After a period of political and economic instability which put M&A transactions in Ukraine into a dormant mode, the country is starting to show signs of revival. As the economy recovers and new legislation aimed at strengthening the rule of law and simplifying doing business is adopted, investors are again looking towards Ukraine with interest.
DLA Piper has advised the OTP Property Fund Management on its acquisition of the BSR Center office building on Vaci ut in Budapest from a real estate fund managed by GLL Real Estate Partners. The seller was advised by Lakatos, Koves and Partners.
DLA Piper has advised Kerzner International Holdings Limited, an international developer and operator of ultra-luxury resorts and residences, on its joint venture with private equity firm Dolphin Capital Partners and Dolphin Capital Investors for the development and management of the One&Only Kea Island, Greece, a luxury tourism project on the Cycladic island of Kea. Local input was provided by AP Legal in Greece and L Papaphilippou & Co LLC in Cyprus.
DLA Piper Ukraine has advised and represented long-term client McDonald’s on the opening of a new restaurant in Kyiv.
DLA Piper has advised UBM Development AG on the placement of a EUR 150 million corporate bond. Raiffeisenbank International and Quirin Privatbank were the joint lead managers and bookrunners in the transaction.
DLA Piper has advised Allianz and ING on a EUR 160 million syndicated loan for the financing of a portfolio of industrial properties owned by CTP, a commercial real estate developer and manager in the Czech Republic.
Hogan Lovells has advised arrangers and joint lead managers Credit Agricole Corporate & Investment Bank and StormHarbour Securities LLP on the securitization of a portfolio of lease receivables worth PLN 2.2 billion, originated by Europejski Fundusz Leasingowy S.A., a Polish leasing company owned by Credit Agricole S.A. DLA Piper was legal advisor of EFL S.A., and Clifford Chance advised the European Investment Bank and European Investment Fund.
DLA Piper has advised ADG group, a Russian urban developer, on the establishment of a joint venture with South Korea's CJ CGV, the fifth largest multiplex theatre company in the world. Freshfields Bruckhaus Deringer advised CJ CGV on the JV, in which the ADG Group holds a 30% stake with a registered capital of USD 30 million, and CJ CGV holds all the remaining shares.
DLA Piper is reporting that it acted as the official legal partner of a project that brings a Russian production of Peter Morgan's celebrated play The Audience to the stage.
DLA Piper has advised Service-Telecom, a participant in the telecoms tower infrastructure market in the Moscow Region, on the acquisition of a 100% stake in Link Development, a prominent telecoms tower company in Northwest Russia. Dentons advised the unidentified sellers on the deal.
DLA Piper has announced the establishment of a Brussels-based EU-Greek Practice.
CMS has advised Axel Johnson International, a privately owned Swedish industrial group that is part of Axel Johnson, a prominent Nordic trading group, on its acquisition of a majority stake in the IOW Group, which has a presence in Poland, Bulgaria, the Czech Republic, and the Baltic countries. The sellers were reportedly advised by DLA Piper.
DLA Piper has advised the FiveTen Group on its sale of Antal Russia, one of the largest recruitment companies in Russia and other CIS countries, back to the Antal International Group.