In Brief (October, 2012)
WHITE & CASE ADVISES QATAR INVESTMENT AUTHORITY
White & Case has advised the Qatar Investment Authority (QIA) on a USD250 million investment by the Qatar Asset management company (QAMC) in an investment vehicle sponsored by Barclays Natural Resources Investments, a unit of Barclays Bank.
Consequently, QAMC will co-invest USD250 million in BNRI’s current and future portfolio companies. As part of the investment, BNRI intends to establish an investment management presence in the Qatar Financial centre in Doha. The transaction marks the start of the Qatar Financial Centre’s efforts through QAMC and a series of similar transactions by the QAMC with international and regional investment managers.
Norton Rose has advised Elgi Equipments Ltd (EEL) on the acquisition of the Italian company, Rotair SpA, through a 100 percent owned subsidiary incorporated in Italy, Elgi Compressors Italy Srl. EEL was established in India in 1960 as a private limited company and was converted into a public limited company in 1975 when it came out with a public issue of 75,000 shares.
Conyers Dill & Pearman has advised Ascendant Group Ltd on its acquisition
by way of merger of AirCare Ltd, a Bermuda air conditioning dealer and distributor. The transaction is expected to provide Ascendant Group, a utility company which owns Belco and Bermuda Gas, a stronghold on the air conditioning sales and maintenance market.
Hogan Lovells is advising Brookfield Infrastructure on its acquisition of the controlling stake in Obrascon Huarte Lain Brasil, (OHL Brazil), one of Brazil’s major toll road operators. OHL Brazil, which is listed on the Sao Paulo stock exchange, operates several of the major toll road concessions in Brazil, including some of Brazil's most important motorways.
