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Fund/Investment Management

Bär & Karrer Advises Essex Woodlands Health Ventures Funds and Other Investors on the Sale of a Large Minority Stake in Molecular Partners

19 Apr 2017

Essex Woodlands Health Ventures Funds, Index Ventures Funds, Johnson & Johnson Innovation and other long-term venture capital investors (the Selling Shareholders) reduced their holding by way of a block trade transaction in the amount of 14.36% of share capital in the Swiss listed Molecuar Partners AG, a biopharmaceutical company. Private investors acquired the shares from the Selling Shareholders in secondary block trades.

Debevoise Advises Clayton, Dubilier & Rice on the Formation of a $10 Billion PE Fund

18 Apr 2017

Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice in connection with the formation of its latest fund, Clayton, Dubilier & Rice Fund X. The fund successfully closed with total capital commitments of $10 billion. CD&R’s Fund X generated strong support from both existing investors, with more than 90% of Fund IX LPs re-committing to Fund X, and a select group of new strategic relationships that resulted in a diverse mix of nearly 200 LPs globally.

Cardinal Health to acquire leading patient product portfolio from Medtronic for $6.1 billion

18 Apr 2017

Jones Day is advising Cardinal Health on the acquisition of Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1 billion in cash. The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions, including regulatory clearances. Jones Day advised Cardinal Health on M&A, corporate, commercial, real estate, labor and employment, medical device regulatory and privacy matters.

Infratil Sells Down its 19.91% Stake in Metlifecare Limited to Forsyth Barr Limited for $237.93 Million

18 Apr 2017

Baker McKenzie and Buddle Findlay acted for Infratil in its sell down of its 19.91% stake in Metlifecare Limited to Forsyth Barr Limited, for the total amount of $237.93 million.  Buddle Findlay engaged Baker McKenzie to advise on the overseas law aspects (Metlifecare Limited is a New Zealand company with its primary listing on NZX).

Baker McKenzie lead partner, Guy Sanderson stated: "We were delighted to act for Infratil in what was a significant transaction completed in a tight timeframe."

Weil Advises GE Capital in Connection with Sales of Shares and a Demerged Organized Unit of Bank BPH S.A.

18 Apr 2017

Weil acted as legal counsel to members of the GE Capital group in connection with the sale of shares in Bank BPH S.A. to Alior Bank S.A. and the sale of a demerged organized part of the business of Bank BPH S.A in the first transaction of its kind in Poland.

The transaction was recognized as "Transaction of the Year (£100 - 500 million)" by The M&A Advisor at the EMEA Corporate Development Awards 2017 ceremony in London.

KKR to Invest US$250 Million in Masan Group and Masan Nutri-Science

18 Apr 2017

The Firm is representing KKR in connection with its pending investments in Masan Group Corporation (HOSE: MSN) and its branded meat platform, Masan Nutri-Science, which are comprised of a US$100 million purchase of secondary shares of Masan Group Corporation from PENM Partners, an independent Danish private equity company, and a US$150 million primary investment in Masan Nutri-Science for a 7.5% stake.

K&L Gates Advises Nova Satra DX Pte Ltd on US$2 Million Investment by Malaysian Conglomerate Genting

18 Apr 2017

Singapore – Global law firm K&L Gates LLP has advised molecular diagnostics and life sciences company Nova Satra DX Pte Ltd (“NSDX”) in relation to a US$2 million investment and acquisition of a minority stake in the company by Malaysian conglomerate Genting Group.

Eversheds Sutherland wraps up billion dollar deal for WestRock

18 Apr 2017

Eversheds Sutherland (International) completes $1.025 billion disposal of WestRock Company’s home, health and beauty division to Silgan Holdings Inc. NYSE listed WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. With 39,000 employees, it operates from 250 sites located in in Canada, Mexico, South America, Europe and Asia. The consideration was for $1.025 billion cash plus the assumption of approximately $25 million in foreign pension liability.

Allen & Overy advises THE NAGA GROUP AG in connection with Europe's largest FinTech Series A investments by FOSUN International

18 Apr 2017

Allen & Overy LLP advised THE NAGA GROUP AG ("NAGA") on one of Europe's largest FinTech Series A investments in 2017 by FOSUN International ("FOSUN"), a leading Chinese investment group. FOSUN invests a total of EUR 12.5 million in the Hamburg-based FinTech firm.

Homburger advises New Access SA in the acquisition of the Ambit Private Banking business from FIS group

11 Apr 2017

On April 10, 2017, New Access SA ("New Access"), Geneva, Switzerland, a company controlled by the private equity fund BlackFin Capital Partners, announced that it signed an agreement to acquire FIS group's Ambit Private Banking business. New Access provides front-office solutions to private banks, including a portfolio management system, a document management system, and a customer relationship management system.