Luxembourg – Luther Luxembourg advises Altice N.V. in the process of entering into an agreement to acquire Teads, the leading online video advertising marketplace in the world with an audience of more than 1.2 billion visitors including 720 million via mobile.
PARIS/LONDON (March 24, 2017) – McDermott Will & Emery represented French-based Holding Socotec SAS and its shareholders, Cobepa and Five Arrows, in Socotec’s in its move into the UK market and its acquisition of Environmental Scientifics Group from 3i Group plc and funds managed by 3i. The move is part of Socotec’s international expansion.
DLA Piper has advised the US Private Equity Fund Public Pension Capital (PPC Enterprises) and its portfolio company group Hospitality Tech Holding on the acquisition of all shares in Serenata IntraWare GmbH, a global provider of e-marketing and tailor-made customer relationship management (CRM) solutions for the hotel industry. Founded in 1996, Serenata has developed into a leading service provider in hospitality technology, serving customers all around the world.
LETT has advised the Visma Group on the acquisition of the Bluegarden Group, which is the leading Scandinavian supplier of payroll systems and HR management with branches in Denmark, Norway and Sweden.
Bluegarden, which is behind payroll-system products such as MultiLøn and DataLøn, has for the past 1½ years been owned by US P/E fund Marlin Equity Partners.
Gide advises US fund KPS Capital Partners on the acquisition of group Winoa, which includes WHA Holding SAS and its affiliates, from a consortium of investors led by KKR.
Founded in 1961, Winoa, whose historic headquarters are located in Cheylas, France, is the leading global manufacturer of steel abrasives with over 10,000 customers worldwide across the transportation, equipment, energy and construction end-markets. Winoa operates 11 manufacturing facilities located in Europe, North America, South America, Asia and Africa, and employs over 1,000 people worldwide.
A team led by Dr. Guido Hoffmann, LL.M., comprehensively advised Superior Industries, one of the largest manufacturers of aluminum wheels for light vehicles, on a takeover bid for German wheel manufacturer Uniwheels AG. The advice focused on structuring the transaction, on matters pertaining to corporate law, employment law, and commercial law, and on due diligence. The takeover bid is for 100% of the outstanding Uniwheels shares with the agreement by the owner of 61% of the shares.
Gleiss Lutz advises BHS Verwaltungs AG, an affiliated company of Serafin group, on its takeover offer for BHS tabletop AG.
On 28 February 2017, Mitsui & Co., Ltd. (Mitsui) and Chemtrade Logistics Inc. (Chemtrade) announced an agreement under which Mitsui will acquire the entire stake in Chemtrade Aglobis AG (Aglobis), a subsidiary entirely owned by Chemtrade. Aglobis is a leading distributor of sulphur and sulphuric acid in Europe. The transaction is subject to relevant regulatory approvals.
DLA Piper has advised China Petroleum and Chemical Corporation (Sinopec) on its acquisition from Chevron Global Energy Inc. of seventy-five per cent of the shares in Chevron South Africa (Pty) Limited and one hundred per cent of the shares in Chevron Botswana (Pty) Limited. The deal heralds Chevron's exit from, and Sinopec's entry into, the South African and Botswanan downstream markets.
Shoosmiths has advised global property investment company London & Regional Properties on its acquisition of the Holiday Inn Express business and property in Portsmouth.
Previously a Hilton Hotel, the property has undergone an extensive refurbishment in the last 12 months. Having acquired a large portfolio from Atlas Hotels last year which included 46 Holiday Inn Express hotels, London & Regional Properties continues to grow its budget accommodation brand with this latest acquisition.