Hamburg – Long-established shipping company John T. Essberger has acquired Crystal Nordic, a Denmark-based operator of 14 chemical tankers. The vendors are Nordic Tankers and Embarcadero Maritime.
A CMS team headed by Dr Christian v. Lenthe and Dr Marc Riede advised John T. Essberger on all legal aspects of the transaction. On the Danish side, CMS Germany cooperated with Danish law firm Kromann Reumert. The purchase price was not disclosed.
Willkie represents Brookfield in the transaction, expected to close in the third quarter of 2018.
On January 4, Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) announced that it has entered into an agreement to acquire 100% of Westinghouse Electric Company, a leading global provider of infrastructure services to the power generation industry, currently owned by Toshiba Corp.
Slaughter and May acted for Scientific Games Corporation ("Scientific Games") on its acquisition of NYX Gaming Group Limited ("NYX"). The transaction was completed on Friday 5 January 2018 and was executed by way of a court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008. The offer was approved by an overwhelming vote of NYX shareholders on 20 December 2017.
CMS has advised Broekhuis Group, a leading automotive company in the Netherlands. The group has a lease division, car repair shops and dealerships for inter alia BMW, Ford, Land Rover, Seat, Skoda and Volkswagen. Martin Schilder is dealer of inter alia Volkswagen, Audi, Seat, Skoda and Fiat. In addition, the company is active in car damage repair, car rental, petrol stations, in-vehicle equipment and insurance.
Broekhuis signed an agreement to acquire all shares in Martin Schilder, except for its lease division.
Cross-border Eversheds Sutherland team advises CyrusOne on its agreement to acquire Zenium Data Centers
Eversheds Sutherland has advised US firm CyrusOne Inc. (CyrusOne), a premier global data center REIT, on its agreement with Quantum Strategic Partners Ltd (Quantum) to acquire Zenium Data Centers (Zenium), a leading hyperscale data center provider in Europe, for $442 million.
Quantum is a private investment fund managed by Soros Fund Management LLC. Zenium has four properties in London and Frankfurt, the continent’s two largest data center markets.
Fried Frank acted as counsel to Ascential plc (LSE: ASCL.L), a global business-to-business information company, on its acquisition of Clavis Insight for an initial cash consideration of US$119 million paid in December 2017 plus future earnout payments payable over three years. The total consideration is capped at US$219 million and a portion of the earnout is subject to the founders remaining employed by the company.
Cleary Gottlieb is advising DCC Germany Holding GmbH, part of the DCC Group, in its acquisition of TEGA - Technische Gase und Gasetechnik GmbH from Linde.
TEGA’s business focuses on the distribution of liquefied petroleum gas (LPG) and refrigerant gases.
Hill Dickinson has recently advised AIM-listed client SigmaRoc plc on its acquisition of Poundfield Products (Group) Limited (Poundfield) for £10.25 million.
SigmaRoc is a construction materials group with a buy-and-build investment strategy focusing on acquiring and operating both upstream and downstream heavy construction materials businesses.
Slaughter and May is advising a consortium of investors led by Draper Gain Investments Limited on the acquisition of privately owned International Trimmings and Labels Plc, a leading designer, manufacturer and distributor of apparel labelling and identification products and supply chain management solutions with operations in the United Kingdom, Canada, China, India, Sri Lanka, Turkey, Bangladesh, Vietnam, Mexico, North America and South Africa. The transaction, effective as of 31 December 2017, values ITL at $187m on a debt-free, cash-free basis.