Simpson Thacher is representing private equity funds managed by Blackstone in connection with their acquisition of Cirsa Gaming Corporation, S.A. from Mr. Manuel Lao Hernández.
Cirsa is an international gaming operator with bingo halls, casinos, arcades, sports betting kiosks and slot machines in more than 70 countries. Completion of the transaction is subject to customary approvals by the relevant regulatory and antitrust authorities.
Global law firm White & Case LLP has advised ETF Securities Limited on the sale of its specialist commodity Exchange Traded Product (ETP) US business to Aberdeen Standard Investments (ASI).
The acquired business has US$2.7 billion of assets under management, and it will further broaden ASI’s suite of investment capabilities. It also provides the platform and expertise to enable ASI to grow its existing Smart Beta capability by launching strategies within the acquired platforms.
Hogan Lovells advised KBR, Inc., a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors, in its US$355 million acquisition, through its subsidiary KBRwyle Technology Solutions, LLC, of SGT, Inc., a leading provider of award-winning, high-value engineering, mission operations, scientific, and IT service solutions to a wide array of federal government agencies nationwide.
Global law firm White & Case LLP has advised leading alternative investments firm EQT on the sale of Sweden-headquartered Piab Group AB, a global technology pioneer in industrial automation and robot components, to Patricia Industries for an enterprise value of SEK 6,950 million ( around €661 million).
EQT has approximately €49 billion in raised capital across 26 funds and works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Linklaters advises as UK Asset Resolution announces sale of Bradford & Bingley assets for £5.3 billion.
Following an open and competitive process, Bradford & Bingley plc (“B&B”), part of UK Asset Resolution Limited (“UKAR”), confirmed that it has agreed to sell two separate portfolios of buy-to-let and residential owner-occupied mortgages to an investor group led by Barclays Bank PLC for a total of £5.3 billion. Pursuant to the sale, the purchasers will acquire approximately 45,000 B&B and Mortgage Express mortgages.
Paris office advises CMA CGM on its agreement to acquire a 25% stake in CEVA Logistics AG, a global leading player in the logistics sector, reinforcing its presence in the logistics sector.
On April 20, Willkie client CMA CGM, the world’s third-largest container shipping company, announced its intention to acquire an approximate 25% stake in CEVA, a global leading player in the logistics sector.
Abu Dhabi National Energy Co (TAQA) has issued $1.75billion in bonds, split into a £750million seven year tranche and a $1billion 12 year tranche. Linklaters advised joint lead managers Citigroup, First Abu Dhabi Bank, HSBC, ING, Mizuho, Scotiabank and SMBC Nikko.
The bonds will be traded on the London Stock Exchange.
Jonathan Fried, Capital Markets partner at Linklaters, said:
Linklaters has advised Whirlpool Corporation on the sale of its Brazilian compressor business, Embraco, to Japanese motor manufacturer Nidec for US$1.08 billion in cash.
Embraco has been a Whirlpool majority-owned business unit since 1997 and has eight global manufacturing facilities in Brazil, Italy, China, Slovakia and Mexico, with commercial offices in the United States and Russia.
The acquisition agreement was signed on April 24, 2018. The transaction is expected to close in early 2019, subject to regulatory approvals and other customary closing conditions.
International legal practice Osborne Clarke advised Green Frog Power on the £100M development and project financing of its existing 231MW and additional 180MW of flexible gas-fired power generating capacity in the UK.
The financing was provided by an initial club of banks comprising Lloyds, HSBC and NIBC and will allow for further additional capacity of up to 110MW.
International legal practice Osborne Clarke has advised UK scale-up, Natterbox on a significant Series A investment from Octopus Investments.
Natterbox delivers world-class leading service levels to its customers through efficient and effective integration of voice into their digital customer communications.