Advising on best practice for communicating R&D progress to the public and to investors

Simmons & Simmons has advised the UK BioIndustry Association, the trade association for the British bioscience industry, alongside financial communications firms Consilium Strategic Communications and Instinctif Partners, on a new best practice guide for communicating Research & Development (R&D) progress to the public and to investors.

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.

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.

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.

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.

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.

Shearman & Sterling advised the private placement agent, Goldman Sachs, on Travelodge’s private placement of an additional £30 million of its senior secured floating rate notes due 2023 issued by TVL Finance, an affiliate of Travelodge Hotels, pursuant to an indenture dated April 28, 2017. The proceeds of the private placement of the notes, together with cash on hand, were used to redeem certain existing indebtedness and pay transaction-related fees and expenses.

Global law firm White & Case LLP has advised Blue Horizon Partners and Blue Horizon Advisors (together "Blue Horizon") on the recent establishment of Blue Horizon Investors, a strategic real estate investment group; Blue Horizon Opportunities LP, a private venture capital fund; and Blue Horizon Pi Partners LP, a private equity fund.

CMS Cameron McKenna Nabarro Olswang in Kyiv is pleased to announce that it has advised SD Capital on the English and Ukrainian law aspects of a joint venture transaction which brings P&O Maritime (owned by DP World Group - one of the worlds’ largest port operators) to Ukraine for the first time. As part of the transaction, P&O acquired control over the Ukrainian harbour towage company LB Shipping. The joint venture will provide towage services in Ukraine’s Black Sea port of Yuzhnyi.

Baker McKenzie FenXun Joint Operation Office ("Baker McKenzie FenXun" or the "Joint Operation") recently assisted Shui On Land Limited ("Shui On Land") with the sale of a 49.5% interest in one of its commercial real estate portfolios in Shanghai for approximately RMB 3.87 billion to further its strategic partnership with the China Life Group.