The Waelzholz Group is expanding its business in Germany and will take over Friedr. Gustav Theis Kaltwalzwerke GmbH with an annual sales volume of over 70,000 tons. The acquisition is subject to approval by the antitrust authorities.
A team from international law firm Herbert Smith Freehills' London, Paris and Hong Kong offices has advised Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources ("SLMR") on its £326 million acquisition of aerospace parts manufacturer Gardner Aerospace ("Gardner"), which completed on 12 June.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Uni-Select Inc. (‘Uni-Select’) on its acquisition of The Parts Alliance from HgCapital LLP and other minority shareholders for an enterprise value of £205m. The transaction signed on 1 June 2017, is subject to regulatory approval and is anticipated to close in the third quarter of 2017.
BWB Partners I K/S, a Danish fund managed by BWB Partners, an independent Danish investment management firm, has acquired 60% of the shares in Holmris Group, a leading supplier of furniture and office furniture in Denmark and the fastest growing actor in the Scandinavian furniture industry. The management and the leading employees in Holmris Group will hold on to the remaining 40%.
Ashurst is advising J.P. Morgan Limited in relation to the £70 million recommended cash offer for Monitise plc by Fiserv.
Nctm Studio Legale, with a team led by Simone De Carli assisted by Mario Bonferroni, assisted Unieuro S.p.A. (“Unieuro”), the largest consumer electronics distributor and home appliance vendor for the number of retail outlets in Italy, in the acquisition and upgrading of Monclick Srl, one of the leading online operators in Italy active in the electronics market Consumption and in the B2B2C online market.
The EQT Mid Market Europe Fund acquires a majority stake in Open Systems AG from its current private owners who will remain invested.
Open Systems was founded in 1990. Since then the company grew consistently sustainable and transitioned from a security integrator into one of the largest Security as a Service providers in Europe. Open Systems is headquartered in Zurich and active in more than 180 countries.
DLA Piper advised Solteq Plc (Nasdaq: STQ1V) in its acquisition of inPulse Works Oy.
The DLA Piper team, led by corporate counsel Valtteri Vimpari, included partner Tuija Kaijalainen, counsel Jaakko Klemettilä, senior associate Riikka Autio, associate Antti Eeva and associate Salla Turkkinen (Helsinki).
Noerr has advised the Hogg Robinson Group on the acquisition of the digital travel innovator eWings.com GmbH. Sellers are the founder of eWings.com and other venture capital investors.
Berlin-based eWings.com provides a fast and easy-to-use software solution for booking and managing flights for frequent flyers and business customers. The acquisition provides Hogg Robinson with a developed solution as well as with a new technology which is highly complementary to their proprietary technology and will fit perfectly with Hogg Robinson’s platform.
Davis Polk is advising Natura Cosméticos S.A. in connection with the proposed acquisition of The Body Shop group. Following an extensive review of the strategic options for The Body Shop to ensure its best future development, L’Oréal has entered into exclusive discussions with Natura, based on its firm offer to acquire The Body Shop for an enterprise value of €1.0 billion.