Allen & Overy has advised Exponent Private Equity (“Exponent”) on its binding and irrevocable offer to The Scotts Miracle-Gro Company (“SMG”), the world's leading marketer of branded consumer products for lawn and garden care, to purchase SMG’s European and Australian operations.
CVC Fund VI has agreed to acquire an 80% stake in Breitling, a leading independent, family-owned manufacturer of Swiss luxury watches. As part of the transaction, Théodore Schneider will re-invest for a 20% shareholding in Breitling. Closing of the transaction is subject to approval by the relevant competition authorities.
Vienna, 3 May 2017 - Wolf Theiss has advised Kyoto-based Nidec, one of the leading manufacturers of electric motors, components and accessories, in its acquisition of the SECOP-Group in all matters relating to Austrian and Slovakian law.
On 25 April 2017, Nidec concluded a contract to acquire SECOP-Group with AURELIUS Equity Opportunities SE & Co. KGaA. The purchase price is EUR 185 million. The transaction is subject to regulatory approval; the closing will likely take place in the coming months.
Herbert Smith Freehills has advised Australian private equity fund manager Allegro Funds on its acquisition of a majority stake in mining exploration business, Terrex Seismic.
Terrex Seismic provides seismic and surveying services to the mining and oil and gas industries in Australia, including surface and subsurface earth imaging solutions. Allegro Funds has partnered with Terrex Seismic’s founder, Steve Tobin, who will remain a shareholder and senior executive in the business.
Clifford Chance has advised a Chinese consortium comprising Zhengzhou Coal Mining Machinery (Group) Co., Ltd (ZMJ) and China Renaissance Capital Investment (CRCI) on the acquisition of Robert Bosch GmbH's Starter Motors and Generators (SG) business.
HEXPOL has on April 7, 2017 acquired the business of Valley Processing with a manufacturing facility in City of Industry, California, US. Valley Processing had a turnover of 34 MUSD in 2016 and have around 90 employees.
The acquisition price amounts to approximately 46 MUSD on a cash and debt free basis for the business plus an additional purchase price based on product transfers.
HEXPOL was advised by Mannheimer Swartling in the transaction.
Jones Day is advising Asia-Germany Industrial Promotion Limited ("AGIC Capital"), an Asian-European private equity investor focused on industrial technology companies in the European and North American mid-market, in connection with its acquisition of Fotona, a U.S. and Slovenia based developer of high-tech laser systems and components, primarily used in medicine, aesthetics, surgery, gynecology, and dentistry, from private equity firm, The Gores Group.
For additional information about this matter, please contact: Joelle Lau, Stephen E. Gillette
Capio has signed an agreement to acquire all shares in Globen Ögonklinik through the parent company PanSyn Sweden AB (the transaction is subject to approval by Stockholm County Council). The clinic is specialised in ophthalmology and offers complex eye treatments, including cataract surgery, RLE (Refractive Lens Exchange) and refractive laser treatments. Globen Ögonklinik provides ophthalmology treatments at two locations in the southern part of Stockholm and performs annually about 36,000 consultations and 4,600 surgeries.
The New York office of international law firm Watson Farley & Williams (“WFW”) has advised Freeboard Holding LLC (“Freeboard Holding”) on its acquisition of a 50% stake in ferrous and non-ferrous scrap metal trading company FeXchange Group LLC (“FeX”), a subsidiary of Scrap Metal Services LLC (“SMS”), to form FE Trading Group LLC (“FTG”). The joint venture includes an exclusive supply agreement with SMS for FTG to trade its ferrous scrap directly to North American steelmakers.
Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with the planned tender offer by KKR’s affiliate, HKE Holdings G.K. (the “Offeror”), and subsequent related transactions to acquire Hitachi Kokusai Electric Inc. (“Hitachi Kokusai”).