Deals Archives - Legal Desire Media and Insights https://legaldesire.com/category/deals/ Latest Legal Industry News and Insights Tue, 06 May 2025 14:37:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 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 Mayer Brown advises Munich Re Life US on strategic partnership with MIB to expand access to electronic medical data and develop advanced data analytics https://legaldesire.com/mayer-brown-advises-munich-re-life-us-on-strategic-partnership-with-mib-to-expand-access-to-electronic-medical-data-and-develop-advanced-data-analytics/ Tue, 06 May 2025 14:37:51 +0000 https://legaldesire.com/?p=88343 Mayer Brown is advising Munich Re Life US, part of Munich Re Group and a leader in risk assessment and reinsurance, on its strategic partnership with MIB, the life insurance industry’s most trusted and secure partner for data-driven insights and digital services. As part of this initiative, MIB is acquiring Clareto, a leading life insurance […]

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Mayer Brown is advising Munich Re Life US, part of Munich Re Group and a leader in risk assessment and reinsurance, on its strategic partnership with MIB, the life insurance industry’s most trusted and secure partner for data-driven insights and digital services. As part of this initiative, MIB is acquiring Clareto, a leading life insurance industry source of electronic health records, from Munich Re Life US.

With MIB and Munich Re Life US sharing an alignment of strategic interests and inherent complementary capabilities, the partnership will leverage both companies’ collective knowledge to broadly serve the industry through producing thought leadership content and developing new analytic capabilities that expand automation and innovation around electronic medical data.

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Herbert Smith Freehills advises ad hoc noteholder group on the financial restructuring of InfraBuild’s 14.5000% Senior Secured Notes https://legaldesire.com/herbert-smith-freehills-advises-ad-hoc-noteholder-group-on-the-financial-restructuring-of-infrabuilds-14-5000-senior-secured-notes/ Tue, 06 May 2025 14:37:37 +0000 https://legaldesire.com/?p=88361 Herbert Smith Freehills has acted as Australian counsel to the ad hoc group of noteholders on the restructuring of InfraBuild Australia Pty Ltd’s (the Issuer’s) US$550m, 14.5000% Senior Secured Notes, and the issuance of an additional US$150m, 14.5000% Senior Secured Notes (collectively, the Notes). The Issuer, together with its parent Liberty InfraBuild Ltd (InfraBuild) and […]

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Herbert Smith Freehills has acted as Australian counsel to the ad hoc group of noteholders on the restructuring of InfraBuild Australia Pty Ltd’s (the Issuer’s) US$550m, 14.5000% Senior Secured Notes, and the issuance of an additional US$150m, 14.5000% Senior Secured Notes (collectively, the Notes).

The Issuer, together with its parent Liberty InfraBuild Ltd (InfraBuild) and applicable subsidiaries, comprise an Australian-based steel group with significant international presence (InfraBuild Group), and form part of Sanjeev Gupta’s GFG Alliance. As Australia’s only fully integrated electric arc furnace steels producer, InfraBuild Group provides steel that is essential for residential, commercial and major infrastructure developments nationwide.

The restructuring transaction, which was approved by the majority of noteholders and completed on 15 April 2025, resulted in the issuance of an additional US$150m of new Notes by the Issuer. This will facilitate the refinancing of its existing asset-backed term loan facilities and an associated release of funds from escrow, resulting in an improvement to InfraBuild’s free cash position. The transaction also involved the appointment of independent director David Barse to the board of InfraBuild and various amendments to the terms applicable to the Notes.

The US$700m Notes are guaranteed by InfraBuild and other members of the InfraBuild Group, and secured by substantially all of the assets of the InfraBuild Group. Following completion of the refinancing, such security is secured on a first priority basis over substantially all of those assets.

The restructuring provides greater flexibility and liquidity for InfraBuild, and is intended to enable InfraBuild to navigate the current market downturn while investing in growth and innovation, positioning the company as one of Australia’s leading sustainable steel providers and a key partner for the nation’s building, construction, and engineering sectors.

Lead partner Paul Apáthy said, “We have seen a significant increase in Australian restructurings involving loans and bonds governed by New York law and US investors in recent years. This is giving rise to new issues and complexities for Australian corporates and their advisors, who need to be able to navigate both US and Australian frameworks to deliver effective solutions.

