Deals Archives - Legal Desire Media and Insights https://legaldesire.com/category/deals/ Latest Legal Industry News and Insights Tue, 08 Apr 2025 04:08:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.8 https://legaldesire.com/wp-content/uploads/2018/11/cropped-cropped-cropped-favicon-1-32x32.jpg Deals Archives - Legal Desire Media and Insights https://legaldesire.com/category/deals/ 32 32 Freshfields Advises Leggett & Platt on Sale of its Aerospace Products Group to Tinicum https://legaldesire.com/freshfields-advises-leggett-platt-on-sale-of-its-aerospace-products-group-to-tinicum/ Tue, 08 Apr 2025 04:08:48 +0000 https://legaldesire.com/?p=87861 Leggett & Platt has signed an agreement to sell its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated for a cash purchase price of $285 million before customary working capital and debt-type adjustments. The transaction is expected to close in 2025 as soon as all closing conditions are met, including necessary regulatory approvals. […]

The post Freshfields Advises Leggett & Platt on Sale of its Aerospace Products Group to Tinicum appeared first on Legal Desire Media and Insights.

]]>
Leggett & Platt has signed an agreement to sell its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated for a cash purchase price of $285 million before customary working capital and debt-type adjustments. The transaction is expected to close in 2025 as soon as all closing conditions are met, including necessary regulatory approvals. The after-tax cash proceeds are expected to be approximately $240 million.

The Aerospace Products Group is a supplier of complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms and space launch vehicles. The business is comprised of seven manufacturing facilities located in the U.S., UK, and France and approximately 700 employees with net trade sales of $190 million in 2024.

This divestiture is part of the ongoing strategic business review, aimed at determining which businesses are the right long-term fit for the company.

2025 full year guidance excluding the Aerospace Products Group will be issued after the transaction closes.

Lazard is serving as exclusive financial advisor and Freshfields is serving as legal advisor to Leggett & Platt in this transaction.

The post Freshfields Advises Leggett & Platt on Sale of its Aerospace Products Group to Tinicum appeared first on Legal Desire Media and Insights.

]]>
Freshfields Advises ServiceNow in Acquisition of Logik.ai’s AI-powered CPQ Solution https://legaldesire.com/freshfields-advises-servicenow-in-acquisition-of-logik-ais-ai-powered-cpq-solution/ Tue, 08 Apr 2025 04:08:48 +0000 https://legaldesire.com/?p=87864 Freshfields advised ServiceNow, the AI platform for business transformation, in a definitive agreement to acquire Logik.ai, an industry leader with a modern, AI-powered, and composable Configure, Price, Quote (CPQ) solution. Logik.ai’s technology will accelerate ServiceNow’s CRM footprint and momentum in Sales and Order Management.

The post Freshfields Advises ServiceNow in Acquisition of Logik.ai’s AI-powered CPQ Solution appeared first on Legal Desire Media and Insights.

]]>
Freshfields advised ServiceNow, the AI platform for business transformation, in a definitive agreement to acquire Logik.ai, an industry leader with a modern, AI-powered, and composable Configure, Price, Quote (CPQ) solution. Logik.ai’s technology will accelerate ServiceNow’s CRM footprint and momentum in Sales and Order Management.

The post Freshfields Advises ServiceNow in Acquisition of Logik.ai’s AI-powered CPQ Solution appeared first on Legal Desire Media and Insights.

]]>
Freshfields advises Permira on exit from P&I https://legaldesire.com/freshfields-advises-permira-on-exit-from-pi/ Tue, 08 Apr 2025 04:08:48 +0000 https://legaldesire.com/?p=87867 Global law firm Freshfields has advised global private equity firm Permira on the sale of its remaining minority interest in a leading DACH provider of cloud-based HR software solutions Personal & Informatik AG (P&I) to co-shareholder Hg. The transaction marks Permira’s full exit from P&I. The deal values the business at around €5.5bn.

The post Freshfields advises Permira on exit from P&I appeared first on Legal Desire Media and Insights.

]]>
Global law firm Freshfields has advised global private equity firm Permira on the sale of its remaining minority interest in a leading DACH provider of cloud-based HR software solutions Personal & Informatik AG (P&I) to co-shareholder Hg. The transaction marks Permira’s full exit from P&I. The deal values the business at around €5.5bn.

The post Freshfields advises Permira on exit from P&I appeared first on Legal Desire Media and Insights.

