A team of energy sector experts from Burges Salmon have advised Battery Energy Storage Solutions Ltd (BESS) on a deal to secure £28.5 million of debt funding from Santander Corporate and Commercial.
Ashurst advised Aberdeen Asset Management Deutschland AG (Aberdeen) on the acquisition of the residential project "Wohnen im Brühl" in the German city of Erfurt. Seller of the project which will offer 50 apartments and 60 underground parking spaces on Bonemilchstraße in Erfurt’s Brühlervorstadt district is the Erfurt-based Dr. Ullrich Real Estate GmbH who will also take care of leasing the units adding up to about 4,650 square metres. Dr. Ullrich Real Estate GmbH wants to start construction this summer. Completion is scheduled for Q3 of 2020.
Taylor Wessing has advised Inflexion Private Equity on its buyout of Alston Elliot, the data-driven live sports broadcast graphics solutions provider. The capital investment will allow Alston Elliot to continue its expansion into new markets, and Inflexion will leverage its in-house digital expertise to help Alston Elliot build out valuable new innovations for its customers.
Taylor Wessing partner James Goold, who led on the transaction with support from senior associate Suzy Penney and associate Jerome Kennedy said:
King & Wood Mallesons advised Thing On Enterprise Limited (Thing On, Stock Code 2292) as its Hong Kong counsel on its global offering and initial public offering (IPO) on the Main Board of the Hong Kong Stock Exchange.
The IPO comprised an issue of a total of 180 million shares being priced at HK$1.24 per share, raising gross proceeds of approximately HK$223 million (before the exercise of the over-allotment option).
On 5 January, SCPG Commercial Real Estate Co., Ltd. (“SCPG”) announced that SCPG, China Vanke Co., Ltd (“Vanke”) and Triwater Asset Management Holdings Limited (“Triwater”), through their respective wholly-owned subsidiaries, have reached an agreement with CapitaLand Mall Asia Limited (“CMA”), a wholly owned subsidiary of CapitaLand Limited (“CapitaLand”), to jointly acquire 100% equity and take over corresponding loans of 20 shopping malls at the price of RMB 8.365 billion.
Clifford Chance advised Shell, Diamond Generating Europe (a subsidiary of Mitsubishi Corporation) and Eneco as sellers on the sale of a 45% stake in the 731.5 MW Dutch offshore wind farm project Borssele III/IV to funds managed and/or advised by Partners Group, a global private markets investment manager, constituting half of each seller's current stake in the project. Upon completion of the transaction, Partners Group will become the largest shareholder in the current consortium of investors consisting of Shell, Diamond Generating Europe, Eneco Group and Van Oord.
DLA Piper announced today that it counseled a private development team affiliated with Civic Health Development Group (CHDG) in the acquisition, through long-term ground leases, of the Old Cook County Hospital on Chicago's West Side.
The 99-year leases became effective December 31, 2017. They commit the developer to finalizing development and construction plans for the historic building into a combination of residential, retail and office space, through its first phase of redevelopment, with the goal of beginning restoration work in summer 2018.
Baker McKenzie acted for Afterpay Touch Group on its AUD$20 million placement of shares and convertible notes to strategic investor - Matrix Partners. The funds will be used partly to scope market entry for the Afterpay product in the United States.
Ropes & Gray advised Nanjing, China-based Simcere Pharmaceutical Group in a strategic collaboration with Netherlands-based Merus to obtain an exclusive license to develop and commercialize in China three bispecific antibodies using Merus’ Biclonics technology platform in immunooncology.
Mayer Brown JSM represented Principal Financial Group (NASDAQ:PFG), one of Southeast Asia’s largest asset managers, in its proposed acquisition of controlling stakes in CIMB-Principal Asset Management Group and CIMB-Principal Islamic Asset Management from its joint venture partner CIMB Group Holdings Berhad (KLSE:1023), pending regulatory approval.