Deals In Brief

DLA Piperhas advised DAS Real Estate in a deal with hotel operator Langham Hospitality Group which will see the development of the brand's first Middle East property. DAS Real Estate will develop and manage the 323-room Langham resort on Dubai's Palm Jumeirah, set to launch in 2015.  Catering to couples and large families, the resort will have 53 one and two-bedroom suites that range from 63 to 236 square metres, 22 of which will feature individual plunge pools.

Stephenson Harwood and Travers Smith took key roles on the launch and flotation of peer-to-peer (P2P) loans business P2P Global Investments (P2PGI) on the London Stock Exchange’s main market. The IPO has made P2PGI the first ever UK-listed company dedicated to investing in loans originated by global P2P and online lending platforms.  Stephenson Harwood advised P2PGI on all the legal and regulatory issues involved in the IPO. Travers Smith advised placing agent Liberum Capital on the deal, led by listed funds head Aaron Stocks and investment funds senior associate Will Normand.

Osborne Clarke advised headphone-maker and music platform Beats on its USD3bn buyout by Apple, joining a raft of stateside firms on the huge tech transaction. The sale comprises both streaming service Beats Music and Beats Electronic which produces luxury headphones and other audio devices. As part of the transaction Beats two co-founders, rapper and producer Andre ‘Dr Dre’ Young and recording industry mogul James Iovine, will join Apple.  Steve Wilson, partner, who heads up Osborne Clarke’s Silicon Valley office, advised longstanding client Beats on its sale.  .