CMS Budapest has advised the Belgian real estate developer Atenor on the sale of Building D of the Vaci Greens complex to a Hungarian private fund. The 15,650 sqm building was already 60% pre-leased to high-profile international tenants, such as Unilever, Aon and Atos.
DLA Piper has been advising the Government of Timor-Leste, for more than four years, on its historic maritime treaty with the Australian Government, signed today at the United Nations Headquarters in New York, following the successful outcome of a compulsory conciliation process.
Herbert Smith Freehills has advised Seven Group Holdings (SGH) on its A$350 million convertible bond issue, which has given SGH greater diversity in its funding base, increased average duration given its seven year term and supported the refinancing of a legacy debt platform acquired with Coates Hire. The bonds will be listed on SGX-ST in Singapore.
SGH is a leading Australian diversified operating and investment group with market leading businesses and investments in industrial services, oil and gas, and media.
Willkie represented investor GoldenTree Asset Management in the transaction.
The German federal state owners of HSH Nordbank agreed to sell the bank for €1 billion to a consortium of private investors including independent affiliates of Cerberus European Investments, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG. The sale will transfer 94.9 percent of HSH to the investors and is the first successful privatization of a federal state bank in Germany.
Doha - The Doha office of global law firm K&L Gates LLP has advised Qatari asset management firm Amwal on the raising of funds and listing of the first-ever exchange traded fund (ETF) in Qatar, also the largest ETF in the Gulf Cooperation Council (GCC).
The K&L Gates team that advised on the matter, which demonstrates the growing sophistication of the Qatari financial services sector, consisted of Doha partner Amjad Hussain, Washington, D.C., partner Stacey Fuller, and Doha associates Jaime Oon and Mohammed Tartir.
Herbert Smith Freehills has advised Uber Technologies Inc. (Uber) on the combination of its ridesharing business in Russia and neighbouring Commonwealth of Independent States (CIS) countries with Yandex.Taxi. The deal completed on 7 February 2018. Uber now owns 36.9% of the combined business and its stake is valued at US$1.4 billion.
Greenberg Traurig Germany advised LaSalle Investment Management (LaSalle) on the acquisition of the "Salamanderhaus" in Stuttgart. LaSalle acquired the property on behalf of the Testina investment foundation for approximately EUR 73 million by way of a share deal. Testina is a Swiss investment foundation for real estate investments. The seller was La Francaise Group.
The "Salamanderhaus" combines office and retail space and is fully let to a diverse tenant base. Greenberg Traurig Germany advised LaSalle comprehensively on all legal aspects of the transaction.
Debevoise & Plimpton LLP has advised PJSC MegaFon (“MegaFon”) in its transaction with PJSC VimpelCom (VimpelCom”), a Russian subsidiary of VEON Ltd. (“VEON”), to discontinue their Euroset joint venture.
Pursuant to terms of the transaction, VimpelCom acquired half of Euroset’s retail stores and sold its 50% interest in the Euroset joint venture to MegaFon, resulting in MegaFon now owning 100% of Euroset.
Led by their Frankfurt based partner Michael Schlitt and Counsel Susanne Lenz, Hogan Lovells has advised Joh. Berenberg, Gossler & Co. as sole global coordinator and sole bookrunner on the approx. € 17.3m 10% capital increase of MPC Capital AG.
Global law firm Norton Rose Fulbright has advised GuarantCo, the international development finance institution, in relation to a landmark INR 2.5 billion (approximately US$40 million) dual tranche unsecured wrapped and rated bond issuance by Sindicatum Renewable Energy Company Pte Ltd. Sindicatum is an Asian developer, owner and operator of clean energy projects.