Squire Patton Boggs’ Warsaw office represented Avallon MBO Fund II in its investment in Novo Tech Sp z.o.o in Poland and its Romanian and Belgian subsidiaries, Grass Tech Srl and Grass Tech Solutions SPRL. Novo Tech was sold to Avallon by the Indian public listed company Time Technoplast Ltd. It is reported to be the largest single investment this year in Poland by a domestic private equity firm.
PLMJ was the legal adviser to Oxy Capital which, through Fundo Mezzanine, provided financial support to Nonius, in a management-buy-out (MBO) operation that involved raising EUR 11 million in financing and the substitution of the capital invested by Caixa Capital, Beta Capital, PME Investimentos and Impresa.
Niederer Kraft & Frey advises Swiss Prime Site in connection with its successful launch of the Swiss Prime Investment Foundation with a primary issuance of CHF 550 million. Notenstein acted as distribution agent. The proceeds of the offering are invested in a real estate portfolio by the Swiss Prime Investment Foundation. The setting up of the investment foundation comprised a regulatory product approval proceeding before the Occupational Pension Supervisory Commission (OPSC).
Dusseldorf – As of 1 November 2015, the City of Hilden (North Rhine-Westphalia) will acquire 25 percent of the shares in Stadtwerke Hilden GmbH. Vendor is Stadtwerke Dusseldorf AG. The City had retained Luther Rechtsanwaltsgesellschaft mbH for advice regarding this transaction. The parties have agreed not to disclose the amount of the purchase price.
As part of the successful German TV program “Die Höhle der Löwen” (the Lions’ Den), the entrepreneur Jochen Schweizer agreed to the investment of € 250,000 in the Munich start-up Lendstar, a finance app for payment transactions and loans between friends. Lendstar and the Jochen Schweizer group have also agreed to collaborate in the future. KWM advised the Jochen Schweizer group in the context of its participation in Lendstar.
Castres & Snellman assisted Inventure, a leading Nordic early-stage venture capital company, in an investment in Finnish growth company Wirepas. Wirepas is a Finnish Internet-of-Things connectivity player looking to power billions of connected devices in dedicated multi-hop mesh networks.
Inventure manages venture capital funds with over 120 million euros in total capital base. They focus on early stage investments in technology, software and next generation of digital services.
Porsche Automobil Holding SE, Stuttgart (Porsche SE), came to an agreement with Suzuki Motor Corporation, Shizuoka, to acquire over the counter a stake of 1.5 percent in ordinary shares of Volkswagen AG, Wolfsburg. The parties involved agreed not to disclose the purchasing price. Accordingly, the stake of Porsche SE in ordinary shares of Volkswagen increases to 52.2 percent. The stake of subscribed capital will amount to 32.4 percent.
LETT assisted Thomas Sehested, who, together with Danish equity fund Northcap and a number of other business angels, has invested a total of DKK 17m in the Danish entrepreneurial company Linkfire.
Thomas Sehested, who, in 2010 sold the anti-piracy company Dtecnet to US Mark-Monitor, joins the office of Chairman of the Board of Directors of the company.
Norton Rose Fulbright has advised the TPG/ Satya, joint venture, on the acquisition of a minority stake in Yassamine Schools, one of Morocco’s largest private schools network.
Funds advised by Baillie Gifford, a UK investment manager, will invest around €75m in Rocket Internet Start-up HelloFresh. HelloFresh operates a delivery service for home-cooked meals and is now delivering over 4 million meals per month to households for home cooking in seven countries. HelloFresh is currently valued at €2.6bn. The main shareholder is Rocket Internet SE. Further investors currently include Insight Venture Partners, Phenomen Ventures and Vorwerk Direct Selling Ventures.