Darrois Villey Maillot Brochier and Gide advise AccorHotels on the project to sell the majority of the share capital of AccorInvest. AccorHotels would initially sell 55% of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Interoute, the owner-operator of one of Europe’s largest networks and a global cloud services platform, on its acquisition by the leading global cloud networking provider GTT Communications, Inc. (‘GTT’) for €1.9bn.
Herbert Smith Freehills has advised New South Wales Treasury on the sale of New South Wales’ 58% shareholding in Snowy Hydro Limited, the owner and operator of the iconic Snowy Mountains hydro scheme, the Laverton North, Valley Power and Colongra gas peaker power stations and the Red and Lumo energy retail businesses.
New South Wales’ shares in Snowy Hydro Limited will be sold to the Commonwealth for A$4.154 billion. The Commonwealth will also acquire Victoria’s 29% shareholding in Snowy Hydro Limited for A$2.077 billion.
In January 2018, Shanda Games Limited ("Shanda Games") has officially introduced in strategic investor Tencent . Following this transaction, Tencent will hold 11.83% equity of Shanda Games, becoming its second largest shareholder.
Ashurst is acting as the legal adviser to the Victorian Government in the A$2.077 billion sale of its 29% share in Snowy Hydro Limited (Snowy Hydro or The Company) to the Commonwealth Government (the Commonwealth).
The New South Wales Government will also sell its 58% share in The Company to the Commonwealth for A$4.154 billion. Following the completion, the Commonwealth will wholly own Snowy Hydro, increasing from its current 13% ownership.
Led by its partners Michael Schlitt and Birgit Reese, Hogan Lovells advised DEMIRE Deutsche Mittelstand Real Estate AG on the acquisition of a strategic interest in the company by funds managed by Apollo.
Macfarlanes has advised the majority shareholder in South Downs Capital Limited, the parent company of Portsmouth Water, on its acquisition by infrastructure investment manager Ancala Partners. The acquisition is expected to complete in March 2018.
Portsmouth Water is an independent provider of high quality public water supplies to a domestic population of over 700,000 individuals, and wholesale water supplies to a wide range of industrial and commercial customers in Portsmouth and the surrounding area.
Global law firm K&L Gates has advised private equity firm CHAMP Ventures on the sale of its majority share in outdoor clothing and equipment retailer Macpac Holdings Pty Limited (Macpac) to Super Retail Group Limited (Super Retail Group) for AUD135 million.
The K&L Gates team that advised CHAMP Ventures on all legal aspects relating to the sale was led by Sydney corporate and transactional partner Nick Humphrey and included senior associate Cristin McCoy and lawyer Tara Gazzard.
Charles Russell Speechlys has advised long-standing clients FPE Capital and Bestport Ventures on the sale of Creditcall to US trade buyer NMI, which is backed by Francisco Partners and Great Hill Partners.
Creditcall offers omni-channel payment gateway services for clients including independent software vendors, sales organisations and payment institutions.
Charles Russell Speechlys originally advised on the management buyout of Creditcall in 2012 which was backed by FPE Capital and Bestport Ventures who subsequently realised a 4.2x return on the sale.
DLA Piper has advised on the sale of Pharmazeutische Fabrik Evers GmbH & Co KG to the Chinese company Bright Future Pharmaceutical Laboratories Ltd. The company mainly produces natural health products for the urology and gastroenterology sectors, which are sold internationally with a strong presence in the Asian market, primarily Japan and China. The parties agreed not to disclose the purchase price.