Stuttgart – The Swedish appliance company, Electrolux, has acquired Schneidereit GmbH.

A team from CMS Germany led by lead partner Dr Thomas Meyding advised Electrolux on all legal aspects of the transaction. The transaction is still subject to clearance by the competition authorities.

Schneidereit GmbH offers laundry machines and laundry systems, including service solutions for professional customers in Germany and Austria.

At the beginning of 2018, ENERCON acquired the Dutch wind turbine manufacturer Lagerwey B.V. With this strategic investment ENERCON strengthens its portfolio in onshore wind turbines in all wind classes.

Zurich | Baden – Axpo Holding AG (Axpo) has sold their participation in Elektrizitätswerk des Kantons Schaffhausen AG (EKS) to the Canton of Schaffhausen as part of a portfolio streamlining exercise.

In 2004 the Canton of Schaffhausen sold a 25% equity interest to Axpo Holding AG. Following a structured sale process implemented by Axpo in 2017, the Canton of Schaffhausen exercised its right of first refusal to acquire the participation at a price of 53 million Swiss francs.

Watson Farley & Williams (“WFW”) has advised MPS Capital Services S.p.A. (“MPSCS”), acting as Lender, on the €23m refinancing of five photovoltaic plants managed by Octopus Energy Investments (“Octopus”) and located in Montalto di Castro in the Lazio region of Italy.

The plants, with a total capacity of 64 MW, are the first project of this size with grid parity in Italy and among the largest power plants in Europe.

Stephenson Harwood LLP, has advised Zioncom Holdings Limited on its listing on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited, involving public offering and placing of its shares.

Zioncom is a manufacturer of networking products for home use and small scale commercial applications. It has established production facilities in the People's Republic of China (PRC) and Vietnam, with operating subsidiaries in the PRC, Vietnam, Taiwan and Hong Kong, serving more than 40 countries and regions globally.

Osborne Clarke has advised Solarplicity, one of the UK’s leading renewable energy providers, on the sale of 133MW of solar assets.

The transaction is for a UK-wide portfolio of 22 ground-based and 6 roof-top solar assets. The projects are all eligible for subsidy payments under the Renewable Obligation Certificates or Feed-in-Tariff schemes both of which are adjusted in line with RPI. Solarplicity Service Ltd will continue to operate and maintain the portfolio over the long term.

Allen & Overy LLP has advised Landesbank Baden-Württemberg (technical lead), Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Erste Group Bank AG as joint lead managers on all German law issues relating to the successful issue of a fixed-rate mortgage Pfandbrief with a total nominal amount of EUR 1 billion by Erste Group Bank AG.

Allen & Overy LLP has advised Commerzbank Aktiengesellschaft in connection with the financing for the Buissons wind farm in France. The wind farm consists of 7 Vestas, V117-3.45 turbines and has a total capacity of 24.15 megawatt. The project developer and operator of the wind farm is Volkswind GmbH, a member of the Swiss AXPO group, which is one of the leading project developers in Germany and abroad.

Allen & Overy LLP has advised three banking syndicates in connection with the successful issue of two benchmark bonds and one foreign currency bond with a total nominal amount of over EUR 2.8 billion by Deutsche Bank Aktiengesellschaft.

Baker McKenzie, alongside the firm Willkie Farr & Gallagher LLP, has advised the Schmolz + Bickenbach group in the context of its acquisition of assets from the French speciality steel producer, Ascometal.