Simpson Thacher recently represented Stonepeak Infrastructure Partners in connection with the acquisition of euNetworks. The transaction is subject to customary closing conditions.
euNetworks owns and operates dense fiber-based metropolitan networks in 14 sites in Europe, connected by an intercity backbone covering 49 cities in 15 countries.
Shearman & Sterling is advising Novartis on its proposed $3.9 billion acquisition of Nasdaq-listed Advanced Accelerator Applications, a radiopharmaceutical company that develops, produces and commercializes Molecular Nuclear Medicines. The transaction will strengthen Novartis' oncology presence with both near-term product launches as well as a new technology platform with potential applications across a number of oncology early development programs.
Osborne Clarke has advised British entrepreneur and businessman, Jamie Waller and his investment vehicle, on the acquisition of Arum Systems Limited (“Arum”) a boutique consultancy and credit management specialist.
The acquisition was completed one month after Arum released its annual financials showing a third consecutive year of double digit growth. No significant changes are planned for Arum or its management team, but there will be further investment in people, processes and services.
A team with members from several offices led by Stuttgart partner Dr. Hermann Ali Hinderer advised CGS IV (Jersey) L.P., an investment fund managed by Switzerland-based CGS Management AG, on the acquisition of a majority stake in Sturtz Maschinenbau GmbH. Together with management, which will continue to hold a stake in Sturtz Maschinenbau GmbH, CGS is pursuing the objective of positioning Sturtz Maschinenbau even better on international markets.
Herbert Smith Freehills has advised Ausgrid on its acquisition of the Active Stream smart metering business from AGL Energy Limited. Active Stream has more than 230,000 digital meters across New South Wales, Queensland and South Australia.
As part of the transaction, the parties will enter into a services agreement under which Active Stream will continue to supply non-exclusive metering services to AGL following completion.
Ashurst has advised organic baby food company Bubs Australia Limited (Bubs) on its agreement to acquire 100% of NuLac Foods (NuLac), the owner of the CapriLac and Coach House Dairy brands, and a 49.9% equity interest in the dairy facilities producing NuLac Foods products, including Uphamgo Australia Pty Ltd, a CNCA certified producer of adult goat milk powder and a range of related dairy foods (Milk Processing JV).
Hogan Lovells is advising Synopsys in its pending acquisition of Burlington, Massachusetts-based automated solutions and open source software provider, Black Duck Software, Inc. Additional information on the transaction can be found here.
Taylor Wessing has advised Hilton Food Group plc (“Hilton”) on its conditional acquisition of Icelandic Group UK Limited (“Seachill”) from Icelandic fund FSI for an enterprise value of £84 million. Seachill is one of the UK’s leading suppliers of fish, including to Tesco, and the acquisition will enable Hilton to extend its protein offering from meat to fish.
Watson Farley & Williams (“WFW”) has advised independent insurance intermediary Global Risk Partners Ltd (“GRP”) on its acquisition of a majority stake in the Alan & Thomas Insurance Group (“Alan & Thomas”) for an undisclosed sum. The current management team will stay with the business, which writes circa £30m gross written premium (“GWP”) annually.
Global law firm Norton Rose Fulbright has advised Mycronic AB, a listed Swedish high-tech company, on its acquisition of French technology company, Vi Technology, from Neptune Group and other financial shareholders. The transaction was completed on October 27, 2017.