Osborne Clarke has advised corporate finance and investment firm, TradeRisks, on arranging and implementing £75.2m of fixed and indexed rate notes to assist Arlington Investors with their purchase of boutique student accommodation provider, Study Inn Group.
Watson Farley & Williams (“WFW“) advised Blue Elephant Energy AG (“BEE”) on its acquisition of a 20 MW wind farm in Italy. The seller is a company in the European Energy Group, the buyer BEEGO IPP GmbH, an affiliate of BEE. The wind farm, located in the province of Potenza in the Basilicata region of southern Italy, comprises ten Vestas V110-2MW type wind turbines with a total capacity of 20 MW and has been operational since early 2017.
Slaughter and May acted for Scientific Games Corporation ("Scientific Games") on its acquisition of NYX Gaming Group Limited ("NYX"). The transaction was completed on Friday 5 January 2018 and was executed by way of a court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008. The offer was approved by an overwhelming vote of NYX shareholders on 20 December 2017.
Advising on best practice for communicating R&D progress to the public and to investors
Simmons & Simmons has advised the UK BioIndustry Association, the trade association for the British bioscience industry, alongside financial communications firms Consilium Strategic Communications and Instinctif Partners, on a new best practice guide for communicating Research & Development (R&D) progress to the public and to investors.
CMS has advised PFR TFI on an investment in Lithuanian company UAB EMP recycling. As part of the transaction, the Foreign Expansion Fund, Closed-End Investment Fund of Non-Public Assets, (FEZ FIZAN), which is managed by PFR TFI, took over 49% of shares in the company from Elemental Holding S.A., a Polish capital group that operates in the recycling industry in a number of countries in Central and Eastern Europe, as well as in Germany, Finland, the United Kingdom, Turkey and the Middle East.
CMS has advised PFR Towarzystwo Funduszy Inwestycyjnych S.A. ("PFR TFI") on the acquisition of stake in Luka Rijeka d.d., the operator of one of the largest ports on the Adriatic, from the OT Logistics S.A., a leading port operator in Poland. This transaction is the result of a cooperation agreement concluded in April 2016 between OT Logistics S.A. and Foreign Expansion Fund, Closed-End Investment Fund of Non-Public Assets ("FEZ FIZAN"), managed by PFR TFI.
Dentons has advised Zenium Germany GmbH (“Zenium”), the German subsidiary of data center operator Zenium Technology Partners Limited, on the sale of its data center division to American real estate investment trust CyrusOne. This transaction will strengthen CyrusOne’s presence in London and Frankfurt, the two largest data center markets in Europe. The selling price was €442 million and the closing is scheduled for the first quarter of 2018.
Ashurst LLP advised EQT Real Estate on the refinancing of the Smart Parcs building, located in Courbevoie.
As a reminder, the initial acquisition by EQT Real Estate took place in August 2016.
This transaction was completed late December 2017.
In the latest of a series of Lloyd's and London market broker deals, the RPC team has advised Citynet, the Lloyd's of London broker, and the selling shareholders, on the deal announced in December with Carlyle-backed PIB Group.
The RPC team was led by James Mee, Head of Corporate Insurance and Financial Services, and David Wallis, Partner in the private equity team specialising in financial services transactions.
Shearman & Sterling advised the private placement agent, Goldman Sachs, on Travelodge’s private placement of an additional £30 million of its senior secured floating rate notes due 2023 issued by TVL Finance, an affiliate of Travelodge Hotels, pursuant to an indenture dated April 28, 2017. The proceeds of the private placement of the notes, together with cash on hand, were used to redeem certain existing indebtedness and pay transaction-related fees and expenses.