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M&A: Acquiror's Counsel

Hengeler Mueller advises Magna on acquisition of Getrag

20 Jul 2015

Magna International Inc. (“Magna”) today announced that it has signed an agreement to acquire the Getrag Group of Companies ("Getrag"), a leading supplier of automotive transmissions. The purchase price for 100% of the equity of Getrag is approximately €1.75bn. This represents an enterprise value of approximately €2.45bn less proportionate net debt and proportionate pension liabilities, which together are estimated to be approximately €700m at closing. The purchase price is subject to working capital and other customary purchase price adjustments.

Hengeler Mueller advises Tele Columbus on acquisition of PrimaCom and on planned equity raising

20 Jul 2015

Tele Columbus AG, the third largest German cable network operator, today announced that it has entered into an agreement to acquire PrimaCom Holding GmbH  (“PrimaCom”), the fourth largest German cable network operator, for a total consideration of €711m on a cash and debt free basis from Medfort S.à r.l., PrimaCom Finance (Lux) S.à r.l. and PrimaCom Beteiligungsgesellschaft mbH & Co. KG.

White & Case Advises Super Group on the Acquisition of IN tIME Group

20 Jul 2015

White & Case LLP has advised Super Group Limited (Super Group) on its acquisition of the IN tIME group from funds advised by Equistone Partners Europe, in a deal that values the company at €153.5 million.

Super Group is a transport logistics and mobility group listed on the Johannesburg Securities Exchange that provides end-to-end supply chain solutions, fleet management and dealership services.

P+P advised Equistone on the sale of IN tIME

20 Jul 2015

Funds managed by Equistone Partners Europe sold their majority stake in IN tIME Express Logistik GmbH to Super Group Limited, based in South Africa. The management remains involved.

In September 2011, Equistone acquired a majority stake in IN tIME by way of a secondary buyout. The purchase price was not disclosed. The transaction is scheduled to be completed in autumn, after the approval by the Central Bank of South Africa with respect to foreign exchange regulations.

Volvo Cars acquires Swedish performance enhancement partner Polestar

20 Jul 2015

Volvo Cars has acquired 100% of the share capital of Polestar Holding AB and Polestar Performance AB. Polestar has since 1996 been the motorsport partner of Volvo Cars and in 2009 the companies commenced a cooperation relating to development of performance products compatible with parts manufactured by Volvo Cars.

Volvo Cars is the leading automotive industry corporation in Northern Europe with over 15,000 employees and an annual turnover of SEK 112.7 billion.

JAB acquires Baresso Coffee A/S

20 Jul 2015

JAB Holding has agreed to acquire Baresso Coffee A/S.

Baresso, established in 2000, is Denmark’s largest coffee shop chain with 47 coffee shops across Denmark.

JAB is a privately held global investment company focused on long-term investments in companies with premium brands in the consumer goods category.

JAB was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Fredrik Andretzky and included Martin Fagerlund, Henrik Johansson, Jonas Lagerroos and Emma Ericson.

Travers Smith advises Bridgepoint on the management buyout of Appleby Fiduciary & Administration business

17 Jul 2015

A Travers Smith team led by Head of Private Equity Paul Dolman and private equity partner Ian Shawyer has advised long standing client Bridgepoint on the primary management buyout of the Appleby Fiduciary & Administration Business (“AFB”) from the Appleby Group for an undisclosed sum.

Herbert Smith Freehills advises Amcor on acquisition of Indian packaging company

17 Jul 2015

Herbert Smith Freehills' Singapore office has advised Amcor Limited on its acquisition of Packaging India Private Limited (PIPL), a flexible packaging company, from Indian listed company Essel Propack.

PIPL provides packaging for large Indian and international consumer goods companies, such as P&G, Unilever, Cadbury, General Mills, Henkel and Wrigley.

Clifford Chance advises AMCo on its acquisition of Boucher and Muir

16 Jul 2015

Clifford Chance has advised Amdipharm Mercury (AMCo) on its acquisition of Australian pharmaceutical company, Boucher and Muir (BNM).

The acquisition of BNM is in line with AMCo's strategy of international expansion into key territories. In addition to owning rights to a portfolio of specialty and niche medicines, B&M is one of AMCo's distributors in Australia, New Zealand and the Pacific Islands.