain other existing shareholders of eLong. The Merger Agreement was announced on February 4, 2016. For more information about the deal, please click here.
The Kirkland team is led by Hong Kong corporate partners David Zhang, Jesse Sheley and Amie Tang.
Wolf Theiss successfully advised the entrepreneurs and founders of the Bulgarian company Fadata AD on the sale of a majority stake in the company to global private equity firm Riverside Co and insurance services business Charles Taylor PLC which completed at the end of December.
Shoosmiths' corporate team acted for long-standing client Octopus Ventures, the venture capital arm of the Octopus Group, on the sale of Touchtype to Microsoft.
Funds managed by Equistone Partners Europe acquired a majority stake in GALA-Kerzen Group. Founded in 1972, the company is one of the largest candle manufacturers in Europe, headquartered in Germany. The purchase price remains confidential.