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Kirkland Advises Consortium on Investment Partnership with Pure Group

08 Jan 2018

Kirkland & Ellis advised a consortium comprised of funds affiliated with FountainVest Partners and Ontario Teachers’ Pension Plan on its investment partnership with the Pure Group (Pure).

Pure is Asia’s leading premium lifestyle brand that includes Pure Yoga, MyPureYoga.com, Pure Fitness, Pure Apparel and nood food which provides a wide variety of yoga and meditation classes and private yoga programs. Founded in 2002, Pure serves around 80,000 customers with more than 1,900 employees across centres in Hong Kong, Shanghai, Singapore, Taipei and New York.

Leading Philippine IPPs Sponsor $434M Project Expansion to Double Generating Capacity of Supercritical Coal-Fired Power Plant

08 Jan 2018

Milbank, Tweed, Hadley & McCloy LLP advised Abotiz Power, Ayala Corporation’s AC Energy Holdings Co. and Power Partners as sponsors in connection with GNPower Dinginin Ltd. Co.’s US$1.7 billion supercritical coal-fired power plant project in Bataan Province in the Philippines. Milbank represented the project in the first 668 MW unit closing in September 2016, and the project will now be expanded to include a second 668 MW unit.

Ontario Teachers' Pension Plan Invests in The Pure Group

08 Jan 2018

Paul, Weiss advised Ontario Teachers' Pension Plan in its investment alongside FountainVest Partners in The Pure Group. Terms of the transaction were not disclosed. The Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan. FountainVest Partners is a Hong Kong-based private equity firm.  The Pure Group is Asia’s leading wellness brand, with a portfolio that includes Pure Fitness, Pure Yoga, MyPureYoga.com, nood food and Pure Apparel.

The Paul, Weiss team included corporate partner Betty Yap.

Shearman & Sterling Advises Crescent Capital on Unitranche Refinancing of 3B Scientific Group

08 Jan 2018

Shearman & Sterling advised Crescent Capital on a unitranche refinancing of 3B Scientific Group, a leading global manufacturer of anatomical and biological teaching aids for science, healthcare and patient education. The group was acquired by Whitney Capital Partners at the beginning of 2017.

Shearman & Sterling Advises Unibail-Rodamco on Its Proposed $25 Billion Acquisition of Westfield

08 Jan 2018

Shearman & Sterling advised Unibail-Rodamco on its proposed $25 billion acquisition of Westfield Corporation. This transaction will create a global property leader with €61.1 billion (US$72.2 billion) of gross market value and a presence in 27 of the world’s most attractive retail markets and cities.

Shearman & Sterling Advises Ardagh on $850 Million Financing

08 Jan 2018

Shearman & Sterling advised Ardagh Group S.A. as parent guarantor on an $850 million financing agented by Citibank, N.A. The financing consisted of an $840 million secured New York ABL revolving credit facility and a $10 million secured French ABL revolving credit facility.

The facilities are secured by inventory and receivables in the United States and five European countries. The obligors included Ardagh entities in the United States, the United Kingdom, France, Germany, Netherlands, Switzerland and Ireland.

Shearman & Sterling Advises EQT Credit on Acquisition Financing of Studienkreis by IK Investment

08 Jan 2018

Shearman & Sterling advised EQT Mid-Market Credit Fund (EQT) on the financing of the acquisition of Studienkreis, a German private tutoring service provider, by IK Investment.

Studienkreis, founded in 1974, is headquartered in Bochum and operates a network of over 1,000 learning centers that offer small group tutoring to 60,000 primary and secondary school students across Germany.

Weil Advises AMP Capital on its First Investment in the UK Specialist Care Sector with the Acquisition of The Regard Group

08 Jan 2018

Weil has advised global investment manager, AMP Capital, on its acquisition of The Regard Group in the UK, a leading provider of community-based services for people with learning disabilities and mental health needs, from the Montreux Healthcare Fund and Macquarie Principal Finance Europe. The Regard Group provides person-centred care and offers supported living, residential and day services in 161 locations across the UK.