August 2017, Grandland Holdings Group Limited ("Grandland"), advised by King & Wood Mallesons (“KWM”), has entered into with LIXIL Corporation (“LIXIL”), a Share Sale and Purchase Agreement, pursuant to which, Grandland will acquire from LIXIL, the entire share capital of Permasteelisa S.p.A, the global leader of curtain wall manufacturing domain, at a consideration of EUR 467 million.
DLA Piper represented Avnet, Inc. (NYSE: AVT), a global value-added distributor of electronic components, on its acquisition of Dragon Innovation, Inc.
For the last eight years, Dragon Innovation has been reinventing the way companies manufacture IoT products at scale. Dragon Innovation, through its cloud-based platform, paired with a team of hardware manufacturing experts, manages the full manufacturing process, from strategy and planning for earlier stage products to factory selection and production oversight.
Nikkiso Co., Ltd., a global leader in advanced technologies for Industrial, Clean Energy, Aerospace and Medical markets, announced on 22 August 2017 the closing of the acquisition of Cryogenic Industries, Inc. of Temecula, CA, USA and Cryogenic Industries AG, Switzerland, consisting of all its operations. Nikkiso Co., Ltd. is listed on the Tokyo Stock Exchange.
Noerr has advised OTI Holding A.S. on its entry into the German travel market. The Turkish holding company operating in the tourism sector is taking over tour operator Ferien Touristik from venture capital company Media Ventures GmbH, headquartered in Cologne.
DLA Piper has assisted Axalta Coating Systems, a leading global supplier of liquid and powder coatings, on its acquisition of Plascoat Systems Limited, a leading supplier of thermoplastic powder coatings, from its parent company, International Process Technologies Limited, for an undisclosed sum.
As part of the transaction, Axalta will acquire both Plascoat manufacturing facilities in Farnham, England and Zuidland, Netherlands.
Squire Patton Boggs has advised Miele & Cie. KG on the acquisition of a majority stake in Italian medical technology manufacturer Steelco.
Freshfields Bruckhaus Deringer LLP (“Freshfields”) is advising Total, S.A. (“Total”) on its proposed acquisition of Maersk Oil for US$7.45 billion, to be settled in Total shares and assumed debt. The proposed transaction is subject to the applicable legally required consultation and notification processes for employee representatives and to approvals by the relevant regulatory authorities. Closing is expected in the first quarter of 2018.
Davis Polk is advising Verisk Analytics, Inc. in connection with its £250 million acquisition of Sequel from HgCapital and other Sequel shareholders. The transaction is expected to close in the third quarter of 2017, subject to the completion of customary closing conditions.
Hill Dickinson has advised arts materials supplier Teaching Art Limited on its acquisition of ArtGallery (UK) Ltd.
This is Teaching Art’s first acquisition following a £4m investment from PHD Equity Partners and Praetura Commercial Finance which Hill Dickinson’s corporate and banking teams also advised on earlier this year.
Pinsent Masons has advised Imperial Commercials SA on the multimillion pound acquisition of Pentagon Motor Holdings and all its subsidiary companies from its founders.
South Africa-listed Imperial employs over 51,000 people and generates annual revenues in excess of R120 billion across Africa and Europe.