Mergers & Acquisitions

Energy

We advised Abu Dhabi Future Energy Company (Masdar) on its acquisition of a 50 percent cash equity stake from EDF Renewables, Inc. in eight solar and wind farm assets spread across the states of California, Nebraska and Texas. The entire portfolio represents a total capacity of approximately 1.6 GWs, making this one of the largest acquisitions of renewable assets in North America in 2020.

We also advised Masdar on its acquisition of John Laing Group’s stakes in two wind farms in the US, the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico. This transaction is Masdar’s first renewable energy investment in North America. View the press release here.

Energy

We advised Schneider Electric, a global player in energy management and automation, on its INR 14,000 crore (US$2.1 billion) acquisition of Larsen & Toubro Electrical & Automation, and the subsequent consortium between Schneider Electric’s partnership with Temasek Holdings (Private) Ltd., Singapore’s sovereign wealth fund. View the press release here.

Telecommunications

We advised PLAY Communications S.A., the listed Poland-based provider of wireless and telecom services, on its US$4.35 billion sale to Iliad S.A. View the press release here.

Materials

We advised Ahlstrom-Munksjö Oyj (HEL: AM1, STO: AM1S), a company that provides sustainable and innovative fiber solutions, on the voluntary recommended public cash tender offer made by a consortium, including Bain Capital, LP, for approximately US$3.5 billion. View the press release here.

Financial institutions

We advised Bangkok Bank Public Company Ltd., a leading Thai commercial bank, on its US$2.3 billion acquisition of a majority shareholding in Bank Permata Tbk, a major commercial bank in Indonesia, from Standard Chartered Bank and PT Astra International Tbk, together with its subsequent mandatory tender offer for the remaining public shareholdings and branch integration. View the press release here.

Energy

We advised VTB Bank on its US$2 billion sale of the 55 percent stake in Tele2 Russia to Rostelecom, the Russian telecom giant, and further acquisition of up to 30 percent shares of Rostelecom valued at US$1.4 billion. View the press release here.

Technology

We advised Zynga, Inc., a global leader in interactive entertainment and mobile gaming, on its US$1.8 billion acquisition of Peak Oyun Yazılım ve Pazarlama A.Ş., a Turkish gaming company. View the press release here.

Technology

We advised Panasonic Corp. on its 20 percent strategic equity investment in Blue Yonder, a leading US end-to-end supply chain software provider with an estimated enterprise value of US$5.5 billion. View the press release here.

Consumer products

We advised Independent Directors of Mobile Mini, Inc. (NASDAQ: MINI), the largest US provider of portable storage solutions, on its merger of equals with WillScot Corp. (NASDAQ: WSC), the largest US supplier of mobile office trailers and the portfolio company of UK-based TDR Capital LLP.