The Hong Kong and Moscow offices of Debevoise & Plimpton LLP have advised the Russia China Investment Fund (RCIF) in its investment in TutorGroup.
The investment was made as part of an approximately $200 million Series C equity financing by TutorGroup, which also involved new investors GIC (Singapore’s sovereign fund), Goldman Sachs, and Silverlink Capital LP, as well as existing investor Temasek.
On October 29, 2015, BlackFin Capital Partners, a French private equity firm dedicated to financial services, and the New Access Group, a leading provider of private banking software in the areas of electronic document management, banking relationship management and portfolio management, with offices in Geneva and Singapore announced that BlackFin Capital Partners has realized a significant equity investment in the New Access Group in order to support its future development.
GetYourGuide, the leading online marketplace for travel activities, announced a USD 50 million financing round led by KKR. The company’s existing investors Spark Capital, Highland Capital Partners and Sunstone, as well as new investors such as Nokia Growth Partners, will join KKR in its investment.
KKR, a leading global investment firm, has signed an investment and share purchase agreement together with GetYourGuide's current investors as well as new investors to acquire a minority stake in GetYourGuide AG amounting to USD 50m. GetYourGuide is the world's largest online platform for tours, activities and attractions and offers over 28,800 activities in more than 2,500 destinations.
KKR, a leading global investment firm, announced an investment in Get Your Guide. A consortium led by KKR acquired a minority stake in the company amounting to US$50m. Get Your Guide, a leading online booking platform for travel activities all across the world, was founded in 2009 in Switzerland and is now head-quartered in Berlin.
National law firm Shoosmiths has advised the management team of 23.5 Degrees on the equity investment by Connection Capital and bank loan facilities from Royal Bank of Scotland totalling £15.3 million to fund the acquisition of 16 new Starbucks stores.
23.5 Degrees Limited is Starbucks' first franchisee globally. The company has been allocated a developmental territory including Oxfordshire, Berkshire, Surrey, Hampshire, Wiltshire, Cambridgeshire, Norfolk, Hertfordshire, Essex and Dorset as well as 23 boroughs within the Greater London area.
Reial Club Deportiu Espanyol's majority shareholders, Dani Sánchez Llibre and Ramon Condal, signed an agreement with Chinese electronic gaming conglomerate, Rastar Group, to sell 45.1% of its share capital. The share price closed at €78.
The transaction also includes the option to buy an additional share package of 5% and the provision of personal guarantees by the shareholders through the financial entities of the club's syndicated loan.
King & Wood Mallesons have advised The Stage Shoreditch LLP, a joint-venture established in May this year between Cain Hoy Enterprises, McCourt Global, Galliard Homes and Investec Structured Property Finance, on the subscription of a 21% holding by Chinese real estate developer Vanke in The Stage, a £750 million mixed use development in Shoreditch.
Osborne Clarke has advised IPV, a Cambridge-based firm at the centre of a global multi-media content revolution, on its £2.5m investment by private equity specialist Calculus Capital.
IPV, a media technology business that provides multi-media content management systems to leading broadcasters and businesses around the world, will use Calculus’s investment to fund its continuing global expansion.
The Osborne Clarke team that advised on the transaction was led by Associate Director Simon Jones.
Fieldfisher advises French Development Agency on investment into Indian solar energy specialist.
Fieldfisher, led by corporate partner Christine Phillips, has advised Proparco, the French Development Agency, on its further equity investment in Azure Power, one of India’s solar energy specialists. Proparco made an equity investment of €7m to enable Azure Power to reach critical mass and win new competitive bids which could potentially quadruple its production capacity.