London-based European Tyres Distribution Limited (“ETD”) today announced that it has signed a definitive agreement with REIFF, a German family-owned company based in Reutlingen, to acquire its Tyre and Automotive Technology division. ETD, a strategic platform company based in the UK and owned by Bain Capital Private Equity (a leading global private investment firm), owns the Fintyre Group, a leading distributor of replacement tyres in Italy. The acquisition is in line with the goal of improving the positioning across the highly fragmented European tyre distribution sector.

Scandic Hotels Group has signed an agreement to acquire Restel’s hotel operations in Finland for EUR 114.5 million in cash. Through the acquisition, Scandic will strengthen its position as the leading hotel company in the Nordic countries and become the largest hotel operator in Finland. The transaction is subject to regulatory approval.

Our team included Juha Lindström,  Jesper Kostiainen, Erkko Korhonen, Tuuli Pikkarainen, Ninja Heikkilä, Emilia Uusitalo, Karoliina Koto, Heini Salonen, Janne Veneranta, Tapani Manninen and Anette Laulajainen.

Watson Farley & Williams (“WFW”) has advised long-standing client Vattenfall on its acquisition of UK gas and electricity supply business ISupplyEnergy.

 WFW has been advising Swedish state owned utility Vattenfall, which has invested more than £3bn into building one of the UK’s leading wind energy businesses, since 2009. Vattenfall has also recently branched out into solar PV, battery storage and business to business sales.

Simpson Thacher is representing KKR in connection with its acquisition of A-Gas, a leading expert in the lifecycle management of specialty gases and chemicals, from LDC. The transaction is subject to customary closing conditions.

The Simpson Thacher team includes Clare Gaskell, Till Lefranc, Charles Leeming, Rita Soares and John Lim (Corporate); David Vann, Étienne Renaudeau and Patrick Scott (Antitrust); Shahpur Kabraji, Lucy Jenkins and Max Rigden (Credit); and Meredith Jones and Andrew Purcell (Tax).

DLA Piper has advised ABRY Partners and its investee company, AddSecure, on the cross-border acquisition of Chiron Security Communications, with the transaction expected to complete in July 2017. With this acquisition, AddSecure takes a big step towards its goal to be the leading supplier of secure communications for alarm and IoT solutions in Europe.

Led by Munich Partner and head of the German Corporate Practice Lutz Angerer Hogan Lovells has advised listed US company PerkinElmer, Inc. on the acquisition of EUROIMMUN Medizinische Labordiagnostika AG for a consideration of EUR 1.2 billion by way of a share deal.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising CVC Capital Partners (‘CVC’), one of the world’s leading private equity and investment advisory firms, on the acquisition by CVC Fund VI of QA Group (‘QA’) from funds managed by Bregal Capital LLP and advised by EMK Capital LLP. QA’s existing management team will retain a significant stake in QA. The financial terms of the transaction were not disclosed.
 

Grégoire Andrieux, Diana Hund and Tess Souquet Basiege (corporate), Pierre-Arnoux Mayoly and Shirin Deyhim (finance) and Lionel Lesur and Louise Aberg (competition law) advised Montefiore Investment in the acquisition of online cruse sales specialist QCNS Cruise Group. QCNS Cruise était représenté par Ayache Salama.

Vinge advises Generic Sweden AB (publ), which is listed on First North, in connection with the sale of its consultancy business Generic Systems Sweden AB to MSC Group AB (publ). Generic Sweden's divestment of the consultancy business focuses the group's operations towards telecom. The purchase price consists of a cash component and shares in MSC Group AB (publ), which is listed on Nasdaq OMX Stockholm Small Cap.

The Vinge team advising Generic Sweden includes partners Jesper Ottergren (M&A) and Erik Sjöman (Capital Markets).

Stockholm-listed Scandic Hotels has agreed to acquire Restel's Finnish hotel operations for EUR 114.5 million on a cash- and debt-free basis. Restel currently has approximately 7,600 rooms at 43 hotels. Most of the hotels are operated under the Cumulus brand and over time are expected to be converted into Scandic hotels.

Scandic Hotel was represented by Mannheimer Swartling, working closely with the Helsinki office of Hannes Snellman. The transaction is subject to regulatory approval.