Hogan Lovells has advised LaSalle Investment Management (LIM) on the purchase of the Arena Retail Park in Green Lanes, Haringey, for £53 million. The transaction between Wildmoor and clients of LIM, completed on 18 November.

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Davis Polk is advising Bank of America Merrill Lynch as financial adviser to Voltaire Ltd. in connection with its $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash), acquisition by Mellanox Technologies, Ltd. The transaction, which is expected to close in the first quarter of 2011, is subject to customary closing conditions, including the receipt of applicable regulatory approvals and the approval of Voltaire’s shareholders.

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Wragge & Co has advised ISIS Equity Partners on the £10 million sale of Credit Solutions to arvato UK & Ireland. The firm advised ISIS on its initial £4.5 million investment in Credit Solutions in 2005. Since then, ISIS has supported the growth of Credit Solutions and its increased service offering.

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International legal practice Norton Rose LLP has advised 3W Power Holdings S.A. on a €100 million bond issue which was unconditionally and irrevocably guaranteed by AEG Power Solutions B.V. Close Brothers Seydler Bank AG acted as sole global coordinator and sole bookrunner.

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The Firm is representing Wireless Generation Inc. in connection with its proposed $360 million sale to the News Corporation.  Wireless Generation provides mobile and web software, data systems and professional services that enable teachers to use data to assess student progress and deliver individualized instruction, serving more than 200,000 teachers and three million students across all 50 states.  News Corporation is a diversified global media company. 

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On November 23, 2010, the Inter-American Development Bank (“IDB”) closed on a syndicated dual currency (US$115 million and €18 million) A/B loan to Brazil’s Banco Sofisa. The proceeds of the loan are to be used to increase lending to small- and medium-sized enterprises in Brazil. The syndication to some 15 U.S., Brazilian and European banks was co-arranged by IDB and Banco Itau, with HSBC, Banco do Brasil and Standard Bank as bookrunners. The transaction involves a five-year IDB $25 million A loan and a syndicated B loan composed of four tranches: two denominated in U.S. dollars for a total amount of $90 million, and two denominated in Euros for a total amount of €18.6 million. The syndicated loans mature in two and three years.

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Today, Eurand N.V. and Axcan Holdings, Inc. announced they have entered into a definitive agreement whereby Axcan will acquire all outstanding shares of Eurand for $12.00 per share in cash, or approximately $583 million. Eurand is a global specialty pharmaceutical company and Axcan is a pharmaceutical company that focuses on the treatment of gastrointestinal disorders.

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Goodwin Procter advised client JMI Equity, a growth equity firm that invests in leading software, internet, business services and healthcare IT companies, in the closing of JMI Equity Fund VII, L.P., an $875 million fund.

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