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M&A: Acquiror's Counsel

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.

TAKKT acquires Equip4Work Ltd

01 Feb 2018

Travers Smith LLP has advised TAKKT AG on its acquisition of Equip4Work Ltd, a leading British online retailer for office furniture.

Equip4Work, which was founded in 2004, is based in Dumfries, Scotland, and specialises in the sale of office furniture such as desks, chairs and cabinets under its primary sales brand OfficeFurnitureOnline.

The company, which also sells warehouse and business equipment under the Equip4Work brand, generated £40 million in sales last year.

Schulte Advises Marlin Equity Partners in Bazaarvoice Inc. Acquisition

01 Feb 2018

Schulte represented Marlin Equity Partners in its acquisition of Bazaarvoice Inc., a provider of consumer-generated content, advertising and personalization solutions. Helping brands and retailers find and reach consumers, each month in the Bazaarvoice network more than one-half billion consumers view and share authentic consumer-generated content across 5,000 brand and retail websites. Under the terms of the agreement, Marlin acquired each share of outstanding common stock of Bazaarvoice in exchange for $5.50 in cash for a total value of approximately $521 million.

Norton Rose Fulbright advises Chinese Lei Shing Hong Group on expansion in Germany

01 Feb 2018

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.

SAP acquires French chatbot start-up Recast.ai

31 Jan 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.

CMS advises Swedish appliance company, Electrolux, on acquisition of Schneidereit GmbH

31 Jan 2018

Stuttgart – The Swedish appliance company, Electrolux, has acquired Schneidereit GmbH.

A team from CMS Germany led by lead partner Dr Thomas Meyding advised Electrolux on all legal aspects of the transaction. The transaction is still subject to clearance by the competition authorities.

Schneidereit GmbH offers laundry machines and laundry systems, including service solutions for professional customers in Germany and Austria.

CMS advises Swedish appliance company, Electrolux, on acquisition of Schneidereit GmbH

31 Jan 2018

Stuttgart – The Swedish appliance company, Electrolux, has acquired Schneidereit GmbH.

A team from CMS Germany led by lead partner Dr Thomas Meyding advised Electrolux on all legal aspects of the transaction. The transaction is still subject to clearance by the competition authorities.

Schneidereit GmbH offers laundry machines and laundry systems, including service solutions for professional customers in Germany and Austria.