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M&A: Acquiror's Counsel

Charles Russell Speechlys advises Berkshire Hathaway subsidiary Shaw Industries on acquisition of STS

02 Feb 2018

Charles Russell Speechlys were pleased to advise Shaw Industries Group, Inc. (Shaw) on the acquisition of Scotland-based carpet tile manufacturer Sanquhar Tile Services (STS).

Shaw is the largest carpet tile manufacturer in North America and the acquisition expands its carpet tile footprint to meet the needs of its global customers, complementing its carpet tile manufacturing facilities in the USA and China.

The financial terms of the transaction were not disclosed.

Clifford Chance advises Grohe Beteiligungs GmbH on the total takeover of Grohe AG

02 Feb 2018

Clifford Chance advised Grohe Beteiligungs GmbH on the total takeover of Grohe AG by excluding the minority shareholders.

On 21 November 2017, the Annual General Meeting of Grohe AG decided to transfer the shares of the minority shareholders of Grohe AG to the main shareholder Grohe Beteiligungs GmbH. Grohe pays a cash compensation of EUR 63,48 for each share. With the exclusion of minority shareholders, Grohe Beteiligungs GmbH is now the exclusive owner of Grohe AG.

Dentons advises Georgia’s #1 telecom Silknet on US$153 million acquisition of Geocell

01 Feb 2018

Dentons successfully advised Silknet, Georgia’s largest fixed-line telecommunications company, on the acquisition of Geocell, the second-largest mobile operator in the country. The value of the acquisition was US$153 million.

The acquisition, announced on January 26, 2018, will create the integrated telecom operator in Georgia, combining the broadband, pay TV and fixed line operations of Silknet with the mobile telecommunication activities of Geocell. The acquisition is expected to be completed in the second quarter of 2018 after regulatory approvals.

G+T advises Beach Energy on successful completion of $1.585 billion acquisition of Lattice Energy

01 Feb 2018

Gilbert + Tobin have advised Beach Energy Limited (Beach Energy) on the successful completion and financial close of its $1.585 billion acquisition of Lattice Energy Limited (Lattice Energy) from Origin Energy Limited. Lattice Energy holds interests in conventional upstream oil and gas assets across Australia and New Zealand, including in the Otway, BassGas, Halladale Speculant and Black Watch, Kupe, Waitsia, Beharra Springs and Cooper Basin gas projects.

Completion and financial close of the transaction occurred on 31 January 2018.

Slaughter and May is advising Palamon Capital Partners on its acquisition of Thomas International

01 Feb 2018

Slaughter and May is advising Palamon Capital Partners on its acquisition of a majority stake in Thomas International, a leading international provider of psychometric assessment solutions, with a focus on the small and medium-sized enterprise market with 81 offices in 58 countries.

Palamon Capital Partners is a private equity partnership focussed on providing equity for European growth services companies.

Contacts

SAP acquires French chatbot start-up Recast.ai

01 Feb 2018

Baker McKenzie has advised SAP, the German software giant which specializes in software and services for businesses, in the context of its acquisition of the start-up Recast.ai.

This transaction will allow SAP to complete its machine learning service offering and is part of the €2 billion investment plan to promote innovation in France which was launched by the software publisher in January 2018.

Slaughter and May is advising Palamon Capital Partners on its acquisition of Thomas International

01 Feb 2018

Slaughter and May is advising Palamon Capital Partners on its acquisition of a majority stake in Thomas International, a leading international provider of psychometric assessment solutions, with a focus on the small and medium-sized enterprise market with 81 offices in 58 countries.

Palamon Capital Partners is a private equity partnership focussed on providing equity for European growth services companies.

Contacts