Macfarlanes has advised Legal & General Property on the merger of its Industrial Property Investment Fund (“IPIF”) with the Falcon Property Unit Trust (“Falcon”). The two funds have successfully entered into an Amalgamation Agreement under which the amalgamation has taken place immediately.

The amalgamated fund will be called IPIF and with almost £900m in industrial assets, will be the largest UK industrial specialist fund.  It will continue to be managed by Legal & General Property.

Burges Salmon has advised Falcon Property Trust on its amalgamation with Legal & General's IPIF Fund. The deal sees Legal & General's IPIF Fund purchase Falcon's units for a mixture of cash and units in IPIF for a value in excess of £100 million. All 36 properties in Falcon Property Trust will now form part of the IPIF portfolio.

The Burges Salmon team was led by head of the firm's Real Estate Investment practice group, Rick Read, and Corporate partner, Chris Godfrey, with assistance from associate Gareth Hughes and senior associate Emma Payne.

Davis Polk is advising BATS Global Markets, Inc. on its merger with Direct Edge, LLC. The transaction, which is subject to regulatory approvals, is expected to close in the first half of 2014. Financial terms of the transaction were not disclosed.

BATS, which is headquartered in Kansas City, Missouri, is a leading operator of securities markets in the United States and Europe. Headquartered in Jersey City, New Jersey, Direct Edge offers dynamic trading functionality across two distinct platforms, EDGA and EDGX, as well as connectivity and market data services.

WilmerHale is representing its longstanding client, Direct Edge, in its recently announced merger with BATS Global Markets. The combined company will create an exchange operator responsible for executing about 20.6% of all US shares traded so far this month, vaulting the company to the number two spot behind NYSE Euronext and ahead of Nasdaq. The transaction is subject to customary closing conditions, including antitrust and securities regulatory approvals.

Atlanta, GA-- Paul Hastings, a leading global law firm, announced today that the firm represented Novella Clinical, a full-service clinical research organization (CRO) focused primarily on emerging oncology customers as well as those in the medical device and diagnostics sectors, in its agreement to merge with Quintiles, the world's largest provider of biopharmaceutical development and commercial outsourcing services.

The terms of the transaction were not disclosed and the transaction is subject to customary closing conditions.

Parametric Sound Corporation (Nasdaq: PAMT) and Turtle Beach announced that the companies have reached a Definitive Agreement to merge in a stock for stock transaction. The merger will combine Parametric's audio innovations with Turtle Beach's significant financial, technical, design, sales and marketing resources. Parametric's strong research and development capabilities will be leveraged to accelerate innovation enabling the combined company to deliver sustained growth and shareholder value.

DLA Piper represented W. P. Carey Inc., a publicly traded REIT,  in a merger with CPA:16, its publicly held, non-traded REIT affiliate, in a transaction valued at approximately US$4 billion.

International law firm Simmons & Simmons has advised Allianz Global Investors on the merger of Allianz Global Investors Europe GmbH into Allianz Global Investors Kapitalanlagegesellschaft mbH. At the same time, the latter changed its name to Allianz Global Investors Europe GmbH. The company will operate under this name throughout Europe in the future, and will continue to be an asset management company. The merger came into force in September 2012.

Norton Rose Fulbright represented Strike Holdings LLC (known as Bowlmor) in a merger with AMF Bowling Worldwide, Inc. (AMF) to form Bowlmor AMF.

Bowlmor, the leading upscale bowling brand, merged with AMF, a name synonymous with American bowling for generations, creating what is now the world's largest operator of bowling centers with 7,500 employees, 272 bowling centers and combined annual revenue of approximately $450 million.

Bowlmor AMF will include three separate brands and categories of bowling centers—Bowlmor Centers, Bowlero Centers and AMF Centers.