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Norton Rose Fulbright assists ASEC Cement SAE on the sale of its equity stake in a cement factory in Algeria

22 Jan 2018

Global law firm Norton Rose Fulbright has assistedASEC Cement SAE, an affiliate of Qalaa Holdings (CCAP.CA on the Egyptian Exchange), a leading energy and infrastructure company in Africa and the Middle East based in Cairo, Egypt) on the sale of its direct and indirect equity stake in ASEC Ciment SPA (an Algerian based company which is currently developing a cement plant in Algeria) to a private local investor.

CMS Francis Lefebvre Avocats advises the NSIA group on the takeover of Diamond Bank SA.

22 Jan 2018

The Africa team of CMS Francis Lefebvre Avocats advised the NSIA group, a major player in insurance in Sub-Saharan Africa (around 20 life and non-life subsidiaries in more than a dozen African countries) as well as in banking (two banking subsidiaries in Côte d’Ivoire and Guinea), on the takeover of Diamond Bank SA, the Beninese banking subsidiary of the Nigerian Diamond Bank Plc group and its three banks in Senegal, Togo and Côte d’Ivoire (with total assets of more than €600 million).

Clifford Chance advises bank syndicate on the financing of STEAG's acquisition of two incineration plants

22 Jan 2018

The energy group STEAG GmbH based in Essen has successfully refinanced the acquisition of two incineration plants through external funding. In early/mid-2017 STEAG Waste to Energy GmbH acquired Vattenfall's shares in the plants Thermische Abfallbehandlung Lauta GmbH & Co. oHG and IKW Rüdersdorf GmbH. Clifford Chance provided legal advice to the banks concluding the loan agreement, Landesbank Hessen-Thüringen Girozentrale and KfW IPEX-Bank GmbH.

Willkie Advises Waterland Private Equity in Sale of its Interest in A-ROSA River Cruise Group

22 Jan 2018

Waterland held the stake since 2009, contributing significantly to the company's success as a leading European river cruise operator.

Waterland announced the sale of its interest in the A-ROSA river cruise group to British private equity group Duke Street. Duke Street is acquiring all the shares in German-based A-ROSA, recognized as the industry leader for premium European river cruises.

Zhenro Properties Completes HK$3.99 Billion (US$510.2 Million) Hong Kong IPO and Regulation S Offering

22 Jan 2018

The Firm represented Zhenro Properties Group Limited (“Zhenro Properties”) in connection with its initial public offering in Hong Kong and Regulation S offering of 1,000,000,000 shares (prior to the exercise of the overallotment option), which raised HK$3.99 billion (US$510.2 million) in gross proceeds. The ordinary shares of Zhenro Properties are listed on the Hong Kong Stock Exchange. CCB International acted as sole sponsor. CCB International and Guotai Junan International acted as joint coordinators.

Toshiba to Sell Westinghouse

22 Jan 2018

Skadden advised Toshiba Corporation on the sale of its claims against Westinghouse Electric Company LLC to Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) for $2.16 billion and the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Skadden also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.

Simpson Thacher Represents Dealer Managers in Cash Tender Offer by Gol Linhas Aéreas

22 Jan 2018

The Firm recently represented Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as dealer managers, in connection with a cash tender offer by Gol Finance, a subsidiary of Gol Linhas Aéreas Inteligentes S.A. (“Gol”), the Brazilian airline, to purchase for cash up to US$50 million in aggregate principal amount of its outstanding 9.25% Senior Notes due 2020. The tender offer expired on January 12, 2018. Approximately US$21.3 million in aggregate principal amount of notes was tendered.

Toshiba to Sell Westinghouse

22 Jan 2018

Skadden advised Toshiba Corporation on the sale of its claims against Westinghouse Electric Company LLC to Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) for $2.16 billion and the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Skadden also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.

White & Case Advises WernerCo on Acquisition of ZARGES Group

22 Jan 2018

Global law firm White & Case LLP has advised WernerCo, a Triton IV fund company, on its acquisition of ZARGES Group (ZARGES).

The seller is a consortium consisting of funds managed by Baird Capital and Granville, VR Equitypartner and the management team ZARGES. The acquisition enhances WernerCo's position as a market leader for industrial climbing products and storage and transport containers in Europe. The parties have agreed not to disclose the purchase price.

Baker McKenzie has advised Laureate Education Inc. on the sale of its Moroccan university

22 Jan 2018

Baker McKenzie has advised the global higher education giant, Laureate Education, on the sale of Université Internationale de Casablanca (UIC) to KMR Holding Pédagogique, a recognised higher education platform in French speaking Africa. Established in 2010, UIC is the first private university recognised by the Moroccan State.