Dusseldorf, Baker & McKenzie advised RWE and E.ON on their joint sale of their minority stakes in the Luxembourg utility Enovos.

RWE and E.ON are joint shareholder of Enovos International S.A. 18.4% and 10% respectively. On December 22, 2015 RWE and E.ON signed an agreement to jointly sell their shareholding in the Luxembourg utility Enovos International S.A. to a consortium led by the Grand Duchy of Luxembourg and Ardian, an independent private investment company.

King & Wood Mallesons has advised Brookfield on the sale of approximately half its share in the iconic Southern Cross Towers complex in Melbourne.

The deal saw Brookfield Prime Property Fund and Brookfield Australia Property Trust together sell a 50% stake in Southern Cross East for $457 million, and Brookfield Prime Property Fund sell a 50% stake in Southern Cross West for $218 million.

The KWM team was led by Partner, Felicity Savage, supported by solicitor, Michelle Tat. Partner, Ken Astridge and Senior Associate, Natalie Goodacre led the financing.

Kirkland & Ellis International LLP advises the founder and CEO of Canyon Bicycles GmbH, Roman Arnold, on the sale of a minority interest in Canyon Bicycles to TSG Consumer Partners. This is one of the few transactions in Germany where a minority interest of a midmarket company is being sold to an investor. The value of the transaction, which is expected to close in the first half of 2016, is confidential.

Teams from law firms Herbert Smith Freehills and Walker Morris have advised Premier League football club, Crystal Palace FC, on a deal to secure major investment with US businessmen, Josh Harris and David Blitzer.

Josh Harris, David Blitzer and the current chairman Steve Parish will take control of the club in a general partnership structure. They will be joined by a number of other investors that will include the current CPFC2010 shareholders Stephen Browett, Jeremy Hosking and Martin Long who will all retain a substantial shareholding.

Davis Polk is advising The People’s Insurance Company (Group) of China Limited on the acquisition, through its subsidiary PICC Property and Casualty Company Limited (“PICC P&C”), of approximately 19.99% of the total issued shares of Hua Xia Bank, a commercial bank listed on the Shanghai Stock Exchange, from affiliates of Deutsche Bank for an aggregate consideration of up to RMB25.7 billion.

Kungsleden divests its remaining holdings in Nordic Modular Group, approximately 34.5 per cent of the shares of the company, to Inter IKEA Investments with a sales price equal to a valuation of the entire company of SEK 1.45 billion. The transaction is subject to approval by the Swedish Competition Authority and is expected to close no later than 31 January 2016.

Vinge has advised Fidelio Capital in connection with Nordic Capital’s acquisition of the majority of the shares in the Greenfood group (“Greenfood”), a leading supplier on the attractive market for healthy foods (fruit, vegetables and salads) in the Nordic region.  Greenfood has a turnover of SEK 3.9 billion, approximately 700 employees and its head office is situated in Helsingborg. Greenfood is currently owned by its senior officers, management group and the Swedish family-owned investment company Fidelio Capital.

Arendt & Medernach assisted Industrial and Commercial Bank of China (Europe) S.A. (“ICBC (Europe)”) regarding the process leading to the approval of the creation of the ICBC Credit Suisse S&P China 500 Index Fund within ICBC (Europe)’s proprietary UCITS SICAV umbrella.

Castres &Snellman advised Finnish Industry Investment and Finda in their significant investments, made together with a fund managed by Taaleritehdas, in Rauma Marine Constructions (RMC), a pioneer in arctic shipbuilding. The total value of the investments is EUR 19 million. RMC’s strengthened position is yet another indication of the recovery of the Finnish shipbuilding industry and allows RMC to carry out major shipbuilding projects.

China's largest foodstuff company acquires remaining 49% stake in agricultural platform

Clifford Chance has advised COFCO International Limited on its acquisition of the remaining 49% stake in global agricultural trading and processing platform Noble Agri Limited from Singapore-listed Noble Group. The firm also advised COFCO on its acquisition of the initial 51% stake in 2014 for US$1.5 billion.