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Fund/Investment Management

Eversheds advises Lifes2Good on the sale of Viviscal hair care business

30 Jan 2017

Eversheds recently acted for Lifes2Good on the sale of its Viviscal hair care business to Church & Dwight, a listed US company and the owner of brands including Arm & Hammer. Lifes2Good is a Galway based company with offices in Chicago, London, Canada, Australia and Portugal.
 
The Eversheds team advising Lifes2Good was led by the Head of the Corporate & Commercial Department, Gerard Ryan who was assisted by Senior Associate Enda Cullivan.

Ashurst advises EnQuest on acquisition of 25% stake in Magnus oil field from BP

30 Jan 2017

Ashurst is advising EnQuest plc, the largest independent UK oil producer in the UK North Sea, on its agreement to buy a 25% stake in BP's Magnus oil field. EnQuest will also acquire 25% of BP’s interest in associated pipeline infrastructure in the UK’s northern North Sea and a 3% interest in the Sullom Voe Terminal (SVT) on Shetland from BP Exploration Operating Company Limited.

The US$85 million consideration will be funded by deferred consideration payable from the cash flow from the assets. 

Osborne Clarke advises Rush Hair Limited on its £16m investment by LDC

30 Jan 2017

Osborne Clarke has advised Rush Hair Limited’s management and shareholders in an equity release transaction that was backed by a £16m investment from private equity house LDC.

Launched over 22 years ago by hairdressers Andy Phouli and Stell Andrew, Rush is a nationwide hairdressing chain with 85 branches. The business employs over 1,100 stylists and beauticians and serves over 13,000 customers a week. LDC’s investment will increase its market position, supporting a drive to double the number of stores in the next four years.

Gleiss Lutz advises Charles Vögele and its shareholders on the sale of the German Charles Vögele store network

26 Jan 2017

The fashion retailer Charles Vögele has sold a large part of its German store network to the retailers TEDi, WOOLWORTH and KiK. Gleiss Lutz advised Charles Vögele and its share-holders OVS and Sempione Retail comprehensively in the course of this transaction.

In the future, the three retailers TEDi, WOOLWORTH and KiK will, subject to the consent of the lessors, operate these stores under their respective brands and with their specific business concepts,. It is currently planned to transfer the rental agreements in the second quarter of 2017.

Presswerk Krefeld Acquires Kunze Group Business Units

26 Jan 2017

Baker McKenzie advised the automotive supplier Presswerk Krefeld on the acquisition of the business units of IBEX Automotive GmbH and the Kunze GmbH brothers out of insolvency. Sellers were the insolvency administrators RA Rüdiger Wienberg (for Gebrüder Kunze GmbH) and RA Kai Dellit (for Ibex Automotive GmbH) of hww. The parties agreed not to disclose the value of the transaction.

Heuking Kühn Lüer Wojtek advises youmex AG on taking over the private client business of inprimo privatinvest GmbH

26 Jan 2017

A team led by tax law expert Klaus Weinand-Härer, banking supervisory law expert Dr. Christoph Gringel, and Corporate/M&A expert Dr. Mirko Sickinger of the business law firm of Heuking Kühn Lüer Wojtek advised youmex AG, Frankfurt am Main, on taking over inprimo privatinvest GmbH's private client business. The business was integrated into youmex Wealth Management AG as a subsidiary of youmex AG.
 

Gide, counsel to Idinvest on its investment in Neurala

26 Jan 2017

Gide has advised Idinvest on its investment, via its fund Electranova Capital and in partnership with Ecomobility Ventures, in Neurala alongside Pelion Venture Partners, Sherpa Capital, Motorola Solutions Venture Capital, 360 Capital Partners, Draper Associates Investments and SK Ventures. The seed round raised USD 14 million. Based in Boston, Neurala is the pioneer in deep learning neural network software that helps machines and robots learn and interact with the world.

The team was comprised of partner David-James Sebag and Pauline Schaeffer