Simpson Thacher represented Gates Industrial Corporation plc in connection with its initial public offering of 38,500,000 ordinary shares at a public offering price of $19 per share, which raised gross proceeds of $731.5 million. Gates’ ordinary shares began trading on the New York Stock Exchange under the ticker symbol “GTES” on January 25, 2018.
International law firm CMS has advised UAE property developer Union Properties PJSC (UP) on the sale of its entire 50% stake in district cooling services provider Emicool to Dubai Investments PJSC for AED500m. Dubai Investments PJSC is now the sole owner of Emicool, having already owned 50% of Emicool prior to its latest purchase.
Hunton & Williams LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia.
CRBC, one of the world's largest construction companies, signed the toll-risk concession agreement with the Cambodian government on Jan. 11, 2018, in the presence of the Chinese premier and Cambodian prime minister during the Mekong-Lancang Cooperation summit meetings between China, Cambodia, Thailand, Myanmar, Laos and Vietnam.
Heuking Kuhn Luer Wojtek advised German investment firm Odewald KMU, which specializes in medium-sized businesses, on the sale of its stake in 7days group, a provider of workwear for the healthcare sector, to private equity firm Silverfleet Capital. A team led by Cologne-based partner Dr. Par Johansson worked extensively on this transaction on behalf of Odewald KMU. Marc Staperfeld and Ulrich Dolken, founders of 7days group, will remain with the company by way of share buyback.
With a team led by Dr. Thorsten Kuthe, Partner at the firm's Cologne office, Heuking Kuhn Luer Wojtek advised Accentro Real Estate AG on issuing a EUR 100 million corporate bond. Accentro intends to use the net proceeds from the issue primarily to finance the acquisition of new real estate assets in Germany.
ODDO BHF SCA issued the bond with a term of three years as part of a private placement. It is Accentro's largest debt financing measure on the capital market to date.
Paul, Weiss represented Tencent, a leading provider of internet value-added services in China, in its investment in Skydance Media, a U.S.-based diversified media company that creates high-quality, event-level entertainment across its feature film, animation, television, gaming and digital platforms. In addition to the investment, Tencent will cooperate with Skydance to co-finance Skydance films and to market, distribute and merchandise in China.
DLA Piper has advised CORESTATE Capital Holding S.A., a fully integrated investment manager and co-investor based in Luxembourg, on its acquisition of the micro-living asset "WOODIE", with 371 student apartments in Hamburg, Germany.
This asset was purchased for the real estate umbrella fund, which was launched on the Luxembourg AIF-Platform of Universal-Investment on behalf of Bayerische Versorgungskammer (BVK).
Dentons supported Polish power contractor Rafako in a tender procedure and contract to build two coal-fired power units on the Indonesian island of Lombok. The contract, signed late in December 2017, is worth some EU200 million.
Rafako was part of aconsortium, led by Indonesia-based PT. Rekayasa Industri, which was selected as the winner of the tender. The contract calls for the completion of Unit I of the power plant within 36 months and Unit II within 39 months. Rafako will receive approximately 35 percent of the contract value.
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.
Dianrong is a leading online marketplace connecting millions of borrowers and lenders from China.