Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Cinven, the international private equity firm, on its agreement to sell Northgate Public Serviced Limited (‘NPS’) for £475m. The buyer is Tokyo Stock Exchange listed NEC Corporation (‘NEC’).

Acquired by Cinven in December 2014, NPS is a leading provider of mission-critical software and intellectual property-led services to the property sector in the UK, Australia and Canada. NPS is headquartered in the UK and has more than 2000 staff worldwide.

Ropes & Gray has advised the founders of TCP LifeSystems - a software solutions provider to life and pensions insurance companies – on their sale of the company to iPipeline UK, a leading provider of business intelligence to the UK life, pension and investment markets.

The financial terms of the deal, which was announced on 3 January 2018, have not been disclosed.

DLA Piper has advised OX2 on its sale of the 21.6 MW wind farm to Fontavis, a Swiss asset manager for energy and infrastructure investments.

OX2 has developed and constructed approximately 1600 MW of wind power, and is one of the leading players in onshore wind power in Northern Europe.

The DLA Piper team based in Stockholm was led by Corporate partner Peter Ihrfelt, assisted by Real Estate senior associates Johan Forsling and Mats Eriksson.

International legal practice Osborne Clarke has advised the management team of leading Portuguese low-cost gym business, Fitness Hut S.A. (“Fitness Hut”), on its buyout by Viva Gym (“Viva”), a leading Spanish low-cost gym business, in a deal led by specialist sustainable and impact investor Bridges Fund Management (“Bridges”).

Cooley advised the management team of publisher Law Business Research (LBR), a leading provider of research news, data and insight on international business law and legal markets, on its sale to Levine Leichtman Capital Partners. Cooley private equity partner Stephen Rosen led the team. The deal saw private equity firm Bowmark Capital, which acquired LBR in 2013, exit the business.  

Slaughter and May is advising Corsair Capital on the acquisition of the majority of RGI, one of the leading providers of core software solutions to the insurance market, from Ardian.

Slaughter and May worked as an integrated team with BonelliErede in Milan.

TLT has worked with Ecotricity to deliver a three turbine wind park located at Alveston in South Gloucestershire.

The 6.9MW project, which became operational in December 2017, is expected to provide enough clean energy to power more than 3,000 homes every year for the next 30 years.

Macfarlanes has advised the management team of UK-based IT services company Northgate Public Services Limited on its £475m sale to Japanese multinational NEC Corporation from private equity firm Cinven.

DLA Piper has advised the property fund manager, Savills Investment Management, on the establishment of its new fund Nordic Fund III – Retail, and the fund's subsequent acquisition of four retail parks in Haparanda, Borlänge, Uppsala and Uddevalla in Sweden from IKEA Centres.

DLA Piper advised on the Swedish, German and English law in relation to the acquisition of the retail parks, as well as the financing of the acquisition.

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.