Clifford Chance has advised the financial investors DIF Infrastructure (The Netherlands) and EDF Invest (France) as equal shareholders in a consortium on the acquisition of 100% of Thyssengas, Dortmund, Germany. Thyssengas operates a 4,200 kilometres pipeline network which transports up to 100 billion kilowatt hours of natural gas per year.
Noerr has advised the Volartus Group on its purchase of HeliService international GmbH. Noerr acted for the Volartus Group with a team led by the Munich corporate partners Dr. Tobias Koppmann and Dr. Florian Becker.
We are acting as Finnish counsel for CVC Capital Partners (CVC) in its acquisition of ÅR Packaging Group AB from funds managed by Ahlström Capital and Accent Equity Partners. The transaction requires clearance from the competition authorities.
Founded in 2011 through the merger of A&R Carton and Flextrus, AR Packaging is one of Europe’s leading packaging companies with sales of approximately EUR 560 million (pro forma 2015) and 2 200 employees across 17 factories in 9 countries.
Probi USA, Inc., a wholly-owned subsidiary of the Swedish probiotic company Probi AB (publ) (“Probi”), has entered into an agreement with the American company TNTGamble, Inc. (“TNT”) whereby Probi acquires TNT’s probiotic business Nutraceutix. The preliminary cash purchase price amounts to USD 105 million (cash and debt free). The cash purchase price will be financed through available cash reserves, a credit facility and a bridge facility.
Slaughter and May is advising Dätwyler Holding AG on its recommended cash offer for Premier Farnell plc. The offer was announced on 14 June 2016.
Under the offer, each Premier Farnell shareholder will be entitled to 165 pence in cash for each Premier Farnell share. The offer values Premier Farnell’s issued and to be issued share capital at approximately £615 million (CHF848 million), with an enterprise value of £792 million (CHF1,092 million). It is expected that the transaction will complete in the fourth quarter of 2016.
GvW Graf von Westphalen has advised Red Gate Software Ltd. on its acquisition of Berlin based 3T Software Labs GmbH. GvW Graf von Westphalen advised on all aspects of German law and worked together with the English law firm of Mills & Reeve LLP.
Red Gate with its headquarters in Cambridge (UK) develops software used by 650,000 IT professionals who work with SQL Server, Azure, .Net, and Oracle. More than 100,000 companies, including 91% of companies in the Fortune 100, use Red Gate products.
Paris, June 1 2016 – Eversheds Paris LLP has advised the Dutch listed group Wessanen, European leader in organic food, on the acquisition of 100% of the IneoBio group through its French subsidiary Wessanen France Holding. The target, owner of the leading brand “Destination”, specialises in the production and distribution of organic food products (in particular coffees, teas, sugar and cocoa).
Allen & Overy LLP has provided comprehensive legal advice to HR services provider Randstad regarding the acquisition of all shares in Team2Venture GmbH.
Through twago, Team2Venture GmbH operates Europe’s leading freelance marketplace for online work for freelancers and agencies in the areas of programming, (web) design, and business services. twago customers have access to more than 500,000 professionals from more than 200 countries.
IK Small Cap I Fund has entered into an agreement to acquire a majority holding in OS Group AB, a leading Norwegian payment solutions provider. OpenSolution’s head office is situated in Gothenburg and the company provides turnkey solutions for cash and payment systems. The transaction is subject to customary conditions precedent.
Leading UAE law firm Baker & McKenzie Habib Al Mulla has advised Chedid Capital Holding, the award-winning regional insurance and reinsurance group, in collaboration with prominent investors in Dubai, on its acquisition of 75% of Al Manara Insurance Services Co Ltd Sharjah, an insurance brokerage firm operating in the UAE.