CMS has advised each of Intellectual Property & Software Ltd (IPS), European Domain Management Ltd (EDM) and Rocket 9 Ltd (Rocket 9) on their entry into a business sale agreement with NASDAQ First North Premier listed Swedish mobile gaming company, LeoVegas AB (publ) (LeoVegas).
International law firm CMS has advised London Stock Exchange listed RDI REIT P.L.C. (RDI) on its acquisition of an 80% interest in a portfolio of flexible offices in Central London worth in excess of £161m, from sellers Forum Partners, the Kailong Group and Office Space in Town Limited (OSIT). The portfolio was previously held by two companies based in the Isle of Man.
International law firm CMS has advised technology client, what3words, on the successful investment of a significant stake in the company by German carmaker, Daimler.
what3words is an innovator in addressing technology, providing a system which assigns a three-word address to every 3mx3m square on the planet. Daimler have previously worked closely with what3words in integrating the technology with Mercedes’ satellite navigation systems, allowing drivers to navigate to any destination using a unique, three-word combination.
Dentons has advised Societe Generale, London Branch and HSBC Bank plc on €215 million of investment facilities to Generator Hostels, which is owned by the private equity real estate fund manager Queensgate Investments. Generator Hostels are designed to combine affordable luxury rooms with unique social events for travellers and locals of the cities in which they currently operate across Europe and the US.
DLA Piper represented private equity firm Caltius Equity Partners in the sale of its equity interest in national sign and lighting provider MC Sign, LLC to an affiliate of alternative investment manager Arcapita Investment Management US Inc.
DLA Piper has advised BEWi, one of the leading players in the Nordics for the development and production of insulation products and customized packaging solutions made from cellular plastic, EPS, on its acquisition of Ruukin EPS, a Finnish manufacturer of insulation material.
This transaction provides BEWi a stronger geographical presence in Finland and enables it to offer insulation material and packaging solutions in expanded polystyrene (EPS) as it does in the rest of the Nordics.
Eversheds Sutherland has advised Viva Gym (Viva), a leading Spanish low-cost gym business, on its acquisition of Fitness Hut, the leading Portuguese low-cost gym business.
The deal was led by specialist sustainable and impact investor Bridges Fund Management (Bridges). It will create the biggest low-cost fitness group in the Iberian region, with 200,000 members across 48 sites, combined revenues of over €50m, and ambitious growth plans for the next few years.
Eversheds Sutherland has advised longstanding client KPMG on completing the sale and leaseback of its headquarters at 15 Canada Square, Canary Wharf, to Kingboard Investments of Hong Kong for c.£400m.
Following an open tender, Eversheds Sutherland was instructed by KPMG to advise on all legal aspects of this particularly complex, top-flight transaction.
The Eversheds Sutherland team was led by Partner and Head of London Real Estate Bruce Dear, working with Partner Nef Jones, Senior Associate Jonathan Woodward and Associate Natasha O’Neill.
Eversheds Sutherland has advised Raisio plc (Raisio) on the divestment of its confectionery business to Valeo Foods Ltd (Valeo Foods) at an enterprise value of EUR 100 million.
Raisio’s divested confectionery business includes six production plants in the UK and Czech Republic. Its best-known brands include Fox's Glacier, Just, XXX, Poppets and Pedro. The divestment will allow Raisio to focus on brands that enhance well-being.
Shearman & Sterling is advising Tele2 on the U.S. aspects of its proposed approximately $3.3 billion merger with Com Hem.