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M&A: Acquiror's Counsel

Hengeler Mueller advises Charles River Laboratories on acquisition of Oncotest

01 Dec 2015

Charles River Laboratories International Inc. (“Charles River Laboratories”) last week announced the acquisition of Oncotest GmbH. The transaction volume amounts to € 34m plus €2m payable subject to the further development of the company.

Charles River Laboratories is a full service, early-stage contract research company providing services to pharmaceutical and biotech companies. Oncotest GmbH provides research and validation services for pharmaceutical and biotech companies in the area of preclinical cancer research.

MAN Diesel & Turbo acquires Cryo’s Marine Fuel & Bunkering Business

01 Dec 2015

MAN Diesel & Turbo Sverige AB, a wholly owned subsidiary of MAN Diesel & Turbo SE (part of MAN and Volkswagen Group), acquires the marine fuel gas supply system business of Sweden based Cryo AB, part of the Linde Engineering Division and a manufacturer of cryogenic equipment for the storage, distribution and handling of liquified gases. The transaction is scheduled to be closed in February 2016.

Munters acquires Reventa

01 Dec 2015

Munters has acquired Reventa, a company specialized in climate control systems for livestock buildings. Reventa is headquartered in Horstmar, Germany, where sales, R&D and manufacturing also are located.

Munters is a world-leading supplier of energy efficient air treatment solutions with production and sales in 30 different countries and has approximately 2,700 employees. Munters has a turnover of more than SEK 5 billion and is owned by Nordic Capital Fund VII. The acquisition of Reventa was made via Munters’ business area AgHort.

KWM advises GHM Messtechnik on the financing of the acquisition of Delta OHM in Italy

27 Nov 2015

King & Wood Mallesons (KWM) advised GHM Messtechnik GmbH (GHM Messtechnik), a portfolio company of the Frankfurt-based private equity investor VR Equitypartner GmbH (VR Equitypartner), on the financing of the acquisition of Delta OHM s.r.l. in Italy.

With approximately 200 employees GHM Messtechnik, a German-based provider of measurement and industrial electronics, offers a complete product portfolio for a range of different requirements at its four locations and a distribution centre in Erolzheim.

Wiersholm advised Cisco

27 Nov 2015

Cisco has entered into an agreement with the intention of buying Acano.

Cisco is one of the world's leading network suppliers with almost 64,000 employees worldwide. Wiersholm advised Cisco in the acquisition of Acano, a privately-held technology company based in London offering infrastructure for collaboration and software for video conferences.

Setterwalls has advised Instalco in connection with two acquisitions

27 Nov 2015

Setterwalls has advised Instalco in connection with the acquisitions of the two installation companies Ohmegi and El-Expressen. FSN Capital is the majority owner of Instalco, which was established during 2014.

The team was led by Mattias Detterfelt and Linn Jonsson primarily assisted by Henrik Kjellander, Tobias Öd and Vala Karimi.

Breedon Acquires Hope Construction Materials for £336 million

20 Nov 2015

Travers Smith LLP has advised its long standing AIM-listed client Breedon Aggregates Limited, on the £336 million acquisition of Hope Construction Materials Limited from Cortolina Investments.

Breedon is the largest independent aggregates business in the UK, employing more than 1,200 people in England, Wales and Scotland. The company supplies an extensive range of products and services to the construction and building sectors and operates 53 quarries, 26 asphalt plants and 59 ready-mixed concrete plants.

King & Wood Mallesons advises GE on its acquisition of Alstom’s power and grid business

20 Nov 2015

On November 2, 2015, General Electric Co. (GE) announced its acquisition of Alstom’s power and grid business. With a total transaction value of €9.7 billion (approximately US$10.6 billion), the transaction marks GE’s largest acquisition to date in the industrial sector. After obtaining approvals from regulators in over 20 jurisdictions including the U.S., China, India, Japan, Brazil and in several countries within Europe, GE successfully completed the transaction.

Matheson advises Aramark on its purchase of Avoca

19 Nov 2015

Matheson is advising NYSE listed Aramark, the global provider of award-winning services in food, facilities management and uniform on its purchase of one of Ireland’s most successful retailers, Avoca. The deal, which was announced last week, sees the Pratt family remain involved in the future development of the company. The transaction, which is subject to review by Ireland’s Competition and Consumer Protection Authority, is valued at €60 million.

We represented the buyer in the corporate transaction of Nordic Regional Airlines AB

19 Nov 2015

Eversheds has represented the buyer in a corporate transaction concerning Nordic Re-gional Airlines. The airline company Finnair, StaffPoint and Kilco Oy have agreed that 60 per cent of the shares of Nordic Regional Airlines AB will be transferred to StaffPoint and Kilco.

The transaction requires the approval of the Finnish competition authority. Upon reali-sation of the agreement, StaffPoint’s share of the joint venture will be 45%, Kilco’s 15% and Finnair’s 40%.