Ashurst is advising OMV, the international integrated oil and gas company based in Vienna, on the acquisition of Shell's Upstream business in New Zealand for US$578 million. The assets comprise joint venture interests in Pohokura (48%), the largest gas producing field in New Zealand, and Maui (83.75%), as well as related infrastructure for production, storage and transportation.
Dentons acted for Statoil Group, a global oil, gas and energy company, in the acquisition of 50% of shares in two offshore projects from Polenergia.
The two offshore wind farm projects - Baltyk Srodkowy II and Baltyk Srodkowy III - have total planned capacity of 1200 MW. Located in the Baltic Sea, at distances of 27 km and 40 km respectively from the port of Leba, they constitute the largest and most advanced offshore wind energy projects in Poland.
Dentons’ Baku office has advised PASHA Bank, a leading investment and corporate bank in Azerbaijan, acting as an arranger for the US$15 million syndicated loan facility.
A Dentons team, headed by partner Kamal Mammadzada and counsel Ulvia Zeynalova-Bockin, acted as lead counsel on the project. Their work included drafting a bilingual Azerbaijani law precedent (based on the LMA precedent), negotiating among multiple parties, and bringing the deal to a close.
DLA Piper has advised Wipro Limited, a leading global IT consulting and business process services company, on its entering into a definitive agreement to divest its hosted data centre services business to Ensono for US$405 million.
This divestment, which is expected to close in the quarter ending June 2018 following the completion of customary closing conditions and regulatory approvals, allows Wipro to unlock value by transitioning eight data centres and over 900 employees of its hosted data centre services business to Ensono.
Eversheds Sutherland has advised Dubai Investments PJSC (DI) on its direct investment into Africa Crest Education Holdings (ACE).
ACE was established in 2016 as an investment company promoting quality education across the African continent, through the development of SABIS® operated schools, with an initial target pipeline of projects in Kenya, Egypt, South Africa, Uganda and Morocco. Dubai Investments will join founding investors Investbridge Capital (IBC), Centum and SABIS in the project.
Eversheds Sutherland has advised Gulf Capital on its acquisition of a controlling stake in ACCUMED Practice Management, the leading revenue cycle management (RCM) company in the GCC. Gulf Capital is one of the largest and most active alternative asset management firms in the Middle East.
Santander Provides £3.5m Funding
The opening of a second Swingers crazy golf site in London has been announced after the company behind it, The Institute of Competitive Socialising, secured a £3.5m funding package from Santander Corporate & Commercial.
Founded by Jeremy Simmonds and Matt Grech-Smith, the Institute of Competitive Socialising first introduced the Swingers indoor crazy golf concept as a pop-up venue in Shoreditch in 2015.
Swingers City opened shortly after that as a permanent venue next to the Gherkin in the City of London.
Norton Rose Fulbright has advised the banking consortium led by Citigroup and J.P. Morgan, as joint global coordinators, on the initial public offering of Godewind Immobilien AG (Godewind). Listing will be on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) with start of trading of the shares on or about April 5, 2018.
Global law firm Norton Rose Fulbright has advised financial services firm JTC PLC (JTC) on its admission to trading on the main market of the London Stock Exchange and associated £243.8 million institutional placing.
The IPO placing raised net proceeds of £218.2 million for the selling shareholders and £15.1 million for JTC. JTC was valued at £310 million at admission on March 14, 2018.
The financial adviser was Zeus Capital, the sponsor was Stockdale Securities, and Zeus Capital and Numis Securities were joint bookrunners.
TLT has advised on the sale of ICS Robotics and Automation, one of the UK's leading robotic and welding automation specialists, to global robotic automation company AWL Group.
TLT has extensive experience of working with the UK's fast-growing automation industry and advising businesses on how to achieve their growth ambitions. The firm delivered an end-to-end service from due diligence and negotiation through to tax, property and completion.