Ashurst is advising Rockhopper Exploration plc ("Rockhopper") on the proposed acquisition of the entire issued and to be issued ordinary share capital of Mediterranean Oil & Gas plc ("MOG"). The initial consideration offer of 6.5 pence per share, which is to be satisfied partly in cash and partly in Rockhopper shares values MOG at approximately £29.3 million.
Baker & McKenzie (Gaikokuho Joint Enterprise) in Tokyo and Esin Attorney Partnership (Istanbul), the Turkish member firm of Baker & McKenzie International, have advised Japan-based Marubeni Corporation on the acquisition of a 49 percent stake in Temsa Is Makinalari Imalat Pazarlama ve Satis A.S. (Temsa Is Makinalari), a Turkish distributor of Komatsu construction equipment, from TEMSA GLOBAL Sanayi ve Ticaret A.S. (TEMSA GLOBAL). The deal was signed on 5 March 2014 and closed on 28 April 2014.
Speechly Bircham has advised the Civica Group (an investee company of OMERS Private Equity) on its acquisition of CCS IT Limited (trading as Keystone Asset Management Solutions), the specialist software provider.
Keystone, based in Colchester, provides application software and related services predominantly for the UK social housing sector. Its integrated product suite is used by its customers to ensure the efficient and effective administration of housing stock including management, planned maintenance, inspections and component accounting.
Stephenson Harwood LLP has advised on the two recent reverse takeovers of Feedback plc ("Feedback") and Rex Bionics Plc ("Rex Bionics").
Stephenson Harwood advised new client, Feedback on the acquisitions of Cambridge Computed Imaging Limited and TexRAD Limited (both medical imaging software companies) for a mixture of cash and share consideration. Feedback also raised new funds through a subscription for new ordinary shares. The transactions completed and the new shares were admitted to trading on AIM on 19 May 2014.
King & Wood Mallesons SJ Berwin is advising Atlas Mara Co-Nvest Limited (Atlas Mara) on its acquisition of a 77% controlling stake in the commercial arm of the Development Bank of Rwanda (BRD) from the Government of Rwanda.
DLA Piper has advised Nam Kwong Group Company Limited, a state-owned enterprise, and its wholly-owned subsidiary, Nam Kwong Development (HK) Limited, on the acquisition of a 90% interest in Sino-French Energy Development Company ("SFED") from Sino-French Holdings (Hong Kong) Limited ("SFH") for US$612 million.
H. Lundbeck A/S (“Lundbeck”) and Chelsea Therapeutics International, Ltd. (“Chelsea”) announced that they have entered into a definitive agreement under which Lundbeck will acquire Chelsea. Cravath represented Lundbeck in connection with this transaction.
King & Wood Mallesons SJ Berwin advised Capzanine on the acquisition of a majority stake in Opteven alongside the management. Founded in 2004, Capzanine is an independent investment fund specialising in equity and mezzanine financing for companies and their growth projects.
Previously part of the RAC group (formerly the British Royal Automobile Club), Opteven is a leading player in the Assistance and Mechanical Breakdown Warranties market in France and in Europe. Based in Villeurbanne, the group employs more than 220 people and in 2013 its turnover was nearly €100 million.
CMS has advised FTSE 200 company, Halma, in relation to its acquisition of Advanced Electronics Limited, a manufacturer of networked fire detection and control systems.
Halma, the market leader in specialist safety, health and environmental technologies, has bought Advanced Electronics Limited for an initial cash payment of GBP14.1 million and deferred payments of up to GBP10.1 million depending on earnings growth up to March 2015.
The Charles Russell Technology team has advised Advanced Energy Industries Inc., (a global leader in innovative power and control technologies used in thin-film plasma manufacturing processes and solar energy generation) on its acquisition of Hi Tek Power Group (HiTek). HiTek is a privately-held provider of high voltage power solutions based in the United Kingdom, offering a comprehensive portfolio of high voltage and custom built power conversion products ranging from 100V to 500kV designed to meet the demanding requirements of OEMs worldwide.