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.
Sidley is advising TowerBrook Capital Partners L.P. in connection with the acquisition of Bosal ACPS, a leading manufacturer of tow bars for original equipment manufacturers and suppliers and for the aftermarket in Europe. It is anticipated that the transaction will close at the end of Q1 2018.
Global law firm White & Case LLP has advised Faurecia, one of the world's largest automotive equipment suppliers, on the 100 percent acquisition of Switzerland-based Hug Engineering AG.
DLA Piper has advised the Marguerite Fund on its acquisition of a 10% stake in Fraport Greece, the owner and operator of 14 regional airports in Greece. The stake was sold by Slentel, a company of the Copelouzos Group, which remains a minority shareholder in the company alongside Fraport AG.
Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components. As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management.
Willkie represents Apex, a Genstar portfolio company, on this acquisition, which will add $50 billion in assets under administration and custody for the fund administrator.
On January 8, Apex Group Ltd., Genstar Capital and SALU Capital announced Apex's acquisition of Warburg’s Asset Management and Servicing business in Luxembourg. Upon completion of the transaction, Apex, a Genstar portfolio company, will have nearly $350 billion of AuA. Apex and Genstar partnered with SALU Capital on this transaction.
With a team led by Dr. Michael Dröge, Partner at the Hamburg office, Heuking Kühn Lüer Wojtek advised the shareholders of thinXXS Microtechnology AG, including majority shareholder PRICAP Venture Partners AG, on the sale of their shares to a subsidiary of IDEX Corporation.
PJSC Naftogaz of Ukraine was successful in securing a revision of the contract price effective from the second quarter of 2014 and the set-aside of take-or-pay claims in arbitration against Gazprom. This is one of the biggest commercial arbitrations ever.
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.
Allen & Overy LLP has advised M.M. Warburg & CO (AG & Co.) KGaA, Hamburg (Warburg) on the sale of its subsidiaries Warburg Invest Luxembourg S.A. and M.M. Warburg & CO Luxembourg S.A. to Apex Group Ltd. (Apex), a portfolio company of Genstar Capital. The target entities have USD 50 billion assets under administration. The transaction follows Apex’s acquisition of Deutsche Bank’s Alternative Fund Services business in 2017.
Warburg and Apex will form a strategic partnership for Luxembourg based asset management services businesses.