“We were pleased to assist the ad hoc noteholder group on the structuring and implementation of this transaction on an accelerated timeline, which provides a sustainable pathway and commercial outcome for both noteholders and InfraBuild.”

The issuance and restructuring of loans and bonds governed by New York law, or involving US investors, are becoming increasingly common in Australia. Although the restructuring of US loans and bonds, including the application of US Chapter 11 processes to restructure Australian companies, is a relatively recent development in the Australian market, Herbert Smith Freehills has significant experience in managing US-Australian cross-border restructuring and distressed situations.

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Herbert Smith Freehills advises Rover on acquisition of Gudog https://legaldesire.com/herbert-smith-freehills-advises-rover-on-acquisition-of-gudog/ Tue, 06 May 2025 14:37:31 +0000 https://legaldesire.com/?p=88364 The London Financial Sponsors practice of leading global law firm Herbert Smith Freehills has advised Rover Group, Inc. (Rover) on the acquisition of Gudog. Founded in 2011 and based in Seattle, Washington, Rover is the world’s largest online marketplace for loving pet care. Rover’s global footprint includes North America (US and Canada) and Europe, including […]

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The London Financial Sponsors practice of leading global law firm Herbert Smith Freehills has advised Rover Group, Inc. (Rover) on the acquisition of Gudog.

Founded in 2011 and based in Seattle, Washington, Rover is the world’s largest online marketplace for loving pet care. Rover’s global footprint includes North America (US and Canada) and Europe, including the UK, France, Spain, Germany, Italy, the Netherlands, Sweden, Norway and now Denmark and Ireland. Rover connects pet parents with pet care providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, and drop-in visits.

Gudog is a European-based dog sitting and walking platform founded in 2015, with a community that spans eight European countries with over one million days of services booked to date, and a network of 20,000 dog sitters and walkers.

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Latham & Watkins Advises on Agree Realty’s US$340.65 Million Forward Common Stock Offering https://legaldesire.com/latham-watkins-advises-on-agree-realtys-us340-65-million-forward-common-stock-offering/ Thu, 01 May 2025 10:31:40 +0000 https://legaldesire.com/?p=88265 Agree Realty Corporation (NYSE: ADC), a publicly traded REIT, has announced the pricing of its public offering of 4,500,000 shares of its common stock at a public offering price of US$75.70 per share in connection with a forward sale agreement. The company also granted the underwriter a 30-day option to purchase up to an additional […]

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Agree Realty Corporation (NYSE: ADC), a publicly traded REIT, has announced the pricing of its public offering of 4,500,000 shares of its common stock at a public offering price of US$75.70 per share in connection with a forward sale agreement. The company also granted the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering closed on April 25, 2025.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Julian Kleindorfer, Lewis Kneib, and Jonathan Sarna, with associates Andrew Bentz, Will Coughlin, and Steve Hess. Advice was also provided on derivatives matters by partner Reza Mojtabaee-Zamani, with associates Jack Neff and Daniel Weiss; and on tax matters by partner Ana O’Brien, with associate Joe Marcus.

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Dentons advises Glasswall on its strategic growth investment from PSG Equity https://legaldesire.com/dentons-advises-glasswall-on-its-strategic-growth-investment-from-psg-equity/ Wed, 30 Apr 2025 12:29:58 +0000 https://legaldesire.com/?p=88269 Dentons has advised Glasswall, an industry-leading provider of intelligent zero-trust file protection solutions in both the business-to-government (B2G), and business-to-business (B2B) sectors, on its strategic growth investment from PSG Equity, a leading growth equity firm that specialises in partnering with software and technology-enabled services companies to drive transformational growth. Glasswall uses its patented Content Disarm […]

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Dentons has advised Glasswall, an industry-leading provider of intelligent zero-trust file protection solutions in both the business-to-government (B2G), and business-to-business (B2B) sectors, on its strategic growth investment from PSG Equity, a leading growth equity firm that specialises in partnering with software and technology-enabled services companies to drive transformational growth.

Glasswall uses its patented Content Disarm and Reconstruction (CDR) technology to help protect organisations by proactively rebuilding files to eliminate risks such as malware and ransomware. Its zero-trust cybersecurity solutions are used by government intelligence, defence, critical infrastructure and financial services clients around the world. With PSG Equity’s support, Glasswall will seek to accelerate innovation, expand its product offering and strengthen its global footprint across B2G and B2B markets.