]]>
DLA Piper advises WTS Stiftung in connection with EQT’s investment in WTS https://legaldesire.com/dla-piper-advises-wts-stiftung-in-connection-with-eqts-investment-in-wts-2/ Tue, 08 Apr 2025 04:08:47 +0000 https://legaldesire.com/?p=87892 DLA Piper has advised WTS Stiftung für Altersversorgung (WTS Foundation) as sole shareholder of WTS Group AG in connection with the long-term strategic partnership between WTS Group and the Swedish private equity firm EQT. The EQT X Fund joins WTS as anchor investor with the aim to significantly accelerate the growth of WTS. DLA Piper […]

The post DLA Piper advises WTS Stiftung in connection with EQT’s investment in WTS appeared first on Legal Desire Media and Insights.

]]>
DLA Piper has advised WTS Stiftung für Altersversorgung (WTS Foundation) as sole shareholder of WTS Group AG in connection with the long-term strategic partnership between WTS Group and the Swedish private equity firm EQT. The EQT X Fund joins WTS as anchor investor with the aim to significantly accelerate the growth of WTS.

DLA Piper advised the foundation and its bodies on the legal review of the transaction structure from a corporate law and compliance perspective. In this regard, a team from the law firm supported the preparation and implementation of the board decisions. The closing of the transaction is subject to customary regulatory approvals and is expected to take place in the summer of 2025.

Founded in Munich in 2000, WTS is today one of the leading independent players in the attractive tax advisory industry, with 14 locations in Germany, over 1,500 employees and an annual revenue of around EUR250 million.

DLA Piper team was co-led by partners Dr Emanuel H. F. Ballo (Compliance, Frankfurt) and Dr Moritz von Hesberg (Corporate/M&A, Hamburg), and included partner Dr Nils Krause (Corporate/M&A, Hamburg), senior associate Robert Fischer-Sonnberg (Corporate/M&A, Hamburg) as well as associates Dr Gregor Schott (Compliance, Frankfurt) and Melanie Bierwirth (Corporate/M&A, Hamburg).

The post DLA Piper advises WTS Stiftung in connection with EQT’s investment in WTS appeared first on Legal Desire Media and Insights.

]]>
Herbert Smith Freehills advises WH Smith PLC on £200 million USPP issuance https://legaldesire.com/herbert-smith-freehills-advises-wh-smith-plc-on-200-million-uspp-issuance/ Tue, 08 Apr 2025 04:08:47 +0000 https://legaldesire.com/?p=87879 Leading international law firm Herbert Smith Freehills has advised WH Smith PLC (WHSmith) on the successful completion of a £200 million issue of US Private Placement (USPP) notes, marking the company’s debut in the USPP market. WHSmith is a leading global travel retailer with over 1,200 stores across the globe, primarily in airports. The USPP […]

The post Herbert Smith Freehills advises WH Smith PLC on £200 million USPP issuance appeared first on Legal Desire Media and Insights.

]]>
Leading international law firm Herbert Smith Freehills has advised WH Smith PLC (WHSmith) on the successful completion of a £200 million issue of US Private Placement (USPP) notes, marking the company’s debut in the USPP market.

WHSmith is a leading global travel retailer with over 1,200 stores across the globe, primarily in airports.

The USPP notes have varying maturities and were issued on investment-grade terms. The deal is unique as it includes longer periods of delayed closings, which is rare in the USPP market.

The post Herbert Smith Freehills advises WH Smith PLC on £200 million USPP issuance appeared first on Legal Desire Media and Insights.

]]>
Clifford Chance advises China Merchants Bank and Natixis on US$155 million NAV Facilities for ACE Investment Fund II LP https://legaldesire.com/clifford-chance-advises-china-merchants-bank-and-natixis-on-us155-million-nav-facilities-for-ace-investment-fund-ii-lp/ Tue, 08 Apr 2025 04:08:47 +0000 https://legaldesire.com/?p=87886 Global law firm Clifford Chance has advised China Merchants Bank Co. Ltd., Luxembourg Branch and Natixis, Hong Kong Branch as arrangers and China Merchants Bank Co. Ltd, Luxembourg Branch as agent and security agent in connection with US$155 million NAV Facilities for ACE Investment Fund II LP, a renewable energy-focused alternative investment fund. Commenting on […]

The post Clifford Chance advises China Merchants Bank and Natixis on US$155 million NAV Facilities for ACE Investment Fund II LP appeared first on Legal Desire Media and Insights.

]]>
Global law firm Clifford Chance has advised China Merchants Bank Co. Ltd., Luxembourg Branch and Natixis, Hong Kong Branch as arrangers and China Merchants Bank Co. Ltd, Luxembourg Branch as agent and security agent in connection with US$155 million NAV Facilities for ACE Investment Fund II LP, a renewable energy-focused alternative investment fund.

