Ashurst is advising Rothschild & Co in relation to JD Sports' recommended cash offer for Footasylum, announced today. The terms of offer value the entire issued and to be issued ordinary share capital of Footasylum at up to approximately £90.1 million on a fully diluted basis.
International legal practice Osborne Clarke has advised BDW Trading Limited on the sale of its management company, Barratt Residential Asset Management (BRAM), to FirstPort.
FirstPort is the UK’s premier property management company, with over four decades of experience FirstPort cares for 185,000 homes across the UK.
Global law firm Norton Rose Fulbright has advised Bank BGZ BNP Paribas S.A. on the loan facilities made available to ISOC Group for the purpose of financing the acquisition of the Argon office building in Gdansk, Poland, located in the Alchemia office complex.
The office building was sold by Torus, a leading Polish commercial real estate developer.
The purchaser, ISOC Group, is a real estate and infrastructure investment company with its headquarters in the Philippines.
Munich—Global law firm Dentons advised the automotive supplier MT Technologies, a group company of the large Philippines conglomerate Ayala Corporation, on the acquisition of 75.1% of the shares in Germany’s C-CON Group. Upon completion of the transaction, which still requires the approval of the antitrust authorities, C-CON will be fully integrated into MT Technologies.
Allen & Overy has advised a syndicate of banks on the successful issue of a EUR 500 m bond (ISIN: XS1961019426) by Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) with a coupon linked to the SOFR (Secured Overnight Financing Rate).
The syndicate comprised Bank of Montreal, London Branch; Deutsche Bank AG, London Branch; J.P. Morgan Securities plc and RBC Europe Limited as joint lead managers. Bank of Montreal also acted as technical lead.
Addleshaw Goddard's (AG) real estate sector team has advised Battersea Power Station Development Company (BPSDC) on an agreement relating to the transfer of and long term asset management strategy for the commercial assets within Phase 2 of the Battersea Power Station (BPS) development.
Davis Polk advised Aptiv PLC in connection with an SEC-registered offering of $300 million aggregate principal amount of its 4.350% senior notes due 2029 and $350 million aggregate principal amount of its 5.400% senior notes due 2049. The notes are guaranteed by certain of Aptiv PLC’s subsidiaries.
Aptiv is using the net proceeds from the offering, together with available cash, to fund the redemption of its outstanding 3.150% senior notes due 2020.
Baker McKenzie assisted Shanghai Moons Electric Co, Ltd., a company listed on the Shanghai stock exchange, on the acquisition of Technosoft Motion AG and its subsidiaries in Switzerland and Romania.
Technosoft is a leading motion control technology company specializing in the development, design and manufacture of motion control products and custom motion systems for different industries.
Shanghai Moons Electric manufactures and sells motion control and intelligent lighting products in China, North America, Europe, East Asia, and Southeast Asia.
MinterEllison has advised Growthpoint Properties Australia (Growthpoint, ASX: GOZ) on its funding of the A$57 million expansion and upgrade of Woolworths' Adelaide Regional Distribution Centre (ARDC) in Gepps Cross, South Australia.
Growthpoint is an ASX-listed real estate investment trust or A-REIT, with a mandate to invest in Australian office, industrial and retail real property with a portfolio currently worth $3.9 billion.
In return for funding Woolworths' redevelopment of the ARDC, Growthpoint will receive a coupon on incurred costs at a yield of 6.75%.
Matheson recently advised Ballymore and Oxley on the €60 million funding of two residential blocks as part of the ongoing “Dublin Landings” waterfront regeneration project. The project located on North Wall Quay is expected to extend to 100,000 sq m of office, residential and retail / leisure accommodation, of which 22,019 sq m will be residential accommodation.