Paris; Global legal practice Norton Rose Fulbright has advised Impax Asset Management Ltd (Impax) on the disposal of two wind farms located in France of a total capacity of 22 MW to the leading Swiss energy group Axpo.
Impax focuses on a small number of deeply researched global equity strategies across alternative energy, energy efficiency, water, waste, food and agriculture related markets.
Davis Polk is advising MMX Mineração e Metálicos S.A. in connection with the sale of a 65% interest in MMX Porto Sudeste Ltda. to indirect subsidiaries of Trafigura Pte. Ltd. and Mubadala Development Company PJSC. MMX Porto owns an iron ore handling port terminal located at the City of Itaguaí, State of Rio de Janeiro, with an initial handling capacity of 50 million annual tons. Trafigura and Mubadala will indirectly make an investment of US$400 million and assume R$1.3 billion (US$596 million) of debt of MMX Mineração.
Davis Polk is advising Chemtura Corporation on its $315 million sale of its consumer products business, including dedicated manufacturing plants in the U.S. and South Africa, to KIK Custom Products, Inc. The transaction, which is subject to regulatory approvals and other customary closing conditions, is not expected to close prior to December 31, 2013.
Clifford Chance advised a fund company of Conren Land on the sale of the "Astraturm" building in Hamburg. Deka Immobilien GmbH acquired the property for its "Domus-Deutschland" fund.
The 68-metre high "Astraturm" is one of the tallest buildings in Hamburg. It is located in the St. Pauli district of the city and offers around 11,000 m² of office space.
The Firm represented PPL Montana, LLC, based in Montana, a subsidiary of PPL Corporation, in an agreement to sell its hydroelectric facilities to NorthWestern Corporation for $900 million.
PPL Corporation, with 2012 revenue of more than $12 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom, owns more than 18,000 megawatts of generating capacity in the United States and sells energy in key U.S. markets.
Global legal practice Norton Rose Fulbright has advised CA Immo Deutschland GmbH and CA Immo Frankfurt Tower 185 Beteiligungs GmbH on the successful finalisation of an agreement to sell part of Frankfurt’s landmark office building “Tower 185“. Two German pension institutions are each to acquire one-third of the Frankfurt office property which has a market value of around € 500m. Contracts were signed on September 30, 2013.
Clifford Chance advised Europa Capital, London, on the sale of the shopping centre Forum Steglitz at Berlin Schloßstraße. The property was purchased by the fund BGV V which in turn was managed by Real I.S., Munich.
The commercial property comprising 32,000 square meters is almost fully let. The lessees are inter alia H&M, Innova, Lidl, Rossmann and Schuhhaus Reno.
Pinsent Masons has advised London Array, a joint venture between DONG Energy, E.ON and Masdar, on the £459 million disposal of the offshore wind farm’s transmission assets to Blue Transmission London Array Limited – a consortium comprising Barclays Infrastructure Funds Management Limited and Diamond UK Transmission Corporation (a wholly owned subsidiary of Mitsubishi Corporation) – advised by Macquarie Capital.
Slaughter and May, working as an integrated team with law firms in 18 jurisdictions, including European Best Friends Bredin Prat, Hengeler Mueller and Bonelli Erede Pappalardo, advised GlaxoSmithKline (GSK), supporting GSK’s in-house legal team on an agreement for the sale of its thrombosis brands, Arixtra and Fraxiparine, and the related Notre-Dame de Bondeville (NDB) manufacturing site in France to the Aspen Group (Aspen) for £0.7 billion in cash. Aspen is Africa’s largest pharmaceutical manufacturer, and a long-term partner of GSK.
Versa Capital Management, LLC (Versa) announced today that portfolio company and defense contractor Allen-Vanguard has sold two of its operating units to Safariland Group (Safariland), a global provider of law enforcement and security products. Allen-Vanguard, acquired by affiliates of Versa in December 2009, is a global leader in providing customized solutions for defeating terrorist and extremist threats. Dechert LLP served as lead counsel to Versa Capital and Allen-Vanguard in the transaction, while Houlihan Lokey served as financial advisor.