MUNICH – Reed Smith has advised private equity fund ASC Investment S.a r.l. on the 100 per cent acquisition of Canon Deutschland Business Services GmbH and Canon Deutschland University Services GmbH from Canon Deutschland GmbH.
Related Professionals: Florian T. Hirschmann Silvio McMiken Tobias Schulz

ASC Investment S.a r.l. is a financial investor with offices in Luxembourg and Munich, which specialises in the acquisition of medium-sized companies.

GSK Stockmann advised Art-Invest Real Estate for one of its office funds on the purchase of a multi-tenant office building in Frankfurt Ostend. The seller is Generali Real Estate S.p.A. acting on behalf of a Generali Group company. The parties agreed to keep the purchase price confidential.

King & Wood Mallesons’ (KWM) debt capital markets team in Hong Kong continues to maintain a robust track record in the high-yield space in 2019, having advised on a number of high-profile issuance with “first of the market” features and complex liability management components, by leading PRC companies, including most recently:

ENN Ecological

Global law firm White & Case LLP has advised the Saudi Real Estate Refinance Company (SRC) on the establishment of its inaugural domestic SAR 11 billion Sukuk Issuance Programme, and the issuance thereunder of SAR 750 million across four Series.

"Advising on this important transaction reinforces the strength of our practice and presence in Saudi Arabia and the Middle East, and our significant Islamic finance capabilities," said White & Case partner Debashis Dey, who co-led the Firm's deal team.

Development In Iconic Location To Go Ahead

National law firm Irwin Mitchell’s Banking and Finance and Construction departments have assisted developer Cole Waterhouse in securing a  £55 million finance facility enabling it to build a 354 residential apartment scheme close to the home ground of Manchester United.

The funding was secured from Fortwell Capital and will enable the construction of the development with completion due in the first quarter of 2021.

DLA Piper has advised Vancouver-based integrated forest products company Canfor Corporation on its acquisition of 70 percent of Swedish-based privately owned sawmill company VIDA for SEK 4.1 billion.

Canfor produces primarily softwood lumber and owns a 54.8 percent interest in Canfor Pulp Products Inc., supplier of pulp and paper products worldwide. After the acquisition of VIDA, Canfor's annual production capacity will be approximately 7.2 billion board feet.

Charles Russell Speechlys’ construction team has advised Derwent London on its £196m building contract with Laing O’Rourke for the development on top of Tottenham Court Road tube station.

The development, the biggest building contract Derwent London has placed to date, will comprise offices, retail units and a brand new theatre in a 285,000 sq. ft. development on the corner of Oxford Street and Charing Cross Road, sitting above the new Crossrail station at Tottenham Court Road.

DLA Piper has advised FinLab AG on a high seven-digit investment, together with existing investors, in ONPEX's Banking-as-a-Service (Baas) platform. ONPEX, which holds subsidiaries operating in Germany, Luxembourg and Hong Kong, will use the growth capital to expand its team and broaden as well as market its existing product offering.

DWF has advised Polemos plc, an AIM-listed cash-shell, on the reverse takeover of Digitalbox Publishing (Holdings) Limited and the acquisition of Mashed Productions Limited.