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M&A: Seller's Counsel

Milbank Advises H.C. Starck Group on Sale of STC Division to Höganäs AB

08 Jan 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the H.C. Starck Group in connection with the sale of its division Surface Technology & Ceramic Powders (STC) division to the Swedish company Höganäs AB. STC is a leading global manufacturer of surface technology, ceramic and additive manufacturing powders for a wide variety of end-market applications. It operates two production facilities in Germany. The purchaser, Höganäs AB, is a world leader in the market for metal powders. The H.C.

Fortress Paper sells bank note materials maker to Swiss National Bank and Orell Füssli

08 Jan 2018

Leading Global Law Firm Baker McKenzie advised Fortress Paper on the sale of its shares in Landqart to Swiss National Bank and Orell Füssli. Landqart is an innovative Swiss manufacturer of banknote substrates, passports and visa papers, distributed to more than 50 countries around the world. Swiss National Bank and Orell Füssli are paying a combined 21.5 million francs for Landqart.

Dat Vi Phu Pharmaceutical JSC sells 70% stake to the Adamed Group

08 Jan 2018

The transaction marks the largest Polish direct investment in Vietnam to date

Baker McKenzie has advised Dat Vi Phu Pharmaceutical JSC ("Davi pharm"), a rapidly growing pharmaceutical company in Vietnam, in its sale of 70% stake to the Adamed Group, the second largest pharmaceutical company in Poland. The USD 50 million transaction marks the largest Polish direct investment in Vietnam to date.

SQS Software Quality Systems to be Acquired by Assystem Services

08 Jan 2018

Dechert LLP represented SQS Software Quality Systems AG (“SQS”), a leading independent provider of end-to-end software quality assurance services, on its proposed acquisition by Assystem Services Deutschland GmbH, a leader in the European research and development market. The all-cash bid values SQS at GBP 281.3 million. First announced on December 15, 2017, the offer is expected to close in February 2018 pending regulatory approvals and assuming satisfaction of the acceptance and other conditions.

Hill Dickinson advises Styles & Wood on its acquisition by Central Square Holdings in a £42.5m deal

08 Jan 2018

Leading international law firm Hill Dickinson has advised Styles & Wood Group plc, the integrated property services and project delivery provider, on the recommended cash offer by Central Square Holdings Limited. The offer comprises 465 pence in cash per ordinary share, valuing the diluted share capital of Styles & Wood at £42.5 million.

The acquisition is to be implemented by way of scheme of arrangement with final completion is expected to occur in March 2018.

Gowling WLG advises on sale of majority stake in Forest Holidays Group to Phoenix Equity Partners

08 Jan 2018

Gowling WLG's Corporate, Finance and Tax team has advised the existing shareholders of long-standing client Forest Holidays on a further management buy-out, led by Phoenix Equity Partners and supported by existing lead investor and Gowling WLG client Lloyds Development Capital.

White & Case Advises Nordic Capital on the Sale of Luvata Group

08 Jan 2018

Global law firm White & Case LLP has advised Nordic Capital, a leading private equity investor in the Nordic region, and its portfolio company Luvata, on the sale of all operating divisions and facilities of the Luvata Group.

The sale was conducted as four separate transactions in 2016 and 2017, with the Special Products Division being sold to Mitsubishi Materials Corporation, the Heat Transfer Solutions Division to Modine Manfacturing Company, the Asian Tubes operations to Zhejiang Hailiang Co. Ltd and the North American Tubes operations to an investor group.