Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised American Express Global Business Travel (‘American Express GBT’), a leading global travel management company, on its acquisition of Hogg Robinson Group PLC (‘HRG’), a global B2B services company specialising in travel management. The acquisition is conditional on the receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.
 

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.

Burges Salmon’s corporate team has advised the shareholders of Bristol based True Clarity on its acquisition by Valtech, a global digital agency focused on business transformation.

The cross-firm team was led by corporate partner Mark Shepherd and senior associate Tim Roberts.

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.

DLA Piper has advised NovaWind, a Rosatom State Atomic Energy Corporation's unit responsible for new energy programmes in Russia, on its joint venture with Dutch turbine developer Lagerwey, to supply 388 turbines to Russian wind farms by 2022.

The joint venture, known as Red Wind, will oversee the marketing, sale and delivery of turn-key wind turbines as well as after-sales support. Red Wind will also lead the localisation program in Russia, contracting and providing qualification to the existing suppliers of NovaWind’s production sites in Volgodonsk.

DLA Piper has advised logistics infrastructure and solutions provider LINX Cargo Care Group on its successful bid to operate the Enfield Intermodal Terminal in Western Sydney. The Enfield Intermodal Terminal was previously operated by Aurizon.

Clifford Chance has advised the real estate investor Frasers Property Europe (FPE) on the acquisition of a EUR 600 million logistics portfolio from Alpha Industrial Holding S. A. In addition, FPE takes over the subsidiary Alpha Industrial GmbH & Co KG, which is responsible for asset management and project development. The transaction is FPE's second major logistics deal in Germany within three months. Frasers recently acquired an Hermes logistics real estate package from ECE. Clifford Chance also advised FPE on this acquisition.

Clifford Chance has advised the real estate investor Frasers Property Europe (FPE) on the acquisition of a EUR 600 million logistics portfolio from Alpha Industrial Holding S. A. In addition, FPE takes over the subsidiary Alpha Industrial GmbH & Co KG, which is responsible for asset management and project development. The transaction is FPE's second major logistics deal in Germany within three months. Frasers recently acquired an Hermes logistics real estate package from ECE. Clifford Chance also advised FPE on this acquisition.