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M&A: Seller's Counsel

CMS ad­vises Mutares AG on the sale of the Gee­sinknorba group

15 Sep 2017

CMS has advised Mutares AG on the sale of the Geesinknorba group to the Chinese greentech fund Firion Investments.

Geesinknorba is a leading European provider of technical solutions for waste collection. The Company develops, produces and distributes innovative refuse collection vehicles and stationary presses.

Mutares acquires companies that are being sold in the course of a repositioning process and that show a clear operational improvement potential. The shares of Mutares are listed on the Frankfurt Stock Exchange.

US advises on acquisition of Fidelis Care by Centene Corporation

15 Sep 2017

Our New York, Dallas, Houston, San Antonio and Washington, DC offices represented New York State Catholic Health Plan, Inc., d/b/a Fidelis Care New York in the US$3.75 billion acquisition of its entire health insurance business by Centene Corporation, represented by Skadden, Arps, Slate, Meagher & Flom LLP. The deal has been covered extensively in the press, including CNBC, USA Today, Fortune, Forbes, WSJ and others.

DLA Piper advises FiveTen Group on the sale of its recruitment brand in Russia

15 Sep 2017

DLA Piper has advised FiveTen Group on the sale of Antal Russia, one of the largest recruitment companies in Russia and other CIS countries, to Antal International Group.

Founded in 1994, Antal Russia used to be part of the Antal International Group. In 2008 Antal Russia was sold to FiveTen Group in one of the largest private recruitment company sales in Russia. In June 2017 Antal Russia was reacquired by Antal International.

DLA Piper assisted the client with all the aspects of this complex deal, including tax and regulatory matters.

Austria: Schoenherr advises Schweighofer Group on sale of Schweighofer Fiber to TowerBrook Capital Partners

14 Sep 2017

Schoenherr has advised Schweighofer Group on the sale of Schweighofer Fiber GmbH ("Schweighofer Fiber"), to private equity group TowerBrook Capital Partners L.P., London/New York ("TowerBrook Capital Partners").

The closing of the transaction took place on 12 September 2017.

The Schweighofer Group is one of Europe's leading timber processing companies exporting products to over 70 countries worldwide. Following the sale, which was purely strategic, Schweighofer Group will concentrate on its core business of wood processing.

Norton Rose Fulbright advises VOXX International Corporation on the sale of Hirschmann Car Communication

11 Sep 2017

Norton Rose Fulbright and Levy, Stopol & Camelo, LLP have advised VOXX International on the sale of Hirschmann Car Communication to Swiss-headquartered TE Connectivity.

VOXX International Corporation is a leading, New York-listed global manufacturer and supplier of consumer electronic products in the automotive, premium audio, and accessory industries. Due to a strategic reorientation, VOXX International has decided to sell the Hirschmann Car Communication Group, which has only been acquired in 2012.