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International legal pratice Osborne Clarke has advised the Hamburg-based VAT start-up Taxdoo on a seed financing from (High-Tech Gründerfonds) HTGF

08 Jan 2018

International legal pratice Osborne Clarke has advised the Hamburg-based VAT start-up Taxdoo  on a seed financing from (High-Tech Gründerfonds) HTGF.

Taxdoo has devised a system that automatically collects data from marketplaces, online shops and ERP systems and processes it in line with international VAT regulations. This information is then submitted to the respective financial authorities through an international network of VAT experts. The data can then be transferred seamlessly into financial accounting systems.

Osborne Clarke advises Highland Capital partners on a loan up to EUR 25 million for eGym

08 Jan 2018

International legal practice has advised Highland Capital Partners as investor in eGym which has been granted a loan of up to EUR 25 million by the European Investment Bank (EIB). The financing is being provided by the European Fund for Strategic Investments.

Munich-based eGym develops state-of-the-art concepts for fitness studios and health-related facilities. The company supplies more than 1,000 gyms in Germany and other European countries with its equipment and intelligent apps.

Major capital restructure for global mineral extraction group

08 Jan 2018

International mineral exploration and development group, Uranium Resources plc, has announced its intention to dispose of its existing operations, restructure its share capital and raise further investment to allow it to pursue further acquisition opportunities.

Supported by advisers at Shakespeare Martineau, the deal, restructuring its share capital, involved raising a large investment from a number of parties and the disposal of the company’s overseas assets.

WFW advises Credito Valtellinese on wind plant financing

08 Jan 2018

Watson Farley & Williams (“WFW“) has advised Credito Valtellinese S.p.A. (“Credito Valtellinese”), on €2.3m financing of a 3.3 MW wind plant located in the Basilicata region in southern Italy. A key aim of the financing is a renovation of the plant to improve its energy efficiency.

The plant is owned by an SPV of Fri-El Group, one of Italy’s leading green energy companies and active in the wind sector since 2002.

KWM assists in establishing Victoria’s first Social Impact Bond

08 Jan 2018

King & Wood Mallesons (KWM) has advised the Victorian Government on the development of its first Social Impact Bond (SIB) to finance an innovative new program to help disadvantaged Victorians break the cycle of chronic homelessness.

Upon implementation, the SIB will support Sacred Heart Mission’s ‘Journey to Social Inclusion’ program, which aims to provide individuals sleeping rough with rapid access to permanent housing, as well as to improve their general health, wellbeing and social participation.

Kirkland Advises Consortium on Investment Partnership with Pure Group

08 Jan 2018

Kirkland & Ellis advised a consortium comprised of funds affiliated with FountainVest Partners and Ontario Teachers’ Pension Plan on its investment partnership with the Pure Group (Pure).

Pure is Asia’s leading premium lifestyle brand that includes Pure Yoga, MyPureYoga.com, Pure Fitness, Pure Apparel and nood food which provides a wide variety of yoga and meditation classes and private yoga programs. Founded in 2002, Pure serves around 80,000 customers with more than 1,900 employees across centres in Hong Kong, Shanghai, Singapore, Taipei and New York.

Leading Philippine IPPs Sponsor $434M Project Expansion to Double Generating Capacity of Supercritical Coal-Fired Power Plant

08 Jan 2018

Milbank, Tweed, Hadley & McCloy LLP advised Abotiz Power, Ayala Corporation’s AC Energy Holdings Co. and Power Partners as sponsors in connection with GNPower Dinginin Ltd. Co.’s US$1.7 billion supercritical coal-fired power plant project in Bataan Province in the Philippines. Milbank represented the project in the first 668 MW unit closing in September 2016, and the project will now be expanded to include a second 668 MW unit.