Global law firm Norton Rose Fulbright has advised the Chinese Lei Shing Hong Group, the world’s largest dealer for Mercedes Benz cars, on the takeover of Autohaus Sternagel GmbH and Autohaus Sternagel Ludwigsfelde GmbH. The takeover includes three operational properties by its German subsidiaries. A total of four locations is affected by the takeover: two car dealers in Potsdam, one car dealer in Nauen and one service location in Ludigsfelde. The execution of the acquisition is still subject to the approval by the German Federal Cartel Office.

Ashurst has advised CHA Healthcare Singapore Pte Ltd (CHA Healthcare) and Singapore Medical Group Limited (SMG) (together, the Consortium) on their acquisition of approximately 65% of City Fertility Clinics, which are operated by CFC Global Pty Ltd (CFC Global), the fourth largest fertility services provider in Australia.

CFC Global operates seven clinics to provide laboratory, nursing and IVF services. The business also includes genetic testing support, and sperm and egg donor services.

King & Wood Mallesons (KWM) acted for Hanson Australia on its acquisition of Australia-based recycling and asphalt business Alex Fraser Group.

Alex Fraser offers a network of facilities across Melbourne and Brisbane, and was listed for sale in 2017 by UK-based Swire Group.

The KWM team was led by Sydney based Mergers & Acquisitions Partner Adrian Perkins, supported by Senior Associate James Slimnicanovski and Solicitors Will Mason, Sam Monk and Will Bartlett.

Ambitious Midlands Business Targets Further UK Growth

Telford-based outsourced waste management services provider, Reconomy, has hit the acquisitions trail again and announced the purchase of Waste Check Limited.

Waste Check is based in Bromsgrove and was established in 2008 by Mark and Karl Jenkins. It offers a complete range of waste management services to commercial, domestic, industrial, demolition and construction companies, with a large presence in the private hospital and care centre sectors.

Davis Polk advised Grupo Financiero Santander Mexico, S.A.B. de C.V. ("Grupo Financiero Santander Mexico") and Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico ("Banco Santander (Mexico)") on Grupo Financiero Santander Mexico's merger with and into Banco Santander (Mexico), its principal subsidiary. Shareholders received one share of Banco Santander (Mexico) for each share of Grupo Financiero Santander Mexico held, and Grupo Financiero Santander Mexico ceased to exist as a separate legal entity upon consummation of the merger.

King & Wood Mallesons (KWM) has advised Shenzhen-listed By-Health Co., Ltd. on the acquisition of Australian probiotic market leader Life-Space Group, for a purchase price of up to A$690 million.

The transaction represents By-Health’s first major outbound acquisition in the Australian healthcare industry, with Life-Space operating the Evolution Health and Ultramix businesses as well as the Life-Space brand of probiotics.

De Brauw has acted as Counsel to ING Bank in the acquisition of 75% stake in Payvision.

Client name
ING Bank N.V.
 
Other parties involved
Payvision Holding B.V., Founding management.
 
Nature of transaction
ING has reached agreement to acquire a 75% stake in Payvision, an international omnichannel payments service provider, valued at EUR 360 million. The founding management of Payvision will hold a 25% minority stake and will continue to lead the company. The acquisition allows ING to further invest in the payments business.

Kirkland & Ellis International LLP advised Bain Capital Private Equity on its acquisition of Bugaboo International, a Dutch design company that develops and produces mobility products. Bugaboo is particularly well known for its iconic stroller, which it launched in 1999. The transaction, the value of which was not disclosed, signed on February 2, 2018.

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King & Wood Mallesons (KWM) has advised Shenzhen-listed By-Health Co., Ltd. on the acquisition of Australian probiotic market leader Life-Space Group, for a purchase price of up to A$690 million.

The transaction represents By-Health’s first major outbound acquisition in the Australian healthcare industry, with Life-Space operating the Evolution Health and Ultramix businesses as well as the Life-Space brand of probiotics.

Sheffield-based Westfield Health has acquired health cash plan provider Bolton & District Hospital Saturday Council (BDHSC).

BDHSC, trading as UK Healthcare, is a not-for-profit health provider with a nationwide corporate and consumer customer base and an annual turnover of £4m.

Established in 1877, BDHSC has a nationwide corporate and consumer customer base, and currently has a strong presence in the North West in particular.