Hogan Lovells advised Naver, Korea's leading Internet company, in relation to its acquisition of the Xerox Research Centre Europe located in Grenoble. The agreement is expected to close in the third quarter of 2017.

Founded in 1993, the Xerox Research Centre Europe has focused its research in artificial intelligence, machine learning, computer vision, natural language processing and ethnography. In addition to a strong foothold in Europe, Naver expects to generate significant synergies from this acquisition.

Allen & Overy LLP advises Fresenius Kabi on the planned takeover of US pharmaceutics manufacturer Akorn, Inc.  Fresenius Kabi has offered USD 34 for each Akorn share, equalling a purchase price of USD 4.3 billion in total, including the assumption of net financial indebtedness of USD 450 million. With the takeover of Akorn, Fresenius Kabi will strengthen its core business and broaden its product portfolio.

Allen & Overy LLP has advised Colfax Corporation (Colfax) on the acquisition of TBi Industries, the leading manufacturer of high-quality industrial welding equipment with business operations in Germany, France, the Czech Republic, and China. The transaction has been consummated. The parties agreed confidentiality on the purchase price.

Osborne Clarke has advised Puls GmbH on the acquisition of Etasyn GmbH.

Puls specialises in the development and manufacture of DIN rail power supplies for industrial applications. The company has a very broad range of standard power supplies.

Saxony-based electronics company, Etasyn GmbH designs and manufactures power conversion solutions for the industrial sector.

A team lead by Corporate Partner Dr Martin Sundermann advised Puls on the transaction. The team also included Matthias Elser, Mark Friedrich (both Corporate) and Thomas Schnabel (Real Estate).

On July 4, 2017, Invivo Wine Group completed its acquisition of the Dutch wine distributor Baarsma Group, one of the largest wine distributors in Europe, who has also operations in Switzerland. Invivo Wine is a subsidiary of French Union Invivo, a company in which 220 French cooperatives in the agricultural sector are partnering. Pestalozzi advised Invivo Wine on all Swiss law aspects of this transaction.

The Pestalozzi team included:

Vinge has advised funds managed by Triton in connection with the acquisition of Akeab. Akeab is a leading supplier of excavation services and facilities work in southern Sweden and focuses on medium sized projects with customers who range from national fibre operators to municipalities and local utilities companies.

Institutional Shareholder Services Inc. (ISS), the leading provider of end-to-end corporate governance and responsible investment solutions to the global financial community, announced on June 21, 2017 the acquisition of the investment climate data division of South Pole Group which delivers climate change solutions to the financial industry.

Lenz & Staehelin advised ISS in this transaction. The Lenz & Staehelin team was led by Stephan Erni (Partner, Corporate and M&A) and included Eric Olivier Meier and Nicole Humbel (both Corporate and M&A).

CVC Capital Partners (“CVC”), one of the world’s leading private equity and investment advisory firms, and ProSiebenSat.1 Group (“ProSiebenSat.1”) have announced that funds advised by CVC will acquire Etraveli, a global flight-centric online travel agency (OTA), from ProSiebenSat.1. Etraveli is a global e-commerce platform for flight tickets (e.g. Gotogate, Supersaver/Supersavertravel, Seat24, Flygresor). The agreement is subject to approval by the relevant authorities.

Global law firm White & Case LLP advised HP Pelzer Holding GmbH on its acquisition of the entire share capital of CAB Automotive Limited from Advancel Limited.

UK company CAB Automotive is a world class manufacturer of automotive interior solutions for both vehicle manufacturers and top tier suppliers to the automotive sector.

Schoenherr has advised the Roche Group ("Roche") on the acquisition of all shares of mySugr GmbH ("mySugr"). With more than one million users globally, mySugr is one of the leading mobile diabetes platforms, which will become an integral part of Roche’s new patient-centred digital health services platform in diabetes care. Through this acquisition, Roche will expand its leading position in the area of diabetes management. The transaction was announced on 30 June 2017.