Commenting on the transaction, partner Vicky Ma said, “We are pleased to continue supporting China Merchants Bank and Natixis on their innovative and complex cross-border financing transactions, particularly in the clean energy sector.”

Martin Wurth, partner in Clifford Chance’s Luxembourg office, added, “NAV financing has become an important tool for funds seeking to refinance existing portfolios. We are delighted to see Luxembourg-based lenders play an increasingly active role in this evolving market.”

Vicky led a cross-jurisdiction team consisting of senior advisor Yi Wang (Luxembourg), counsel Chengcheng Wu (Beijing), associate Partick Lam (Hong Kong) and trainee solicitor Thomas So (Hong Kong), supported by partner Martin Wurth (Luxembourg) and associate Tjasa Langerholc (Luxembourg).

Clifford Chance regularly advises clients on market-leading energy transition-related transactions, including cross-border financing and investments in renewable energy and infrastructure projects.

The post Clifford Chance advises China Merchants Bank and Natixis on US$155 million NAV Facilities for ACE Investment Fund II LP appeared first on Legal Desire Media and Insights.

]]>
Clifford Chance advised AMAVI Capital on its investment in HolaCamp https://legaldesire.com/clifford-chance-advised-amavi-capital-on-its-investment-in-holacamp-2/ Tue, 08 Apr 2025 04:08:47 +0000 https://legaldesire.com/?p=87888 Clifford Chance advised AMAVI Capital, a leading pan-European PropTech investment fund, on its €10m growth investment in HolaCamp, a Spanish-based tech-enabled operator in the outdoor hospitality sector. The investment is part of AMAVI Capital’s strategy to invest in the growth of real estate operating platforms. The Clifford Chance team consisted of partner Patrice Viaene and […]

The post Clifford Chance advised AMAVI Capital on its investment in HolaCamp appeared first on Legal Desire Media and Insights.

]]>
Clifford Chance advised AMAVI Capital, a leading pan-European PropTech investment fund, on its €10m growth investment in HolaCamp, a Spanish-based tech-enabled operator in the outdoor hospitality sector.

The investment is part of AMAVI Capital’s strategy to invest in the growth of real estate operating platforms.

The Clifford Chance team consisted of partner Patrice Viaene and associate Gillis Waelkens in Brussels, and associates Andreína Velásquez, María Rodrigo and Maria Barragan in Madrid.

The post Clifford Chance advised AMAVI Capital on its investment in HolaCamp appeared first on Legal Desire Media and Insights.

]]>
Clifford Chance advises JP Morgan Asset Management on behalf of an institutional investor on the 400,000 sq. ft. development and prelet of 65 Gresham Street to Squarepoint https://legaldesire.com/clifford-chance-advises-jp-morgan-asset-management-on-behalf-of-an-institutional-investor-on-the-400000-sq-ft-development-and-prelet-of-65-gresham-street-to-squarepoint/ Tue, 08 Apr 2025 04:08:47 +0000 https://legaldesire.com/?p=87890 Global law firm Clifford Chance advised JP Morgan Asset Management on behalf of an institutional investor on the 400,000 sq. ft. development and prelet of 65 Gresham Street to global investment management firm, Squarepoint. This landmark transaction is the largest prelet in the City of London since 2023. 65 Gresham Street will upon completion be […]

The post Clifford Chance advises JP Morgan Asset Management on behalf of an institutional investor on the 400,000 sq. ft. development and prelet of 65 Gresham Street to Squarepoint appeared first on Legal Desire Media and Insights.

]]>
Global law firm Clifford Chance advised JP Morgan Asset Management on behalf of an institutional investor on the 400,000 sq. ft. development and prelet of 65 Gresham Street to global investment management firm, Squarepoint. This landmark transaction is the largest prelet in the City of London since 2023.

65 Gresham Street will upon completion be one of the largest brown-to-green redevelopment projects in the City of London, avoiding demolition through large-scale reuse and regeneration. The building will be fully electric and will target a 66% whole life carbon reduction and operational carbon at 12% lower than the 2022 GLA criteria. The redevelopment will add four new floors and 26,000 sq. ft. of roof terraces, with 360° views of the City of London landmarks, and best-in-class end-of-trip facilities.

Our multi-disciplinary team was led by Real Estate partner Angela Kearns, with support from Senior Associates Ben Redding, Angela Shepherd, Alex Pennington and Katie Kempthorne, and Associates Lucy Johnson and Daniel Stamford. Property Litigation advice was provided by Director of Property Litigation Ben Hatton and Associate Jordan Gulwell. Tax support was provided by Partner David Saleh, VAT Director Simon Corzberg, Senior Associate Viktoria Parkhomenko and Associate Ross Windell.

