Shearman & Sterling advised Cathay Capital Private Equity (“Cathay”) on financing the acquisition of a majority stake in the Plettenberg-based automotive supplier E. WINKEMANN. The majority stake will be acquired by the Cathay Capital MidCap Fund. The sellers, funds managed by Equistone Partners Europe and E. WINKEMANN’s management, remain invested in the company. The financial terms of the deal are undisclosed and completion of the sale is subject to the approval of the relevant competition authorities.

Orrick advised Borealis AG and NOVA Chemicals Corporation in the negotiation of definitive agreements with Total S.A. to form a joint venture in petrochemicals on the U.S. Gulf Coast.

The joint venture – in which Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50% – will commence subject to customary closing conditions, including receipt of regulatory approvals.

An Orrick London team has advised the sellers — Precitox Holdings, Oratosio Holdings and Humberto Finance — in the $367 million sale of 100% of the share capital of H.E.C. Europe Limited, the parent company of Hellenic Environmental Center and a group of companies that together provide global port reception facilities services, to Aegean Marine Petroleum Network.

The purchase price includes the assumption of certain indebtedness, payable via a combination of debt, the assignment of certain accounts receivables, cash and shares of Aegean common stock.

Firm previously advised Platinum Equity on its acquisition of Pattonair.

Latham & Watkins advised Platinum Equity on the agreement to acquire Wyndham Worldwide’s European vacation rental business for approximately US$1.3 billion. The transaction is expected to close in the second quarter of 2018, subject to customary closing conditions including works council consultation.

Davis Polk is advising Temenos Group AG in connection with its £1.4 billion recommended cash offer to acquire the entire share capital of Fidessa group plc. Fidessa shareholders will receive £35.67 in cash for each share together with a final and special dividend of 79.7 pence per share. Credit Suisse have provided a senior unsecured bridge facility to finance the offer. The offer, that will be implemented by way of a U.K. scheme of arrangement, is subject to regulatory and antitrust approvals and other customary conditions.

Squire Patton Boggs has advised leading international luxury travel agency Scott Dunn on its acquisition of Country Holidays, a Singapore-based group of travel companies offering tailor-made vacations and operating in Singapore, Hong Kong, China and Dubai. The strategic acquisition, which sees the merger of Scott Dunn and Country Holidays, makes Scott Dunn one of Asia’s largest bespoke tour and travel agencies. Chang Theng Hwee, founder of Country Holidays, will assume the position of Scott Dunn CEO, Asia.

Global law firm Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. (Albaraka Turk) on the issuance of its $205 million additional tier one capital (AT1) Sukuk.

The Basel III compliant Sukuk is the first AT1 in Turkey and was issued through a special purpose vehicle, Bereket One Ltd., by way of a private placement. The Sukuk was admitted to the official list and to trading on the regulated market of the Irish Stock Exchange.

On 15 February 2018, Louis Dreyfus Armateurs (LDA) agreed with Ocean Yield, a Norwegian investment firm which specialises in shipping, on the sale and leaseback of two bulk carriers.

Ince & Co France's finance team advised LDA on the negotiation of this transaction, including the sale contracts for the vessels, as well as their chartering to two subsidiaries of LDA group.

On 15 February 2018, Louis Dreyfus Armateurs (LDA) agreed with Ocean Yield, a Norwegian investment firm which specialises in shipping, on the sale and leaseback of two bulk carriers.

Ince & Co France's finance team advised LDA on the negotiation of this transaction, including the sale contracts for the vessels, as well as their chartering to two subsidiaries of LDA group.

Herbert Smith Freehills has advised Ararat Wind Farm (AWF) on its entry into two innovative corporate power purchase agreements with Flow Power, a Melbourne based electricity retailer.

AWF is a 240MW wind farm located in Victoria and jointly owned by Partners Group and OP Trust. The offtake agreements supplement the existing 80.5MW feed-in tariff offtake agreement entered into by AWF and the ACT Government in 2015.

OP Trust announced on 16 February that it will be acquiring 51% of the shares in Flow Power.