Vishal Mega Mart is India’s leading fashion-led hypermarket with over 600 stores across the country. The IPO was reported to have garnered significant interest from investors and was oversubscribed 27.28 times. The IPO valued Vishal Mega Mart at US$4 billion.

Manoj Bhargava led the Sidley team, which included managing associate Harekrishna J. Ashar, associate Edward Lee, and legal assistant Sanketh Hareesh Kumar, with support from partners Yuet Ming Tham, Nicholas R. Brown, Carla G. Teodoro, Daniel A. O’Shea, and Robert M. Kreitman; managing associate Alvin Wang; and associates Abdullah Shah, Michael H. Sliskovich, and Dhanush Dinesh.

The firm’s market leadership in India-related matters has been widely recognized, with Sidley being named as a “Top Foreign Law Firm” for work in India by the India Business Law Journal in 2024 for the seventh year running. Sidley has continued to advise on innovative, “market first” equity offerings in 2024, including of FirstCry, Sagility, Medi Assist Healthcare, Vodafone Idea, and Afcons Infrastructure.

Sidley was also named “Securities Firm of the Year” at Law.com International’s Asia Legal Awards 2024, underscoring the firm’s preeminence in securities offerings.

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Accordia Golf and its subsidiaries constitute the largest golf course operator group in Japan, owning and operating 173 golf courses as of 30 November 2024. Heiwa combines this with its own 148 golf courses, making it not only the largest golf course management company in Japan with a total of 321 courses, but the largest in the world in terms of the number of golf courses owned (according to YH Research Inc.).

The transaction was led by Kiyoshi Endo, a partner in the Baker McKenzie Tokyo Corporate / M&A Group. Kiyoshi was supported by a team from the group made up of counsel Masao Tozaki and Hiroyuki Kitamura, associates Takatoshi Kashiwara and Lisa Nagao.

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These investments mark some of the largest growth capital transactions in the current European video gaming industry. Aonic intends to use the additional capital to accelerate investments in its games portfolio and M&A.

Aonic is a diversified video gaming and technology group. Since its formation in 2021, Aonic has grown to 12 companies across Europe and North America operating globally in game development, publishing and related services with an LTM revenue as of Q3 2024 of EUR151 million.

The DLA Piper team was led by partners Andreas Füchsel (Private Equity/M&A, Frankfurt) and Edward Griffiths (Private Equity, London) with senior associate Philipp Meyer Reichen (Private Equity/M&A, Frankfurt) in the core team. Also involved were partner Dr Nico Brunotte (IT, Hamburg), counsel Tatiana Marzoli and associate Damian Merks (both Private Equity/M&A, Frankfurt).

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The two acquisitions will enable Lutech Group to further strengthen its presence in the Spanish market. Lutech will be able to develop significant synergies with its Italian team, expand SAP expertise, offer even more integrated and innovative solutions to its customers and attract talent.

DLA Piper’s multijurisdictional team was led by partner Christian Iannaccone. The firm’s Italian team included lawyers Federico Roviglio and Giorgia Grande and Elena Wang. They coordinated all steps of the transaction and helped negotiate and draft contracts related to the deal.

For the Spanish law aspects a team comprising partner Joaquin Echanove Orbea and attorneys Luis Borrero Zorita and Jorge Rahona Toledo advise

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Rodoverken, with locations in Sweden and Poland, is renowned for its expertise in the manufacturing and assembly of heat accumulator tanks. This acquisition strengthens Bilfinger’s position in the European thermal energy storage market, a growing sector that plays a critical role in advancing energy efficiency and sustainability. The deal will expand Bilfinger’s product portfolio in response to increasing demand for energy transition technologies across Europe.

DLA Piper’s team for the transaction included:

• Germany (client relationship team): Partner Dr Benjamin Parameswaran and Counsel Dr Christoph Dachner
• Sweden: Partner Petter Kjöllerström and Associate Amanda Thörnblom
• Denmark: Partner Michael Klöcker
• Poland: Partner Piotr Miller

The core team was supported by their respective teams across these jurisdictions.

The transaction highlights the strategic value of Rodoverken’s strong mechanical capabilities and geographical coverage, which complement Bilfinger’s extensive experience from various heat storage and distribution projects. This deal exemplifies DLA Piper’s global reach and seamless ability to manage complex, multi-jurisdictional acquisitions, offering full-service legal support tailored to our clients’ strategic objectives. The closing is subject to competition authority approval and expected to take place in the first quarter of 2025.

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These transactions will see SPC expand from being the largest local producer of fruit, tomatoes, baked beans and spaghetti in Australia, to a market-leading agribusinesses with significant scale and a diversified product offering including chilled fruit juices and drinks, and a range of infant, child and adult nutritional powdered milk products.

DLA Piper corporate partners David Ryan and Kelly Morrison, along with finance partner Hugo Thistlewood, tax partner Eddie Ahn as well as teams in Singapore and Hong Kong, supported SPC with the transaction.

