Kirkland & Ellis advised Wyndham Worldwide Corporation (NYSE: WYN), one of the largest global hospitality companies, on its agreement to sell its European vacation rental business to Platinum Equity for approximately US$1.3 billion. Wyndham’s European business offers access to more than 45,000 properties through over 20 brands including Hoseasons, cottages.com, James Villa Holidays, Landal GreenParks and Novasol, making it the largest manager of holiday rentals in Europe.

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.

Orrick has advised JD.com, Inc. (NASDAQ: JD), China’s largest retailer and e-commerce company, on the financing of its logistics subsidiary, JD Logistics. Investors include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, among others.

DLA Piper has advised China Merchants Group (CMG) on its investment in JD Logistics, a subsidiary company of China’s largest retailer JD.com.

JD.com will continue to be the majority shareholder of JD Logistics, with a 81.4% stake after the completion of the deal, which is expected to close in the first quarter of 2018. Other investors include Hillhouse Capital, Sequoia China, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, among others. The total amount raised is expected to be approximately US$2.5 billion.

Baker McKenzie advised Selecta AG (“Selecta”), a leading European vending and coffee services provider on its sale of Selecta Finland to JOBmeal. This was a 'forced' sale, as EU antitrust regulators cleared Selecta’s proposed acquisition of Dutch peer Pelican Rouge, subject to the divestment of all their vending service activities in Finland.

THQ Nordic AB (publ) has through its wholly owned subsidiary SALEM einhundertste Holding GmbH (Austria) acquired 100 percent of the share capital in Koch Media GmbH, including the games publisher Deep Silver with the AAA-intellectual property rights such as Saints Row, Dead Island and exclusive licence for Metro.
 
Koch Media is a leading, independent producer and marketer of digital entertainment products in Europe and North America with studios in Germany, the UK and the US and offices in several Central and Northern European cities.
 

Jones Day is acting for NewSat Limited, a formerly publicly listed Australian satellite company, on the instruction of its receivers from McGrathNicol in relation to a claim against NewSat's CEO and Chairman for breaches of directors' duties. NewSat, backed by U.S. and European lenders, was involved in attempting to build Australia's first commercial satellite business and collapsed in 2015 following its entry into and failure to comply with a number of satellite project contracts relating to the construction and launch of an Australian satellite.

contact: Roger Dobson

Jones Day advised Cardinal Health in the $1.2 billion sale of its Cardinal Health China business to Shanghai Pharmaceuticals Holding Co., Ltd.

Cravath represented the European Investment Bank in connection with its $4 billion registered notes offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 13, 2018.

The Cravath team included partner Philip J. Boeckman and associates Winnie Ling, Norman J. Walczak and Ingo M. Berner.

Tobin Properties has completed a rights offering with preferential rights for its existing shareholders. Through the rights offering, Tobin Properties received proceeds amounting to approximately SEK 52 million before offering costs.

In connection with the rights offering, Tobin Properties competed a private placement of a total of 7 500 000 ordinary shares to Klövern AB (publ) corresponding to SEK 150 million.