TLT has advised NextEnergy Capital, investment manager for the NextEnergy Solar Fund (NESF), on its £9.3m acquisition of two co-located solar and battery storage projects from Battery Energy Storage Solutions and a consortium of private equity EIS investors.

The projects, Pierces Farm and Salcey Farm, represent NESF’s first investment in co-located technology and add to the fund's already substantial and rapidly growing portfolio.

International law firm advised Permodalan Nasional Berhad (PNB), Malaysia’s leading fund management company, on the 20 year letting of Aviation House to WeWork.

The flexible co-working provider will occupy 130,000 sq ft across eight floors of the building near Holborn Underground station, which it will revamp. Once open, it will become the Midtown hub for the rapidly expanding company which has opened 24 locations in London in the last four years.

Partner, Sam Folley who led on the deal said:

Offering is the second-largest U.S. corporate bond sale of 2018

Linklaters has advised the Vodafone Group on its US$11.5 billion bond offering, which represents the second-largest U.S. high-grade bond to price this year.

The dollar-denominated offering consisted of six-tranches and closed on May 30, 2018. The SEC-registered notes have fixed and floating rates with an average life of 14 years and effective average euro rate of 2.0%. They are expected to be listed on the New York Stock Exchange.

Ashurst advised the European independent private investment management fund Capzanine and commercial bank NIBC Bank Deutschland AG on the financing of the acquisition of a majority stake in Magix, leading provider of software for the editing of video and music content as well as photographs, by Capiton. While Capzanine provided a second out senior term loan – its first debt investment in Germany - NIBC supported the transaction with a first out senior term loan and revolving facilities.

CHARLOTTE, N.C.—Ground has broken on the newest addition to the Uptown Charlotte skyline—the $110 million Kessler Grand Bohemian Hotel. Womble Bond Dickinson client the Kessler Collection is building the 254-room luxury boutique hotel, and a Womble Bond Dickinson real estate team led by Joe Foltz represented the Kessler Collection in the project.

Jones Day advised Jones Lang Lasalle Incorporated’s subsidiary LaSalle Investment Management on its agreement to acquire the entire Real Estate Multi-Manager (“REMM”) business of Aviva Investors and full ownership of the management of the Encore+ fund (“Encore+”). Aviva's REMM business has $7 billion (€6.05 billion) of assets under management. Encore+, an open-ended Continental European real estate fund, currently has a gross asset value of $ 1.967 billion (€1.7 billion).

Rami Turayhi joined McDermott as a partner in the Corporate & Transactional Practice Group. Mr. Turayhi is based in New York and focuses his practice on fund formation with an emphasis on the formation of private equity funds.

Arnold & Porter has announced that Craig D. Margolis and Tirzah S. Lollar have joined the firm's White Collar Defense and Government Contracts practices as partners, and will reside in the firm's Washington, DC office. Their extensive experience handling False Claims Act matters will add further depth to Arnold & Porter's capabilities in this area.

Renowned authority in securities law and corporate governance and former Chief Counsel of the SEC’s Division of Corporation Finance returns to firm as a partner

King & Spalding has announced that Bradford L. Ward has joined as a partner in the firm’s Government Matters practice group in the Washington, D.C., office. Ward will focus on international trade policy, market access, and trade remedy litigation before federal agencies, U.S. courts and WTO dispute settlement panels.