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M&A: Acquiror's Counsel

DLA Piper advises on Dental Directory acquisition

08 May 2014

DLA Piper has advised Integrated Dental Holdings (IDH), a company backed by The Carlyle Group and Palamon Capital Partners, on the acquisition of the Dental Directory group of businesses.

IDH is one of Britain's largest corporate dental services providers. Dental Directory provides a range of dental products and services to dentists across the UK, and has nearly 300 employees across four UK sites.

The DLA Piper team was led by partner Catherine Simister, with assistance from Rob McKie, Anna Hopper and Lorna Parkin.

Allen & Overy advises ICBC on bank acquisition in Turkey

07 May 2014

Allen & Overy has advised Industrial and Commercial Bank of China Limited (ICBC) on its proposed acquisition of 75.5 percent of the issued share capital of Tekstil Bankasi A.S (Tekstilbank) from GSD Holding A.S. (GSD Holding) for 669 million Turkish Liras (approximately USD316 million). Under Turkish capital markets law, the acquisition will trigger a post-closing mandatory tender offer for all remaining shares in Tekstilbank.

Dechert Represents Northill Capital as it acquires majority interest in Longview Partners

07 May 2014

Northill Capital (Northill) announced yesterday that it has agreed to acquire a majority interest in Longview Partners, a specialist asset management firm focused on global equities portfolio management, based in London and Guernsey. Jonathan Angell led Dechert LLP's London based team, which included Jason Butwick, David Gubbay, Jessica O'Gorman, Dan Hawthorne, Richard Heffner, Nathalie Sadler, Tamara Black and Jodie Valler-Feltham.

Hill Dickinson advises Lattimer management team on secondary management buy-out

06 May 2014

International law firm Hill Dickinson has played a crucial role in advising the existing management team of Lattimer during the process of a secondary management buy-out (MBO) of Lattimer and the exit of its private equity investor, Merseyside Special Investment Fund.

Craig Scott, a Partner specialising in mergers, acquisitions and private equity transactions at Hill Dickinson provided tailored advice to Lattimer and its management team in respect of the deal, which saw the £10m-turnover business bought-out by its management team for an undisclosed sum.

Cirrus Logic - recommended cash offer for Wolfson Microelectronics

06 May 2014

Slaughter and May is advising Cirrus Logic, Inc. (Cirrus Logic) on a recommended cash offer for Wolfson Microelectronics plc (Wolfson) that values Wolfson at approximately £291 million (US$488 million).

The transaction, which was announced on 29 April 2014, is to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and is expected to complete in the second half of 2014.

DLA Piper advises Gruner + Jahr on the acquisition of Indian video platform

02 May 2014

DLA Piper has advised the publishing group Gruner + Jahr on the acquisition of VideoPlay, a video platform and its underlying technology from V-Bazzar Digital Group.

VideoPlay is a digital marketplace for videos, advertising and data traffic. The buyer of the video platform is a subsidiary of Gruner + Jahr, NetworkPlay.

Through this strategic investment, Gruner + Jahr and NetworkPlay are extending their digital portfolio and further strengthening the group and its position in the growing Indian media and advertising market.

Ashurst advises EmergeVest on the acquisition of NFT Distribution Operations

30 Apr 2014

Ashurst advised private equity group EmergeVest on the acquisition of a controlling stake in NFT Distribution Operations ("NFT"), the UK's leading chilled-food distributor. The acquisition from Phoenix Equity Partners was supported by a funding package provided by Investec Growth & Acquisition Finance.

NFT focuses on chilled food and drink logistics, distributing chilled goods across the UK and Europe. The business, which is headquartered at Alfreton in Derbyshire, has seven UK distribution sites and a workforce of approximately 1,900 employees.