Wragge Lawrence Graham & Co's Private Equity team in Paris has advised longstanding client Société Générale Capital Partners, in partnership with Sagard and Euromezzanine, on the leveraged buyout of specialty chemicals distributor Safic-Alcan from Parquest Capital.
Slaughter and May is advising Towry Holdings Limited (Towry) on the recommended acquisition by one of its wholly owned subsidiaries of Ashcourt Rowan plc (Ashcourt Rowan) by way of a scheme of arrangement. The acquisition was announced on 2 February 2015.
Ashcourt Rowan shareholders will receive consideration per share comprising 270 pence in cash plus 5 pence principal amount of loan notes. The cash consideration values Ashcourt Rowan at approximately £97 million.
De Brauw has assisted SNS REAAL on the EUR 150 million divestment of VIVAT Verzekeringen, formerly known as REAAL, to leading Chinese insurance company Anbang Group Holdings. Anbang has agreed to strengthen VIVAT’s solvency through a capital injection.
Shearman & Sterling has advised Bayerische Landesbank on financing the acquisition of the camano group by the private equity investor AFINUM.
Camano – family run until now and based in Pleinfeld, Franconia – is one of Germany's largest hosiery manufacturers and suppliers and an official licensee of the fashion brand s.Oliver. AFINUM is one of the leading medium-size private equity investors in the German-speaking market.
CMS London has acted for Siemens Financial Services (“SFS”) and Mainstream Renewable Power Limited ("Mainstream") on the sale of their remaining 66.66% ownership interest in the 1.2GW UK offshore wind development, Hornsea Project One, to DONG Energy. The project has been developed by SMart Wind (a 50/50 joint venture between Mainstream and SFS) and DONG.
This deal follows on from CMS's original advice to SFS and Mainstream in 2011 on the initial sale of a one third interest in the project to DONG.
Nabarro has advised Numis Securities as sponsor, nomad and broker on a £20 million placing for main market-listed CPPGroup Plc (CPP) and the subsequent move of CPP from the Official List to AIM, which completed on 11 February 2015.
The transaction also involved a proposed refinancing and creditor restructuring, capital reorganisation and waiver of the Rule 9 mandatory offer requirements of the Takeover Code. The transaction is intended to stabilise CPP's platform, improve liquidity, and provide a more appropriate capital structure to support its future development.
Shearman & Sterling has advised Fairfax Financial Holdings Limited (“Fairfax”) on a recommended £1.22 billion cash offer through which the entire issued and to be issued ordinary share capital of Brit plc will be acquired by Fairfax. Under the terms of the offer, Brit shareholders will be entitled to receive 305 pence in cash per Brit share.
White & Case LLP has advised the lenders, including Commerzbank Aktiengesellschaft as global coordinator, on the financing of the acquisition of Automotive Climate Control Inc. by Spheros North America Inc., a member of the Spheros Group.
Macfarlanes has advised leading independent provider of advisory and restructuring services Zolfo Cooper Europe and its partners on its successful sale to global business advisory firm AlixPartners.
The Macfarlanes team was led by head of M&A Ian Martin, who comments: “It has been a privilege to be trusted to advise the 25 plus partners of Zolfo Cooper on a transaction that brings together two such complementary businesses in the advisory and restructuring services market”.
Head of tax Ashley Greenbank provided tax advice.
White & Case LLP has advised HSBC, as Global Coordinator and Sole Bookrunner, in connection with ORPAR's issue of €170 million zero coupon bonds, due 2019, exchangeable for existing Rémy Cointreau ordinary shares. ORPAR, controlled by the Heriard Dubreuil family, holds 50.23 percent of the Remy Cointreau's share capital and 66.08 percent of its voting rights.