International legal practice Osborne Clarke has advised the shareholders of Cloud Savings Company on its acquisition by Groupon. Cloud Savings Company is the parent company of online discount code platform Vouchercloud and brand loyalty provider Giftcloud. The enterprise value of the transaction is $65 million.

For Vouchercloud and Giftcloud, the acquisition represents the opportunity to continue to develop their growing businesses while benefiting from Groupon’s local expertise and significant customer and merchant scale.

International law firm Trowers & Hamlins has advised two housing associations and an investment fund on a series of large scale portfolio sales and purchases. The sales consisted of over 1,300 units of accommodation with a value of in excess of £84m and the portfolio acquisitions were of over 2,700 units with a value of around £150m, all completed in the same six month period.

The transactions included the sale of national housing association stock to allow for a more effective service to residents.

Watson Farley & Williams (“WFW”) has advised Burbo Extension Ltd (“BBE”), a joint venture between Ørsted A/S (formerly known as DONG Energy), Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group, on the sale of transmission assets valued at approximately £193m to Diamond Transmission Partners BBE Ltd (“DTP”), owned by a consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Ltd. The divestment took place pursuant to the Offshore Transmission Owner (“OFTO”) regime.

Watson Farley & Williams (“WFW”) has advised leading French private equity investors Naxicap Partners (“Naxicap”) on their acquisition of consumer audio brand Teufel from Hg. It has been agreed not to disclose the purchase price or any further details of the contractual agreements; the transaction is still subject to merger control clearances.

Global law firm White & Case LLP has advised Piaggio & C. S.p.A. on the issuance of a new €250 million high yield bond, 3.625% percent Senior Notes due 2025 and the related exchange offer to refinance its outstanding 4.625% Senior Notes due 2021.

The new Notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act.

Global law firm White & Case LLP has advised Gamenet Group S.p.A. on the issuance of its €225 million high yield Senior Secured Guaranteed Floating Rate Notes due 2023.

The notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act. A portion of the proceeds has been used to redeem Gamenet's existing €200 million Senior Secured Guaranteed 6% Notes due 2021.

Willkie represented Weener Plastics, a leading manufacturer of innovative plastic packaging products, and Willkie’s longtime client 3i in the deal.

Weener Plastics Group (WP), a leading manufacturer of innovative plastic packaging products for consumer goods companies in which 3i invested in June 2015, is acquiring Proenfar, a Colombia-based manufacturer of pharmaceutical and cosmetics plastic packaging solutions for the Latin American market.

Willkie represented Weener and longtime client 3i in the transaction.

Orrick advised VINCI Airports in the acquisition of nine airports and three partial management contracts following the acquisition of the airport portfolio held by Airports Worldwide, a Dutch cooperative previously owned by the Ontario Municipal Employees' Retirement System (OMERS).

The portfolio acquired by VINCI Airports consists of:

Two freeholds, Belfast International Airport in Northern Ireland, and Skavsta Airport near Stockholm, Sweden;

PARIS (30 April 2018) – McDermott Will & Emery has represented Ardian, the private equity fund, in connection with the sale of its minority stake in Piz'Wich, the French frozen snacks manufacturer, to German group Frostkrone, one of the European leaders in frozen appetizers and snacks.

The McDermott team was led by Diana Hund (Partner) and included Louis Leroy on corporate aspects.


About McDermott Will & Emery

Jones Day is advising Banca d’Italia, the central bank of Italy, with respect to important state aid litigation before the EU General Court concerning support measures for banks in financial distress.

For additional information about this matter, please contact: Mario Todino

Client(s): Banca d'Italia
Practice(s): Antitrust & Competition Law, Financial Institutions Litigation & Regulation, Government Regulation
Office(s): Brussels