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PARTNER MOVES - TLT appoints banking partner in Scotland

08 Jun 2018

TLT has appointed Douglas Gourlay as a partner in its Glasgow office, building on the firm's national strength in banking and finance.

Gourlay joins TLT from national firm Weightmans, where he established the Scottish banking team and led the firm’s UK real estate finance practice. His track record includes working with banks, alternative lenders and borrowers on all kinds of investment and development deals in sectors including student accommodation, retail, hotels and leisure and renewable energy.

Gide advises ONOMO group on the acquisition of Moroccan hotel group Cantor Hôtels

08 Jun 2018

Gide's Casablanca office assisted ONOMO group on the acquisition of a majority stake in Moroccan group Cantor Hotels.

With this operation, ONOMO group adds six Moroccan hotels (with 740 rooms) to its portfolio. These hotels will be operated under the brand name Onomo Hotels, and will be positioned in the mid-range business hotel sector.

ONOMO Hotels is an African group of three-star hotels for business clients.

Dentons advises Enbridge on the sale of 49 Percent of its Interests in Select Renewable Power Assets for $1.75 Billion

08 Jun 2018

Calgary—Global law firm Dentons has advised Canadian energy infrastructure company Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) on the monetization of a 49 percent interest in select North American onshore renewable power assets, as well as 49 percent of Enbridge's interests in two German offshore wind projects (Hohe See, and related expansion) through a newly created joint venture with the Canada Pension Plan Investment Board (CPPIB) to CPPIB, for approximately CAD$1.75 billion.

Sale of Sensortec to Swedish Latour group

08 Jun 2018

Eversheds Sutherland acted as legal and tax counsel to the seller in the sale of Sensortec Holding AG, a leading Swiss company active in the distribution of sensors and transmitters for building automation, to Bemsiq AB, a subsidiary of Swedish Investment AB Latour.

The Eversheds Sutherland team included Marc Nufer (Partner, Corporate/M&A), Alexander Schütz (Associate, Corporate/M&A) and Nathalie Urban (Counsel, Tax).

Hill Dickinson advises Main Market listed Emmerson plc on its acquisition of Moroccan Salts Limited

08 Jun 2018

Hill Dickinson's corporate team has recently advised its client Emmerson plc (Emmerson) on its reverse takeover acquisition of BVI company, Moroccan Salts Limited (MSL), completion of which was announced on 4 June 2018. The acquisition included a significantly over-subscribed placing which raised gross proceeds of £6 million.

Linklaters advises Panattoni Europe on the lease of 16,000 sqm of space to LPP S.A.

08 Jun 2018

Linklaters has advised Panattoni Europe on the lease of 16,000 sqm of space in Panattoni Park Gdansk III to LPP S.A. The complex is under construction and it will comprise two warehouse halls totalling nearly 64,000 sqm. The opening is scheduled for Q3 2018.

The new space will be used as a central warehouse dedicated to Cropp and it will serve the brand's online stores in eleven countries. The lease contract provides for an option to expand the space by an additional 5,000 sqm. Around 300 jobs should be created with the opening of the centre.

Slaughter and May advised Premier Foods plc on the extension of approximately £177,000,000 of its existing revolving credit facility

08 Jun 2018

Slaughter and May advised Premier Foods plc (Premier Foods) on the extension of approximately £177,000,000 of its existing revolving credit facility with its lending syndicate from December 2020 to December 2022, effective on the satisfaction and discharge of existing senior secured fixed rate notes (which occurred on 4 June 2018).

Petróleos Mexicanos Issues CHF365 Million Offering

07 Jun 2018

Cleary Gottlieb represented long-time client Petróleos Mexicanos (Pemex), the Mexican state oil company, in its CHF365 million offering of 1.750 percent notes due 2023, which closed on June 4, 2018.

The securities were issued under Pemex’s medium-term notes program.

BNP Paribas (Suisse) SA and UBS AG acted as joint managers. The securities were listed on the SIX Swiss Exchange.

Davis Polk Advises Ad Hoc Group in Connection with Murray Energy Corporation Refinancing

07 Jun 2018

Davis Polk is advising an ad hoc group of term loan lenders holding approximately 61% of the outstanding term loans of Murray Energy Corporation and noteholders holding approximately 71% of Murray Energy’s outstanding 11.25% senior secured notes due 2021 in connection with a term loan amendment and exchange and a private notes exchange with Murray Energy.

Ashurst advises consortium on one of the largest infrastructure acquisitions in the UK in 2018

07 Jun 2018

International law firm Ashurst advised a consortium led by UK-based fund manager Dalmore Capital, and comprising Fiera Infrastructure, Semperian PPP Investment Partners and Swiss Life Asset Managers on the agreed 100% acquisition of Cory Riverside Energy from Strategic Value Partners and its affiliates, EQT Credit, Commerzbank, and other shareholders.