Skadden advised Toshiba Corporation on the sale of its claims against Westinghouse Electric Company LLC to Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) for $2.16 billion and the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Skadden also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.
Global law firm White & Case LLP has advised WernerCo, a Triton IV fund company, on its acquisition of ZARGES Group (ZARGES).
The seller is a consortium consisting of funds managed by Baird Capital and Granville, VR Equitypartner and the management team ZARGES. The acquisition enhances WernerCo's position as a market leader for industrial climbing products and storage and transport containers in Europe. The parties have agreed not to disclose the purchase price.
Baker McKenzie has advised the global higher education giant, Laureate Education, on the sale of Université Internationale de Casablanca (UIC) to KMR Holding Pédagogique, a recognised higher education platform in French speaking Africa. Established in 2010, UIC is the first private university recognised by the Moroccan State.
Global law firm White & Case LLP has advised the senior lenders to Chow Tai Fook Enterprises (CTFE) on the financing of its acquisition from Engie and Mitsui of the 1,000MW brown coal-fired power plant Loy Yang B in Victoria, Australia.
Osborne Clarke has advised growth investor Synova Capital on the management buy-out of Mintec Global, a world leading provider of global pricing data and intelligence for non-traded food ingredients.
Osborne Clarke has advised the senior management team of Cloud Savings Company Limited on its acquisition of Invitation Digital Limited (“IDL”), owner and operator of the Vouchercloud and Giftcloud brands, following a management buy-out from the Vodafone Group, placing the company back in the hands of its original founders, Scott Davidson and Greg Le Tocq.
Norton Rose Fulbright has advised Aquiline Capital Partners (Aquiline) on the sale of its interest in London-based broker Beach & Associates (Beach) to Acrisure LLC (Acrisure). Acrisure has agreed to acquire 100 percent of Beach’s equity from existing shareholders, which include Aquiline as well as current and previous Beach management.
Gowling WLG has acted on the sale of The Regard Group to specialist investment manager AMP Capital.
Regard, founded in 1994, is one of the UK's five largest specialist care providers and offers industry-leading specialist care for adults with learning disabilities and mental health issues.
Gowling WLG advised the principal shareholders of The Regard Group on the sale, including its majority shareholder The Montreux Healthcare Fund plc.
Gowling WLG's real estate team has advised a client of Savills IM on the purchase of 30 Broadwick Street from Great Portland Estates (GPE), in a deal worth c. £190 million.
TLT has advised Santander on a landmark transaction signalling that the energy storage market is now ripe for debt funding.
The investment sees Santander provide a £28.5m facility to Battery Energy Storage Solutions Limited (BESS), an independent developer, operator and owner of battery storage units in the UK that aims to reach a 100MW portfolio by the end of 2018.