The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised a European banking consortium on the refinancing of an existing credit facilities agreement of United Internet AG. The new syndicated loan financing comprises term loans for United Internet and revolving credit facilities for United Internet and its subsidiary 1&1 Drillisch AG. In addition, Milbank has advised the lenders on financing for 1&1 Drillisch AG. The financings consist of independent syndicated loan agreements with a volume of several billion euros.

A newly formed joint venture controlled by Raven Capital Management LLC (Raven) has acquired David Ian Productions Limited, a leading producer, promoter, and tour operator of high-profile musicals staged in theatrical markets around the world.

The Frankfurt Real Estate Industry team advised longtime client Godewind Immobilien AG on its acquisition of office complex, “Herzog-Terrassen,” in Düsseldorf for €140 million. The transaction, which was executed in an asset deal, is expected to close by the end of April 2019.

Shearman & Sterling advised Masdar, a global leader in renewable energy and sustainable urban development headquartered in Abu Dhabi, on the acquisition of 49% of Krnovo Green Energy from a subsidiary of Akuo Energy.

The target is the project company of the Krnovo 72 MV Wind Farm project in Montenegro. This is Montenegro's first wind energy project.

The Shearman & Sterling team included consultant Anna Duncan; and trainees Arthur Morris and Jordan Amsellem-Vigano.

The Team

    Iain Elder

Weil advised AccorHotels in its EU338 million acquisition of shares in Orbis from minority shareholders through a public tender offer. Orbis is the largest hotel chain in both Poland and the entire Central and Eastern Europe region.

As a result of the tender offer, AccorHotels acquired shares representing 33.15% of the voting rights in Orbis, for a total cash consideration of EU338 million. This transaction is one of the largest public tender offers in history, in terms of value, for shares of a company listed on the Warsaw Stock Exchange.

Global law firm White & Case LLP has advised Naspers, a global internet and entertainment group and one of the world's largest technology investors, on its US$1.16 billion acquisition of an additional 29.1 percent shareholding in Avito, the leading Russian online classifieds site.

The transaction values Avito at an implied enterprise value of US$3.85 billion. Following the acquisition Naspers stake in Avito will increase from 70.4 percent to 99.6 percent (on a fully diluted basis). The remaining shares are held by existing management.

Cleary Gottlieb is representing América Móvil S.A.B. de C.V. (América Móvil) in connection with its acquisition of 100 percent of the outstanding shares of Telefónica Móviles Guatemala S.A. (Telefónica Guatemala) for $333 million and its entry into an agreement to acquire 99.3 percent of the outstanding shares of Telefónica Móviles El Salvador S.A. de C.V. (Telefónica El Salvador) for $315 million.

The Casino Group has announced the signing of an agreement with funds managed by Fortress Investment Group with a view to the sale of 26 hypermarket and supermarket properties worth EUR 501 million. Under the agreement, the Casino Group will sell a portfolio of 13 Géant Casino hypermarkets, 3 Casino hypermarkets and 10 Casino supermarkets properties in the first half of 2019 to an entity in which the Casino Group will receive an interest, enabling it to benefit from the value created by the transaction.

Munich—Global law firm Dentons advised French sanitary manufacturer SFA (Société Française d'Assainissement) on the acquisition of Zehnder Pumpen. With this acquisition, SFA intends to strengthen its position in the growing market of sanitary facilities.

DLA Piper has advised Sonae Investment Management, the technology investment arm of Sonae Group specialising in IT security and advisory services, on its acquisition of a majority stake in Excellium group, a leading cybersecurity company offering a customisable suite of services to the Luxembourgish and Belgian markets.

Founded in Luxembourg in 2012, the Excellium group operates across multiple jurisdictions including Luxembourg, Belgium, Senegal, Tunisia and the Ivory Coast.