City firm Macfarlanes and Guernsey’s Carey Olsen advised the PFB Data Centre Fund on a joint venture with e-Shelter, a German data centre developer and operator, to develop a campus of data centre buildings near High Wycombe, Buckinghamshire. It is projected to be the largest data centre in the UK and the second largest in Europe, with a potential value of £1bn once constructed and fitted out. The fund aims to raise £100-£200m in equity by the end of 2009 through a number of share offers. Magic circle firm Clifford Chance advised e-Shelter.
Gaming deal: City firm Travers Smith advised AIM-listed gaming solutions provider Inspired Gaming Group on the sale of its pubs division, which operates gaming machines in pubs, to Danoptra Holdings. The firm also advised on a £40m share placing, underwritten by Evolution Securities. South-west firm Osborne Clarke acted for Evolution Securities, City firm SJ Berwin for Danoptra.
Care deal: City firm Berwin Leighton Paisner advised Brewin Dolphin as nominated adviser and broker to CareTech Holdings on a £30m share placement. CareTech, which provides housing and support services to adults with learning and physical disabilities, was advised by national firm Pinsent Masons. The proceeds will be used to pay debts and fund future acquisitions.
Oil deal: Clifford Chance advised China Oilfield Services on its $2.5bn (£1.3bn) offer for Oslo-listed company Awilco Offshore, which provides and manages offshore oil drilling rigs. Bugge Arentz-Hansen & Rasmussen advised on Norwegian law and King & Wood on Chinese law. Awilco instructed Norwegian firm Wiersholm.
Pipeline deal: Pinsent Masons advised engineering and construction company Aker Solutions on its £100m acquisition of shares in Qserv, which provides well, process and pipeline services in the North Sea and international markets. Qserv was advised by Scottish firm Maclay Murray & Spens.
Power deal: City firm Taylor Wessing advised Gartmore Investment on its investment in Turbo Power, a power solutions provider, advised by Canadian firm Stikeman Elliott. Turbo Power raised a total of £3m. Gartmore owns 12% of Turbo Power.
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