Deutsche Leasing acquired 53 percent of the shares in Deutsche Factoring Bank from four previously involved regional banks (Bayerische Landesbank, Bremer Landesbank, Norddeutsche Landesbank and Landesbank Saar). The implementation of the transaction is subject to approval by the relevant authorities.
De Brauw has advised FrieslandCampina on signing a share purchase agreement with Engro Corporation to acquire 51 per cent of the shares in its subsidiary Engro Foods Limited, in partnership with the World Bank Group’s International Finance Corporation (IFC) and the Dutch development bank FMO. The estimated total cost for the 51 per cent stake is 420 million euro, depending on final settlement.
Paul, Weiss client The Yokohama Rubber Co., Ltd. announced that it has completed its acquisition of Alliance Tire Group for $1.2 billion in cash. Yokohama Rubber is a leading global tire manufacturer headquartered in Tokyo. Alliance Tire Group, which manufactures off highway tires for agriculture, construction and forestry machinery and sells them in 120 countries, is a portfolio company of Kohlberg Kravis Roberts & Co.
Paris - Mayer Brown advised BUT’s management, the second largest homeware group in France, with regard to the group’s acquisition by a consortium led by Clayton, Dubilier & Rice and WM Holding related to its Austrian competitor, Lutz (among top 5 furniture retailers in Europe).
With BUT, Lutz holds a place in France’s top 3, one of the leading market in Europe, where it didn’t manage to establish itself so far. Back in 2012, Lutz had almost proceeded to BUT’s acquisition.
Baker & McKenzie has advised Daimler AG on the acquisition of Athlon Car Lease International B.V. in a deal worth EUR1.1 billion.
The Athlon group is a car lease company with a portfolio of more than 255,000 vehicles and a provider of mobility solutions.Daimler has now expanded its lease portfolio from 85,000 to 340,000 cars as a result of this transaction, significantly strengthening its market position.
Baker & McKenzie advised Allegion plc, a leading global security products and solutions provider, on the acquisition of all shares in the Trelock Group. The Trelock Group is a leading portable safety and security provider in Germany. The corresponding contracts were signed in May 2016; after having been approved by the competition authorities, the transaction has now been completed successfully.
King & Wood Mallesons has advised US listed TransDigm Group on its acquisition of ILC Holdings Inc., the parent company of defense firm Data Device Corporation (DDC), from Behrman Capital for US$1 billion.
Ashurst is advising Currie & Brown on its recommended cash offer for AIM-listed Sweett Group plc, a provider of professional services for the construction and management of building and infrastructure projects. The offer values the entire issued and to be issued share capital of Sweett Group at approximately £29 million. Sweett Group is also subject to an offer from WSP Global which values the company at approximately £24 million.
AS Eesti Keskkonnateenused (“EKT Group”) concluded a contract on 20 June 2016 for the acquisition of the 100% holding in Jaakson Linnahooldus OÜ, a company the principal business of which was cleaning of streets in Tallinn. In this transaction AS Eesti Keskkonnateenused was advised by the team of Eversheds Ots & Co lead by Maivi Ots.
Clifford Chance advised Mannai Corporation on the completion of its acquisition, from Apax Partners, Altamir and Boussard & Gavaudan, of a number of additional shares that represents c. 10.4% of the share capital and voting rights of Gfi Informatique (on a fully diluted basis) at a price per share of €8.50. Mannai Corporation thus completes the last step of its transaction aimed at reaching a stake of 51% of the share capital and voting rights of Gfi Informatique (on a fully diluted basis).