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M&A: Acquiror's Counsel

Eversheds Sutherland advises Pollen Street Capital on double acquisiton

18 Dec 2018

Eversheds Sutherland has advised Pollen Street Capital (PSC), the majority owner of Specialist Risk Investments Limited, on the double acquisition of The Underwriting Exchange and London Ireland Market Exchange (subject to regulatory approval).

The global legal practice advised in relation to UK and Irish law issues including regulatory requirement in the UK and Ireland. This transaction was in addition to advising longstanding client PSC on the acquisition of Miles Smith Insurance Group by Specialist Risk Investments Limited earlier this year.

International CMS team advises Sinochem Group on the acquisition of plastics manufacturer ELIX Polymers from Sun European Partners

17 Dec 2018

Stuttgart – Chinese chemical giant Sinochem Group has acquired the Spanish plastics producer ELIX Polymers from the British private equity investor Sun European Partners LLP for an enterprise value of EUR 195 million.

KWM advises Temenos on acquisition of Australian-founded customer on-boarding platform, Avoka Technologies

17 Dec 2018

King & Wood Mallesons (KWM) has advised Swiss-listed banking software company Temenos AG (SIX:TEMN) on their acquisition of US-headquarted Avoka.

Avoka, the provider of a digital customer acquisition and on-boarding platform, will be integrated into Temonos’ Digital Front Office Product, strengthening its omni-channel digital banking offering.

The transaction will be funded by a combination of cash and debt and is worth USD245 million.

DLA Piper advises Stillfront Group on acquisition of German game developer Playa Games GmbH

15 Dec 2018

DLA Piper has advised the Swedish company, Stillfront Group AB, on its acquisition of Hamburg-based Playa Games GmbH. Stillfront acquired 100 percent of the shares of Playa Games for a consideration of EUR 20 million, a four-fold of the 2018 EBIT. EUR 14 million of the purchase price is payable in cash and the remaining amount is payable in in newly issued Stillfront shares. The sellers may be entitled to an earn-out consideration, amounting the total purchase price to maximum EUR 45 million.

Clifford Chance Paris advises Mannai Corporation QPSC on its buy-out offer followed by a squeeze-out on Gfi Informatique

15 Dec 2018

Mannai Corporation QPSC filed a buy-out offer followed by a squeeze-out on the shares of Gfi Informatique which was opened between 29 November 2018 and 12 December 2018 included. As a result of the squeeze-out which was implemented on 13 December 2018, Gfi Informatique's shares are no longer listed on the regulated market of Euronext Paris.

DWF advises on sixth transaction for Aliter Capital with latest acquisition

15 Dec 2018

DWF has advised Boston Networks and its private equity fund backer Aliter Capital, in Boston's acquisition of 20/20 Vision Systems Limited. This is the sixth deal DWF has supported Aliter with since it was founded in 2016.

Earlier this year, the business made an undisclosed investment to take a majority stake in Glasgow's Boston Networks, which specialises in wired and wireless systems for 'intelligent' buildings. Aliter is focused on developing a fire, security and IT networking services business with national coverage and a diversified blue-chip customer base.

Dla Piper advises John Swire & Sons and Argent Energy on acquisition of Biodiesel Amsterdam

15 Dec 2018

DLA Piper has advised John Swire & Sons and its wholly-owned subsidiary, Argent Energy, on the acquisition of Biodiesel Amsterdam (BDA) – a leading producer of second-generation biodiesel made from used fats and oils, Tankstorage Amsterdam (TSA) – a tank storage company for vegetable oils and fats and biodiesel, and Tank & truck cleaning Amsterdam (CSA) – a tank and truck cleaning service in the port of Amsterdam, from the Amsterdam-based Simadan Group.

Fieldfisher advises global innovation and transformation consultancy PA Consulting on its latest acquisition

15 Dec 2018

European law firm Fieldfisher has advised global innovation and transformation consultancy PA Consulting (PA) on its acquisition of digital service design and engineering agency, We Are Friday (Friday).

The deal, announced on 6 December, is the third UK acquisition by PA in the last 12 months, with Fieldfisher advising PA on all of its UK deals.

Friday joins PA’s world-class innovation team, enhancing its existing expertise in digital service design, modern engineering and digital transformation.

Hogan Lovells advise French listed investment house IDI SCA and its portfolio company Groupe Winncare SAS on their management buyout of Mangar Health Limited from Yorkshire Fund Managers

15 Dec 2018

Hogan Lovells advised French listed investment house group IDI SCA and its portfolio company Groupe Winncare SAS on their management buyout of Mangar Health Limited from Yorkshire Fund Managers. Mangar Health Limited, which is headquartered in Wales, provides a range of assistive lifting equipment and mobility aids.

Orrick Advised Gimv on Acquisition of Leading Medical Supply Companies in Germany

15 Dec 2018

Orrick advised European investment company Gimv on the acquisition of Mannheim-based Medi-Markt Homecare-Service GmbH and Isenbüttel-based Medi Markt Service Nord Ost GmbH, as well as a number of affiliated companies.

With the support of Gimv, these two leading service providers in incontinence care will continue to grow in the coming years as the newly formed Medi Markt Group. A minority stake was acquired by the newly appointed CEO of Medi Markt Group, Markus Reichel.