Deutsch: Orrick berät Deutsche Telekom bei Gründung eines deutsch-amerikanischen Smart Glasses Joint Ventures mit ZEISS

Orrick advised Deutsche Telekom on the creation of a joint venture with the ZEISS Group for the development of innovative smart glasses.

The company, tooz technologies, is based in the U.S. and Germany. Equally funded, the company assumes strategic and operational responsibility for the further evolution of the optical technology invented by ZEISS, and the delay-free connectivity provided by Telekom.

Ropes & Gray is advising Harbin Pharmaceutical Group Holding Co., Ltd, a leading pharmaceutical company in China, in a strategic investment of approximately $300 million in GNC Holdings, Inc. Upon closing, it will become the single largest shareholder in GNC.

In addition, GNC and Harbin Pharmaceutical have agreed to form a joint venture for the manufacturing, marketing, sale and distribution of GNC-branded products in China. The transaction is expected to close in the second half of 2018, subject to customary closing conditions.

Schulte represented Veritas Capital and its affiliates in their acquisition of the U.S. public sector business of PricewaterhouseCoopers LLP.  PwC’s U.S. public sector business helps governments — federal, state and local — and multilateral agencies solve complex business problems, improve processes and manage risk through its capabilities in financial management, strategy development, program management, operational effectiveness and organization design.

Schulte advised Sustainable Growth Advisers (SGA), an employee-owned investment manager, in its sale of a majority stake to Virtus Investment Partners Inc., which operates as a multi-manager asset management business. SGA has $11.6 billion in assets under management in U.S. and international growth equity strategies. The transaction, in which Virtus will purchase interest held by private equity firm Estancia Capital Management and by SGA's partners, will expand Virtus' investment offerings and diversify and expand its clients base.

Global law firm Norton Rose Fulbright has advised MICRODYN-NADIR, the water treatment business unit of global filtration leader MANN+HUMMEL on the acquisition of OLTREMARE, a leading European manufacturer of spiral-wound membrane elements. OLTREMARE, based in Fano, Italy, is known for both the production of custom and private-label spiral products and the distribution of reverse osmosis, ion exchange.

Ashurst advised Kuwait Petroleum International (KPI), a subsidiary of Kuwait Petroleum Corporation, on its joint venture with Oman Oil Company to develop a major new green-field crude oil refinery and a petrochemical complex strategically located within the Special Economic Zone of Duqm in the Sultanate of Oman and valued at US$6 billion. KPI completed its purchase of a 50 per cent interest in Duqm Refinery and Petrochemical Industries Company in February 2018.

International law firm, Berwin Leighton Paisner (BLP) has advised Macquarie Capital (Macquarie) on the introduction of EnBW Energie Baden-Württenberg AG (EnBW) to its partnership with Swancor Renewable (Swancor) to jointly develop 2-GW of offshore wind projects in Taiwan, known as the Formosa III project.

Completion of the transaction is subject to a number of conditions precedent, including Taiwan Investment Committee approvals.

Dentons' Real Estate team in Warsaw has advised Union Investment, the Hamburg-based real estate investment manager, on the acquisition of Holiday Inn Warsaw City Centre. The hotel was acquired for the portfolio of UniImmo: Deuschland from UBM.

Opened in December 2017, Holiday Inn Warsaw City Centre comprises 256 rooms, and its architecture is inspired by New Yorks's Flatiron Building. The modern building is conveniently located, in the heart of Warsaw, in the immediate vicinity of several business centers, a shopping mall, and the central railway station.

DLA Piper represented ASB Capital Management LLC in the sale of Infomart Data Centers' Dallas operations to Equinix, Inc. for US$800 million. The acquired assets include the Infomart Dallas building, the iconic carrier hotel that serves as the primary interconnection hub for networks in the Southern United States.

The transaction is expected to close during the first half of 2018.