Washington D.C., 12 December 2016 – Hogan Lovells represented 3M, a global science company, in agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, a world leader in digital security, for $850 million.
VISCHER assists Harmony Medical Inc. as investor in the second closing of the ongoing CHF 10 m Series A financing round of Biovotion Ltd., Zürich. Biovotion Ltd is a leading wearable physiology monitoring company and provides integrated solutions with connected hardware and value-added monitoring services. Biovotion Ltd’s digital health solutions support users in keeping a healthy lifestyle, improve healthcare treatment outcomes, and aiming to reduce cost of health provision. Harmony Medical Inc.
Travers Smith LLP has acted for Ancala Midstream Acquisitions Limited (“Ancala”), which has entered into an agreement with Apache Beryl I Limited (“Apache”) to acquire Apache’s 30.28 per cent interest in the Scottish Area Gas Evacuation system (“SAGE”) and its 60.56 per cent interest in the Beryl pipeline – both of which are located in the North Sea.
As part of the transaction Ancala has entered into an operating services agreement with Wood Group PSN Limited.
Addleshaw Goddard's Manchester Corporate team has advised Livingbridge on its £23m investment into the largest global provider of email signature software, Exclaimer.
The deal, will allow Exclaimer to develop key relationships, expand both its scale and product range and invest further in the businesses infrastructure, ensuring that it continues to capitalise on its market leading position.
The investment from Livingbridge is the13th and final investment from the Livingbridge 5 fund which was set up in 2012.
Clifford Chance has advised Amsterdam-headquartered private, retail and corporate banking provider ABN AMRO on the sale of its private banking operations in Asia and the Middle East to international private banking and asset management group LGT. The transaction involved the divestment of ABN AMRO's Asia and Middle East operations which manage around US $20 billion of client assets as the group seeks to strengthen and grow it's Northwest Europe private banking operations.
Clifford Chance has advised Cambian Group plc, one of the UK's leading specialist behavioural health service providers, on the proposed disposal of its Adult Services Business to Cygnet Health Care Limited, a wholly owned subsidiary of Universal Health Services, Inc., for cash consideration of £377 million.
The cross practice group team was led by Corporate Partners Gareth Camp and Joel Ziff and Senior Associate Nick Spurrell, with support from fellow Partners André Duminy on transitional services arrangements and Nick Mace on tax.
Oatly is Scandinavia’s leading brand of plant-based, dairy-free products and a pioneer in the Swedish food industry that has empowered consumers to eat in an ethical and environmentally-friendly way, through its sustainable high-fibre dairy-free oat-based range. Based in the south of Sweden with headquarters in Malmö and a production and development center in Landskrona, Oatly currently employs about 120 people and its products are available in more than 20 countries throughout Europe and Asia.
On 30 November 2016, bpost has successfully completed its acquisition of the Belgian activities of Lagardère Travel Retail (cf. bpost press release).
The Belgian Competition Authority authorized this transaction on 8 November 2016, subject to a number of commitments.
Eubelius served as counsel to bpost. Erwin Destuyver and Erik Voets assisted bpost in relation with the M&A aspects of the transaction while Jan Bocken and Stijn Goovaerts assisted bpost throughout the merger clearance process before the Competition Authority.
Eubelius acted as legal counsel to Belfius, bpost and Proximus for the incorporation of and the initial investment in the IT start-up Citie NV.
Fieldfisher has advised Office for Public Management Limited (OPM Group) on an investment of £300,000 in it by Capital for Colleagues plc (C4C) - an investment which will be used to develop infrastructure, as well as for working capital.