13 April 2011 Herbert Smith has further strengthened its corporate real estate capabilities with Neil Warriner moving over to join the real estate practice as a tax partner on 1 May 2011.
Neil is a corporate tax partner with particular experience in all tax aspects of land and property transactions including construction and PFI projects, refurbishments and redevelopments, acquisitions and disposals and inward investment structures. He ...
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12 April 2011 On 4 April 2011, the US capital investment fund Kohlberg Kravis Roberts & Co. announced it was acquiring Capsugel, a global division leader of the pharmaceutical Pfizer, established in 18 countries and with around 2,850 employees worldwide, for $2,375 billion in cash. Capsugel is a world leader providing hard gelatine capsules as well as innovative dosage solutions for the health industry. Capsugel offers a complete line of ...
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12 April 2011 Herbert Smith has recently advised Mediastay, a specialist in online game monetisation, on a major financing round totalling €15 million which brings two new shareholders, the funds Iris Capital and Idinvest Partners (formerly AGF Private Equity) to the table of investors. Created in 2000 by three young French entrepreneurs and backed by HighCo and later on by Turenne Capital, Mediastay currently publishes over 12 ...
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07 April 2011 A joint Hong Kong, London and Paris energy team has advised CNOOC Limited on sales and purchase agreements to acquire Tullow's one third interest in exploration areas 1, 2 and 3A in Uganda.
CNOOC Limited entered into the sale and purchase agreements ("SPA") on 29 March 2011. This transaction is valued at approximately US$1.467 billion payable in cash, subject to closing adjustments.
The closing is subject to approvals ...
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11 March 2011 Herbert Smith has advised Chevron Global Energy Inc., a subsidiary of Chevron Corporation, one of the world's leading integrated energy companies, on the sale of Chevron Limited, the entity which holds the Pembroke Refinery, as well as its fuel marketing and aviation business in the United Kingdom and Ireland to a wholly owned subsidiary of the US energy company, Valero Energy Corporation, which was announced today. The sale ...
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01 March 2011 The Paris office has advised OMV on the US$866 million acquisition of the Tunisian oil exploration and production subsidiaries of Pioneer Natural Resources, an independent US oil and gas company. The transaction was signed on 6 January 2011 and closed on 18 February.
OMV is one of Austria's largest industrial companies and central Europe's leading oil and gas company. This acquisition will enable OMV to substantially ...
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24 February 2011 Herbert Smith is pleased to confirm the appointment of partnerStephen Murray as global head of oil and gas.
Stephen is a recognised leading practitioner in oil and gas including LNG, and has been a partner at Herbert Smith since 1995, having joined the firm in 1990. He also spent a number of years in the firm's Singapore office.
He has over 20 years' experience in the energy industry and has been involved in a wide ...
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06 January 2011 Herbert Smith has advised UBS, China Everbright Securities, Cinda International Capital, Credit Suisse, J.P. Morgan Securities and Macquarie Capital Securities as joint bookrunners and joint lead managers on the HK$5 billion (US$643 million) (subject to exercise of over-allotment option) Hong Kong IPO and the Rule144A/Regulation S global offering of China Datang Corporation Renewable Power Co., Limited ("China Datang").
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05 January 2011 Please click here for the French language version of this release. The FSI (Fonds Stratégique d'Investissement), the French strategic investment fund, UNIGRAINS (Union Financière pour le développement de l'économie céréalière), an agrifood investment fund, and NECAP (Nord Est Champagne Agro Partenaires), an investment fund set up to support agriculture and wine production by the Crédit Agricole du Nord Est bank, entered ...
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04 January 2011 Herbert Smith has advised the underwriters of the H-share rights issue by Industrial and Commercial Bank of China (ICBC). BOC International, BNP Paribas, ICBC International and UBS were joint lead underwriters and Bank of America Merrill Lynch, Credit Suisse, HSBC and Nomura were co-lead underwriters of the H-share rights issue.
The rights issue will raise approximately HK$52 billion (US$6.75 billion) through the issue ...
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