Steve Roberts, CFO and COO at Glasswall, commented: “The Dentons team’s considerable efforts, guidance and support throughout the deal process were greatly appreciated. We couldn’t have completed this transaction without their expertise.”

Neil Nicholson, UK Corporate partner at Dentons, commented: “It was a pleasure to support the Glasswall team on this transaction. We’re very pleased to have played a key role in facilitating this exciting new chapter for Glasswall and its continued growth.”

The Dentons team advising Glasswall was led by Corporate partners Neil Nicholson and James Vernon, together with Corporate Associate Emer Lynch and Tax partner Lorna McCaa.

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Freshfields advises Bending Spoons on its acquisition of komoot https://legaldesire.com/freshfields-advises-bending-spoons-on-its-acquisition-of-komoot/ Wed, 30 Apr 2025 12:29:33 +0000 https://legaldesire.com/?p=88245 Freshfields has advised the Italian technology company Bending Spoons S.p.A. on its acquisition of komoot GmbH, a German tech platform specialising in outdoor and routing activities. With over 45 million users worldwide, especially in Europe, komoot is particularly popular among hikers, cyclists and trail runners. Bending Spoons has served a billion people across the globe […]

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Freshfields has advised the Italian technology company Bending Spoons S.p.A. on its acquisition of komoot GmbH, a German tech platform specialising in outdoor and routing activities. With over 45 million users worldwide, especially in Europe, komoot is particularly popular among hikers, cyclists and trail runners.

Bending Spoons has served a billion people across the globe through its suite of digital technology businesses, including Brightcove, Evernote, Meetup, Remini, StreamYard, and WeTransfer. Its products are currently used by more than 300 million people each month.

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Freshfields advises Cicor Group on the acquisition of Éolane’s French business activities and sites https://legaldesire.com/freshfields-advises-cicor-group-on-the-acquisition-of-eolanes-french-business-activities-and-sites/ Wed, 30 Apr 2025 12:29:17 +0000 https://legaldesire.com/?p=88274 Global law firm Freshfields advises Cicor Technologies, a leading provider in the French Electronic Manufacturing Services (EMS) market across strategic sectors such as aerospace and defence, industry and healthcare, in relation to the acquisition of significant business activities of the French Éolane Group including its sites in Angers, Combrée, Saint-Agrève, Neuilly-en-Thelle and Douarnenez (France), as […]

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Global law firm Freshfields advises Cicor Technologies, a leading provider in the French Electronic Manufacturing Services (EMS) market across strategic sectors such as aerospace and defence, industry and healthcare, in relation to the acquisition of significant business activities of the French Éolane Group including its sites in Angers, Combrée, Saint-Agrève, Neuilly-en-Thelle and Douarnenez (France), as well as two sites in Berrechid and Témara (Morocco).

This transaction, implemented as part of a pre-negotiated disposal plan (pre-pack) approved by the Paris Commercial Court, saves more than 890 jobs and preserves the recognised expertise of Eolane, a designer and manufacturer of high-tech electronic products, which has been experiencing significant challenges.

The acquisition is also in line with the strategy of Cicor to position Cicor as the pan-European leader in the strategic EMS sector by 2028.

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Latham & Watkins Advises Funds Managed by Apollo on Acquisition and Financing of Pan-European Colocation Data Center Platform https://legaldesire.com/latham-watkins-advises-funds-managed-by-apollo-on-acquisition-and-financing-of-pan-european-colocation-data-center-platform-2/ Wed, 30 Apr 2025 12:28:54 +0000 https://legaldesire.com/?p=88271 Latham & Watkins LLP has advised Apollo-managed infrastructure funds on the acquisition and financing of the European colocation business of STACK Infrastructure from funds managed by Blue Owl Digital Infrastructure Advisors LLC in a carve-out transaction. Further information is available in the Apollo press release. The Latham team was co-led by corporate partners John Guccione and […]

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Latham & Watkins LLP has advised Apollo-managed infrastructure funds on the acquisition and financing of the European colocation business of STACK Infrastructure from funds managed by Blue Owl Digital Infrastructure Advisors LLC in a carve-out transaction. Further information is available in the Apollo press release.

