Fried Frank's new London-based real estate group advised Invesco Real Estate (“Invesco”), the global real estate investment manager, on two recent retail transactions in the UK, with an aggregate transaction value of c. £85 million.
The first transaction involves the sale by one of Invesco's pan-European commingled mandates of a B&Q plc retail store, structured through the sale of shares in a Luxembourg entity, to a client of Palmer Capital.
Dechert LLP, a leading global law firm, is pleased to announce that David H. Stern has joined the firm as a partner in its Los Angeles office, focusing his practice on complex commercial litigation. Mr. Stern joins Dechert from Hughes Hubbard & Reed, where he served as co-chair of the firm’s class action practice group.
International law firm Pinsent Masons has marked the formal launch of its Dublin entry into 1 Windmill Lane, SOBO with the appointment of Ann Henry as it continues to build out its sector-focused, all-Ireland capability.
William Fry has announced the appointment of Padraic Kinsella, as Partner, to its Banking & Finance Department. This senior appointment demonstrates the Firm’s continued growth in 2017 and into 2018 and William Fry’s ongoing commitment to the development of its market-leading Banking & Finance practice.Padraic Kinsella joins William Fry from Arthur Cox where he has worked for the last 11 years.
RTPR Allen & Overy has advised European Bank for Reconstruction and Development (EBRD) and ING Bank N.V. Amsterdam - Bucharest Branch (ING Bank Romania) on a 96 million Euro financing for CTPark Bucharest logistics park located on the A1 Bucharest-Pitesti motorway and owned by CTP Group, one of the most active investors in industrial and logistics spaces in Romania.
A cross-jurisdictional DLA Piper team from London and Toronto has assisted FMO (the Dutch development bank investing in growth and frontier markets) on its cornerstone investment into JCM Power.
JCM Power is an independent power producer dedicated to accelerating social, economic and environment sustainability in growth markets (including Africa, Asia and Latin America) through the development, construction and operation of renewable energy facilities and HVDC transmission lines.
The solar farm acquisitions, one at Turners Hill (1.2 MwP), Sussex, and the other in Drayton Mead (5.0 MwP), Buckinghamshire, completed in December 2017 and March 2018, respectively. This represents the latest acquisitions by Innova Energy in the sector, who have worked with the cross-sector Gowling WLG team, led by Gareth Baker, to continue to increase their portfolio of UK ground-mounted and rooftop solar assets.
Slaughter and May advised Legal & General on the annual update and amendment of its £5 billion Euro Note Programme. Under the Programme, Legal & General Group Plc have the ability to issue senior, tier 3 and tier 2 Notes and Legal & General Finance PLC may issue senior Notes guaranteed by Legal & General Group Plc, in each case to be listed and traded on the Main Market of the London Stock Exchange.
Travers Smith LLP has advised longstanding client Equistone Partners Europe (Equistone) on its upcoming acquisition of the Small World Financial Services (Small World) from sellers including FPE Capital, MMC Ventures and the existing Small World management team. The financial terms of the deal are undisclosed and, as Small World is regulated in multiple countries, completion of the transaction remains subject to regulatory approvals. The investment is one of the first from Equistone's sixth fund, Equistone Partners Europe Fund VI.
International law firm Trowers & Hamlins has advised Halton Housing Trust on a large scale refinancing project.
The project involved two private placements and a linked restatement of Halton Housing Trust's existing facilities agreement.
The team worked on Halton's funding strategy completing three major transactions. The first of these transactions was a note issuance to an existing investor worth £20m completed in the summer of 2017.