DLA Piper has advised the Luxembourg-based investment company Active Ownership Capital on the acquisition of PINTSCH BUBENZER, a leading provider of industrial brakes and subsidiary of Schaltbau Holding AG.

The acquisition was made jointly with Swedish Dellner Group-owned Dellner Brakes AB, which also provides industrial brakes. The agreement is part of a structured selling process and is expected to be completed by the end of February.

Leading global law firm Herbert Smith Freehills has advised the managers and trustee on ITNL Offshore Pte Ltd's RMB1 billion dim sum bond, one of the largest dim sum issues by an Indian corporate.

The 7.5 per cent Regulation S only senior unsecured bonds due 2021 were listed on the Singapore Stock Exchange and guaranteed by ITNL Offshore's parent company, IL&FS Transportation Networks Limited, one of India's leading surface transportation infrastructure companies.

Leading global law firm Herbert Smith Freehills has advised the managers and trustee on ITNL Offshore Pte Ltd's RMB1 billion dim sum bond, one of the largest dim sum issues by an Indian corporate.

The 7.5 per cent Regulation S only senior unsecured bonds due 2021 were listed on the Singapore Stock Exchange and guaranteed by ITNL Offshore's parent company, IL&FS Transportation Networks Limited, one of India's leading surface transportation infrastructure companies.

DLA Piper has advised Dechra Pharmaceuticals PLC on the acquisition of AST Farma and Le Vet in the Netherlands for a total consideration of €340 million and an associated £100m placing to raise funds for the transaction.

DLA Piper has advised the international project developer and fund manager, Tishman Speyer, on the leasing of 9,500 square meters of its recently acquired "Pressehaus am Alexanderplatz," located on Karl Liebknecht Strasse, to the international internet and entertainment group Naspers.

The second major rental agreement in the building has been signed with Naspers and the tower is now fully let. The revitalisation of the building "Pressehaus" will be completed in 2019, and offers loft character office space of approximately 22,000 square meters.

DLA Piper has advised HanseMerkur Grundvermögen AG on its acquisition of the BBG Office Center located on the Böblinger Flugfeld development site for the open-ended special AIF "HMG Grundwerte Deutschland Südwest."

The seller of the new office building completed in early 2017 and comprising some 7,400 square metres is Böblinger Baugesellschaft. At present, the property is fully let and the volume of the investment totals some EUR 12 million.

Clifford Chance is advising SABIC, a world leader in chemicals, on its proposed acquisition of approximately 83 million shares in global chemicals company Clariant from 40 North and Corvex Management. The acquisition would make SABIC the largest Clariant shareholder. SABIC currently has no plans to launch a full takeover of Clariant.

The deal marks another step towards SABIC's plans to become a global leader in chemicals, offering product differentiation and value to customers. SABIC is 70% owned by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).

Hogan Lovells is representing Scottish Re in the implementation of a sale and restructuring plan for its Cayman Islands subsidiary, Scottish Annuity & Life Insurance Company (Cayman) Ltd. (SALIC), and SALIC’s U.S. subsidiary, Scottish Holdings, Inc. (SHI). The sale and restructuring plan is being implemented through the commencement by SALIC and SHI of U.S. Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware on January 28, 2018.

Paris office represents Schmolz + Bickenbach in its successful bid to take over Asco Industries.

On January 29, the Strasbourg regional court (Tribunal de Grande Instance) announced that Schmolz + Bickenbach had been selected as buyer of a substantial part of the assets of Asco Industries as part of reorganization proceedings opened on November 22, 2017.

With a team led by Dr. Pär Johansson, Heuking Kühn Lüer Wojtek advised Franz Haniel & Cie. GmbH (Haniel) on the acquisition of Optimar, a leading provider of automated fish processing systems. Norwegian financial investors Credo Partners and the company's management are the sellers. The current management team led by CEO Håvard Sætre will continue to run Optimar as part of Haniel group. With this acquisition, Haniel is further expanding its portfolio in an innovative business area.