LONDON – Reed Smith has advised Jefferies International Limited and Kempen & Co. N.V., in connection with the admission to the Specialist Funds Segment of London Stock Exchange plc of Tritax Eurobox plc, a new alternative investment fund focussed on the European logistics market. Jefferies and Kempen acted as joint global coordinators, joint bookrunners and joint financial advisers.
Global law firm White & Case LLP has advised a consortium of banks on the amendment and extension of a Senior Facilities Agreement relating to the refinancing of Sunrise Communications Group AG.
On June 28, 2018, two wholly owned subsidiaries of EQT Corporation – EQT Production Company (“EQT Production”) and EQT Gathering, LLC (“EQT Gathering”) – entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Diversified Gas & Oil Corporation (“DGOC”) pursuant to which EQT Production and EQT Gathering will divest of certain upstream and midstream oil, gas and NGL assets for a total of $575 million.
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Crest Apex Limited, an indirect subsidiary of CK Hutchison Holdings Limited (‘CK Hutchison’), on the contingent acquisition of up to a 4.99 per cent stake in leading shipping company Orient Overseas (International) Limited (‘OOIL’) from Cosco Shipping Holdings (‘COSCO SHIPPING’) for a purchase price of up to approximately HK$2.46bn (US$315m).
Linklaters advised Credit Suisse (Singapore) Limited, DBS Bank Ltd. and Standard Chartered Bank on the issuance by Astrea IV Pte. Ltd. of S$242,000,000 Class A-1 Secured Fixed Rate Bonds, US$210,000,000 Class A-2 Secured Fixed Rate Bonds and US$110,000,000 Class B Secured Fixed Rate Bonds. The Bonds are collateralised fund obligations which are backed by cashflows from interests in private equity funds owned by Astrea IV.
Macfarlanes has advised a consortium of Stanhope, Mitsui and AIMCo on the letting of 212,000 square feet of office space at the landmark Television Centre development at White City, London to French multinational advertising and public relations company Publicis Media. The deal is hailed as the largest London office letting in 2018 so far.
Publicis Media will occupy seven floors of the new office building, 2 Television Centre, which is also occupied by the new Soho House private members’ club and a Bluebird restaurant.
National law firm Irwin Mitchell has advised Yorkshire Artspace, a high profile local Sheffield Arts Charity on the acquisition of Exchange Place Studios, in Sheffield's historical Castlegate.
Yorkshire Artspace has acquired the whole of the Exchange Place building for an undisclosed sum. Funding and support from Arts Council England has made this acquisition possible.
Watson Farley & Williams ("WFW") has advised aventron AG ("aventron"), the well-known Swiss operator of renewable power plants, on its acquisition of the Hochstatten wind farm currently owned by Nuremberg-based N-ERGIE Sonne und Wind GmbH & Co. KG, part of the N-ERGIE AG-Group.
Located in the Bad Kreuznach district of Germany's Rhineland-Palatinate region, the Hochstatten wind farm has been operational since 2012. It has a total installed capacity of 6 MW comprising three Vestas V90 wind turbine generators of 2 MW each.
Ashurst advised Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the sale of the office property "Ideen-botschaft" in Düsseldorf to Patrizia. Warburg-HIH Invest sold the building it had acquired in 2007 for its fund "Pan-Europa-Fonds Nr. 3".The parties have agreed not to disclose the selling price.
Ideenbotschaft, revitalised in 2008, is located on Roßstraße and has a gross lettable area of around 12,700 square meters plus 127 parking spaces and is fully let. The main tenant is the marketing agency Gray Düsseldorf GmbH.
Womble Bond Dickinson (WBD) has advised the management team of Martin Audio, the designer and manufacturer of premium high-performance loudspeaker systems, on its management buyout (MBO) from global audio specialist Loud Audio and investment by Lloyds Development Capital (LDC).
LDC, the private equity arm of Lloyds Banking Group, invested £12m for a significant stake in the company, alongside its current management team led by Managing Director, Dom Harter.