Travers Smith LLP has advised Nortel Networks UK Pensions Trust Ltd (“the Trustee”) on a £2.4 billion buy-out for the Nortel Networks UK Pension Plan ("The Plan") with Legal & General (L&G").
The buy-out covers around 15,500 pensioner members and 7,225 deferred members and allows the Plan to exit its 10 year Pension Protection Fund (PPF) assessment period with surplus to enhance benefits.
Burges Salmon has advised the shareholders of Gloucestershire-based Passionate About People on its acquisition by Staffline Group PLC, a listed recruitment firm headquartered in the East Midlands.
Burges Salmon has advised the shareholders of South West-based Passionate About People Group, which comprises recruitment companies Omega Resource Group and Datum RPO, on the sale of the group to AIM listed Nottinghamshire based recruiter Staffline Group PLC.
Charles Russell Speechlys has advised the founders of Microsoft 2018 Worldwide Partner of the Year, Content and Code, on the sale of the business to technology services and solution provider IT Lab.
Content and Code is the UK's largest SharePoint consultancy and Microsoft’s leading Office 365 partner. In 2018 Content and Code was named Microsoft Partner of the Year for Customer Experience and became a Microsoft Partner of the Year finalist in the “Modern Workplace Teamwork” category.
Arnold & Porter advised longtime private equity client American Securities LLC (American Securities) in the sale of ASP Unifrax Holdings, Inc. (Unifrax), a global industry leader in high temperature thermal management applications, to an affiliate of Clearlake Capital Group, L.P. (Clearlake).
A multi-disciplinary team from Dechert LLP's London, Paris, Munich, Frankfurt, Brussels and Luxembourg offices advised CIT Group Inc. on the sale of its European rail leasing business NACCO Group to VTG Aktiengesellschaft and consortium of buyers consisting of Wascosa AG and a subsidiary of Aves One AG for approximately US$1.1 billion at current exchange rates. The sale was completed in two separate transactions and included a total of approximately 15,400 rail cars.
DLA Piper, together with PLUTA Management GmbH, has advised Holzverpackung Hufingen (The company) on its takeover by the renowned specialist for industrial packaging, PILOUS, including its subsidiary in Spain, with effect from 31 October 2018.
International legal practice Osborne Clarke has advised on the sale of Click Consult, the award-winning full-service digital and search marketing experts, to the global consumer brand services group, Ceuta Group.
The acquisition will further increase Ceuta’s digital and search marketing capabilities and is a key development in the Group’s strategy to invest in complementary businesses that enhance the value of its offering to current and prospective clients.
A team led by private equity lawyer Dr. Andreas Lenz, Partner at the Cologne office, advised Lenbach Equity Opportunities I SCSp, a Luxemburg-based PE fund, on the sale of Lomapharm group.
Lomapharm group’s core company is Lomapharm KG with over 140 years of tradition in pharmaceutical manufacturing. Lomapharm specializes in the development and manufacture of pharmaceuticals, food supplements, and medical products on behalf of pharmaceutical companies. It also manufactures related packaging (glass, plastic, and cardboard).
The deal is part of Upland Software's strategy to enhance its existing commitment to developing customer engagement solutions.
The Gowling WLG team was led by Davey Brennan and included Sue Johnston, Stephen Bowman, Samantha Holland, Nicola Caton and Tom Rank.
Leading global law firm Baker McKenzie successfully supported the founders in relation to the sale of a majority stake in Terrafertil, a natural foods company and main global producer of goldenberries to Nestlé, following approval of relevant antitrust authorities. The transaction was closed at the end of August 2018.