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M&A: Seller's Counsel

DLA Piper advises Jensens Food Group A/S on sale to Funen investor group

04 Oct 2018

After several years of declining sales, over summer this year the Jensens Bøfhus restaurant chain succeeded in generating a profit from operations as well as a marked increase in revenue and visitor numbers in the chain’s 32 restaurants. A group of lenders from Funen, who in the autumn of 2017 granted loans to the restaurant group, have now purchased all shares in and all liabilities of Jensens Food Group A/S from the previous sole owner Palle Skov Jensen.

Case Management Specialist iCasework Acquired By Civica

03 Oct 2018

London-based case management software specialist, iCasework, has been acquired by Civica UK Limited.

Established in 1998, iCasework specialises in SaaS applications for case management, providing cloud software for enterprise complaints management, correspondence management and information request handling including in support of GDPR.

Its products are used by more than 100 customers in the UK, Australia and the USA to handle millions of cases annually, across national and local government, financial services and a range of other markets.

CMS advises on third infrastructure takeover in six months as John Laing Infrastructure Fund completes its £1.45bn takeover by Jura Acquisitions

03 Oct 2018

International law firm CMS has advised FTSE 250 listed infrastructure fund John Laing Infrastructure Fund Limited (JLIF) on its £1.45bn takeover by Jura Acquisitions Limited (Jura), a company owned by a consortium led by Dalmore Capital Limited and Equitix Investment Management Limited. The transaction was governed by the UK Takeover Code and effected by way of a court approved scheme of arrangement.

Eversheds Sutherland advises Sinclair Pharma plc on £166m offer from Huadong Medicine Co., Limited

03 Oct 2018

Eversheds Sutherland has advised Sinclair Pharma plc (Sinclair) on its proposed cash acquisition by a subsidiary of China's Huadong Medicine Co (Huadong) which values Sinclair at £166.6m.

Headquartered in London and quoted on AIM, Sinclair is a pure play aesthetics business directly operating in Western Europe, US, South Korea and Brazil, and via distributors around the world.

It is proposed that the acquisition, which the independent directors of Sinclair intend to recommend to shareholders, will be implemented by way of a scheme of arrangement.

CMS advises ElringKlinger on sale of stake in new enerday

01 Oct 2018

Stuttgart – ElringKlinger AG has sold its shareholding in new enerday GmbH to Dresden-based Sunfire GmbH. new enerday specialises in high-temperature SOFC (Solid Oxide Fuel Cell) technology. The parties agreed not to disclose the purchase price.

A CMS team headed by lead partner Dr Christoph Lächler advised ElringKlinger on all legal and tax aspects of the transaction.

KKR to Sell Majority Stake in United Group to BC Partners

28 Sep 2018

Paul, Weiss is representing KKR in the sale of a majority stake in United Group B.V., a leading media and communication services provider across South East Europe, to funds advised by BC Partners, a leading international investment firm. The transaction is subject to customary regulatory approvals. No financial terms are being disclosed.

The Paul, Weiss team included corporate partner Alvaro Membrillera.

Heuking Kühn Lüer Wojtek advises Bavaria Yachtbau GmbH on successful sale

28 Sep 2018

A team led by Prof. Dr. Georg Streit and Dr. Arnold Büssemaker successfully advised Bavaria Yachtbau GmbH on the sale of its company in a bidding process. Following negotiations with several investors until recently, a fund advised by CMP Capital Management-Partners GmbH will now take over the business operations of Bavaria Yachtbau GmbH and its French subsidiary Bavaria Catamarans SAS. All employees will be taken over. The creditors’ committee and the administrator have already given their approval.

DLA Piper advises exceet Group on sale of its micro- and optoelectronics company AEMtec

28 Sep 2018

DLA Piper has advised the exceet Group on the sale of their portfolio company AEMtec GmbH - the Berlin based micro- and optoelectronics company - to Mellifera Neunundzwanzigste Beteiligungsgesellschaft. The buyer is controlled by capiton V GmbH & Co. KG, a fund belonging to the private equity company capiton. The completion of the transaction is subject to clearance by the appropriate cartel authorities.