After almost three years of developing the project, now the way is cleared for the construction of the Trianel Wind Farm Borkum (TWB). At the TWB general meeting, the 34 shareholders from Germany, Austria, the Netherlands and Switzerland agreed on the construction resolution regardingthe first construction phase of the offshore wind farm; the corresponding financing agreements have now been signed in Frankfurt. Covering an area 56 km2, the wind farm is situated about 45 km off the northern coast of the island of Borkum and directly adjacent to Alpha Ventus, Germany’s first offshore wind farm.

International law firm Eversheds has acted for Alfa Laval, a leading provider of products and solutions for heat transfer, separation and fluid handling, on a SEK 5 billion share purchase agreement to acquire Aalborg Industries Holdings.

Salans LLP and Heisse Kursawe Eversheds have advised the real estate investment manager Invesco Real Estate GmbH (IRE) on its purchase of a real estate portfolio with a value of approximately EUR 218 million. Together with the French issuer CILOGER, IRE acquired ten newly built retail shopping centres with an overall rental area of 100,000 square metres. The deal constitutes one of the biggest transactions in the German segment of retail real estate in 2010.

Technicolor recently announced the completion of the sale of its Grass Valley Broadcast business to Francisco Partners on 31 December 2010, in accordance with both the offer received in July 2010 and the terms detailed in the company’s July 26, 2010 press release.

Weil, Gotshal & Manges LLP was counsel to Darling International Inc., a leading provider of rendering, recycling and recovery solutions to the nation’s food industry based in Irving, Texas, in its acquisition of Griffin Industries, one of the largest privately owned rendering, bakery by-product and used cooking oil recycling companies in North America. 

Jeffer Mangels Butler & Mitchell LLP (JMBM), one of California’s foremost full-service law firms, today announced that its Global Hospitality Group® facilitated the sale of the Sheraton Universal Hotel to Shenzhen New World Group Co. JMBM represented the receiver and structured the sale so that the 20-story, 451-room hotel could be conveyed while the hotel was in receivership.

Proskauer represented Cameron Strang and his company, Southside Independent Music Publishing, in its sale to the Warner Music Group, one of the world’s largest music companies.

Orrick Holters & Elsing has advised Findos Investor, an independent private equity fund, on the acquisition of all shares in ABIT GmbH from the listed financial service provider GFKL Financial Services AG. ABIT GmbH with registered offices in Meerbusch (Dusseldorf, Germany) is a company specializing in credit and claims management, and which offers customized IT-solutions to savings banks, mutual savings banks, state banks and private banks.

Ashurst is advising DnB NOR Bank ASA, Swedbank AB (publ), Nordea Bank Norge ASA and Skandinaviska Enskilda Banken AB (publ) on their financing of private equity investment firm Nordic Capital’s acquisition of Handicare.

International law firm Freshfields Bruckhaus Deringer has advised the cross-over creditors (holding a mixture of senior and junior loans) of German cable network operator primacom on the group´s complete financial restructuring, and the acquisition by them of all of primacom’s issued share capital.