TLT has advised Mobile Windscreens, the UK's largest independent vehicle glass replacement company, on its acquisition by Ryds Bilglas AB, a leader in Scandinavia.
Mobile Windscreens reported revenues in excess of £40 million last year and has grown since it was established in 1971 to 35 fitting centres and a fleet of more than 230 mobile units across the UK.
Dentons Rodyk has acted as Singapore counsel to Flipkart Private Limited (“Flipkart”), in the US$16 billion acquisition leading to Walmart Inc (“Walmart”) becoming Flipkart’s largest shareholder. The transaction which closed on 18 August 2018 has resulted in Walmart holding a stake of approximately 77% of Flipkart, while the remaining shareholders include Flipkart co-founder Mr. Binny Bansal and existing shareholders such as Tencent, Tiger Global and Microsoft.
DLA Piper advised Concordia Versicherung Holding AG on the sale of Concordia Polska Towarzystwo Ubezpieczen Wzajemnych and Wielkopolskie Towarzystwo Ubezpieczen Zyciowych i Rentowych Concordia Capital S.A. to companies of the Generali Group.
International law firm Clifford Chance has advised FläktGroup, a portfolio company of Triton and market leader for ventilation solutions, on the sale of DELBAG, a specialist for air filtration, to Hengst SE. A corresponding contract was signed on 22 August 2018. The parties have agreed not to disclose the purchase price.
FlaktGroup was formed in 2016 by the merger of FlaktWoods with the portfolio company DencoHappel. We advised Triton on both the acquisition of FlaktWoods and the subsequent merger with DencoHappel.
Client name
CVC Capital Partners (seller), Chios Group International B.V. (seller) and Stage Entertainment B.V. (target)
Other parties involved
Advance Publications, Inc. (purchaser)
Nature of transaction
LONDON—Covington has advised Ziylo on its acquisition by Novo Nordisk with a potential deal value that could exceed $800 million.
Kirkland & Ellis LLP represents Grakon Parent Inc., a global leader in the design, development and manufacture of advanced lighting systems, controls and components for premier OEM manufacturers in the heavy truck, bus, rail, electric vehicle and power sports markets, on its decision to be acquired by Methode Electronics, Inc. (NYSE:MEI), a global developer of custom engineered and application-specific products and solutions. Methode expects to fund the total consideration of approximately $420 million with a combination of cash on hand and committed debt financing.
CMS has advised the selling shareholders on the sale of all shares in the capital of SRM Holding B.V. to NCOI Holding B.V.
SRM is a training institute for starting and experienced professionals in (online) marketing and communication. By acquiring SRM, the NCOI group aims to strengthen its position in the marketing and communication segment.
The CMS team was headed by Roman Tarlavski and further comprised Lisanne van der Velden, Herman Boersen, Barbara Veldmaat and Paulus van den Bos.
Shoosmiths has advised on the sale of specialist IT-provider Taylor Made Computer Solutions (TMCS) to Peach Technologies, creating one of the UK's biggest IT managed providers as a result.
Hampshire based TMCS and Peach Technologies will combine their circa 200 employees, 1,000-strong customer base and £20m sales.
Together, they will provide an enhanced product portfolio while offering a single point of contact for IT, telephony and communication services.
Irwin Mitchell’s Corporate Team Advises On Transaction
Birmingham-based Weir Waste Services has been acquired by UK leading integrated waste management and recycling business, Biffa, in a £16.5m deal.
Established in 1999 by Daniel Weir, Weir Waste is a recycling and waste management specialist operating across the West Midlands, Worcestershire and Warwickshire.