Stuttgart – Belgian group Cofinimmo is continuing its expansion strategy in Germany by adding two care home properties to its healthcare portfolio in the country via deals worth EUR 26.5 million.
Reed Smith has advised ENGIE AXIMA, a subsidiary of French multinational energy group ENGIE, on its acquisition of Hamburg-headquartered Noske-Kaeser Group (Noske-Kaeser) out of insolvency proceedings through a combined share and asset deal. The acquisition was subject to antitrust clearance by the German Federal Cartel Office.
We advised Ironshore International/Pembroke, the W&I insurance underwriters in London, in connection with the sale of two-thirds of Eir to NJJ Capital. The deal values the telecoms operator at circa EUR3.5 billion.
We advised Greencoat Renewables (Greencoat) on its acquisition of the 36MW Drommada More wind farm from Impax Asset Management for €88.4 million. The farm, which is expected to be formally commissioned in March 2018, will benefit from a full 15 years of REFIT-2 revenues, guaranteeing a minimum floor price for the electricity produced by the asset.
MinterEllison has advised Cross Yarra Partnership, who has signed a contract to finance, design, construct and maintain the Tunnel and Stations Package as part of Melbourne's Metro Tunnel Project.
Premier Daniel Andrews and Minister for Public Transport Jacinta Allan this week announced that Cross Yarra Partnership has signed a contract to finance, design, construct and maintain the Tunnel and Stations Package for 25 years as part of the Metro Tunnel Project.
Simpson Thacher’s Tokyo office recently represented the underwriters, led by J.P. Morgan, Goldman Sachs, Merrill Lynch and Mizuho, in connection with the offering by ORIX Corporation of $700 million of 3.25% Senior Notes due 2024. The offering was made pursuant to ORIX Corporation’s shelf registration statement on Form F-3 under the Securities Act.
ORIX is one of the leading financial services firms in Japan and is a provider of commercial and consumer finance products and services to Japanese and overseas customers.
Skadden secured a favorable settlement for China-based iDreamSky Technologies Limited in a putative class action arising from its $116 million initial public offering of American depository shares. The plaintiffs filed several lawsuits in state and federal court, alleging that the defendants misled investors about the anticipated timing of a new mobile game release. Skadden successfully consolidated the lawsuits before Judge J. Paul Oetken of the U.S.
Global law firm White & Case LLP has advised Nordic Capital, a leading private equity investor in the Nordic region, and its portfolio company Luvata, on the sale of all operating divisions and facilities of the Luvata Group.
The sale was conducted as four separate transactions in 2016 and 2017, with the Special Products Division being sold to Mitsubishi Materials Corporation, the Heat Transfer Solutions Division to Modine Manfacturing Company, the Asian Tubes operations to Zhejiang Hailiang Co. Ltd and the North American Tubes operations to an investor group.
Orrick advised FinLeap participator PAIR Finance on its €4.5 million Series A financing.
Leading German e-commerce platform operator Zalando, HitFox Group and a prominent selection of business angels in Germany were among the investors who participated in the funding round, in addition to existing investors such as FinLeap, yabeo Capital and Ey Ventures.
Paul, Weiss advised Chinese internet giant Tencent in its US$604 million investment in Vipshop Holdings Ltd, a major Chinese online discount apparel retailer. Under the terms of the agreement, Tencent and JD.com Inc,, China’s largest e-commerce firm, will invest an aggregate US$863 million cash into Vipshop and will grant Vipshop access to Tencent’s digital wallet platform and JD.com’s mobile application. Tencent and JD.com will subscribe for newly issued Class A ordinary shares of Vipshop.