Osborne Clarke has advised science and engineering company QinetiQ Group plc on its £57.5 million acquisition of Meggitt Target Systems from Meggitt, on a cash-free, debt-free basis.
As part of the acquisition, QinetiQ acquires Meggitt Defence Systems Limited from Meggitt plc and Meggitt Holdings Canada Inc. from Meggitt International limited (together “Meggitt Target Systems”).
Herbert Smith Freehills has advised Reliance Communications (RCOM) on the signing of binding agreements with Brookfield Infrastructure and its institutional partners to sell its towers business.
RCOM will receive an upfront cash payment of US$1.6 billion on completion of the transaction, which will be used to reduce the company's debt. This transaction represents the largest ever investment by any overseas financial investor in the infrastructure sector in India.
Allen & Overy is advising long-standing client 21st Century Fox on its takeover offer for Sky plc. The acquisition will create a global leader in content creation and distribution and will add the strength of the Sky brand to 21st Century Fox's existing media portfolio, including Fox, National Geographic and Star.
The cash offer values the 60.9% of Sky that 21st Century Fox does not already own at GBP11.7 billion. The transaction has been unanimously recommended by the independent committee of the board of Sky.
Olswang has advised Iliffe Media, the publisher owned by the Hon. Edward Iliffe, on its acquisition of 13 local newspaper titles and associated websites in East Anglia and the East Midlands from Johnston Press plc. The titles acquired by Illiffe Media include the Bury Free Press, Grantham Journal, Spalding Guardian and Stamford Mercury.
London—Dentons has advised AIM-listed ULS Technology plc ("ULS"), the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, on its acquisition of Conveyancing Alliance Holdings Limited ("Conveyancing Alliance") and its UK subsidiary Conveyancing Alliance Limited.
Global law firm White & Case LLP has advised Zetes Industries SA on the sale by its key shareholders, Cobepa and Zephir Corporation, of a controlling participation in Zetes to Panasonic Group.
The transaction was signed in Brussels on December 22, 2016. Brussels-based White & Case partner Thierry Bosly, who co-led the Firm's deal team, said: "We successfully supported a complex and challenging deal which represents the further development of our Belgium-listed client Zetes."
Mayer Brown represented Spearhead Integrated Marketing Communication Group on the acquisition of all shares in Smaato Holding AG from more than 30 sellers situated in the USA, Asia and Europe for a purchase price of up to US$ 148 million.
ÅAC offers the satellite market avionics products (electronics for aerospace) with focus on data handling, such as on-board computers and mass storage and power supply. ÅAC also markets entire satellites in consortiums with other specialised suppliers. The focus is on micro satellites. ÅAC’s technical competence is in the advanced and robust, fault-tolerant microelectronics for critical applications. ÅAC is based in Uppsala.
A team led by Munich-based partner Boris Dürr advised Alois Kober GmbH, Kötz, Germany, on the sale of AL-KO Vehicle Technology’s Actuation Systems division. The plants in Zellberg im Zillertal and a plant in Sura Mica, Romania, will be acquired by General Aerospace GmbH, Eschbach. The transaction will close on December 31, 2016.
Slaughter and May advised GoDaddy on its acquisition of Host Europe Group (HEG) from the private equity firm Cinven for €1.69 billion, including €605 paid to the selling shareholders and €1.08 billion in assumed net debt.