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Dentons advises Societe Generale and HSBC on €215 million of investment facilities to Generator Hostels

16 Jan 2018

Dentons has advised Societe Generale, London Branch and HSBC Bank plc on €215 million of investment facilities to Generator Hostels, which is owned by the private equity real estate fund manager Queensgate Investments. Generator Hostels are designed to combine affordable luxury rooms with unique social events for travellers and locals of the cities in which they currently operate across Europe and the US.

DLA Piper advises Bewi on acquisition in Finland

16 Jan 2018

DLA Piper has advised BEWi, one of the leading players in the Nordics for the development and production of insulation products and customized packaging solutions made from cellular plastic, EPS, on its acquisition of Ruukin EPS, a Finnish manufacturer of insulation material.

This transaction provides BEWi a stronger geographical presence in Finland and enables it to offer insulation material and packaging solutions in expanded polystyrene (EPS) as it does in the rest of the Nordics.

Eversheds Sutherland advises Bridges-backed Viva Gym on its acquisition of Fitness Hut to create Iberian low-cost market leader

16 Jan 2018

Eversheds Sutherland has advised Viva Gym (Viva), a leading Spanish low-cost gym business, on its acquisition of Fitness Hut, the leading Portuguese low-cost gym business.

The deal was led by specialist sustainable and impact investor Bridges Fund Management (Bridges). It will create the biggest low-cost fitness group in the Iberian region, with 200,000 members across 48 sites, combined revenues of over €50m, and ambitious growth plans for the next few years.

Eversheds Sutherland acts for KPMG on the c. £400 million sale and leaseback of its London headquarters in Canary Wharf

16 Jan 2018

Eversheds Sutherland has advised longstanding client KPMG on completing the sale and leaseback of its headquarters at 15 Canada Square, Canary Wharf, to Kingboard Investments of Hong Kong for c.£400m.

Following an open tender, Eversheds Sutherland was instructed by KPMG to advise on all legal aspects of this particularly complex, top-flight transaction. 

The Eversheds Sutherland team was led by Partner and Head of London Real Estate Bruce Dear, working with Partner Nef Jones, Senior Associate Jonathan Woodward and Associate Natasha O’Neill.

Eversheds Sutherland advises Raisio on divestment of its confectionery business

16 Jan 2018

Eversheds Sutherland has advised Raisio plc (Raisio) on the divestment of its confectionery business to Valeo Foods Ltd (Valeo Foods) at an enterprise value of EUR 100 million.

Raisio’s divested confectionery business includes six production plants in the UK and Czech Republic. Its best-known brands include Fox's Glacier, Just, XXX, Poppets and Pedro. The divestment will allow Raisio to focus on brands that enhance well-being.

Shearman & Sterling Advises Shareholders on Sale of MeinAuto GmbH

16 Jan 2018

Shearman & Sterling advised the previous shareholders of MeinAuto GmbH, including Holtzbrinck Ventures GmbH, Global Founders Capital GmbH & Co., Beteiligungs KG Nr. 1, Vorwerk Direct Selling Ventures GmbH and Herrn Nicolas Leutwiler, on the sale of their shares to the U.K. investment firm HgCapital.

The online platform MeinAuto.de is Germany’s leading online website for new car sales. MeinAuto, founded in 2007, is headquartered in Cologne, Germany. The company has over 16 million visitors per year and is connected to more than 9,000 car dealers.

Shearman & Sterling Advises Underwriters on LexinFintech’s US$124.2 Million Initial Public Offering and Listing on the NASDAQ Global Market

16 Jan 2018

Shearman & Sterling advised Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, China Renaissance and ICBCI as underwriters on the US$124.2 million initial public offering by LexinFintech Holdings Ltd. (LexinFintech) of 13.8 million American depositary shares (ADSs), which include 1.8 million ADSs sold pursuant to a full exercise of the underwriter’s over-allotment exercise, and the listing on the NASDAQ Global Market. LexinFintech is a leading online consumer finance platform in China.

Shearman & Sterling Advises Underwriters on LexinFintech’s US$124.2 Million Initial Public Offering and Listing on the NASDAQ Global Market

16 Jan 2018

Shearman & Sterling advised Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, China Renaissance and ICBCI as underwriters on the US$124.2 million initial public offering by LexinFintech Holdings Ltd. (LexinFintech) of 13.8 million American depositary shares (ADSs), which include 1.8 million ADSs sold pursuant to a full exercise of the underwriter’s over-allotment exercise, and the listing on the NASDAQ Global Market. LexinFintech is a leading online consumer finance platform in China.