Herbert Smith Freehills has advised The Foschini Group Limited (TFG) on its acquisition of Australian retail apparel group, RAG for A$302 million.
RAG is a leading Australian retail group, with approximately 400 stores, comprising five different retail brands, including Connor, yd., Tarocash, Johnny Bigg and Rockwear.
Linklaters has advised the U.S.-based global market leader in agricultural engineering, Deere & Company, on the acquisition of Wirtgen Group’s global business. The total transaction is valued at around US$5.2 billion.
(LONDON – 30 May, 2017) – Global law firm Reed Smith advised iManage, the leading provider of Work Product Management solutions, on its acquisition of RAVN Systems, a leading UK-based artificial intelligence (AI) agency.
The cross-office team was led by Reed Smith corporate partners Siddesh Bale (Chicago) and James Cross (London), and required cross-practice collaboration between the Global Corporate Group, intellectual property, labour & employment and real estate.
Vinge advises FAM AB on the acquisition of Sandvik Process Systems (”SPS”) from Sandvik AB at a price of approximately SEK 5 bn. Sandvik Process Systems delivers advanced industrial process solutions based on high-end steel belts, steel belt based equipment and process solutions within adjacent technologies. The transaction is subject to competition clearance.
Davis Polk is advising Starwood Capital Group in connection with an irrevocable offer by Fortune Fountain Capital, a prominent Asian investment firm established as a family office, to acquire 88.8% of the share capital of Baccarat, the internationally renowned French luxury crystal Maison, from affiliates of Starwood Capital Group and L Catterton, at a price of €222.7 per share, for €164 million.
Better Collective, the world’s leading provider of betting tips, bookmaker information and builder of iGaming communities, has announced the acquisition of Austrian company Hebiva Beteiligungen GmbH, the owner of affiliate SportFreunde Informationsdienste GmbH (“SportFreunde”).
Ashurst is advising Spirax-Sacro Engineering PLC on the financing aspects of its acquisition of Chromalox, Inc. from Irving Place Capital for a cash-free, debt-free consideration of US$415 million (£319 million), working closely with Spirax's General Counsel, Andy Robson.
Spirax-Sarco specialises in the control and efficient use of steam and in peristaltic pumping and associated fluid path technologies. Chromalox is a U.S. based provider of electrical products, systems and solutions for industrial process heating and temperature management.
JTB Corp. announced on May 30, 2017 that it has concluded an agreement to acquire all shares of Kuoni Travel Investments Ltd. (Kuoni Global Travel Services), a leading company in European inbound travel. With this acquisition, JTB Corp. aims to strengthen the inbound business from Asia to Europe. The acquisition is subject to customary approval by the relevant competition authorities.
Volati has signed an agreement to acquire the shares in Akademibokhandeln Holding AB.
The purchase consideration for 100% of the shares amounts to SEK 263 million. The acquisition will take place at an estimated enterprise value (EV) of about SEK 760 million. The management will remain as shareholders, with holdings amounting to around 5.2% of the shares in Akademibokhandeln Holding AB. The acquisition is conditional on approval from the Swedish Competition Authority.
On 26 May 2017, Roth Group, a portfolio company of Equistone Partners Europe, has acquired Intum SA, based in Vaulruz FR. With presences also in the Cantons of Valais and Neuchâtel, Intum is excellently positioned in Western Switzerland and is renowned for its profound know-how and quality service in the constructional fire protection market.
Roth Group is one of the leading providers of services for domestic and industrial fire protection, insulations, and coatings in Switzerland.