DLA Piper has advised the global real estate investment manager, Invesco Real Estate (IRE), on the sale of a hotel portfolio consisting of four InterCity Hotels across Germany. The sale took place within a structured process as a share deal. The buyer is an Oman based investor's group led by Al Zaman Group of Companies. The parties involved have agreed not to disclose the purchase price.
Clyde & Co has advised OxSyBio Limited, a UK-based 3D bioprinting developer, on a multimillion funding round securing funds from investors including Parkwalk Advisors, owned by the firm IP Group.
OxSyBio, founded in 2014, develops 3D printing techniques to produce a range of tissue-like materials and functional tissues for medical research and clinical applications. So far, OxSyBio has developed a 3D-printing technique capable of producing human cell-like structures and long-term they hope to refine the technology to offer organ repair and replacement capabilities.
Real estate investor BNP Paribas Real Investment Management (REIM) France has acquired the "unIQus" office building, located in Bad Homburg for the SCPI Opus Real fund. Clifford Chance has advised BNP Paribas REIM on this transaction.
Clifford Chance has advised Düsseldorf-based consulting and investment firm Postera Capital on the launch of the first EU-regulated cryptoasset fund "Postera Fonds - Crypto I" in Liechtenstein.
The innovative fund is regulated under the European Directive 2011/61/EU on Alternative Investment Fund Managers. On 26 February 2018, the FMA Financial Market Authority Liechtenstein authorised the fund under Liechtenstein law in the legal form of a trusteeship for professional investors.
Carrefour announced that it has acquired a majority stake in the start-up Quitoque, one of the French pioneers in Foodtech.
Created in 2014, Quitoque is the French leader in home-delivered meal kits. The company, which has 60 employees, delivered nearly 3 million meals throughout France in 2017.
This investment, which allows Carrefour to expand its food e-commerce offering, is fully in line with the group’s ambition of creating a benchmark omnichannel model and of becoming the world leader in the food transition for all.
Robin Mizrahi has joined Covington as a partner and Laure Berthelot as special counsel in the firm’s Project Development and Finance practice. Based in London, Mr. Mizrahi and Ms. Berthelot will work closely with the firm’s project finance lawyers in Dubai, Johannesburg, London, New York, Seoul, and Washington. Their arrival follows the firm’s opening in Dubai and Johannesburg in Spring 2017.
DLA Piper has announced that Diego Martínez has joined the firm's Corporate practice as a partner in the Mexico City office.
Martínez's practice focuses on general corporate matters, with an emphasis on banking and capital markets. He has participated in structured financings, secured and unsecured lending transactions, restructurings and workouts, private and public offerings of debt and equity, securitization and asset-backed finance transactions, project finance, private equity, venture capital and derivative transactions, as well as financial regulatory matters.
International law firm Proskauer represented Formosa International Hotels Corporation [TPE:2707], an international luxury hospitality group based in Taiwan, in entering into an agreement for the sale of a 51% stake in the Regent Hotels and Resorts brand to InterContinental Hotels Group (IHG) [NYSE:IHG] for US$39 million in cash.
King & Spalding (in cooperation with the Law Offices of Mohammed Al-Ammar) acted as counsel to Riyad Capital on the capital increase of Riyad REIT from SAR 500,000,000 (US$133 million) to SAR 1,633,000,000 (US$435 million). The capital increase was approved by the Saudi Arabian Capital Market Authority (CMA) in order for the REIT to acquire a portfolio of real estate assets in Saudi Arabia, which includes the Kempinski Burj Rafal, a five-star luxury hotel in Riyadh. Riyad Capital is a regulated Saudi Arabian asset manager and investment bank which acts as the manager of the REIT.
Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) of $1.5 billion 2.875% guaranteed global notes due 2023. The notes are guaranteed by the Republic of Austria.
OeKB is primarily engaged in export financing. It administrates the Republic of Austria’s guarantees covering commercial, political and foreign exchange risks in connection with Austrian exports and also provides medium- and long-term financing to banks and foreign importers for Austrian export transactions.