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M&A: Acquiror's Counsel

Agrial acquires the Dutch group Van Oers United

22 Jul 2015

Houthoff Buruma advised Agrial on the acquisition of the Dutch Group Van Oers United. Agrial is the fifth largest French agricultural food processing cooperative group in France, with a reported turnover of € 4.2 billion in 2014. With this transaction Agrial will consolidate its international position in the Northern European markets, expand its range of vegetables and secure year-round product availability.

Houthoff Buruma team included: Michiel Pannekoek, Sylvia Dikmans

USU Software AG acquires specialist for SAP license optimization supported by Heuking Kühn Lüer Wojtek

22 Jul 2015

Effective January 1, 2015, USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen, acquired all shares in SecurIntegration GmbH, Cologne, to expand its service portfolio in the field of software license management. A team led by Dr. Rainer Herschlein, partner at the Stuttgart office of commercial law firm Heuking Kühn Lüer Wojtek, advised USU on the transaction.

The purchase price of the shares payable in cash consists of a fixed component and an earn-out component and depends on the company's future performance.

Egorov Puginsky Afanasiev & Partners Urkaine advises Kemira Oyj on the acquisition of AkzoNobel paper chemicals business

22 Jul 2015

Egorov Puginsky Afanasiev & Partners Ukraine has assisted a global chemicals company Kemira Oyj with obtaining merger clearance with the Antimonopoly Committee of Ukraine(the "AMCU") for the acquisition of the paper chemical business of AkzoNobel, the largest global paints and coatings company. The transaction was closed on May 4, 2015, after obtaining the approval from the AMCU. The deal was first announced on July 8, 2014. The value of the transaction is EUR 153 million.

Osborne Clarke advises Mindtree on acquisition of Bluefin Solutions

21 Jul 2015

Osborne Clarke has advised Mindtree on its acquisition of Bluefin Solutions, a market leading independent consultancy specialising in SAP HANA.

Mindtree is a multinational digital transformation and technology services company, headquartered in Bengaluru, India and New Jersey, U.S.A. Its acquisition of Bluefin Solutions will strengthen the full spectrum of SAP services in Mindtree's offering. The partnership also creates an opportunity to expedite Bluefin’s HANA expertise to the US market with Mindtree’s broad presence there.

Squire Patton Boggs Advises on Acquisition of The Protein Works

21 Jul 2015

Squire Patton Boggs has advised sports nutrition specialist, Sport-ph, on the acquisition of Cheshire-based The Protein Works, the innovative sports nutrition brand.  This is the second acquisition for B&B Investment Partners-backed Sport-ph, following the acquisition of PhD Nutrition in November 2014. The acquisition supports Sport-ph’s strategy to create a pan-European sports nutrition group.

Core Assets Group: Acquisition of Neljä Astetta Oy

21 Jul 2015

Castren & Snellman acted as counsel for the UK-based Core Assets Group in its acquisition of Neljä Astetta Oy, a Finnish company offering child welfare services. With the transaction, Neljä Astetta Oy will become part of the same group with Perhehoitokumppanit Suomessa Oy, a Finnish family welfare company owned by Core Assets Group. In 2014, Neljä Astetta Oy posted a turnover of approximately EUR 4.6 million, and the company had 64 employees.

Setterwalls advised MECA in connection with the acquisition of Opus Equipment

21 Jul 2015

Mekonomen Group has through its subsidiary MECA acquired Opus Equipment AB, a comprehensive supplier of workshop equipment to car workshops and vehicle inspection companies. hand

Opus Equipment and its subsidiaries has sales of approx. SEK 135 million and has approx. 70 employees, most of them in Sweden but also at a production site in China. The purchase price amounted to SEK 51 million on a cash-free debt-free basis. The transaction was completed on 2 July 2015. MECA was advised by Setterwalls.

Hannes Snellman counsel to Recipharm in the acquisition of OnTarget Chemistry

21 Jul 2015

Recipharm acquires OnTarget Chemistry and extends its offering into preclinical development services. Recipharm has completed the acquisition of OnTarget Chemistry in Uppsala, Sweden. OnTarget Chemistry is a fast growing CRO company specialized in medicinal chemistry offering synthesis and analytical services which include rare and demanding specialties.  50% of the purchase price was paid in cash and the remaining 50% was paid through an issue in kind of 45.838 series B shares in Recipharm.

Ashurst advises MTG on the acquisition of world's largest esports company

20 Jul 2015

Ashurst has advised the international media group MTG (Modern Times Group), headquartered in Sweden, on the acquisition of 74 % of the shares in Turtle Entertainment. Operating under the well-known ESL brand, Turtle Entertainment is the world's largest esports company.

The 74% stake was acquired from financial investors and the company's founders for EUR 78 million in cash. The founders and management will retain the remaining 26% and continue in their current positions. Closing of the transaction is subject to local regulatory approvals.