In the latest of a series of Lloyd's and London market broker deals, the RPC team has advised Citynet, the Lloyd's of London broker, and the selling shareholders, on the deal announced in December with Carlyle-backed PIB Group.

The RPC team was led by James Mee, Head of Corporate Insurance and Financial Services, and David Wallis, Partner in the private equity team specialising in financial services transactions.

Global law firm Dentons has advised Zenium Germany GmbH (“Zenium”), the German subsidiary of data center operator Zenium Technology Partners Limited, on the sale of its data center division to American real estate investment trust CyrusOne. This transaction will strengthen CyrusOne’s presence in London and Frankfurt, the two largest data center markets in Europe. The selling price was €442 million and the closing is scheduled for the first quarter of 2018.

Kirkland & Ellis advised Nordic Packaging and Container (Finland) Holdings Oy (‘NPAC Holdings’), a company controlled by Madison Dearborn Partners, LLC on the €365 million sale of its Powerflute semi-chemical fluting business to Mondi Group. The transaction, which was announced on December 22, 2017, remains subject to competition clearance and customary closing conditions and is expected to complete during the first half of 2018. Them full press release is available here.

Dechert LLP is acting as lead global counsel on the potential sale of Albea S.A. to PAI Partners by an affiliate of Sun European Partners (the European advisor to Florida-based private-equity firm Sun Capital Partners). The deal is reportedly valued at US$1.5 billion. 

Albea S.A. manufactures plastic packaging products for the beauty and personal care market. PAI Partners is a Paris-based private equity firm. 

Bird & Bird's Corporate team in Helsinki, led by partner Maria Carlsson and assisted by associates Iina-Mari Supperi and Laura Kallinen, has advised the sellers of Visual Components on the sale of the company to German-Chinese robotics giant, KUKA. Corum Group acted as financial advisors to the sellers in close cooperation with the Bird & Bird team.

The Fieldfisher Energy – Oil and Gas team has recently acted as English legal advisers for client JSC KazMunaiGas Exploration Production ("KMG EP") in respect of US$1.95 billion tender offer launched by the company on 8 December 2017 for its GDRs and shares, valued at US$5.6bn. The team also advised on its proposed delisting from the Official List of the London Stock Exchange and the Kazakhstan Stock Exchange.

Global law firm Norton Rose Fulbright has acted for the sellers and management of Rockspring Property Holdings Limited (Rockspring) on their conditional sale of the Group to Patrizia Immobilien AG (Patrizia). The sale is subject to regulatory and antitrust approvals.

Global law firm Norton Rose Fulbright has advised the shareholders of First Names Group (including the majority shareholder, AnaCap Financial Partners) on the sale of the group to the SGG Group. Completion of the deal is subject to regulatory approvals.

Law firm Stephenson Harwood has advised Bowmark Capital LLP, and the other shareholders of Law Business Research (LBR), on the sale of LBR to Levine Leichtman Capital Partners.

International legal practice Osborne Clarke has advised ProSiebenSat.1 on its sale of all shares in Comvel GmbH to lastminute.com Group.

Osborne Clarke advised on all matters regarding the business model as well as IP/IT law and ecommerce related aspects.

Comvel operates the travel website weg.de, one of Germany’s best-known online travel sites and has been a wholly owned subsidiary of ProSiebenSat.1 Group since January 2014.