Vintage Engineering Public Company Limited (VTE: Bangkok) is a Thai-listed company with integrated businesses in power and utilities development across Thailand and internationally. The firm assisted with the issuance and allocation of 50,000,000 newly-issued ordinary shares to offer for sale in a private placement under the Securities and Exchange Act to Macquarie Bank Limited and the offering for sale of 141,604,288 newly-issued ordinary shares in a rights offering to the existing shareholders by means of a General Mandate in aggregate value of THB 333 million (US$9.5 million).

Law firm Stephenson Harwood LLP has advised Covanta Holding Corporation (Covanta) on a strategic partnership, structured as a 50:50 joint venture, with Green Investment Group (GIG), a subsidiary of Macquarie Group Limited. The partnership will develop, fund and own energy-from-waste (EfW) projects in Ireland and the UK.

Orrick has advised OptAsia Healthcare, a Hong Kong-based healthcare technology firm, on its joint venture with Redwood City, CA-based Soleno Thera-peutics (NASDAQ:SLNO) and its subsidiary Capnia for the development and commercialization of Capnia’s innovative Sensalyze technology platform, which includes the CoSense End-Tidal Carbon Monoxide monitor that assists in the detection of excessive hemolysis in newborn infants.

Willkie represents Brookfield in the transaction, expected to close in the third quarter of 2018.

On January 4, Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) announced that it has entered into an agreement to acquire 100% of Westinghouse Electric Company, a leading global provider of infrastructure services to the power generation industry, currently owned by Toshiba Corp.

De Brauw has advised Bosal Nederland on the sale of Tow Bars Division to TowerBrook Capital Partners (UK).

Client name
Bosal Nederland B.V.

Other parties involved
TowerBrook Capital Partners (UK)

Nature of transaction
On 31 December 2017, Bosal Group and TowerBrook reached agreement for the sale of Bosal's international Tow Bars Division which produces and supplies tow bars, bike carriers, wind stops and roof-racks to OEM/OES customers and aftermarket distributors.

Value of transaction

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.

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.

Global law firm 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.

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.

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.