Allen & Overy is advising EG Group on the acquisition of the going concern consisting of more than 1,100 Esso branded service stations located throughout Italy from Esso Italiana S.r.l., an ExxonMobil Group company. The acquisition includes a long-term supply agreement for the Esso fuel brand in Italy.

Through this acquisition, EG Group will enter the Italian market for the first time and further expand its branded retail network, both fuel and non-fuel.

Skadden is advising VTB Infrastructure Investments in the $2.5 billion acquisition of a 29.1 percent stake in Russian food retailer Magnit from Magnit's founder and Chief Executive Sergey Galitskiy.

The Firm is representing Riverwood Capital LLC (“Riverwood”) and Blackstone Group L.P. (“Blackstone”) in connection with their proposed acquisition of C.P.S. Comunicaciones S.A. (“Metrotel”) for $190 million from Sociedad Comercial del Plata S.A. and TDC Holdings S.A. The transaction is subject to regulatory approvals and customary closing conditions.

Metrotel provides telecommunications services in Argentina and operates one of the largest fiber optic networks in the City of Buenos Aires and surrounding area.

On February 13, 2018, Seadrill Partners LLC (SDLP) reached an agreement with the majority of lenders on an amended Term Loan B credit agreement (TLB Facility) to waive the leverage covenant until the maturity of the loan in February 2021. Concurrent with the TLB waivers, SDLP has sought waivers from three of its other secured facilities (the Secured Facilities). Orrick represented the Conflicts Committee of SDLP (the Conflicts Committee) in relation to both the waivers under the Secured Facilities and the amendments under the TLB.

Orrick has advised Turkish construction group Limak Cement and its Côte d’Ivoire subsidiary, Limak Africa S.A, on the financing of a major cement production facility near Abidjan in Côte d'Ivoire.

Ashurst advised Triuva Kapitalverwaltungsgesellschaft mbH (Triuva), a company of Patrizia Immobilien AG, on the acquisition of the core property K1 on behalf of an institutional investor. K1 was sold by CBRE Global Investors.

Hogan Lovells advised LeasePlan Corporation N.V. on the setting up of the first public securitisation of lease and related residual value receivables originated by its French subsidiary, LeasePlan France, for a total of 653,000,000 euros.

LeasePlan France is a leading actor in the French domestic multi-brand vehicle leasing market. LeasePlan has already set up similar operations in other jurisdictions including the United Kingdom, Germany and The Netherlands.

Clifford Chance has advised the Deutsche Glasfaser Group on its refinancing of 650 million EUR.

Refinancing serves to further expand the fiber-optic infrastructure in Germany, especially in rural areas. The expansion of broadband coverage is an important requirement for the increasing digitization of the economy and society.

DLA Piper has advised Finnish private equity investor MB Funds on its investment in Pohjolan Energia Oy, the leading small-scale solar energy system provider in Finland.

MB Funds becomes partner and majority shareholder of Pohjolan Energia Oy to support the company’s growth and international expansion. The current owners continue in key management roles and as significant shareholders in the company.

Clifford Chance advised Grohe Beteiligungs GmbH on the total takeover of Grohe AG by excluding the minority shareholders.

On 21 November 2017, the Annual General Meeting of Grohe AG decided to transfer the shares of the minority shareholders of Grohe AG to the main shareholder Grohe Beteiligungs GmbH. Grohe pays a cash compensation of EUR 63,48 for each share. With the exclusion of minority shareholders, Grohe Beteiligungs GmbH is now the exclusive owner of Grohe AG.