Grégoire Andrieux led a Paris team that included Diana Hund, Louis Leroy, Anne Febvre, Pierre-Arnoux Mayoly, Shirin Deyhim and Benjamin Briand as they advised Abénex on completing the acquisition of the Silvya Terrade Group, an operator of beauty and hairdressing schools, from Apax Partners Development.
Squire Patton Boggs has advised French-headquartered real estate investor Frey on the €82.5 million acquisition of Parc Vallès, a leisure and retail park in Barcelona, from a real estate fund managed by Pradera.
Kirkland & Ellis is advising Toys'R'Us on the sale of its stores in the DACH region to Irish-British toy retailer Smyths. The transaction volume was not disclosed.
In September 2017, the US toy retail chain Toys'R'Us filed for voluntary Chapter 11 bankruptcy protection. In March 2018, the company announced it would close stores in the United States and the United Kingdom and seek a buyer for its stores in Germany, Austria and Switzerland.
Toys'R'Us entered the German market in 1986 and is one of the largest toy retailers in the German-speaking countries.
Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Group (“Sino-Ocean”), one of the largest real estate companies in China, in its US$95 million acquisition of boutique hotel and members’ club Soho House in Chicago’s booming Fulton Market neighborhood. Hong Kong private equity firm Gaw Capital Partners and Huarong International Financial Holdings also teamed up for the six-storey, 40-room hotel.
New York - Paul Hastings LLP, a leading global law firm, represented BBVA, as Administrative Agent, BBVA Bancomer, as Global Coordinator and Green Agent and the lenders in connection with a $400 million Senior Unsecured Green Term Loan Agreement entered into by Iberdrola México, S.A. de C.V., a subsidiary of the Spanish energy group. The loan is the first green corporate loan in Latin America. The proceeds will be used by Iberdrola to finance wind farms and other socially responsible projects in Mexico.
The Firm represented the underwriters led by Morgan Stanley in connection with the initial public offering and listing on the New York Stock Exchange of American Depositary Shares (ADSs) of OneSmart International Education Group Limited (“OneSmart Education”). The offering of 16,300,000 ADSs, representing 652,000,000 Class A ordinary shares, raised a total of US$179.3 million in gross proceeds from the IPO before exercise of the underwriters’ overallotment option.
BEITEN BURKHARDT has advised the shareholders of the Bulgarian stock corporation MM Solutions AD on the sale of all shares to AchieveSky Europe S.à r.l. The transaction was closed in March 2018.
MM Solutions AD is an internationally operating software developer, based in Sofia, Bulgaria, which is leading in the field of image and video processing for tablets, e-books and smartphones.
The buyer, AchieveSky Europe S.à r.l., is a subsidiary of the listed Chinese software developer Thunder Software Technology Co. Ltd based in Beijing.
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Cedar Holdings Group Ltd (‘Cedar Holdings’) on its proposed acquisition of Integra Holdings Group's petrochemicals trading business. Binding sale documentation, which paves the way for the acquisition of 51 per cent of the shares in the target holding entity of the business, Granite Capital S.A., was executed on 17 April 2018.
Herbert Smith Freehills has advised Sky on the sale of its 20% stake in its online betting and gaming business, Sky Betting & Gaming (“SBG”) to The Stars Group Inc. (“The Stars Group”), a Canadian company listed on both the Toronto and Nasdaq stock exchanges, which specialises in online gaming.
This disposal follows the initial sale of Sky’s majority stake in SBG to CVC Capital Partners (“CVC”) in 2015 which, taken together, will crystallise a total value of c.£1.2bn for Sky shareholders.
Macfarlanes has advised UK specialist property lender Octopus Property on the raising of its second commercial real estate debt fund (CREDF II) which, after an efficient fundraising period, has closed at its hard cap of £230m.
The fund focuses on originating short-term loans secured by first charge against UK commercial property and the successful fundraising drew investor commitments from UK, European and Canadian pension funds and funds of funds.