On January 21, 2019, Cooper Equipment Rentals Limited ("Cooper") announced that it had acquired Star Rentals Ltd. In British Columbia, consistent with its pan-Canadian strategic growth plan.
Star Rentals is the largest independent equipment rental company in the Lower Mainland of British Columbia with locations in each of White Rock, Surrey, Langley, Abbotsford, Burnaby and Maple Ridge.
Bird & Bird represented Image Systems AB in connection with its SEK 66.3 million rights issue. Image Systems AB is listed on Nasdaq Stockholm and active in the development and manufacturing of ranged measuring technology and high resolution image processing primarily in North America and Europe.
Responsible partner for Bird & Bird's team was Ola Lidström.
A cross-regional Dentons team led by Corporate partners Jeff Haidet and Kristen Beystehner, advised Emart, Korea’s largest retailer, in its acquisition of US food retailer Good Food Holdings, including retail brands Bristol Farms, Lazy Acres and Metropolitan Market, for US$275 million.
DLA Piper has advised The China Navigation Company, a subsidiary of the Swire Group, on its agreement with Hamburg Süd to acquire their bulk shipping business which includes Rudolf A. Oetker (RAO), Furness Withy Chartering and the bulk activities in Alianca Navegacão (Aliabulk).
Closing of the agreement is expected by the end of the first quarter of 2019, subject to regulatory approval. The RAO Tankers business unit is not included in the sale and will remain part of the Hamburg Süd Group for the time being.
Baker McKenzie advised Evergrande Health Industry Group Limited (Evergrande Health), a company listed on the Main Board of the Hong Kong Stock Exchange, on its acquisition of 51% stake in National Electric Vehicle Sweden AB (NEVS) for a total consideration of USD 930 million.
Global law firm White & Case LLP has advised Deutsche Pfandbriefbank AG (Pfandbriefbank) as lender, lead manager and mandated lead arranger on the granting of a €500 million loan for Vonovia SE.
The loan has a term of ten years and will be issued in equal parts by Pfandbriefbank and Landesbank Baden-Württemberg. The loan is secured by a residential portfolio in Dresden with a total lettable area of approximately 800,000 square meters, consisting of around 13,400 residential units and over 200 commercial units. The portfolio is almost fully let.
International law firm Pinsent Masons has advised Sabio on its acquisition of flexAnswer Solutions
The Sabio Group, a UK-based unified communications and contact centre services company, has announced the acquisition of flexAnswer Solutions, a leading Singapore-based provider of innovative Virtual Assistant solutions. The deal aims to strengthen Sabio’s digital offering and is part of an ongoing growth plan to broaden the company’s solutions portfolio and geographic coverage.
Top 40 law firm Trowers & Hamlins has advised The West Midlands Combined Authority (WMCA) on the innovative 5G testbed roll-out which will see the region become the first in the UK to trial the new advanced connectivity.
Watson Farley & Williams (“WFW”) advised Germany’s Rheinmetall AG (“Rheinmetall”) on its new joint venture (“JV”) agreement with BAE Systems (“BAE”) to create a joint UK-based military vehicle design, manufacturing and support business. The establishment of the JV is subject to regulatory approvals which are expected to be completed in H1 2019.
CMS has advised Pierre Fabre, a world-leading dermocosmetics manufacturer, on the launch of its first online store in Europe. The shop became fully operational in November this year and will serve as a model for further Pierre Fabre e-commerce projects on European markets.