King & Wood Mallesons (KWM) acted for all financiers, including as Australian counsel for the USPP noteholders, to the Netflow consortium – comprising Cintra, Plenary, WBHO Infrastructure, Amey and Broadspectrum – on the Victorian Government’s A$1.8 billion Western Roads Upgrade project.
King & Wood Mallesons (KWM) advised Comsys Financial Leasing (Comsys) on its acquisition and finance leasing of an A380 aircraft to Mauritius-based operating lessor, Veling Group (Veling), with a 12 year operating lease attached to Emirates. Comsys financed its acquisition of the aircraft with a secured loan from a PRC policy bank.
The KWM team was lead drafting counsel on the finance leasing transaction as well as on the secured loan transaction.
Watson Farley & Williams (“WFW“) advised Liacon GmbH (“Liacon”), a German company developing and producing high performance energy storage systems, on a €3m convertible bond issued in order to raise financing for their future development.
Dentons advised funds managed by Cross Equity Partners on the acquisition of all shares of WDM Wolfshagener Draht- und Metallverarbeitung sold by DG Drahtgitter Holding. Through this transaction a holding company will be formed, in which WDM’s management will co-invest. The parties agreed to keep the purchase price confidential.
Dentons has advised investment management firms CR Holding GmbH and Värde Partners on the successful sale of six retail parks to Cologne-based REWE Group. The retail parks are part of the Saturn-Portfolio and are located in the western and southern part of Germany. Through this transaction, leading German food retailer REWE Group plans to increase its rate of store ownership.
Clifford Chance advised Tele2 on its agreement with Deutsche Telekom to combine Tele2 Netherlands and T-Mobile Netherlands. Tele2 will hold a 25% share in the combined company and receive a cash payment of EUR 190 million upon closing. Based on current numbers, the company will have around 5 million mobile pre- and post-paid customers, combined revenues of around EUR 2 billion. The establishment of the combined company is subject to regulatory approval by the relevant competition authorities. The transaction is therefore expected to close in the second half of 2018.
Ashurst advised PT Trans Media Corpora as borrower in connection with a financing transaction. PT Trans Media Corpora owns leading television, cable and online networks including Trans TV, Trans 7, Trans Vision, Detik and CNN Indonesia. The Borrower is a part of the PT CT Corpora group.
PT CT Corpora ("CT Corp") is a rapidly growing, diversified Indonesian-based corporate group which is active in financial services, media, lifestyle, entertainment and natural resources and has strongly-positioned companies across various sectors and markets in Indonesia.
Shoosmiths has advised on the management buy-out (MBO) of The Quarr Group, a leading provider of building maintenance and construction, contract cleaning and contract catering.
The Quarr Group has been acquired by its management team, who included Brian Warren, Nelson Williams and Simon Ingram; the Managing Directors of the Quarr Group's subsidiaries: Nviro, Pabulum and Mountjoy, respectively.
Slaughter and May, Hong Kong, advised Swire Properties Limited on the first green bond issue by its wholly-owned subsidiary, Swire Properties MTN Financing Limited, of US$500 million 3.50% Guaranteed Notes due 2028. The Notes were issued under Swire Properties' US$4 billion Medium Term Note Programme. The Notes are guaranteed by Swire Properties Limited and are listed on the Hong Kong Stock Exchange.
Davis Polk is advising SS&C Technologies Holdings, Inc. on its approximately $5.4 billion acquisition of DST Systems, Inc. The transaction, which is expected to close by the third quarter of 2018, is subject to DST’s stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.