Hill Dickinson’s corporate team has acted on behalf of the shareholders of Jade Solutions, a £13m-turnover mobile technology services provider based in Newton-le-Willows, on its acquisition by Belgian IT group Econocom.
Jade Solutions specialises in rugged mobile technology, such as handheld and vehicle-mounted computers. It also designs and installs wireless networks and guest Wi-Fi systems.
Irwin Mitchell’s Corporate team advises on the deal
Birmingham-based Fosters Fishing Limited has been bought by Angling Direct Plc, the largest specialist fishing tackle and equipment retailer in the UK, in a £3m deal.
Fosters, which trades as Fosters of Birmingham, currently operates as one of the largest fishing tackle retailers in Europe. The business, which generated revenues of around £5.9m last year, was established over 30 years ago and is based in a 17,000 sq ft superstore located on the outskirts of Birmingham.
Mishcon de Reya's Corporate department advised Sompo Japan Nipponkoa Insurance Inc, a subsidiary of Sompo Holdings, on the sale of its specialist UK insurance subsidiary Sompo Canopius to private equity firm Centerbridge Partners for $952 million. The sale is subject to regulatory approval and is expected to close in the first quarter of 2018.
Clifford Chance has advised General Electric on the merger control aspects of its $2.6 billion sale of its global electrification solutions business, GE Industrial Solutions to ABB.
Clifford Chance is coordinating the submission of the global (ex-US) merger filings as the transaction is likely to trigger over 15 filings across the globe. The transaction is expected to close in H1 2018, subject to regulatory clearances.
Herbert Smith Freehills has advised Royal Wolf Holdings Limited (Royal Wolf), one of the leading suppliers of containers in Australia and New Zealand, in relation to the successful off-market takeover bid by GFN Asia Pacific Holdings Pty Limited, a wholly owned subsidiary of its major shareholder, General Finance Corporation (GFN).
Ashurst advised NORD Holding Unternehmensbeteiligungsgesellschaft mbH (NORD Holding) on the sale of WEMAS Absperrtechnik GmbH (WEMAS), a leading manufacturer in highway barrier engineering, to Gimv and the WEMAS management.
Investment company Gimv acquired a majority stake, while the balance will be held by the company's management team under the leadership of CEO Markus Schwinn. NORD Holding acquired WEMAS in 2011 from the company's founder Siegfried Kwasny in the course of his succession planning.
Blake Morgan's Corporate team has advised Butters Group Limited, one of the UK’s biggest growers and suppliers of plants and flowers, on its sale to Flamingo Horticulture.
The Butters Group, headquartered in Spalding, Lincolnshire, turns over £52m a year and has more than 300 staff working across its flower, plant and nursery divisions.
The deal offers the Bristol-based business the opportunity to take its ethical and environmental approach to a global level.
Burges Salmon has advised the selling shareholders of Pukka Herbs, the maker of organic herbal teas and supplements, on the sale of the business to Unilever.
Dominic Davis, together with senior associates Tim Roberts and Julie Book, led a large cross firm team advising the shareholders alongside Shaw & Co.
Clifford Chance has advised Imagination Technologies Group PLC (Imagination), an independent IP licensing business, in respect of a Takeover Code-governed offer for Imagination by a subsidiary of funds managed by Canyon Bridge Capital Partners, LLC (the Offer).
Clifford Chance has also advised Imagination in respect of the sale of its MIPS division to Tallwood MIPS, Inc. (a wholly owned subsidiary of Tallwood Venture Capital); a class 2 transaction under the Listing Rules and which was announced simultaneously with the Offer.
Addleshaw Goddard's Dubai Corporate team has advised the shareholders of Wicked Tents LLC ("Wicked") and Flow Air & Power Solutions LLC ("Flow") on the sale of a majority stake in both companies to global events company GL events.
Wicked and Flow provide premium furnished and powered accommodation for high profile events in the GCC, such as the DP World Tour Championship, a golf tournament on the PGA European Tour and the climax of the European Tour Race to Dubai, and have a client list that includes public sector and multinational corporates.