Ashurst advised PT Trans Media Corpora as borrower in connection with a financing transaction. PT Trans Media Corpora owns leading television, cable and online networks including Trans TV, Trans 7, Trans Vision, Detik and CNN Indonesia.  The Borrower is a part of the PT CT Corpora group.

PT CT Corpora ("CT Corp") is a rapidly growing, diversified Indonesian-based corporate group which is active in financial services, media, lifestyle, entertainment and natural resources and has strongly-positioned companies across various sectors and markets in Indonesia.

Clifford Chance advised Tele2 on its agreement with Deutsche Telekom to combine Tele2 Netherlands and T-Mobile Netherlands. Tele2 will hold a 25% share in the combined company and receive a cash payment of EUR 190 million upon closing. Based on current numbers, the company will have around 5 million mobile pre- and post-paid customers, combined revenues of around EUR 2 billion. The establishment of the combined company is subject to regulatory approval by the relevant competition authorities. The transaction is therefore expected to close in the second half of 2018.

Global law firm Dentons has advised investment management firms CR Holding GmbH and Värde Partners on the successful sale of six retail parks to Cologne-based REWE Group. The retail parks are part of the Saturn-Portfolio and are located in the western and southern part of Germany. Through this transaction, leading German food retailer REWE Group plans to increase its rate of store ownership.

Global law firm Dentons advised funds managed by Cross Equity Partners on the acquisition of all shares of WDM Wolfshagener Draht- und Metallverarbeitung sold by DG Drahtgitter Holding. Through this transaction a holding company will be formed, in which WDM’s management will co-invest. The parties agreed to keep the purchase price confidential.

Squire Patton Boggs’ Intellectual Property & Technology Practice secured another major victory for its client Process Components Limited (PCL) in the Court of Appeal on 14 December 2017.

Watson Farley & Williams (“WFW“) advised Liacon GmbH (“Liacon”), a German company developing and producing high performance energy storage systems, on a €3m convertible bond issued in order to raise financing for their future development.

King & Wood Mallesons (KWM) advised Comsys Financial Leasing (Comsys) on its acquisition and finance leasing of an A380 aircraft to Mauritius-based operating lessor, Veling Group (Veling), with a 12 year operating lease attached to Emirates. Comsys financed its acquisition of the aircraft with a secured loan from a PRC policy bank.

The KWM team was lead drafting counsel on the finance leasing transaction as well as on the secured loan transaction.

King & Wood Mallesons (KWM) acted for all financiers, including as Australian counsel for the USPP noteholders, to the Netflow consortium – comprising Cintra, Plenary, WBHO Infrastructure, Amey and Broadspectrum – on the Victorian Government’s A$1.8 billion Western Roads Upgrade project.

New York Stock Exchange listed Dover Corporation acquires Ettlinger Kunststoffmaschinen GmbH and its affiliated entities in Germany and in the US. Ettlinger will become part of Dover’s Swiss business unit Maag Pump & Filtration Systems. Taylor Wessing has been advising the owners as seller in this transaction. Ettlinger manufactures and distributes filtering solutions for the plastics industry and plastics recycling industry as well as injection molding machinery.

De Brauw has advised Deutsche Telekom on the acquisition of Tele2 Netherlands by T-Mobile Netherlands.

Client name
Deutsche Telekom.

Other parties involved
Tele2 Netherlands, T-Mobile Netherlands, Tele2 Sverige.

Nature of transaction
Acquisition of Tele2 Netherlands by T-Mobile Netherlands in exchange for EUR 190 million in cash and a stake of 25% in the combined business.

Value of transaction
Undisclosed but more than EUR 5 million.

Date deal
15 December 2017.

De Brauw involvement