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McGuireWoods London Helps Swedish Mining Company Endomines AB Acquire Five U.S. Gold Mines

19 Mar 2018

A McGuireWoods London corporate team played a significant role in helping client Endomines AB, a mining and exploration company based in Sweden, complete the recent US$31.25 million purchase of U.S.-based TVL Gold and five gold mines it held in Idaho.

In addition to the acquisition, McGuireWoods assisted in the approximately €20 million equity rights issue Endomines undertook to finance part of the transaction.

Under the deal, one third of the total purchase is paid in cash and the remainder is paid in shares through a convertible loan.

Simpson Thacher Represents International Managers in Follow-On Offering of Nippon Prologis REIT

19 Mar 2018

The Firm recently represented the international managers in connection with a follow-on offering of Nippon Prologis REIT, Inc., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥27.6 billion (approximately US$263 million) for the issuer, which was used with bank financing and cash on hand toward the repayment of bridge loans entered into to acquire logistics facilities and will be used to fund the acquisition of additional logistics facilities.

Simpson Thacher Represents International Joint Lead Managers in ¥129 Billion Yakult Global Offering

19 Mar 2018

Simpson Thacher represented the international joint lead managers, Citigroup, Mizuho International plc and J.P. Morgan, in an approximately ¥129 billion (approximately US$1.2 billion) secondary offering of shares of Yakult Honsha Co., Ltd. (“Yakult”). The selling shareholder in the global offering was Danone Probiotics Pte. Ltd. The global offering included an international offering to institutional investors pursuant to Rule 144A and Regulation S.

Mubadala Petroleum Purchases a 10% Stake in the Shorouk Concession in Egypt for $934 Million

19 Mar 2018

Shearman & Sterling is advising Mubadala Petroleum on its agreed purchase of a 10% stake in the Egyptian offshore Shorouk Concession, where the super-giant Zohr gas field is located, from Italian energy company Eni S.p.A. The stake is being acquired by Mubadala Petroleum for a consideration of $934 million.

MoFo Advises Chubb in Partnership with Grab

19 Mar 2018

Morrison & Foerster LLP advised Chubb, the world’s largest publicly traded property and casualty insurance company, on a regional contractual-distribution joint venture with Grab Taxi, the leading on-demand transportation and Fintech platform in Southeast Asia. The partnership enables Chubb to market and sell general insurance products through Grab’s IT platform to both end-customers of Grab and Grab drivers.

Ropes & Gray Advises Ensono on its $405 Million Acquisition of Data Center Business from Wipro

19 Mar 2018

Ropes & Gray has advised Ensono, a leading hybrid IT services provider based in the US and Europe, on its $405 million acquisition of the hosted data center services business from Wipro Limited, a leading global IT consulting company.

As a result of the deal, which was announced on March 14, 2018, Ensono – a portfolio company of Charlesbank Capital – has acquired eight data centres, employing over 900 people, significantly expanding its geographic footprint and global services capabilities.

White & Case Advises Nordic Capital on Acquisition of Ober Scharrer Group

19 Mar 2018

Global law firm White & Case LLP has advised Nordic Capital Fund IX (Nordic Capital) on the acquisition of Ober Scharrer Gruppe GmbH (OSG), one of Germany's leading providers of ophthalmology products.

The seller is Palamon Capital Partners, a London-based private equity firm. The parties have agreed not to disclose financial details. The transaction is subject to approval by the relevant authorities.

Addleshaw Goddard advises on landmark merger of Derby and Burton NHS Foundation Trusts

19 Mar 2018

Addleshaw Goddard’s Healthcare sector team have advised on the Derby and Burton Foundation Trust merger. This is only the second NHS merger to be cleared at Phase One on the basis of patient benefits.

Following its review of the merger, the CMA decided that the benefits to patients across a number of specialities for the combined Trust outweighed any potential competition concerns with regards to the overlap in a number of healthcare services offered by both.