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MoFo Represents GLP in Forming European Funds

09 Jan 2018

LONDON (December 22, 2017) – Morrison & Foerster is advising Global Logistic Properties Limited (GLP), the leading global provider of modern logistics facilities, in connection with the formation of two new European funds which increase the size of GLP’s fund management platform by US$4 billion (€3.4 billion) to US$43 billion. These funds were formed in conjunction with GLP’s acquisition of Gazeley, a premier developer, investor and manager of European logistics warehouses and distribution parks.

CMS advises a consortium on the € 115 million purchase of a real estate portfolio

09 Jan 2018

CMS has advised a consortium consisting of Aspen Group and a number of other Israeli institutional parties in the purchase of a real estate portfolio. The consortium has acquired a property portfolio consisting of 8 (office) buildings from APF International and Ares Management. The total transaction value amounted to approx. € 115 million. The portfolio has a total lettable floor area of approximately 63,000 m² and generates approximately 9.5 million euro in annual rental income with an occupancy rate of 99%.

Baker McKenzie advises Casino on a new partnership with DIA regarding retail brands purchasing

09 Jan 2018

Baker McKenzie has advised CASINO, a long-standing player in the French retail market and one of the global leaders in food trade, in the creation of the joint venture CD SUPPLY INNOVATION by CASINO and DIA.

This new entity will gather the two partners’ retail brand expertise as well as their experience in logistics and supply management. It will be in charge of purchasing retail brand and low-price goods for the two groups, however only for a part of their suppliers and while preserving their commercial and operational independence.

Schulte Represents UBS in Financing of ION Investment Group's Acquisition of Controlling Stake in Dealogic

09 Jan 2018

Schulte represented UBS AG, Stamford Branch, as administrative agent, and UBS Securities LLC, as sole lead arranger, in connection with a $420-million U.S. dollar-denominated term loan, a €200-million euro-denominated term loan and a $20-million revolving credit facility for affiliates of ION Investment Group in their acquisition of a controlling stake in Dealogic from affiliates of The Carlyle Group and certain other owners. Dealogic is a global provider of data and analytics for capital markets.

Clifford Chance advises on Colombia's first private initiative project to be financed internationally

09 Jan 2018

Transaction solidifies Firm's leading position as international legal advisor for 4G financings.

Clifford Chance advised Goldman Sachs and a group of Colombian lenders on the approximately US$708 million (debt and equity) multisource financing for the construction of the 4G ("Fourth Generation") Antioquia-Bolívar highway in Colombia, also known as Ruta al Mar. This transaction is the seventh 4G project financing handled by the Firm out of eight that have obtained international financing.

DLA Piper advises OX2 on the sale of Valhalla wind farm

09 Jan 2018

DLA Piper has advised OX2 on its sale of the 357 MW wind farm to Aquila Capital, a leading European manager of alternative investments.

The financing of the Valhalla project comprising of 85 wind turbines has been successfully completed. Aquila Capital will acquire the project, which OX2 will deliver as an EPC contract, and it will be one of the largest onshore wind farms in Europe. The permits for the park have been developed in cooperation between OX2 and Bergvik Skog.

DLA Piper advises Immunomedics on royalty funding and stock purchase agreements with Royalty Pharma which raised an aggregate of US$250 million

09 Jan 2018

DLA Piper represented Immunomedics, Inc., in the sale of tiered, sales-based royalty rights on global net sales of sacituzumab govitecan (IMMU-132) to Royalty Pharma for US$175 million. Royalty Pharma has also purchased US$75 million in common stock of Immunomedics, at US$17.15 per share.