TLT has helped German-headquartered Novoferm Europe Limited expand its operations with the acquisition of UK-based Bolton Gate Services Limited.
Novoferm – the European subsidiary of Tokyo-listed Sanwa Shutter Corporation and one of Europe's largest suppliers of entrance solutions – has acquired 100% of Bolton Gate Services – a leading provider of 24/7 door and shutter maintenance and repair services across the UK.
Watson Farley & Williams (“WFW“) has advised Omoove, a fully-owned subsidiary of Octo Telematics (“Octo”), on the launch of its innovative online platform Sharemine.
Sharemine facilitates the creation and management of online car and ride sharing mobile communities. With this new project, Octo aims to help customers save on car ownership and rising insurance costs, and use telematics technology to make roads safer and more environmentally friendly.
Watson Farley & Williams (“WFW”) advised Dutch investor Maas Capital Renewables, part of ABN AMRO Private Equity, on the circa €38m refinancing of its solar portfolio comprising of six ground-mounted photovoltaic plants.
The plants, with a total installed capacity of 15.6 MWp, are located in the Molise, Puglia and Lazio regions of Italy.
Clifford Chance Moscow team has advised a syndicate of banks on the EUR150 million Russian law syndicated facility for PJSC Chelyabinsk Pipe plant (ChelPipe), the leading Russian manufacturer of tubular goods and the provider of integrated solutions for fuel and energy companies.
The deal was closed as a four-year unsecured facility. Raiffeisenbank, Commerzbank, UniCredit, Rosbank, ICBC and Agricultural Bank of China Limited acted as Mandated Lead Arrangers. Raiffeisenbank acted as Documentation Agent and Facility Agent for the Facility.
Leading international law firm Clifford Chance has advised Australian-Chinese developer, owner and operator of renewable power generation assets Maoneng Australia (Maoneng) on its entry into a Power Purchase Agreement (PPA) with the University of New South Wales (UNSW) and on related agreements with Origin, who is providing firming and other services to UNSW.
The PPA relates to the 200 megawatt (MW) Sunraysia Solar Farm, located near Balranald in south-western NSW, owned and developed by Maoneng.
Clifford Chance advised ABN AMRO on its successful restructuring of business divisions ABN AMRO Lease and ABN AMRO Commercial Finance into one division with the name ABN AMRO Asset Based Finance. The restructuring consisted of four mergers, of which two mergers were cross-border mergers, and CC advised on Corporate, Regulatory and Employment matters. The restructuring was successfully completed on 1 January 2018.
Clifford Chance has advised Frasers Property Investments Europe on the acquisition of a logistics facilities package for EUR 257 million. The package comprises six Hermes logistics centres with rental space totalling around 75,500 square metres on a site of about 426,500 square metres. It was sold by German real estate investor ECE Projektmanagement GmbH & Co. KG.
CMS has advised each of Intellectual Property & Software Ltd (IPS), European Domain Management Ltd (EDM) and Rocket 9 Ltd (Rocket 9) on their entry into a business sale agreement with NASDAQ First North Premier listed Swedish mobile gaming company, LeoVegas AB (publ) (LeoVegas).
International law firm CMS has advised London Stock Exchange listed RDI REIT P.L.C. (RDI) on its acquisition of an 80% interest in a portfolio of flexible offices in Central London worth in excess of £161m, from sellers Forum Partners, the Kailong Group and Office Space in Town Limited (OSIT). The portfolio was previously held by two companies based in the Isle of Man.
International law firm CMS has advised technology client, what3words, on the successful investment of a significant stake in the company by German carmaker, Daimler.
what3words is an innovator in addressing technology, providing a system which assigns a three-word address to every 3mx3m square on the planet. Daimler have previously worked closely with what3words in integrating the technology with Mercedes’ satellite navigation systems, allowing drivers to navigate to any destination using a unique, three-word combination.