Preato Capital has sold Sefina Finance to Dollar Financial Group U.K. Ltd. The consideration for the shares is approximately SEK 300 million, of which approximately SEK 200 million was paid in cash at closing, and the remaining SEK 100 million to be paid in cash installments during 2011. In addition, the seller is entitled to additional cash payments over the next two years based on the financial performance of the divested business.
Tags: Mannheimer Swartling
Marking another pro bono victory, on December 22, 2010, international law firm Weil, Gotshal & Manges LLP successfully secured asylum for a 27-year old Kenyan man who sought refuge in the United States based on persecution he suffered in Kenya upon coming out publicly as a homosexual. The Kenyan penal code criminalizes homosexual acts with a prison sentence of up to fourteen years, and known or suspected homosexuals in Kenya are routinely subjected to violence, threats, harassment, and blackmail. The client, a committed activist for the rights of homosexual and transgender individuals in East Africa, was himself cut off from his family, brutalized by classmates, evicted from his apartment, threatened with death, and blackmailed by police after providing a rare interview on national television in which he admitted to being homosexual and talked about the plight of gay and transgender individuals.
Tags: Weil, Gotshal & Manges, LLP
McDermott represented Ryder System, Inc. (NYSE: R) in connection with the signing of a definitive agreement by its affiliate to acquire the full service lease, contract maintenance, commercial rental and dedicated contract carriage businesses of The Scully Companies, Inc., a leading provider of full service truck leasing, short-term rental of commercial vehicles and maintenance services throughout the western United States. Ryder System, Inc. is a FORTUNE® 500 provider of leading-edge transportation, logistics and supply chain management solutions.
Tags: McDermott, Will & Emery
Davis Polk is advising Grupo Financiero Santander, S.A.B. de C.V. and Banco Santander, S.A. in connection with its acquisition of GE Capital’s consumer mortgage business in Mexico, encompassing all of its operations, including its $2 billion consumer mortgage portfolio. The transaction, which is expected to close in the first half of 2011, is subject to regulatory approvals. The financial terms of the transaction were not disclosed.
Tags: Davis Polk & Wardwell | Mexico City
On December 28, it was announced that Waterland Private Equity has acquired the RHM Group clinics and nursing homes from its founder, represented by Willkie, and plans a strategic expansion of the company’s presence in the German nursing and rehabilitation market through acquisitions. The transaction is subject to antitrust approval of the Federal Cartel Authority. Founded 30 years ago, RHM has established itself as one of the leading, integrated medical health companies in Germany. RHM owns approximately 1,300 beds in specialized clinics for rehabilitation and acute care, provides about 600 beds for nursing care for the elderly, and offers both ambulatory and stationary health services in its six locations in Germany.
Tags: Willkie Farr & Gallagher LLPSNR Denton has advised Lucara Diamond Corp. (“Lucara”) on its successful share-for-share takeover of African Diamonds plc (“AFD”), a U.K. company whose securities were traded on the AIM Market of the London Stock Exchange. The acquisition was carried out by way of an English court-approved cancellation scheme of arrangement involving a conditional three-cornered demerger.
Tags: Dentons
Fulbright client, Meridiam Infrastructure, and its special purpose vehicle, Long Beach Judicial Partners LLC (LBJP), closed a public-private partnership (PPP) transaction with the Judicial Council of California, Administrative Office of the Courts (AOC), to design, build, finance, operate and maintain a new $492M courthouse and a related existing parking structure in Long Beach, California.
Tags: Norton Rose Fulbright
Shearman & Sterling represented GSS III Iceberg B.V., a company jointly owned by Morgan Stanley Principal Investments Netherlands B.V. and Morgan Stanley Real Estate Special Situations Fund III, L.P. (Iceberg), in its sale of its entire equity interest in KOS S.p.A. (KOS), a company controlled by CIR – Compagnie Industriali Riunite S.p.A. (CIR), to Alf Participations 2 S.à.r.l. (Alf), an affiliate of AXA Investment Managers Private Equity Europe S.A., in the context of a broader transaction whereby Alf acquired 41.1% of KOS.
Tags: Shearman & Sterling LLP