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M&A: Seller's Counsel

Charles Russell Speechlys advises OKA on sale to Investindustrial

17 Jan 2018

Charles Russell Speechlys is delighted to have advised the shareholders of British luxury furniture brand OKA on the sale of the company to the Italian owner of Aston Martin, Investindustrial. OKA, co-founded by Lady Annabel Astor and designers Sue Jones and Lucinda Waterhouse as a mail-order business has expanded over 20 years and now has 14 shops across the UK.

Annabel Astor commented on the Charles Russell Speechlys team as follows: “Thank you all for the hard work, long hours and a very speedy result!”

Allen & Overy advises M.M. Warburg & CO on the divestment of its asset management and servicing business in Luxembourg

16 Jan 2018

Allen & Overy LLP has advised M.M. Warburg & CO (AG & Co.) KGaA, Hamburg (Warburg) on the sale of its subsidiaries Warburg Invest Luxembourg S.A. and M.M. Warburg & CO Luxembourg S.A. to Apex Group Ltd. (Apex), a portfolio company of Genstar Capital. The target entities have USD 50 billion assets under administration. The transaction follows Apex’s acquisition of Deutsche Bank’s Alternative Fund Services business in 2017.

Warburg and Apex will form a strategic partnership for Luxembourg based asset management services businesses.

Shearman & Sterling Advises Shareholders on Sale of MeinAuto GmbH

16 Jan 2018

Shearman & Sterling advised the previous shareholders of MeinAuto GmbH, including Holtzbrinck Ventures GmbH, Global Founders Capital GmbH & Co., Beteiligungs KG Nr. 1, Vorwerk Direct Selling Ventures GmbH and Herrn Nicolas Leutwiler, on the sale of their shares to the U.K. investment firm HgCapital.

The online platform MeinAuto.de is Germany’s leading online website for new car sales. MeinAuto, founded in 2007, is headquartered in Cologne, Germany. The company has over 16 million visitors per year and is connected to more than 9,000 car dealers.

McCann FitzGerald advises on Sale of Generali PanEurope Operation

16 Jan 2018

We advised Generali on the sale of Generali PanEurope which has operated in Ireland since 1999. The agreement will ultimately be worth around €286 million after Generali receives settlements for existing intercompany financing arrangements.

The transaction is part of the Group strategy to optimize its geographical footprint, increase its operational efficiency and improve capital allocation.

It is subject to, inter alia, regulatory approvals and is expected to be finalized during the first half of 2018.

Shoosmiths advises on management buy-out of renowned £70m-a-year services group

16 Jan 2018

National law firm Shoosmiths has advised on the management buy-out (MBO) of The Quarr Group, a leading provider of building maintenance and construction, contract cleaning and contract catering.

The Quarr Group has been acquired by its management team, who included Brian Warren, Nelson Williams and Simon Ingram; the Managing Directors of the Quarr Group's subsidiaries: Nviro, Pabulum and Mountjoy, respectively.

Taylor Wessing advises sell side on Ettlinger-Group sale to Dover Corporation

16 Jan 2018

New York Stock Exchange listed Dover Corporation acquires Ettlinger Kunststoffmaschinen GmbH and its affiliated entities in Germany and in the US. Ettlinger will become part of Dover’s Swiss business unit Maag Pump & Filtration Systems. Taylor Wessing has been advising the owners as seller in this transaction. Ettlinger manufactures and distributes filtering solutions for the plastics industry and plastics recycling industry as well as injection molding machinery.