Clifford Chance has advised KKCG, an investment group, on the acquisition of Czech and Slovak IT companies from the Cleverlance Enterprise Solutions and AEC groups, which are part of the Cleverlance Group. KKCG will acquire a majority stake in the IT companies.
Frankfurt, Berlin—Global law firm Dentons has advised Singapore-based investor IREIT Global on the refinancing of its existing real estate portfolio. The refinancing is provided by a €200,760,000 loan granted by UniCredit to the subsidiaries of IREIT Global. The secured loan will serve to refinance a portfolio of office properties in Berlin, Bonn, Darmstadt, Münster and Munich with a total net lettable area of around 200,600 sq.m.
DLA Piper in South Africa has advised Royal Reesink, one of the world’s largest distributors of high-quality machinery, on the acquisition of all the issued shares of South African-based import and distribution company, Smith Mining Equipment Proprietary Limited.
Global law firm Norton Rose Fulbright has advised the Ministry of Finance of Angola on the financing of commercial contracts for the expansion and modernisation of the Port of Namibe in Angola. The multi-tranche credit line of several hundred million US Dollars is provided by Japanese Bank for International Cooperation (JBIC) and other Japanese financial institutions, with support from Nippon Export and Investment Insurance (NEXI). The transaction marks a key milestone in the relationship between Angola and Japan.
Clifford Chance has advised long-standing client Sanoma on the sale of Mood for Magazines to Linda de Mol and Talpa Network. Mood for Magazines is the publisher of personality magazine LINDA. and its extensions. The buyer is Linda de Mol, founder and minority shareholder of Mood for Magazines, together with Talpa.
Law firm Stephenson Harwood LLP has advised Brooks Events Limited on the sale of Mack-Brooks Exhibitions to Reed Exhibitions, a division of RELX Group plc, the FTSE 100 media group.
Mack-Brooks Exhibitions, based in St. Albans, was established in 1965 and features more than 30 business-to-business events in 14 countries, across a range of sectors.
The Stephenson Harwood team was led by corporate partner Ben Mercer, who was supported by corporate associate Kate Hewitson and various teams around the firm.
Top 40 law firm Trowers & Hamlins has advised 90 North Real Estate Partners on the sale of Riverside East in Sheffield to to Corum XL for £24.65m.
Trowers advised on all aspects of the transaction, drawing on expertise from our commercial property, banking & finance, corporate and projects & construction teams.
The building provides 119,000 sq ft of office space across a ground and six upper floors and walking distance of Sheffield City centre.
Ben Neary, Senior Associate at Trowers who led on the deal said:
Milbank, Tweed, Hadley & McCloy LLP advised PT Lestari Banten Energi, a project company of Genting Berhad and SDIC Power, in connection with the project bond issuance of US$775 million 6.875% Guaranteed Secured Senior Notes due 2039. The bonds were issued by LLP Capital Pte Ltd. and unconditionally and irrevocably guaranteed by PT Lestari Banten Energi.
The Firm is representing Blackstone in its acquisition of 50% of Taubman Asia’s interests in three Asia-based shopping centers – Starfield Hanam, CityOn.Xi’an and CityOn.Zhengzhou (located in Hanam, South Korea; Xi’an, China; and Zhengzhou, China, respectively). Taubman Asia is a subsidiary of Taubman Centers, Inc. (NYSE: TCO), an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia and one under development.
Jones Day advised a credit fund in connection with the restructuring of its investments in a significant UK property development and investment company. The transaction, which included negotiation with multiple lenders, resulted in the client taking a controlling equity stake in the business in return for advancing further monies to fund the completion of certain development sites.
For additional information about this matter, please contact: David Harding
Client(s): Credit firm
Practice(s): Business Restructuring & Reorganization
Office(s): London