Julius Tallberg-Kiinteistöt bought Coriant Oy’s real estates at the address Sinimäentie 6 and Sinikalliontie 7 in Espoo. The total area of the buildings located on the real estates is about 31,000 m2. The buildings are in office, laboratory and storage use. Coriant Oy will remain a tenant in the other property under a long-term lease agreement.
Dechert LLP advised FCPR AGIPI Innovation, represented by its management company Equitis, in connection with the acquisition of 9.62% of the share capital of Emova Group (previously Monceau Fleurs), which represents 9.56% of the voting rights. This investment was made through an off-market purchase of shares from Emova Holding.
Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented Chinese private equity investor CDH Investments (“CDH”) in its US$900 million sale of shares in WH Group. WH Group is the owner of the world’s largest pork producer and processor Smithfield Foods Inc. The deal is the second largest block trade in Asia ex-Japan so far this year.
Advised by King & Wood Mallesons (KWM), Otsuka Pharmaceutical Co., Ltd. (Otsuka) completed the transfer of shares in a listed company in China in August 2016. In this project, Giant Harvest Limited (GHL), Otsuka’s wholly-owned subsidiary incorporated in British Virgin Islands, transferred all of its shares in VV Food & Beverage Co., Ltd. (stock code: 600300, "VV”) via share transfer by agreement for a consideration of RMB1,488,960,000. The transferees were two assets management plans set up respectively by Founder Securities Co., Ltd.
King & Wood Mallesons (KWM) has advised the Spanish Private Equity firm Artá Capital on the structuring and first closing of its second private equity fund, Artá Deyá II, with commitments of €300 million. The final closing is expected in the next few months.
Of the capital raised, 50% was committed from Corporación Financiera Alba (Grupo March). Institutional investors and family offices have provided the remaining 50%.
Lundin Petroleum has acquired Statoil’s 15 percent interest in the Edvard Grieg field in production area PL338, offshore Norway, and all associated interests including a nine percent interest in the Edvard Grieg oil pipeline and a six percent interest in the Utsira High gas pipeline. In consideration for the acquisition of the assets, Lundin Petroleum has issued to Statoil 27,580,806 new shares of Lundin Petroleum. In addition, Lundin Petroleum has transferred 2,000,000 shares held in treasury and issued 1,735,309 new shares to Statoil in exchange for a cash consideration.
King & Wood Mallesons has advised Quadrant Private Equity on the acquisition of Ardent Leisure’s gym business for $260 million. The business includes brands such as Goodlife Health Clubs and Hypoxi.
Goodlife is one of Australia’s largest gym networks, with 76 locations and a membership base that’s over 200,000 strong.
Simpson Thacher is representing entities affiliated with The Blackstone Group L.P. (“Blackstone”) in connection with its announced equity investment in JDA Software Group, Inc. (“JDA”). JDA’s current majority shareholder, affiliates of New Mountain Capital LLC (“NMC”), will participate in the equity investment, too. The new equity investment is expected to be completed by early fourth quarter 2016, pending customary closing conditions.
The Firm acted as counsel to KKR in connection with the sale by KKR International Flooring 2 S.à r.l. of an aggregate of 3,500,000 shares in Tarkett S.A. (“Tarkett”). The sale represented approximately 5.5% of Tarkett’s issued share capital.
Tarkett is a French company listed on Euronext Paris, and is a provider of flooring and sports surface solutions.
The Simpson Thacher team included Alvaro Membrillera, Till Lefranc and Spencer Patton (Corporate – London).
The exercise and fitness service Lifesum take in 10 MUSD, approx. 85 MSEK to finance their global expansion. The investment is partly from their exsisting owners Bauer Media and Sparklabs as well as from venture capitalists Nokia Growth Partner and Draper Esprit.
Setterwalls' team consisted of Marcus Nivinger, Samuel Skybrand and Fanny Cukierman.