A Frankfurt-based team of Arnold & Porter attorneys advised Equine Clinic Grosswallstadt on its sale to Altano Gruppe GmbH (Altano), a portfolio company of Ufenau Capital Partners.
Arnold & Porter advised long-time client Novartis on its recent licensing agreement with Spark Therapeutics. The licensing agreement covers development, registration and commercialization rights to voretigene neparvovec in markets outside the US. Voretigene neparvovec, known as Luxturna in the US, received FDA approval on December 19, 2017 as a one-time gene therapy to restore functional vision in children and adult patients with biallelic mutations of the RPE65 gene. Currently there is no existing therapy for this disease outside the US.
Baker McKenzie advised Cleverciti Systems GmbH on a 10 million euros growth funding round. New investor EnBW New Ventures joined the existing lead investor SPDG to support the international growth of Cleverciti Systems, a smart parking specialist.
Baker McKenzie advised Cleverciti Systems on all legal aspects of the transaction.
Baker McKenzie represented Severgroup, a company managing investments on behalf of Mr. Alexey Mordashov, in connection with the acquisition of a controlling share in the capital of AVA-Peter Ltd., the owner of the “AVA-Peter” and “Scandinavia” clinics.
The Baker McKenzie team was led by Moscow partner Sergey Krokhalev with key input from associates Robert Gray, Igor Kungurov, Fedor Mukhodanov and Roman Ishmukhametov.
International law firm McDermott Will & Emery advised TransDigm Group Inc. on all German legal questions regarding the sale of all the company’s shares of SCHROTH Safety Products GmbH as well as of SCHROTH Safety Products LLC to Munich-based Private Equity company, Perusa.
International law firm McDermott Will & Emery advised a bank consortium consisting of Joh. Berenberg, Gossler & Co. KG und equinet Bank AG on a capital increase of ProCredit Holding AG & Co KGaA. 5,354,408 newly issued shares were placed with qualified investors by way of an accelerated book-building process at a price of EUR 11.40 per new share, resulting in gross proceeds of approx. EUR 61 million. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange.
Davis Polk is advising a major creditor and backstop party in the $20 billion restructuring of Brazilian telecommunications provider Oi S.A. Oi’s Recuperação Judicial (a proceeding under Brazil’s bankruptcy law) is the largest court-supervised restructuring ever to take place in Latin America. In addition to the proceedings in Brazil, Oi is also subject to chapter 15 cases in the United States and ancillary proceedings in other foreign jurisdictions.
Davis Polk advised the dealers in connection with a Rule 144A and Regulation S offering by Banco Safra S.A., acting through its Cayman Islands Branch of $500 million aggregate principal amount of 4.125% senior notes due 2023 under Banco Safra’s medium-term notes program.
Banco Safra is a leading multiple bank ranked as the fourth-largest privately-owned bank in terms of total assets in Brazil.
Davis Polk is advising Nordic Capital on a public cash offer to the shareholders of Nordax Group AB to acquire all outstanding shares for SEK 60 per share. The board of directors of Nordax unanimously recommended the offer.
Nordic Capital is a private equity investor in the Nordic region with a commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordax is a niche bank in Northern Europe, providing unsecured consumer loans and deposits to customers in Sweden, Norway, Finland and Germany.
Katten represented IMF Bentham Ltd, an international litigation funding company, in the sale of the majority of its US investment portfolio to Bentham IMF Fund 1 LLC for $57.4 million. This transaction should serve to bolster the fund's investment portfolio while reducing risk and converting assets to cash for IMF Bentham. The fund was announced last year as a special purpose vehicle funded in part by Fortress Credit Advisors LLC. The Katten team featured Allison Yacker, New York Financial Services co-chair, and Rong Zhao, an associate in the firm's Chicago office.