London—Dentons has advised City Loft LLC, the owner of Adjarabet, the market leader in online betting and gaming in the regulated market in Georgia, on Adjarabet’s £101 million acquisition by Paddy Power Betfair plc of an initial 51% controlling stake.

Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia including casino, sports, poker and peer-to-peer games. During 2017, the business also launched in the regulated Armenian online market.

Global law firm DLA Piper is advising leading Internet of Things (IoT) and cloud-based solutions company Buddy Platform Limited (ASX: BUD) on its AU$71 million acquisition of global smart lighting technology company LIFX and associated AU$18.1 million placement.

Linklaters has advised BlackRock’s Real Assets division on the sale of a portfolio of five operating wind farms and one operating solar project located across the UK to Equitix Investment Management Limited. The transaction closed on 1 February 2018.

This marks the second completed sale in the past three months for BlackRock’s Renewable Power platform in Europe and is the latest addition to Equitix’s considerable capabilities in the renewable energy sector. The portfolio being sold became operational between 2010 and 2015.

Client name
HOST HOTELS & RESORTS, INC.

Other parties involved
APG, GIC

Nature of transaction
HOST HOTELS & RESORTS, INC. has completed the sale of its 1/3rd interest in a EUR 2.1bn European Joint Venture

Value of transaction
EUR 700 million

Date deal
21 December 2018

De Brauw involvement
Co-counsel, Local counsel

Other advisors
Davis Polk, Stibbe

De Brauw lead partner
Mark Rebergen

De Brauw team
Mark Rebergen, Chaggai Kon, Johan van der Hoek

Ashurst advised the luxemburgish real estate investor CORESTATE Capital Holding S.A. (Corestate) on the acquisition of an office object in Munich-Neuperlach.

The building is projected to be refurbished, extended and completely let until end of 2020. The overall investment amounts to 66 million Euro. The existing office property currently comprises 13,000 sqm rental space and is let by 75% to individual tenants. After refurbishing the object will have a total floor area of 16,700 sqm and approx. 180 underground parking spaces.

Travers Smith LLP has advised long-standing client The Carlyle Group (NASDAQ: CG) and other shareholders on the sale of graze to Unilever.

Founded in 2008, graze is one of the U.K.’s largest healthy snacking brands. Having started with a snack box delivery service, graze now operates tech-led multichannel model direct-to-consumers, online and via retail. The business has access to unique data enabling it to pioneer innovation and is now present in over 30,000 top retailers across the U.K., as well as national U.S. retailers such as Target, Walgreens and 7-Eleven.

Milbank, Tweed, Hadley & McCloy LLP has advised Goldman Sachs International and BNP Paribas as initial purchasers in connection with Parts Europe S.A.’s (formerly Autodis S.A.) offering of €175 million Senior Secured Floating Rate Notes due 2022. The net proceeds of the bond offering were, or will be, used to fund the redemption of €72 million in aggregate principal amount of Parts Europe’s Senior Secured Floating Rate Notes due 2022, to repay all amounts drawn under Parts Europe’s revolving credit facility, and for general corporate purposes.

Warsaw--Dentons' Real Estate team in Warsaw has advised LRC Group on the acquisition of 175 apartments and commercial spaces in a uniquely modern housing estate in Warsaw, Poland. The transaction continues LRC's strategy to increase its investment volume in Poland.

The asset is conveniently located in Powisle, the most prestigious part of Warsaw, in the vicinity of green areas and the Vistula river.

Eversheds Sutherland is pleased to announce that it represented Shell New Energies US LLC (Shell) in its agreement to acquire Greenlots, a US-based leader in electric vehicle (EV) charging and energy management software and solutions. Greenlots will become a wholly owned subsidiary of Shell but will retain its brand identity and leadership team.

Watson Farley & Williams (“WFW”) advised long-standing client MSC Cruises S.A. (“MSC Cruises”), the world’s fourth largest cruise operator, regarding two loan facilities for the development of its private resort island in the Bahamas known as “MSC Ocean Cay Marine Reserve” (“Ocean Cay”). The financing arrangements consist of:

a €100m Bpifrance Assurance Export backed facility agreement with HSBC France and Unicredit Bank AG as mandated lead arrangers and HSBC France as facility agent; and