Hamburg – Hamburg-based asset manager Luxcara has acquired the Eikeland-Steinsland onshore wind farm project in southern Norway. Together with MEAG, the asset manager of Munich Re and ERGO, it also initiated and structured the financing. Comprising 37 turbines, Eikeland-Steinsland’s total installed capacity of 155.4 megawatts is due to be connected to the grid in 2019. The purchase price was not disclosed.
Warsaw—Dentons Real Estate team in Warsaw has advised Warburg-HIH Invest Real Estate, a German real estate investment manager, on the acquisition of the Sagittarius Business House office building in Wroclaw from Echo Investment.
Located in Wroclaw’s central business district, Sagittarius Business House was completed in the first half of 2018. It offers 25,600 sq. m. of modern, A-class office space. The main tenants of the building are EY and Bank of New York Mellon.
DLA Piper has advised Baring Vostok, a private equity fund investing in Russia and the Commonwealth of Independent States, on its acquisition of a minority stake in Itransition, a leading Belarusian software solutions developer and full-spectrum IT services provider.
Watson Farley & Williams (“WFW”) advised independent Namibian oil and gas explorer Azinam Ltd (“Azinam”) on its divestment to ExxonMobil Namibia (PEL 44) Ltd, an affiliate of ExxonMobil Corporation, of a 30% stake in Petroleum Exploration Licence 44 (“PEL 44”) offshore Namibia. The transaction remains subject to governmental approval and other conditions.
National law firm Shoosmiths has advised long-standing clients, Nurton Developments Limited (Nurton), on the £95m sale of its landmark asset management project, 2 Colmore Square and Cannon House.
The sale completed yesterday (22 August), following an exchange of contracts in July.
Shoosmiths has advised on the sale of specialist IT-provider Taylor Made Computer Solutions (TMCS) to Peach Technologies, creating one of the UK's biggest IT managed providers as a result.
Hampshire based TMCS and Peach Technologies will combine their circa 200 employees, 1,000-strong customer base and £20m sales.
Together, they will provide an enhanced product portfolio while offering a single point of contact for IT, telephony and communication services.
Gilbert + Tobin is pleased to have advised Deutsche Bank AG, New York Branch and Sydney Branch on its joint arranging and underwriting of a $852 million senior debt facility for the AirTrunk Group, which is the largest data centre-specific financing undertaken in Australia to date. The financing will allow the AirTrunk Group to build out significant additional capacity for its customers.
Arrival of Thomas Grützner further enhances the firm’s White Collar Defense & Investigations Practice in Germany and Europe.
Latham & Watkins LLP is pleased to announce that Thomas Grützner will join the Munich office as a partner in the Litigation & Trial Department. Grützner’s practice focuses on advising corporate and financial institution clients on a variety of complex compliance and white collar crime matters.
Luis F. Gomar has joined Baker McKenzie as a Partner in the North America Corporate & Securities Practice, bringing more than a decade of experience advising on cross-border transactions in the energy and finance sectors.
Based in Houston, Luis counsels clients on both domestic and international transactions involving divestitures, financing, fund formations, joint ventures and mergers and acquisitions. He regularly advises energy companies on contracts, formation and structure planning.
International legal practice Osborne Clarke has advised private equity house, Mobeus Equity Partners (Mobeus), on the £8.4 million management buyout of Travel & General Insurances Services Limited (T&G), a specialist intermediary focused on the travel industry.