Littler, the world’s largest employment and labor law practice representing management, has added Bradley E. Schwan as a shareholder in the Los Angeles and Orange County offices. He was previously an attorney in Morgan, Lewis & Bockius LLP's labor and employment practice.
Ashurst advised EQT Real Estate on the signing of a lease agreement with Deutsche Bahn AG for approximately 10,000 square metres of its office building Atricom located on Lyonerstraße 15 in Frankfurt's Niederrad district. EQT acquired the building comprising almost 45,000 square metres of rental space in the summer of 2017 from a property portfolio known in the market as Mars portfolio.
Paul, Weiss advised French oilfields services giant CGG S.A. in the successful implementation of its financial restructuring plan. CGG announced that the company had equitized nearly all of its unsecured debt, extended the maturities of its secured debt and secured additional liquidity, with debt reduced to $1.2 billion. The implementation marks the completion of a financial restructuring that began more than a year ago and led to a restructuring support agreement that swapped nearly $2 billion in debt for most of the reorganized company’s equity.
Skadden is representing Phoenix Group Holdings in its proposed £2.93 billion acquisition of Standard Life Assurance and strategic partnership with Standard Life Aberdeen plc.
German insurance giant Allianz, represented by Allianz Real Estate, has acquired the office property ATLAS in the trendy new Werksviertel in Munich for companies in the Allianz Group. Vendor is the real estate investor Art-Invest Real Estate. International law firm Clifford Chance has provided legal advice to Allianz Real Estate on this complex and innovative transaction.
Simpson Thacher represented EQT in connection with the formation and raising of EQT’s flagship private equity fund, EQT VIII. The fund was significantly oversubscribed and held a first and final close at its hard cap of €10.75 billion after less than six months of fundraising.
EQT VIII will continue with EQT’s overall equity investment strategy in seeking to make investments in sectors such as Healthcare, TMT and Services, with a focus on Northern Europe.
Loyens & Loeff advised EQT in the closing of eighth equity fund at EUR 10.75 billion which contributed to strengthen EQT's position as a leading investor and owner.
William Fry is advising Phoenix Group on the Irish aspects of its £3bn acquisition of Standard Life Aberdeen's insurance business. The sale will mark Standard Life Aberdeen's exit from its insurance roots and is a significant transaction in the international insurance sector.
MinterEllison has advised ASX-listed investment trust, MCP Master Income Trust (ASX:MXT), on its proposed $381 million capital raising.
MXT announced the capital raising, which involved a novel entitlement offer and back-end retail placement structure, today. Proceeds from the capital raising will be invested in wholesale funds, managed by Metrics Credit Partners (MCP), for new lending opportunities. Established in 2011, MCP continues to see a strong pipeline of lending opportunities across a variety of borrowers and industries.
Watson Farley & Williams (“WFW”) has advised ING Bank N.V., Singapore Branch, as facility agent for a syndicate of international lenders comprising ING Bank, Danish Ship Finance, Development Bank of Japan, Oversea- Chinese Banking Corporation Ltd and Société Générale on the provision of a US$150m secured term loan facility to BW LPG Holding Ltd (“BW LPG”).