Hamburg – Mayfair Beteiligungsfonds II GmbH & Co. KG, a private equity firm held by the Günter Herz and Daniela Herz-Schnoekel families, has sold its 36.5% stake in DNV GL Group AS, the parent company of the DNV GL Group. The shares were acquired by Det Norske Veritas Holding AS, which is owned by the Det Norske Veritas Foundation.
CMS advised the Hungarian multinational oil and gas company on a EUR 75m revolving credit facility provided by a group of 13 banks. The new facility was arranged as a club deal with a group of MOL's relationship banks. It has a tenor of five years (with two one year extension options), and can be drawn in both euros and US dollars. Societe Generale acted as the facility agent.
The CMS team assisting MOL included Partners Simon Dayes and Erika Papp and Consultant Stefania Lepore.
Global law firm Dentons advised Mediterrania Capital Partners on the acquisition, through its third fund (MC III) alongside DEG, Proparco and South Suez, of a stake in Travaux Généraux de Construction de Casablanca (TGCC) for an amount of €55 million. The investment is aimed at supporting the company’s expansion plans based on the growth trends in the construction sector in Morocco and Sub-Saharan Africa.
DLA Piper has advised Finnish private equity firm Sentica Partners on the acquisition of a majority stake in demolition and recycling businesses Purkupiha and Dammega. Sentica’s investment will help the group to establish itself as a leading business in its sector.
DLA Piper has advised Finnish private equity firm Sentica Partners on the acquisition of a majority stake in demolition and recycling businesses Purkupiha and Dammega. Sentica’s investment will help the group to establish itself as a leading business in its sector.
DLA Piper has advised China Maple Leaf Educational Systems (China Maple Leaf), a Chinese international school operator, on the over HK$1 billion placing of shares.
China Maple Leaf is the largest international high school and international school operator in China. At the end of the 2016/2017 academic year, over 26,000 students were enrolled in 60 China Maple Leaf schools located in 16 cities in China and Canada.
The placing was managed by UBS AG as placing agent, sole global coordinator and sole bookrunner.
DLA Piper has advised the Munich-based investment manager, Catella Real Estate AG, on its acquisition of the mixed-use property “Moosach Center” located in Moosach, Munich, for Catella BAVARIA, the open-end mutual real estate AIF. Completed in 2010, the fully let property located directly by Moosach station has a rentable floor space of approximately 7,100 square metres, and is used as office, hotel and retail space.
DLA Piper has advised Catella Real Estate AG on its acquisition of an office property in Stuttgart for the special fund IWS II, from German Property AS, based in Oslo, Norway. The building in Stuttgart-Feuerbach has office space of approximately 10,600 square metres, and its main tenant is Robert Bosch GmbH.
The second Catella special fund, focussing solely on Southern Germany, manages four properties. Investors in the fund include pension funds, pension-scheme companies and savings banks, and the target equity ratio is 150 million euros.
Eversheds Sutherland financial service team in Italy advised Sorgente SGR, one of the main Italian real estate asset managers, in structuring and setting up its second fund focusing on NPL investments.
The new fund (named Fondo Perugino) enriches the offering of Sorgente, one of the few asset managers in Italy which have launched this type of alternative investment funds, in the credit sector.
The Eversheds Sutherland team was led by Alessandro Engst and comprised Valerio Lemma, Lorenzo Toppini and Carlotta Riggi.
Watson Farley & Williams (“WFW“) has advised Omoove, a fully-owned subsidiary of Octo Telematics (“Octo”), on the launch of its innovative online platform Sharemine.
Sharemine facilitates the creation and management of online car and ride sharing mobile communities. With this new project, Octo aims to help customers save on car ownership and rising insurance costs, and use telematics technology to make roads safer and more environmentally friendly.