Adana Integrated Health Campus Project Named “European PPP Deal of the Year”
The Adana Integrated Healthcare Campus Public Private Partnership Project in Adana, the first healthcare PPP project in Turkey, was honored with the “European PPP Deal of the Year” award by Infrastructure Journal at its annual Europe & Africa awards dinner, held in London on February 19.
Willkie advised Meridiam, Rönesans, and the other project sponsors, and then the project company ADN PPP Sağlık Yatirim A.S. on this transaction. With capital expenditures of €550 million, the Adana Integrated Healthcare PPP project provides for the design, financing, construction, operation and maintenance of a new 250,000 square meter healthcare complex offering a total capacity of 1,550 beds, and a 25-year operation and maintenance agreement.
The Willkie team was led by partner Amir Jahanguiri and included special European counsel Michaël Armandou, associates Emilie Patoux, Roy Charles Bates and Cédric Gamambaye Dionmou on project finance aspects; partner Gabriel Flandin and associate Basma Paradin on corporate aspects in Paris, and finance partner James Crooks in London.
Willkie Receives Four 2014 Practice Group of the Year Honors
Willkie received 2014 “Practice Group of the Year” honors from Law360 in the areas of Bankruptcy, Insurance, Mergers & Acquisitions and Real Estate. Law360 received 683 submissions for the Practice Group of the Year series – now in its fifth year – and selected 158 winners across 26 practice areas for recognition. The awards honor firms that “came through for their clients in 2014, sealing the big deals and winning the high-stakes suits.”
Individual profiles on the firm’s winning practice groups appear below.
Law360 Bankruptcy Group of the Year
Law360 Insurance Group of the Year
Law360 M&A Group of the Year
Law360 Real Estate Group of the Year
The American Home Announces $263 Million Portfolio Sale to Silver Bay Realty Trust Corp.
On February 18, Willkie client The American Home announced that it had entered into a definitive agreement for the sale of a portfolio of single-family homes to Silver Bay Realty Trust Corp. for $263 million. The portfolio comprises approximately 2,460 single-family homes located in the southeastern United States. As reported in a February 18 Bloomberg Business article, the transaction will be one of the largest bulk purchases in the rental-home industry.
The American Home is a fully integrated real estate investment and property management company with single-family homes in the southeastern United States.
The transaction was handled by partner David Drewes and associate Jennifer Coffey. Partner Laura Delanoy and associate Danielle Scalzo provided corporate advice, and partner Anthony Carbone provided tax advice.