Led by the Frankfurt Private Equity team, Goodwin advised Onapsis Inc. on its acquisition of the Virtual Forge Group. Onapsis and the founders of Virtual Forge have entered into a definite agreement to acquire privately-held Virtual Forge, headquartered in Heidelberg, Germany. With the acquisition of Virtual Forge, Onapsis will become the largest independent provider of ERP security and compliance solutions.
Hogan Lovells assisted Dana Incorporated in the acquisition of 100% of SME Group, a leading company in the market for electric motors and low-voltage inverters with its headquarters in Arzignano, Italy.
Dana Incorporated, a company listed on the New York Stock Exchange (NYSE), is a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery.
Global, sector-focused law firm HFW has continued its run of insurance M&A deals with advice to Markerstudy on its £185 million acquisition of the Co-op's insurance underwriting business, CIS General Insurance Limited.
As part of the deal, which is expected to complete in Q2 2019, subject to PRA and FCA approval, Markerstudy entered into a 13-year agreement with the Co-op to distribute motor and home insurance products. The two companies will also work together to develop new insurance products.
Kirkland & Ellis represented Nordic Capital Fund IX in connection with its acquisition of Orchid Orthopedic Solutions from Altor Equity Partners in a transaction announced on January 21, 2019. Orchid, headquartered in Holt, Michigan, is a world leader in designing and manufacturing orthopedic implants with 12 manufacturing sites in the U.S., U.K., Switzerland and China. The proposed transaction is expected to close by the end of the first quarter of 2019.
Read the company press release.
Freeths London corporate team has advised the shareholders of London-based mortgage broker Charles Cameron & Associates Limited (“CCA”) on its sale to private equity firm, Lonsdale Capital Partners (“Lonsdale”). Following the transaction, Lonsdale will hold a majority investment in CCA.
Bridgestone Europe NV has recently entered into an agreement with TomTom to acquire its Telematics business. The transaction will bring together Bridgestone as the world's largest tyre and rubber company with the number one provider of digital fleet solutions in Europe, creating a leading data platform for connected vehicles.
The sale of the Telematics business is expected before the end of the second quarter of 2019, followed by the works council, antitrust and shareholders' approval combined with a share consolidation to be executed in the third quarter of 2019.
Global law firm White & Case LLP has advised Wilma Europe Holding BV on the sale of its majority stake in Wilma Immobilien GmbH (Wilma).
The buyer is the Luxembourg based real estate fund Aermont Capital Real Estate Fund IV (ACREF IV). The parties have agreed not to disclose the purchase price. The transaction is still subject to the approval of the relevant authorities.
Dentons has advised Orbis in connection with a tender offer issued by its majority shareholder AccorHotels to purchase all outstanding shares in its share capital. The transaction is one of the largest tender offers launched in 2018 for shares of a company listed on the Warsaw Stock Exchange.
In accordance with the preliminary results of the offer, investors submitted subscriptions for shares constituting approximately 33.1% of the share capital of Orbis for a total consideration of EU337 million.
On January 21, 2019, Cooper Equipment Rentals Limited ("Cooper") announced that it had acquired Star Rentals Ltd. In British Columbia, consistent with its pan-Canadian strategic growth plan.
Star Rentals is the largest independent equipment rental company in the Lower Mainland of British Columbia with locations in each of White Rock, Surrey, Langley, Abbotsford, Burnaby and Maple Ridge.