Loomis AB has entered into an agreement to divest its general cargo services to Rhenus Alpina AG. The general cargo services were acquired as part of the VIA MAT acquisition in 2014. The divested operations offer international cargo services by air, sea, road and rail and is deemed none-core for Loomis. VISCHER advised Loomis. The VISCHER team was led by Dr. Benedict F. Christ (Partner), Gian-Andrea Caprez (Managing Associate) und Dr. Rebekka Keller (Associate).

GRO Capital today announced the acquisition of 46% of the shares in Auditdata, a leading Danish manufacturer of diagnostic instruments and clinic management solutions within the audiology business.

Auditdata has in recent years experienced accelerated growth and with GRO Capital’s investment, GRO Capital expects Auditdata to continue its growth on a global scale and fulfill its goal of becoming a global leading independent provider of audiology solutions.

Dr. Ulrich Jork and Dr. Frank Metz, both Partners at business law firm Heuking Kühn Lüer Wojtek’s Munich office, advised PostFinance AG, a subsidiary of Swiss Post, on its first corporate venture investment.
 

Schön Klinik SE, one of the leading clinic operators in Germany, agreed with a financial partner to become a minority shareholder in the company. With this decision, Schön Klinik confirms its ambitions to continue its sustainable and profitable growth. The management under the leadership of Dieter Schön, managing director and CEO, remains unchanged. Details on the purchase price and the size of the shareholding were not disclosed. Upon receiving the necessary antitrust approvals, the transaction is expected to be closed in fall 2016.

Davis Polk is advising Greenland Financial Overseas Investment Group Co., Ltd., a subsidiary of Greenland Holding Group Company Limited (“Greenland Holding”), in connection with its purchase of 753,561,041 ordinary shares of Broad Greenstate International Company Limited (“Broad Greenstate”), representing approximately 22.79% of the issued share capital of Broad Greenstate. Closing of the transaction is subject to the satisfaction of certain closing conditions.

Travers Smith LLP has advised Technetix, a leading global broadband cable network transmission technology provider, in relation to an equity investment by Liberty Global Ventures, a subsidiary of Liberty Global plc.

The investment will strengthen Technetix's relationship with Liberty Global, a key customer of the Technetix group. It will also enable Technetix to scale its business to meet future growth, broaden its range of next generation solutions and provide a cash return.

London - Lawyers from the London office of global law firm K&L Gates LLP have advised the vendors of Project Tristar Limited in the sale of chauffeur business Tristar Worldwide to Addison Lee, a UK private car hire company.

Dechert has advised Bank Audi, and its Turkish subsidiary, Odea Bank, on a TL 1.0 billion capital increase of Odea Bank. The transaction, which was entered into on June 27, 2016, represents the largest cash capital increase in the Turkish banking sector in recent years.

A Squire Patton Boggs team of lawyers from across 10 offices has advised Synthomer plc, a leading specialty chemicals company, on the US$226 million acquisition of Hexion Performance Adhesives & Coatings (Hexion PAC), a business of Hexion Inc., a global chemicals company based in Columbus, Ohio. The transaction has now completed following regulatory approval and satisfaction of other closing conditions.

Munich, June 30, 2016 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Philipp Lahm, the professional football player, on his acquisition of a stake in Schneekoppe. Alongside the Krefeld entrepreneur Gerald Wagener and the Managing Director of Schneekoppe GmbH, Markus Klein, Philipp Lahm Holding is the third shareholder of the organic food retailer in Lower Saxony.