The Latham team was co-led by corporate partners John Guccione and Alexander Stefan Rieger on the acquisition, and finance partner Conrad Andersen on the debt financing. The Latham team also included Frankfurt corporate associates Johannes Groß and Sonja Hensch, and London corporate associates Alice Drayton and Cyrus Fung; London finance partner Michaela Schmiederova, with associates Evan Whyte and Isobel Moffatt. Advice was also provided by Frankfurt corporate partners Otto von Gruben and Christina Mann, and Milan corporate partner Giorgia Lugli, with associate Mattia Siena; and by Milan finance partner Alessia De Coppi, with associates Nicola Dall’Acqua and Nicola Nocerino. Advice was also provided on regulatory matters by Milan partner Cesare Milani, with associate Edoardo Cassinelli; on data protection matters by London associate Komal Shema; and on tax matters by London partner Helen Lethaby, with associates Aaron Bradley and Abigail Abbott.

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Latham & Watkins Advises Funds Managed by Apollo on Acquisition and Financing of Pan-European Colocation Data Center Platform https://legaldesire.com/latham-watkins-advises-funds-managed-by-apollo-on-acquisition-and-financing-of-pan-european-colocation-data-center-platform/ Wed, 30 Apr 2025 12:28:40 +0000 https://legaldesire.com/?p=88296 Latham & Watkins LLP has advised Apollo-managed infrastructure funds on the acquisition and financing of the European colocation business of STACK Infrastructure from funds managed by Blue Owl Digital Infrastructure Advisors LLC in a carve-out transaction. Further information is available in the Apollo press release. The Latham team was co-led by corporate partners John Guccione and […]

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Latham & Watkins LLP has advised Apollo-managed infrastructure funds on the acquisition and financing of the European colocation business of STACK Infrastructure from funds managed by Blue Owl Digital Infrastructure Advisors LLC in a carve-out transaction. Further information is available in the Apollo press release.

The Latham team was co-led by corporate partners John Guccione and Alexander Stefan Rieger on the acquisition, and finance partner Conrad Andersen on the debt financing. The Latham team also included Frankfurt corporate associates Johannes Groß and Sonja Hensch, and London corporate associates Alice Drayton and Cyrus Fung; London finance partner Michaela Schmiederova, with associates Evan Whyte and Isobel Moffatt. Advice was also provided by Frankfurt corporate partners Otto von Gruben and Christina Mann, and Milan corporate partner Giorgia Lugli, with associate Mattia Siena; and by Milan finance partner Alessia De Coppi, with associates Nicola Dall’Acqua and Nicola Nocerino. Advice was also provided on regulatory matters by Milan partner Cesare Milani, with associate Edoardo Cassinelli; on data protection matters by London associate Komal Shema; and on tax matters by London partner Helen Lethaby, with associates Aaron Bradley and Abigail Abbott.

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Latham & Watkins Advises StepStone on US$3.77 Billion Real Estate Secondaries Fund https://legaldesire.com/latham-watkins-advises-stepstone-on-us3-77-billion-real-estate-secondaries-fund/ Wed, 30 Apr 2025 12:28:21 +0000 https://legaldesire.com/?p=88298 StepStone Real Estate (SRE), the real estate arm of StepStone Group (Nasdaq: STEP), announced the final closing of StepStone Real Estate Partners V (SREP V), its fifth flagship fund dedicated to GP-led secondaries and recapitalizations of real estate vehicles. With US$3.77 billion in primary commitments, SREP V represents the largest real estate secondaries fund raised […]

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StepStone Real Estate (SRE), the real estate arm of StepStone Group (Nasdaq: STEP), announced the final closing of StepStone Real Estate Partners V (SREP V), its fifth flagship fund dedicated to GP-led secondaries and recapitalizations of real estate vehicles. With US$3.77 billion in primary commitments, SREP V represents the largest real estate secondaries fund raised to date. Including co-investments completed and discretionary vehicles raised to invest alongside the fund, the total investment program exceeds US$4.5 billion in capacity.

Latham & Watkins LLP represented StepStone Real Estate in the fund formation with a cross-border investment funds team led by Washington, D.C. partner Amy Rigdon and London partner Clare Scott, with associates Anna LeBleu, Sandile Magagula, and Azam Chaudry. Partner Gregory Hannibal, with associate Nicholas Sun, advised on tax matters.

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