Fried Frank acted as German counsel to funds managed by BlueBay Asset Management, one of Europe's largest specialist asset managers, as lender, in connection with a €77.5 million term loan facilities agreement for Naxicap's acquisition of Teufel, a leading European direct-to-consumer online brand for audio solutions, primarily active in German speaking countries. Naxicap is one of France's leading private equity companies operating in all sectors and focusing on leverage buyouts and growth capital.
 

NEW YORK – Allen & Overy represented WillScot Corporation (the “Company”) with respect to its entry into a definitive agreement to acquire Modular Space Holdings, Inc. (“MS Holdings”), the parent holding company of Modular Space Corporation (d/b/a “ModSpace”), for an enterprise value of approximately $1.15 billion. Allen & Overy is also representing the Company in connection with the financing required to consummate the acquisition.

London—Dentons has advised RA International Group PLC, the construction services provider, on its successful initial public offering (IPO) and admission to London's AIM Market. The company was admitted to AIM today with a market capitalisation of £97.2 million, and the offering raised gross proceeds of £18.8 million.

Sidley has advised A-Living Services Co. Ltd. (SEHK: 3319) (A-Living Services), the property management subsidiary of leading Chinese developer Agile Group Holdings Limited, in connection with its initial public offering (IPO) with the offer size of HK$4.1 billion (approximately US$525.5 million) on the Main Board of the Stock Exchange of Hong Kong Limited. Upon the IPO, the market capitalization of A-Living Services was over HK$16 billion.

Shakespeare Martineau has advised Asset Solutions Group on its management buyout to LDC.

LDC has backed the management buyout of the Kent-based retail and financial support services provider, investing £13m in the business.

Following the management buyout, Asset Solutions Group will trade as Retail & Asset Solutions and Vehicle & Asset Solutions in the UK and Retail & Vehicle Solutions in Ireland.

Dentons' Real Estate team advised international real estate developer HB Reavis on its successful sale of the Metronom Business Center in Prague to CS nemovitostni fond managed by REICO investicni spolecnost Ceske sporitelny for CZK 2,3 billion. The sale marks the largest office property transaction closed on the Czech market so far this year.

The French fund company Sofidy has acquired offices in Bonn for its real estate fund Efimmo1. The international law firm Clifford Chance has again advised Sofidy on this transaction.

The office complex acquired by Sofidy is conveniently located in the centre of Bonn and has an area of around 14,300 square metres and more than 400 parking lots for long-term tenants Deutsche Post, Bundesanstalt für Immobilienaufgaben (BIMA) and BMW.

Herbert Smith Freehills has advised Allianz Real Estate, the global real estate investment and asset manager of Allianz group, on the creation of a market leading student accommodation real estate joint venture in London with Greystar Real Estate Partners, the global rental housing leader, and Public Sector Pension Investment Board (PSPIB), one of Canada's largest pension investment managers. This is Allianz`s first direct equity investment into the real estate sector in the UK.