Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Cinven on its exclusive negotiations to acquire CHRYSO from LBO France. This transaction, which remains subject to the consultation of CHRYSO’s works’ council, as well as to approvals by relevant competition authorities, would represent Cinven’s fourth investment from the Sixth Cinven Fund.
Clifford Chance has advised Software AG, Darmstadt, Germany, on its acquisition of Cumulocity GmbH, Düsseldorf.
Osborne Clarke has advised Wirecard AG on the acquisition of all shares of MyGate Communications (Pty) based in Cape Town, South Africa.
The parties agreed upon a purchase price of EUR 23.1 mn, consisting of an upfront payment of EUR 18.2 mn and earn out payments of up to EUR 4.9 mn.
International law firm Ashurst has been acknowledged for advising on two prize-winning deals at the IJGlobal Europe & Africa Awards, held on 29 March in London.
Ashurst was recognised for its work on the N25 toll road, which was named European Project Bond Deal of the Year. A team led by partner Patrick Boyle advised the sponsors BAM PPP PGGM Infrastructure Coöperatie U.A. and Iridium Concesiones de Infraestructuras on the approximately €146 million project bond financing with EIB credit enhancement for the N25 New Ross bypass greenfield PPP in Ireland.
Norton Rose Fulbright has advised Haitong International Capital Limited (Haitong International) as financial advisor to Skyway Securities on its takeover by China Minsheng and China Huarong. This entailed a HK$1,933 million investment by China Minsheng Banking Corporation Limited (China Minsheng) and China Huarong Asset Management Co., Limited in Skyway Securities Group Limited, a listed platform for securities investment, brokerage, securities margin financing services and other investment holdings.
Advised by King & Wood Mallesons (KWM), China International Capital Corporation Limited (CICC) successfully acquired from Central Huijin Investment Ltd (Huijin) the entire equity interest in China Investment Securities Company Limited (CISC) via issuance of domestic shares for a consideration of RMB16.7 billion.
Vinge has advised Fosun Pharma in connection with its acquisition of a majority stake in Breas Medical Holdings AB from the PBM Capital group. The Breas group provides respiratory medical device products to markets in more than 40 countries. Fosun Pharma was established in China in 1994 and its operations cover several segments of the healthcare industry chain ranging from pharmaceutical R&D, manufacturing, medical diagnosis and medical devices to medical distribution and retail as well as healthcare services.
Client name
AGCO International Holdings B.V. - purchaser
Nature of transaction
AGCO, a worldwide manufacturer and distributor of agricultural equipment, intends to acquire the Forage business of Lely, an international family-owned company. Lely's forage business is a leading manufacturer of balers and loader wagons in Europe.
Value of transaction
Undisclosed, but more than EUR 5 million
Date deal
13 March 2017
De Brauw involvement
Lead counsel
Other advisors
DLA Piper (counsel to the Seller)
On March 22, 2017, Euro Accident, via its parent company, National General Holdings Luxembourg signed an agreement with Ikano Försäkring AB regarding the acquisition of 100 per cent of the shares in Ikano Livförsäkring AB.
Ikano Livförsäkring conducts life insurance operations in Sweden, Norway and Poland, primarily focusing on private individuals through co-operations with selected partners and by direct sales to customers.
Vaudoise Assurances Holding SA has entered into an agreement for the acquisition of Berninvest AG and Dr. Meyer Asset Management AG, having both their corporate seat in Berne, from their current shareholders. The completion of the transaction is subject to regulatory approval.