Wirecard AG, a leading global payment and issuing company, has reached a definitive agreement to acquire Citi Prepaid Card Services. Citi Prepaid Card Services have launched over 2,500 client programs, associated with top companies and brands across the world, primarily in North America.
Frankfurt - Paul Hastings LLP, a leading global law firm, announced today that it has advised 7Days Media Services, a leading press distribution company and a subsidiary of 7Days Group, on the acquisition of Naville Distribution SA, Dynapress Marketing SA, and Presse-Import SA, from Valora Group.
The three companies are leaders in media services in the B2B sector in Switzerland. With the acquisition, 7Days Media Services continues the overall expansion strategy of 7Days Group in Europe.
Allen & Overy LLP has advised the fund managed by the German private equity firm ECM Equity Capital Management GmbH (ECM) on the acquisition of C37 Word GmbH, the sole shareholder of Wieners + Wieners GmbH. Most of the existing owners, as well as the management, will retain their interests in Wieners + Wieners following the takeover. The effective closing date is 30 June 2016. The parties agreed not to disclose the purchase price or any further transaction details.
SEB Private Equity Opportunity Fund III has acquired a majority stake in Accedo Broadband AB from inter alia Stiftelsen Industrifonden and Acacia Asset Management AB.
As global market leader in TV application solutions, Accedo Broadband has since its inception in 2004 achieved a customer base of over 350 of the world's leading premium media companies, operators, broadcasters and other video services providers and it reaches hundreds of millions of video consumers world-wide.
With a team led by Frankfurt-based partner Dr. Günther M. Bredow, Heuking Kühn Lüer Wojtek, jointly with the Swiss law firm of Walder Wyss, advised Janoschka Group on the strategic acquisition of all shares in Swiss company Beck AG Swissform and the associated debt waivers by creditors.
A team led by Dr. Lothar Ende, Partner at the Hamburg office, legally advised Reply on the acquisition of Berlin-based trommsdorff +. drüner. The transaction strengthens Reply's presence in Germany.
CMS has advised Chinese investor China Everbright International Limited (CEI) on the acquisition of Novago, a waste management company. Private equity fund Abris Capital Partners was the seller in the EUR 123m deal. The Office of Competition and Consumer Protection now has to issue its merger clearance for the transaction to be effective.
Freshfields has advised GAM on its acquisition of Cantab Capital Partners LLP
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised GAM on its acquisition of Cantab Capital Partners LLP (‘Cantab’). GAM is a Swiss-listed asset management company and Cantab is a UK-based multi-strategy systematic asset manager with US$4bn of assets under management for institutional clients worldwide.
Freshfields is advising Midea Group Company Limited on its voluntary cash tender offer for Frankfurt-listed Kuka AG
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Midea Group Company Limited (‘Midea’) on its voluntary cash tender offer for Frankfurt-listed Kuka AG (‘Kuka’).
The transaction would be the largest ever acquisition of a German company by a Chinese bidder.
Schoenherr, a leading corporate law firm in Austria and Central and Eastern Europe, has advised and is representing Cubic (London) Limited ("Cubic") on a public takeover for all shares not held by San Gabriel Privatstiftung, T.R. Privatstiftung or the other core shareholders in C-QUADRAT Investment AG ("C-QUADRAT"), an independent asset management company listed on the Vienna stock exchange.