Freshfields Bruckhaus Deringer (‘Freshfields’) has advised CNC Investment Limited, an entity controlled by funds managed by Affinity Equity Partners, on its leveraged auction acquisition of 100 per cent of Trimco International Holdings Limited (‘Trimco’), a Hong Kong-headquartered apparel-labelling producer from Partners Group, for US$520m.
DLA Piper has advised the Luxembourg-based investment company Active Ownership Capital on the acquisition of PINTSCH BUBENZER, a leading provider of industrial brakes and subsidiary of Schaltbau Holding AG.
The acquisition was made jointly with Swedish Dellner Group-owned Dellner Brakes AB, which also provides industrial brakes. The agreement is part of a structured selling process and is expected to be completed by the end of February.
Clifford Chance is advising SABIC, a world leader in chemicals, on its proposed acquisition of approximately 83 million shares in global chemicals company Clariant from 40 North and Corvex Management. The acquisition would make SABIC the largest Clariant shareholder. SABIC currently has no plans to launch a full takeover of Clariant.
The deal marks another step towards SABIC's plans to become a global leader in chemicals, offering product differentiation and value to customers. SABIC is 70% owned by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).
Paris office represents Schmolz + Bickenbach in its successful bid to take over Asco Industries.
On January 29, the Strasbourg regional court (Tribunal de Grande Instance) announced that Schmolz + Bickenbach had been selected as buyer of a substantial part of the assets of Asco Industries as part of reorganization proceedings opened on November 22, 2017.
With a team led by Dr. Pär Johansson, Heuking Kühn Lüer Wojtek advised Franz Haniel & Cie. GmbH (Haniel) on the acquisition of Optimar, a leading provider of automated fish processing systems. Norwegian financial investors Credo Partners and the company's management are the sellers. The current management team led by CEO Håvard Sætre will continue to run Optimar as part of Haniel group. With this acquisition, Haniel is further expanding its portfolio in an innovative business area.
Skadden is advising L1 Retail, the retail arm of the LetterOne Group, on the increase of its shareholding in Distribuidora Internacional de Alimentación, S.A.
Covington advised Bacardi Limited in its definitive agreement to acquire Patrón Spirits International AG and its PATRÓN® brand, the world’s top-selling ultra-premium tequila, from John Paul DeJoria, a founder of Patrón. The transaction reflects an enterprise value for Patrón of $5.1 billion. The transaction follows the successful relationship the companies have had for nearly a decade since Bacardi’s initial acquisition of a significant minority stake in Patrón in 2008.
Paris/Hamburg/Frankfurt, Jan. 26, 2018 – An international Bryan Cave M&A team, led by Partner Fabrice Bouquier (Paris), Partner Michael Leue and Counsel Hubertus Schröder (both Hamburg), advised the Yantai Taihai Group, headquartered in Yantai, China, on the acquisition of insolvent Duisburg Tubes Production AG (DTP). DeHeng-Shi & Chen Associés in Paris also advised Yantai Taihai in France. The purchase price will remain confidential.
Berwin Leighton Paisner (BLP) have advised the management of Exactpro Systems on a management buyout. The transaction saw BLP’s clients buy the company back from the London Stock Exchange, to which they had previously sold the business.
Covington advised Bacardi Limited in its definitive agreement to acquire Patrón Spirits International AG and its PATRÓN® brand, the world’s top-selling ultra-premium tequila, from John Paul DeJoria, a founder of Patrón. The transaction reflects an enterprise value for Patrón of $5.1 billion. The transaction follows the successful relationship the companies have had for nearly a decade since Bacardi’s initial acquisition of a significant minority stake in Patrón in 2008.