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M&A: Acquiror's Counsel

Slaughter and May is advising Hikma on its acquisition of Roxane

29 Jul 2015

Slaughter and May is advising Hikma Pharmaceuticals PLC ('Hikma') on its acquisition of Roxane from Boehringer Ingelheim ('BI').

The acquisition values Roxane at approximately US$2.65 billion.

Under the acquisition, on closing Hikma will pay cash consideration of US$1.18 billion and will issue 40 million new Hikma shares to BI. Hikma has also agreed to make contingent cash payments of up to US$125 million, subject to the achievement of certain performance milestones.

A&O advises 888 Holdings plc on proposed offer for bwin.party digital entertainment plc

29 Jul 2015

Allen & Overy is advising online gaming entertainment provider 888 Holdings on its recommended proposed offer to acquire the entire issued and to be issued ordinary share capital of London-listed online gaming company bwin.party digital entertainment for GBP898.3 million.

The deal is one of the largest in the sector and saw 888 Holdings announce its proposed offer following a highly competitive public auction process, which attracted significant media interest.

NCTM with Megadyne in acquisition of Sampla Belting

29 Jul 2015

Megadyne spa, a subsidiary company of the French private equity fund Astorg Partners, in which investments are held by the Tadolini, Cohenca and Cukurel families together with Fondo Italiano d’Investimento, concluded an agreement for the purchase of 100% of Sampla Belting srl, a company owned by the Depaoli family which heads the multinational group of the same name operating in the production of conveyor belts.

Charles Russell Speechlys advises on IT Lab acquisition

28 Jul 2015

Charles Russell Speechlys has advised London based technology provider, IT Lab, on its acquisition of Manchester-based IT provider, JMC IT.

IT Lab is an award-winning technology and IT managed services provider with 17 years’ experience of delivering the highest standards of service to organisations across all sectors. It is based in London with offices in Woking and Cape Town in South Africa. The company is ranked within the Top 5 European and Top 50 global managed services suppliers.

Taylor Wessing advises Sky on acquisition of majority stake in Blast! Films

28 Jul 2015

Taylor Wessing has advised Sky on its acquisition of a majority stake in Blast! Films, the independent production company with one of the best reputations in British television for producing high-quality, distinctive and innovative documentaries and dramas.

Sky is Europe's leading entertainment company, serving 21 million customers across the UK, Ireland, Italy, Germany and Austria.

Blast! Films was founded in 1994 and is best known as producer of shows such as The Supervet, The Route Masters and 999: What's Your Emergency?

CMS advised CVC Capital Partners on the purchase of PKP Energetyka

28 Jul 2015

CMS Poland has advised private equity fund CVC Capital Partners on the purchase of of state-owned company PKP Energetyka, the energy unit of Polish National Railways (PKP). The transaction is subject to regulatory approval and is expected to close in Q3 2015. The value of the enterprise was established at PLN 1.965 billion (approx. EUR 477 million) and the price at PLN 1.140 billion.

Darrois Villey Maillot Brochier advises Fives on the acquisition of ECL

27 Jul 2015

Darrois Villey Maillot Brochier advised Fives on the acquisition of ECL, a world leader in the design and installation of equipment used to produce aluminium, which generated a turnover of €130m in 2014 and employed 600 people in the world. The transaction price is undisclosed.

ECL will become a new entity within Fives and bring a high level of complementary technical strengths and sales strategies.

The DVMB team included Forrest G. Alogna and Orphée Grosjean.

Eversheds advises SunEdison on acquisition of energy efficiency company

24 Jul 2015

Eversheds has advised SunEdison on the acquisition of Mark Group, a full service energy solutions provider based in Leicester. Mark Group had previously been a SunEdison solar sales and installation partner.

Mark Group currently offers approximately two million UK customers energy-efficient solar systems, heating systems, and insulation products. This acquisition will open up a direct sales channel to the UK residential and commercial solar business.