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Eversheds Sutherland advises Bridges-backed Viva Gym on its acquisition of Fitness Hut to create Iberian low-cost market leader

16 Jan 2018

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.

CMS advises RDI REIT P.L.C. on £161m portfolio acquisition

16 Jan 2018

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. RDI (formerly Redefine International) is a FTSE 250 UK Real Estate Investment Trust, which currently manages £1.5bn worth of properties in the UK and Germany, including retail parks, offices, logistics and hotels across both countries.

Clifford Chance advises ABN AMRO on its restructuring of business divisions

16 Jan 2018

Clifford Chance advised ABN AMRO on its successful restructuring of business divisions ABN AMRO Lease and ABN AMRO Commercial Finance into one division with the name ABN AMRO Asset Based Finance. The restructuring consisted of four mergers, of which two mergers were cross-border mergers, and CC advised on Corporate, Regulatory and Employment matters. The restructuring was successfully completed on 1 January 2018.

G+T advises on financing of Loy Yang B Power Station

16 Jan 2018

Gilbert + Tobin today announced it advised Alinta Energy owner, Chow Tai Fook Enterprises (CTFE) on the financing of its acquisition of the 1,000MW Loy Yang B Power Station.

Gilbert + Tobin’s Banking + Infrastructure team advised Alinta/CTFE on the financing aspects of its acquisition of the Victorian brown coal-fired power plant Loy Yang B from Engie and Mitsui.

The power station supplies close to 20 per cent of Victoria's energy needs, and comes as Alinta expands its generation capacity and market penetration in Australia.

Dentons in Morocco advises Mediterrania Capital Partners and its consortium on a €55 million investment in TGCC, the leader in Morocco’s construction sector

16 Jan 2018

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.

Charles Russell Speechlys advises OKA on sale to Investindustrial

16 Jan 2018

Charles Russell Speechlys is delighted to have advised the shareholders of British luxury furniture brand OKA on the sale of the company to the Italian owner of Aston Martin, Investindustrial. OKA, co-founded by Lady Annabel Astor and designers Sue Jones and Lucinda Waterhouse as a mail-order business has expanded over 20 years and now has 14 shops across the UK.

Annabel Astor commented on the Charles Russell Speechlys team as follows: “Thank you all for the hard work, long hours and a very speedy result!”

WFW advises lenders on financing of Argentine onshore wind farm project

16 Jan 2018

Watson Farley & Williams (“WFW”) has advised a consortium of lenders comprising DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG),  Kreditanstalt für Wiederaufbau (KfW) and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.(FMO), as well as KfW IPEX-Bank GmbH as facility agent, on the €167m financing of the Vientos Los Hércules onshore wind farm project in the southern Argentine province of Santa Cruz.