Navabi completed its Series D financing round. With its investment in the online dealer specialising in plus size ladies fashion, Bauer Ventures joins the venture capital funds Index Ventures, Seventure Partners, DuMont Venture and Klaus Wecken. The round‘s total investment volume amounted to EUR 25m Euros including an equity for media arrangement with the Bauer Media Group.  

Taylor Wessing advised navabi on all relevant legal issues connected with the stake taken by the new investor.

Legal advisors to navabi GmbH:

Niederer Kraft & Frey advises Quantica Capital AG, an asset management company focused on quantitative investment strategies, in connection with its successful authorization by the Swiss Financial Market Supervisory Authority FINMA as asset manager of collective investment schemes.

Schlumberger Limited is acquiring a minority equity interest in Cayman registered and London Stock Exchange listed Eurasia Drilling Company Limited (EDC). EDC is the largest provider of onshore oil and gas drilling services in Russia.

Chinese business group enters the football club through a capital increase valued at €45 million

Dalian Wanda, a Chinese business group leader in the hotel, leisure and real estate sector, has entered an agreement with the majority shareholders of Club Atlético de Madrid, S.A.D. to subscribe 20% of the company’s share capital in a future capital increase valued at €45 million. The public limited sports company’s general meeting of shareholders has yet to approve the transaction.

Sasseur Group, one of the largest developers and operators of outlet malls in China, officially announced the completion of its Series B financing led by L Capital Asia, an LVMH-sponsored private equity fund. This investment is L Capital Asia’s second largest one in China.

Zhong Lun Law Firm acted as the PRC counsel to L Capital Asia. The legal team from Zhong Lun was led by Anthony Zhao and included Mona Hu, Raphael Liu and Zhao Li, etc.

Noerr has advised Augusta Technologie AG (Munich) on a squeeze-out under merger law. At an extraordinary general meeting of Augusta, the transfer of the shares of the minority shareholders to the main shareholder TKH Technologie Deutschland AG was approved with reasonable cash compensation. The squeeze-out and the merger of Augusta into TKH will become effective on entry in the Commercial Register.

A merger related squeeze-out was resolved at WMF AG’s extraordinary general meeting resulting in the transfer of the minority shareholders’ shares to the majority shareholder Finedining Capital AG (“Finedining”), a holding company indirectly controlled by funds advised by KKR (together with affiliates, “KKR”).

Hengeler Mueller is advising KKR and Finedining on the transaction as on the voluntary public tender offer to the holders of preference shares of WMF AG

Milbank, Tweed, Hadley & McCloy LLP has advised the growth investor General Atlantic on the successful merger of FlixBus and MeinFernbus and the associated investment of General Atlantic into the new joint venture. MeinFernbus, from Berlin, and FlixBus, headquartered in Munich, both founded in 2011, are the pioneers in the German long-distance bus travel market and are merging to form one long-distance bus travel company.

Schoenherr advised AIM Software Group ("AIM") on the receipt of an investment from and transfer of a majority interest to U.S.-based private equity firm Welsh, Carson, Anderson & Stowe (“WCAS”). AIM is a leading provider of data management software products to the financial services industry. Under the terms of the transaction, which was announced on 14 January 2015, AIM’s existing management team will continue to operate the business and maintain a significant ownership stake in the company.

Watson Farley & Williams (“WFW”) has advised the private equity arm of EFG Hermes, the leading investment bank in the Middle East, and its investment vehicle Vortex Energy Investments, in relation to the €160 million acquisition of a 49% stake in EDP Renewables France.