“The expansion into diversified product offerings in juices and dairy products provides SPC with multiple new channels to drive business growth and unlock the potential for possible further acquisitions,” said David.

“With a storied place in Australia’s food history since its inception in 1917, these transactions will ensure SPC continues to be one of Australia’s most iconic agribusinesses. We were delighted to support them as they embark on their next phase of growth,” said Kelly.

DLA Piper’s global presence, with more than 11,000 colleagues in over 40 countries, provides clients with integrated solutions to their business needs around the world, wherever they do business. For the 14th consecutive year, DLA Piper was the highest-ranked legal advisor in the world for M&A by deal volume, according to Mergermarket’s league tables. We advise leading consumer goods, food and beverage, and retail and fashion companies, many of the largest in their industries, helping them create commercial opportunities to protect and grow their brands.

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The DigiCo REIT includes three US-based data centers: a US$712 million data center under construction in Chicago, IL, which is fully leased to a leading global hyperscale customer and was sold by a joint venture between Prologis and Skybox Data Centers; a US$98 million existing data center in Richardson, TX; and a US$150 million existing data center in Olathe, KS, both of which are fully to leased to a high investment grade North American financial institution;

“The demand for digital infrastructure continues to increase alongside the dynamic advancements in high-performance computing and modern technology. It was an honor working with HMC Capital and combining our extensive real estate industry experience and capabilities to bring these data center deals together,” said Michael Rechtin, the DLA Piper partner who led the deal team. “On behalf of the DLA Piper team, we send our congratulations to HMC Capital.”

In addition to Rechtin (Chicago), the DLA Piper team included partners Kaila Sergent (Los Angeles), Brian Fielden (Atlanta) and Andrew Cooper (Washington, DC); of counsels Nia M. Brown (Washington, DC) and Scott Josephson (Chicago); and associates Chrisdo Fan (Los Angeles) and Chris Henry (Washington, DC).

With approximately 200 real estate lawyers in the US and 500 globally, DLA Piper’s market-leading Real Estate practice offers a full range of real estate services, including acquisitions and sales, single asset, programmatic and operating company joint ventures, real estate fund formation, public and private REITs, financing, zoning and development, construction and design, leasing and restructuring and workouts. The firm executes hundreds of transactions every year, ranging from billon-dollar-plus transactions to the acquisition, financing, joint venture formation, leasing and sale of individual properties.

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CPP, which is developing the Crucea Est wind farm, is 60% owned by Electrica. It was designated among the winners in the inaugural round of the auction for its onshore wind power generation project, with an allocated installed capacity of 54.0 MW, at a price of €77.3250/MWh.

Dentons provided comprehensive legal guidance throughout the entire auction process. Partner and Head of the Energy department in Romania, Claudiu Munteanu-Jipescu, led the team, assisted by counsel Elena Vlasceanu and senior associate Angelica Pintilie.

Claudiu Munteanu-Jipescu commented: “We are honored to have assisted Electrica in this landmark and innovative project, pivotal not only for our client but also for advancing renewable energy in Romania. This success underscores our commitment to facilitating the energy transition and highlights our deep sectoral expertise in energy projects.”

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This strategic investment, led by INVENIO Partners and which is subject to customary conditions precedent, marks a significant milestone in the history of 5 to go. The group has recently expanded its reach to over 600 locations and is now entering a transformative phase of accelerated growth. This partnership aims to drive 5 to go’s international expansion into key markets in South-East Europe and other countries with significant Romanian diasporas such as Spain, France, Germany and the UK. It will also solidify 5 to go’s presence in Romania, where its network already spans over 130 cities and 300 franchises.

Counsel Kamran Pirani and partner Rob Irving, co-head of Dentons’ Corporate and M&A group in Europe (both Budapest) led Dentons’ cross-jurisdictional team, with the support of partner Loredana Chitu (Bucharest). The wider team included partners Tamsyn Mileham, Raul Mihu and Perry Zizzi, counsel Argentina Hincu-Rafail and Doru Postelnicu, senior associates Simona Moisa and Stefi Ionescu, associates Alin Roca, Iulia Titirisca and Alin Dimache, paralegals Bogdan Galatanu and Stefan Sundere in Bucharest, as well as senior associate Sebastian Ishiguro, associates Brigitta Kovács and Aliz Wulcz, and trainee Abbey Varns in Budapest.

“It’s been an absolute pleasure to support INVENIO in this landmark transaction, which is set to redefine the landscape of the coffee shop market in Eastern Europe”, said Rob Irving, Co-Head of the Europe Corporate Group.

“Radu Savopol (founder) and his team have succeeded in building an icon of contemporary Romanian retail. The INVENIO team is excited at the prospect of supporting them in realizing their vision to make 5 to go a European leader in coffee chains,” said Elvin Guri, INVENIO Partners.

“Our role in this pioneering transaction underscores Dentons’ ability to deliver strategic outcomes for our clients”, added Kamran Pirani, counsel in the Corporate and M&A and Private Equity groups in Dentons’ Budapest office.

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