Dechert advised Mr.

Eversheds Paris has advised US group Pentair on the sale of its valve division in Ham (Somme), France to the French investment group, Altifort.

The transaction was completed within the complexities of the Loi Florange, a 2014 French law which requires companies with more than 1000 employees to find a purchaser and avoid redundancies when closing down any assets.

Clifford Chance advised the joint venture formed by AUDI AG, BMW Group and Daimler AG on the sale of a 15%-stake in mapping service HERE to US chip manufacturer Intel and of a 10%-stake to a syndicate formed by two investors from China and one investor from Singapore.

Baker McKenzie advised BizLink Holding Inc., a leading provider of interconnect solutions, on its acquisition of the Electrical Appliance Assemblies business of Leoni AG by means of a share deal. The parties intend to close the transaction in the first half of 2017, subject to regulatory approval and customary closing conditions.

Joachim Herz Stiftung makes a strategic investment into Competo Capital Partners GmbH: The Hamburg based foundation acquires 25% of the Munich based investment and asset management company from Körber Stiftung. Competo founders Ralf Simon and Thomas Pscherer will be equal shareholders with Joachim Herz Stiftung and Körber Stiftung. After several real estate investments in the USA, this investment marks the entry of Joachim Herz Stiftung in the German real estate market.

Eubelius acted as transaction counsel on the EUR 5 Million investment in ViroVet NV by Biotech Fonds Vlaanderen NV, Agri Investment Fund CVBA, Gemma Frisius - Fonds KU Leuven NV, Vives II – Louvain Technology Fund NV, the Catholic University of Leuven and Aratana Therepeutics NV.

ViroVet focuses on the discovery, licensing and development of innovative vaccines and antiviral drugs to improve the health and value of livestock. With this investment, ViroVet aims to accelerate its research and development efforts and to launch its veterinary product portfolio.

Allen & Overy LLP has advised Munich-based developer and operator International Campus Group (IC) on launching a student housing fund under Luxembourg law with an equity volume of EUR 600 million. The fund’s target volume should reach up to EUR 1 billion. The main investors in the fund, which goes by the name of The FIZZ Student Housing Fund S.C.S., are Allianz and another European investor.

Leoni, a leading provider of cables and cable systems to the automotive sector and other industries, will sell its business activities with cable assemblies and harnesses for household appliances and power tools. Today, the signing of the sales and purchase agreement with the acquirer BizLink, a leading provider of interconnect solutions listed in Taiwan with headquarters in Fremont, California, has taken place. The enterprise value amounts to EUR 50 m. The sold division has locations in Germany, Belgium, Slovakia, Serbia and China. The agreement is subject to customary closing conditions.

Norton Rose Fulbright has advised SNC-Lavalin on the sale to Ciclad and Impact Holding of its ongoing activities in France and Monaco. The transaction was completed on December 30, 2016.

The transaction comprises the disposal of SNC-Lavalin’s O&M business of 19 airports located in medium-size cities in France, 13 infrastructure engineering agencies and its maintenance and operation facility of Rouen’s port. These activities include approximately 1,100 employees.

We have advised PayPoint plc on the £26.5 million sale of its mobile payments business to Volkswagen Financial Services AG. .

Corporate finance partner Tom Pickthorn led an international team advising Welwyyn-based PayPoint on the transaction, along with our “best friend” relationship firms, FIDAL in France and Bull Housser in Canada.