Global law firm White & Case LLP has advised Séché Environnement on a Euro PP bond issuance for a total of €130 million by way of private placement. Séché Environnement is a French company specializing in the reclamation and disposal of household and industrial waste.
Séché issued a 7-year bond, with an annual coupon of 3.25%, and is one of the most important Euro PP transactions so far this year.
Milbank, Tweed, Hadley & McCloy LLP advised Vietnamese natural resources company Masan Resources (“MSR”) and its subsidiary Nui Phao Mining Company Limited (“Nui Phao”) as purchaser in the buyout of minority joint venture partner German manufacturer H.C. Starck GmbH.
MinterEllison has supported DELWP in the design and implementation of its Victorian Renewable Energy Target (VRET) reverse auction program, a key element of the Victorian Government's target of achieving 25 per cent of electricity in Victoria from renewable sources by 2020.
In 2017 Victoria enshrined its renewable energy targets into law via the Renewable Energy (Jobs and Investment) Act 2017 (Vic). The VRET aims to ensure that 25 per cent of the State’s electricity generation comes from renewable sources by 2020, and 40 per cent by 2025.
Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised the State of Victoria on the Victorian Renewable Energy Auction, which will deliver 928MW of new renewable generation in Victoria.
Six projects were successful in the auction, with each committing to deliver new wind or solar generation in Victoria, ranging from 34 to 336 megawatts. Together, the projects are expected to produce electricity for over 640,000 households, while investing in regional Victoria and creating more than 900 jobs.
The corporate team from independent UK law firm Burges Salmon has advised Gooch & Housego PLC (G&H) on two strategic acquisitions during the summer.
In the UK, the team advised on the acquisition of Integrated Technologies Limited (ITL) for a total consideration of up to £22 million, which will enable G&H to take a significant step towards meeting its strategic objectives, including doubling the revenue of its life science business and accelerating its move up the value chain, with all of ITL's sales coming from system based products.
Having previously advised Zenium Holdings Limited on the sale of its Turkish assets in October 2017, the Charles Russell Speechlys team are pleased to have also advised the management team and shareholders of Zenium Topco Limited on the sale of the company and its subsidiaries (“Zenium”) to CyrusOne Inc. (NASDAQ: CONE) (“CyrusOne”).
Zenium is a leading hyperscale data center provider in Europe, with two properties in London and two in Frankfurt - the continent’s two largest data center markets.
Leading international law firm Clifford Chance has advised global private markets investment manager Partners Group on its 100% acquisition and more than AU$200 million equity investment on behalf of its clients in the 226MW Murra Warra Wind Farm (Stage 1) renewable energy project in Victoria from Macquarie Capital and RES. Construction of the wind farm commenced in March 2018 and is expected to be completed in mid-2019.
International law firm Pinsent Masons has advised Japanese corporation Nidec, through its subsidiary Nidec-Shimpo on the acquisition of Stadler Group, a supplier of transmission technology.
A team led by corporate partner Eike Fietz advised on the transaction. He was supported by partner Dr. Michael Reich, legal director Florian Anselm, senior associate Lefi Herzong, and associates Linda Wüllner and Anna Martin.
Berlin – Technology investor Investcorp Technology Partners has acquired Softgarden, a human resources (HR) software provider. The seller is a group of investors including Cipio Partners, Brandenburg Kapital, Neuhaus and the two company founders, Stefan Schüffler and Dominik Faber. The parties agreed not to disclose the purchase price. The transaction is currently awaiting the usual clearance from the competition authorities.
A cross-border team from Baker McKenzie has advised PT Perusahaan Listrik Negara (Persero) ("PLN") on a revolving credit facility and a term loan facility at a total value of USD 1.5 billion, with a greenshoe option of up to USD 500 million.
This deal is the first large-scale syndicated offshore financing for the Indonesian state-owned power company. The loan facilities will be used by PLN for capital expenditure and general corporate purposes.