Milbank Advises SIXT AG on Establishment of the “DriveNow” Car Sharing Joint Venture with BMW

Thursday, March 24, 2011
SIXT AG and the BMW Group are planning to launch an innovative car sharing program under the brand name “DriveNow”. The car sharing program will be first launched in the city of Munich and, thereafter, in Berlin. In the coming years, the program shall be expanded into other European cities. The long-term plan is to introduce “DriveNow” also in other territories.

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Tags:  Milbank LLP

Simmons & Simmons Advises on Acquisition of Close Brothers’ Cayman Island Operations

Wednesday, March 23, 2011
Simmons & Simmons has advised Intertrust Group Holding S.A. (Intertrust) on the acquisition of the Cayman Islands trust, fiduciary services, fund administration and banking business of Close Brothers Group plc (Close Brothers). Waterland Private Equity Investments B.V. acquired Intertrust from Fortis Bank Nederland and BGL in 2009 and the transaction represents the first acquisition during Waterland’s ownership of Intertrust.

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Paul Hastings Advises on First Hong Kong IPO by a Chinese Property Developer in 2011

Wednesday, March 23, 2011
Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Macquarie Capital Securities Limited (“Macquarie”), The Hong Kong and Shanghai Banking Corporation Limited (“HSBC”) and Nomura International (“Nomura”) as the underwriters in Top Spring International Holdings Limited’s (“Top Spring”), a Shenzhen-based Chinese property developer, US$200 million Hong Kong Initial Public Offering (IPO). The listing comprised a Hong Kong public offering and a Reg S/Rule 144A international offering.

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Tags:  Paul Hastings, LLP | Hong Kong

Allens Acts on Bush Inheritance

Wednesday, March 23, 2011
Allens Arthur Robinson (Allens) has advised Bush Heritage Australia, a non-profit organisation dedicated to protecting Australia’s unique wildlife, on the acquisition of two parcels of land at Liffey, 47km south-west of Launceston, Tasmania.

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Linklaters Advises Arcus Infrastructure on its £760M P2P Bid for Forth Ports PLC

Tuesday, March 22, 2011
Linklaters has advised Arcus Infrastructure on its £760 million P2P bid for Forth Ports PLC. The bid will be implemented by a court sanctioned scheme of arrangement and will be financed by a combination of equity from the limited partners of Arcus’ European Infrastructure Fund and debt financing arranged and underwritten by a consortium of banks including JP Morgan, Royal Bank of Canada, The Royal of Scotland plc, Credit Agricole and Santander.

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Tags:  Linklaters LLP