The post Clifford Chance advises JP Morgan Asset Management on behalf of an institutional investor on the 400,000 sq. ft. development and prelet of 65 Gresham Street to Squarepoint appeared first on Legal Desire Media and Insights.

]]>
DLA Piper advises Harrison Street and 1547 Critical Systems Realty on acquisition of Hawaii Data Center DRFortress https://legaldesire.com/dla-piper-advises-harrison-street-and-1547-critical-systems-realty-on-acquisition-of-hawaii-data-center-drfortress/ Tue, 08 Apr 2025 04:08:46 +0000 https://legaldesire.com/?p=87896 DLA Piper advised Harrison Street, an investment management firm focused on alternative real assets, and fifteenfortyseven Critical Systems Realty (1547), a developer and operator of data centers, in their acquisition of DRFortress, Hawaii’s largest carrier-neutral data center, from GI Partners. The strategic acquisition expands Harrison Street and 1547’s digital infrastructure platform across the Pacific and […]

The post DLA Piper advises Harrison Street and 1547 Critical Systems Realty on acquisition of Hawaii Data Center DRFortress appeared first on Legal Desire Media and Insights.

]]>
DLA Piper advised Harrison Street, an investment management firm focused on alternative real assets, and fifteenfortyseven Critical Systems Realty (1547), a developer and operator of data centers, in their acquisition of DRFortress, Hawaii’s largest carrier-neutral data center, from GI Partners.

The strategic acquisition expands Harrison Street and 1547’s digital infrastructure platform across the Pacific and reinforces DRFortress’s position as interconnective hub. Based in Honolulu, DRFortress operates the state’s largest data center, with over 800 racks and the highest concentration of IP carriers and networks in Hawaii.

“This deal will shape connectivity in the Pacific. It was a privilege to advise Harrison Street and 1547 on this transaction, leveraging our firm’s deep real estate and data center experience” said Michael Rechtin, the DLA Piper partner who led the real estate deal team. “This acquisition reflects the growing demand for robust, scalable, and strategically located digital infrastructure. We’re proud to support our clients in their pursuit of expanding access.”

In addition to Rechtin (Chicago), Brian Wolhberg (Chicago) led DLA Piper’s corporate deal team. Other members of the deal team included of counsels David Charles (Chicago) and Nia Brown (Washington, DC), attorney Kalisa Kennedy (Chicago); and associates Arnold MacEbong (Los Angeles), Emily Becker, Matt Hilowitz, and Darius Callum (all in Chicago), Michael Myers (Los Angeles), and Huntington Domine (Palo Alto).

The post DLA Piper advises Harrison Street and 1547 Critical Systems Realty on acquisition of Hawaii Data Center DRFortress appeared first on Legal Desire Media and Insights.

]]>
DLA Piper advises Mesa Air Group in its business combination with Republic Airways https://legaldesire.com/dla-piper-advises-mesa-air-group-in-its-business-combination-with-republic-airways/ Tue, 08 Apr 2025 04:08:46 +0000 https://legaldesire.com/?p=87898 DLA Piper advised Mesa Air Group Inc. (Mesa Group), in entering into a definitive agreement with Republic Airways Holdings, Inc. (Republic Airways) to merge and create a leading publicly-traded regional airline company in an all-stock transaction. Upon closing, the combined company will be renamed Republic Airways Holdings Inc. and is expected to remain NASDAQ-listed under […]

The post DLA Piper advises Mesa Air Group in its business combination with Republic Airways appeared first on Legal Desire Media and Insights.

]]>
DLA Piper advised Mesa Air Group Inc. (Mesa Group), in entering into a definitive agreement with Republic Airways Holdings, Inc. (Republic Airways) to merge and create a leading publicly-traded regional airline company in an all-stock transaction.

Upon closing, the combined company will be renamed Republic Airways Holdings Inc. and is expected to remain NASDAQ-listed under the new ticker symbol “RJET”.

“It was a pleasure to advise Mesa Air Group on this momentous business combination, which will allow Mesa to continue its mission of connecting communities across the country and strengthen and improve its capabilities,” said Greg Hall, the DLA Piper partner who led the deal team.

In addition to Hall (Phoenix), the DLA Piper team included partners Keith Ranta and Rita Patel (Washington, DC) and associates Vincent Schiavoni and Zachary Silva (both in Phoenix).

The post DLA Piper advises Mesa Air Group in its business combination with Republic Airways appeared first on Legal Desire Media and Insights.

]]>