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M&A: Acquiror's Counsel

Ashurst advises DBAG on acquisition and financing of Sjolund

16 Jan 2018

Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components. As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management.

Eversheds Sutherland advises Bridges-backed Viva Gym on its acquisition of Fitness Hut to create Iberian low-cost market leader

16 Jan 2018

Eversheds Sutherland has advised Viva Gym (Viva), a leading Spanish low-cost gym business, on its acquisition of Fitness Hut, the leading Portuguese low-cost gym business.

The deal was led by specialist sustainable and impact investor Bridges Fund Management (Bridges). It will create the biggest low-cost fitness group in the Iberian region, with 200,000 members across 48 sites, combined revenues of over €50m, and ambitious growth plans for the next few years.

Cartonplast acquires the French branch of Demes Palettenlogistik

16 Jan 2018

Baker McKenzie has advised Cartonplast on the acquisition of the French branch of Demes Palettenlogistik, a German company. Cartonplast is a leading player in the reconditioning of plastic layer pads (PLPs), which are indispensable for the transport of glass, metal or PET containers in the food industry. The Cartonplast model encourages the reuse of these materials and is built upon strong commitments in terms of respect for the environment.

White & Case Advises Duke Street on Acquisition of A-ROSA

15 Jan 2018

White & Case LLP has advised Duke Street, a private equity firm focused on leveraged buyout and growth capital investments in European middle market companies, on the acquisition of A-ROSA Flussschiff GmbH (A-ROSA).

The seller is Waterland, an independent private equity investment company, and the parties have agreed not to disclose the purchase price. The transaction, Duke Street's second investment in Germany, is subject to approval by the relevant antitrust authorities.

TLT acts on Novoferm expansion in the UK

15 Jan 2018

TLT has helped German-headquartered Novoferm Europe Limited expand its operations with the acquisition of UK-based Bolton Gate Services Limited.
Novoferm – the European subsidiary of Tokyo-listed Sanwa Shutter Corporation and one of Europe's largest suppliers of entrance solutions – has acquired 100% of Bolton Gate Services – a leading provider of 24/7 door and shutter maintenance and repair services across the UK.