IBM and Lenovo announced a definitive agreement in which Lenovo plans to acquire IBM’s x86 server business for a purchase price of approximately US$2.3 billion, approximately two billion of which will be paid in cash and the balance in Lenovo stock. Cravath represented IBM in connection with this transaction. The x86 server business includes System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations.

White & Case LLP has advised Nestlé Waters on the sale of the French water brand Plancoet to the Société des Eaux Minérales d'Ogeu (SEMO).

White & Case also advised Nestlé Waters on its sales during July 2013 of Société Anonyme des Eaux Minérales de Ribeauvillé to Spadel and Source du Val Saint Lambert to SEMO.

The White & Case team in Paris on the recent transaction was led by partners Hugues Mathez and Nathalie Nègre-Eveillard with support from associate Sophie Nguyen.

International law firm Olswang has acted for London-based fund management company Benson Elliot on the sale of 1-8 The Broadway in Ealing to Pramerica Real Estate Investors, the European arm of the US real estate investment and advisory business of Prudential Financial, Inc. The sale price was £37.4 million.

Norton Rose Fulbright has advised Commerz Real on the £125 million sale of One Snow Hill, a prime office building in Birmingham, to a fund managed by Union Investment, the German asset manager.

Norton Rose Fulbright’s real estate team advised Commerz Real, part of the Commerzbank Group and a long term client of the practice, on all aspects of the sale.

WilmerHale represented Thermo Fisher Scientific in a transaction with GE Healthcare. Thermo Fisher has agreed to sell its cell culture (sera and media), gene modulation and magnetic beads businesses to GE Healthcare for approximately $1.06 billion. The businesses will become part of GE Healthcare's Life Sciences division.

Watson, Farley & Williams has advised PNE WIND AG (“PNE”) on the sale of the Calau IIA wind farm in Brandenburg, Germany, as well as on the financing of nine onshore wind farm projects in Lower Saxony and Brandenburg with a total financing volume of €192.8 million.

PNE sold the Calau IIA wind farm to the Hamburg-based holding company CEE. WFW advised PNE on contract negotiations, which were successfully completed by the end of 2013.

Dentons has successfully advised K/S VindInvest Cottbuser See, a Danish company, in connection with the sale of the interest in a German wind park company to funds managed by Allianz Capital Partners. The wind park is situated near Cottbus and comprises twelve turbines (Vestas V90) with a total rated power of 24 MW, commissioned in 2005/6. The parties agreed to keep the purchase price confidential.

Davis Polk advised Shire plc in connection with the divestiture of its DERMAGRAFT assets to Organogenesis Inc. The DERMAGRAFT assets comprise the key operating assets relating to the development, manufacture and sale of the DERMAGRAFT product.

rwin Mitchell’s real estate team has advised Prestbury on the sale of a portfolio of care homes formerly operated by care home operator Southern Cross.
 

Simmons & Simmons has MTN Group Limited (MTN) on the sale of mobile network towers by its subsidiaries, MTN Rwandacell Limited (MTN Rwanda) and MTN Zambia Limited (MTN Zambia), to IHS Holding (IHS).