Cologne-based partner Dr. Jörg aus der Fünten advised venture capital firm Iris Capital on an investment in enterprise performance management company Jedox AG. A consortium consisting of Iris Capital, eCAPITAL IV, and Wecken & Cie will be investing EUR 20 million in the software company. The funding will be used to accelerate Jedox’s global expansion and product development.
Clifford Chance has advised private equity investor Montana Capital Partners on the successful closing of its fourth fund, mcp Opportunity Secondary Program IV, L.P. The fund was closed at a hard cap of EUR 800 million (hard cap).
Significant support from existing and new investors led to substantial oversubscription during a brief fundraising period of only five months. Investors include sovereign wealth funds, pension funds, insurance companies, family offices and foundations from Europe, Asia, the Middle East and the United States.
Clifford Chance and Yegin Ciftci advised the lenders on a landmark project: the privatisation of Menzelet and Kilavuzlu hydroelectric power plants which is the largest acquisition to date of hydroelectric power plants by a domestic investor in Turkey. This privatisation is an important step towards the future goal of all electricity being generated by private suppliers.
The Firm is representing Alibaba Group Holding in its acquisition of all of the outstanding shares that it does not already own in Ele.me, a leading online delivery service in China, to deepen the platform’s integration into Alibaba’s ecosystem and further expand the technology company’s New Retail strategy for local services. The transaction implies an enterprise value of $9.5 billion for Ele.me. Alibaba and its affiliate, Ant Small and Micro Financial Services Group, currently own approximately 43% of Ele.me.
Orrick advised Pattern Energy Group LP (Pattern Development) and Green Power Investments (GPI) in connection with the approximately $325.5 million sale of 206 megawatts of owned capacity in Japanese wind and solar projects to Pattern Energy Group Inc.
lyde & Co has advised Sodexo, a facilities management provider, on its involvement with one of Ireland's largest education Private Public Partnership (PPP) projects, the Grangegorman Campus.
Ireland's Grangegorman Campus PPP reached financial close on 28 March, three years after Macquarie Capital's Eriugena consortium – which includes construction partners John Sisk & Son and FCC, and facilities management provider Sodexo, was first named preferred bidder.
Dentons advised DMCC (Dubai Multi Commodities Centre) on the operator selection and hotel management agreements for a five-star hotel to be situated in DMCC’s landmark Uptown Dubai project.
SO/ Uptown Dubai, set to open to guests by late 2020, will feature 188 rooms in addition to 215 branded residences. It is the first So destination to be announced in the Middle East, operated by Accorhotels.
Willkie advised EQT on the transaction.
EQT Mid Market Europe is partnering with the co-founders of BBS Automation, a leading provider of flexible and high-quality automation solutions for complex manufacturing and testing processes with operations across Europe, Asia and North America, to support the further expansion of the business. The acquisition will support the continued growth of BBS Automation, both organically and through add-on acquisitions, to better serve customers along increasingly international and connected operations.
Dentons' Real Estate team in Warsaw has advised Skanska on the sale of the Green2Day office building in Wroclaw, Poland to Niam.
Completed in the last quarter of 2017, Green2Day is a high-quality office property offering over 18,000 sq. m. gross leasable area to tenants such as Ultimo, Tieto and KPMG. The building also offers co-working and short-term lease solutions.
Hogan Lovells has successfully advised JSC Aircompany (SCAT), the second largest Kazakh airline, on its purchase of up to six new Boeing 737 MAX-8 from The Boeing Company. The first aircraft from this order has been delivered to our client on 29 March 2018.