Stuttgart – The shareholders in Objective Software GmbH have sold their shares in the company to Luxoft, Inc. By acquiring Objective, Luxoft gains access to advanced solutions in the automotive sector, such as autonomous vehicles, teleoperated driving and high-accuracy positioning, plus innovative mobility and smart city applications.

A CMS team headed by lead partner Dr Maximilian Grub advised the Objective Software GmbH shareholders on all legal aspects of the sale and in particular on contract design and the contract negotiations.

Schulte lawyers represented Pamplona Capital Management LLP in its sale of BBB Industries LLC to Genstar Capital. Alabama-based BBB Industries supplies non-discretionary replacement parts in the North American automotive aftermarket. BBB Industries has a broad products offering, including starters, alternators, hydraulic steering, brake calipers, electric power-assisted steering and turbochargers.

King & Wood Mallesons (KWM) has advised the shareholders of Motec GmbH (Motec), a leading provider of intelligent camera system solutions for commercial vehicles and mobile machines, on the sale of all shares to the listed US company AMETEK, Inc. (AMETEK), a leading provider of electronic measuring instruments and electromechanical devices.

Gowling WLG has acted for Montreux Healthcare Fund on the bolt-on acquisition of John-Edwards Care Homes by the Active Assistance Group.

John-Edwards Care Homes is an independently owned and run organisation specialising in residential care for adults and children with learning disabilities.

Allen & Overy advises DPE Deutsche Private Equity on the sale of J.H. Ziegler GmbH  to Teijin Frontier Co., Ltd.

Led by Dr Hartmut Krause and Dr Roman Kasten, the Allen & Overy team provides comprehensive advice to DPE with regard to this transaction, covering all legal aspects including antitrust, employment, competition and tax law.  The transaction will be consummated once the required merger clearance has been obtained.

International law firm CMS has advised on the management buyout of Arkessa, the leading Internet-of-Things (“IoT”) managed services provider, to private equity firm ECI Partners. Arkessa enables enterprises to develop and optimise their businesses by helping them adopt, integrate and scale IoT enabled services.

Loyens & Loeff advised J.C. Flowers & Co. LLC, a leading private equity fund, in the sale of its 100% stake in The OneLife Company S.A., a Luxembourg-based life insurance and wealth manager, to the APICIL Group, France's fourth-largest social protection group.

Our M&A partner Thierry Lohest acted as deal counsel to OneLife.

TLT has advised Encore Capital and the management shareholders of portfolio company Stagecoach Theatre Arts on its sale to Trafalgar Entertainment Group.

The team advised on every stage of the transaction, culminating in a very significant return for Encore. TLT has advised Encore on several other major transactions in recent years, including the sale of email marketing software company Pure360 to Scottish Equity Partners, and the acquisition of The Third Space health club group from Graphite Capital. 

WBD has advised EQT Infrastructure on the sale of Tampnet UK and Central North Sea Fibre Telecommunications Company Limited (CNSFTC), as part of the wider sale of the global Tampnet Group. 

Tampnet is to be jointly acquired by ATP (Denmark’s largest pension provider) and investors 3i Infrastructure. 3i Infrastructure have announced that they are looking to invest around £200m for the acquisition of their 50% stake. The Tampnet management team will also invest to acquire a minority shareholding.