Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management, L.P. on their acquisition of a leading hotel complex with approximately 86,000 sqm of gross leasable area in Bucharest, Romania.

The complex includes two hotel facilities, the Radisson Blu and Park Inn Hotels, as well as approximately 7,500 sqm of prime retail space. In addition to providing M&A assistance and real estate due diligence, Wolf Theiss assisted the purchasers in relation to financing and refinancing of the acquiring and the acquired companies' debt.

With a team led by Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG on a reverse IPO by contributing The Grounds Real Estate AG to a shell company. Subsequently, a private placement in Germany was successfully completed with the subscription of 2.2 million shares. The next step will be a dual listing of The Grounds Real Estate Development AG shares in the AltX segment of Johannesburg Stock Exchange. The shares will thus be placed with institutional investors in South Africa.

Allen & Overy LLP has advised M.M. Warburg & CO (AG & Co.) KGaA, Hamburg (Warburg) on the sale of its subsidiaries Warburg Invest Luxembourg S.A. and M.M. Warburg & CO Luxembourg S.A. to Apex Group Ltd. (Apex), a portfolio company of Genstar Capital. The target entities have USD 50 billion assets under administration. The transaction follows Apex’s acquisition of Deutsche Bank’s Alternative Fund Services business in 2017.

Warburg and Apex will form a strategic partnership for Luxembourg based asset management services businesses.

Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the purchase of housing project "LEO - Urban Living" from Kondor Wessels Holding GmbH (Kondor Wessels). 171 apartments with a total of 9,480 square meters of living space are to be built on the approximately 4,700 square meters of land in Berlin, Löwenberger Straße 1, 3, 5. In addition, two commercial units totalling 157 square meters and 40 underground parking spaces are planned. Completion of the project is scheduled for spring 2020.

Goltsblat BLP has advised AFG National on sale of a 35% stake in its subsidiary OOO Yuzhniye Zemli to Volga Group Agro (a company consolidating Volga Group's agricultural projects). The deal was signed on 26 December 2017.

Yuzhniye Zemli produces top quality apples using the latest technology and manages 400 ha of orchards. In 2018, it intends to launch an additional 300 ha, building the second stage of its fruit storage facility and increasing apple production to ten thousand tonnes.

Herbert Smith Freehills has advised Alinta Energy owner, Chow Tai Fook Enterprises (CTFE) on the acquisition of the 1,000MW Loy Yang B Power Station located in Victoria.

The Herbert Smith Freehills team was led by Partner Robert Nicholson with support from Partner Nick Baker, Executive Counsel Michelle Palethorpe, Senior Associates Claire Thompson and Brodie Same and Solicitors Lily Zhang and Madeleine Miller.

Global law firm Norton Rose Fulbright has advised GuarantCo, which has been acting in collaboration with the Nigeria Sovereign Investment Authority (NSIA), on the establishment of a new Nigerian entity, InfraCredit.

GuarantCo has provided a USD 50 million Callable Capital Facility to InfraCredit as part of its capital structure.

GuarantCo encourages infrastructure development in low income countries through the provision of credit guarantees that enable infrastructure projects to raise debt finance.

Norton Rose Fulbright has advised University of New South Wales Sydney on its innovative procurement of renewable energy. The tripartite arrangement with Origin and Maoneng allows UNSW to meets its zero carbon goals and provides a long term price hedge in a volatile NSW electricity market.

International legal practice Osborne Clarke is advising TiGenix, an advanced biopharmaceutical company listed on Euronext Brussels and NASDAQ (TIG), in connection with the intended acquisition by Takeda Pharmaceutical Company Limited (“Takeda”).

International legal practice Osborne Clarke has advised national developer and urban regeneration company St. Modwen on a promotion and development agreement for the Tortworth Estate’s Buckover Garden Village, a planned 3,000-home exemplar new community in South Gloucestershire.