Corporate deals round-up

Matheson Ormsby Prentice (George Brady) acted for Precinct Investments on its e113m (£75.2m) recommended offer, made through Deloitte Corporate Investments, to acquire the entire share capital of Gresham

Matheson Ormsby Prentice (George Brady) acted for Precinct Investments on its €113m (£75.2m) recommended offer, made through Deloitte Corporate Investments, to acquire the entire share capital of Gresham Hotel Group. LK Shields advised Deloitte Corporate Investments, while Mason Hayes & Curran acted for Gresham. Debt finance was provided by Anglo Irish Bank, advised by McCann Fitzgerald.

Travers Smith Braithwaite (Andrew Gillen) represented Collins Stewart on the £21m placing and open offer for oil and gas design company Sondex, which will fund the acquisition of Geolink International. Nabarro Nathanson (Glynn Taylor) advised Sondex.

Weil Gotshal & Manges (Gerhard Schmidt) acted for private equity house Summit Partners and shareholders on the sale of their interests in internet portal Jamba! to internet services company VeriSign. Latham & Watkins advised VeriSign.

Manches (Chris Owen) advised Durlacher as nominated adviser and broker on the £10m Alternative Investment Market float of ITM Power, the fuel cell technology company. Burges Salmon (Chris Godfrey) acted for the company.

CMS Cameron McKenna
(Stephen Millar) represented Italian oil company ENI on the sale of its non-strategic interests in the North Sea, including its 37.5 per cent interest in the Markham gas field to CH4 Energy. Ashurst advised CH4 Energy.

Field Fisher Waterhouse (Dominic Gurney-Champion) advised Hemisphere Properties on a reverse takeover and subsequent relisting on the Alternative Investment Market. Nabarro Wells & Co, as nominated adviser to Hemisphere, retained Howard Kennedy.

Freshfields Bruckhaus Deringer (Julian Long) advised private equity firm Terra Firma on its £227m proposed acquisition of UK landfill and the related power operations of Shanks Group. The sale is subject to the approval of Shanks’ shareholders. Brodies acted on Scottish aspects of the transaction, while Ashurst advised Shanks.