Category: Europe Legal Chronicle

Hogan Lovells has advised Ares in relation to the unitranche facilities provided to BC Partners for the acquisition of a majority stake in Synthon International Holding B.V., a global market leader in the development of complex Generics, from its parent company Synthon Holding B.V. BC Partners will partner with Synthon’s founder Dr. Jacques Lemmens, who […]

DLA Piper has been appointed to advise the ITW (International Telecoms Week) Global Leaders’ Forum (GLF) on the launch of a special purpose vehicle that will develop a live, blockchain-based platform. The purpose of the platform, known as the Communications Blockchain Network (CBN), is to revolutionise the wholesale telecoms sector’s commercial settlement infrastructure. It is […]

Paul, Weiss advised KKR in its acquisition of a 30 percent stake of Sector Alarm, a leading provider of professionally monitored security solutions in Europe. The US-based global investment firm Kohlberg Kravis Roberts & Co. L.P. has agreed to acquire a 30% stake in Sector Alarm Holding AS, a provider of alarm systems and security […]

Hogan Lovells advised Commerzbank AG on the payment of a share dividend and a rights issue in connection thereto by Vonovia SE. The shareholders’ meeting of Vonovia SE resolved on 16 Mai 2019 a dividend payment of EUR 1.44 per share. The shareholders were given the choice to receive the dividend either in cash or […]

Simpson Thacher represented the initial purchasers, led by BofA Securities, Inc., in connection with the offering of $500 million aggregate principal amount of 8% Senior Notes due 2027 by Michaels Stores, Inc. (“Michaels”). The net proceeds of the offering, with cash on hand, will be used to redeem Michaels’s outstanding 5.875% Senior Subordinated Notes due […]

Milbank LLP advised SAZKA Group on its all cash, unconditional offer to acquire Greece’s OPAP. The offer values the entire share capital of OPAP in excess of €3.1 billion. The offer period will commence upon publication of SAZKA’s Group offer document later this month and is expected to close during Q3 2019. The offer represents […]

Hogan Lovells has provided legal assistance and acted as transaction counsel in relation to an Italian securitisation deal of auto loans originated by Mercedes-Benz Financial Services Italia S.p.A., having a nominal value of approximately €560 million and involving the issue of two classes of asset-backed notes (Class A Notes and Class B Notes) by the […]

Hogan Lovells advised the HR Group on the sale of a hotel portfolio consisting of three hotels in Augsburg, Erfurt and Dortmund to Swedish Pandox AB, a leading owner of hotel real estate in Northern Europe. The transaction value amounts to approximately to 103 million Euros. The HR Group, a large German hotel operator, will […]

DLA Piper has advised Rolls-Royce plc on the acquisition of Siemens’ electric and hybrid-electric aerospace propulsion activities, eAircraft. The acquisition will accelerate the delivery of Rolls-Royce’s electrification strategy and boost its ambition to play a major role in the “third era” of aviation. The completion of the transaction is expected in late 2019, following a […]

DLA Piper has advised VARTA AG on its successfully concluded capital increase for the expansion of production capacities for lithium-ion batteries. A total of 2,221,686 new shares were placed at a price of EUR46.70 per share. Gross proceeds from the capital increase for the Company amount to approximately EUR104 million. The capital increase shall be […]

White & Case LLP has advised Energean Oil & Gas plc on its acquisition of Edison Exploration & Production S.p.A. (Edison E&P) for US$750 million, with additional contingent consideration of US$100 million payable following first gas from the Cassiopea development (expected 2022), offshore Italy. The funding of the initial consideration came through US$265 million equity […]