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M&A: Acquiror's Counsel

Buse Heberer Fromm advises WILO on corporate acquisition in the USA

23 Mar 2017

As part of an international transaction, Buse Heberer Fromm, together with the US law firm VedderPrice, advised WILO SE on their acquisition of the pump manufacturers Weil Pump Company, Inc., Scot Pump Company, and Karak Machine Corporation by way of an asset deal.

The three companies with around 140 employees are based and have their production facilities in Cedarburg, Wisconsin. The acquisition was made through WILO USA LLC, a subsidiary of WILO SE. All parties involved have agreed to not disclose any information concerning the amount of the purchase price.

Loyens & Loeff advised Toyota Industries Corporation on the acquisition of Vanderlande Industries Holding

23 Mar 2017

Loyens & Loeff advised Toyota Industries Corporation on the acquisition of Vanderlande Industries Holding from NPM Capital N.V. and certain minority shareholders for a purchase price of EUR 1.16 billion. Vanderlande, the global market leader for value-added logistic process automation, has expert capabilities in material handling systems for the retail and parcel handling industries and is one of the world’s foremost companies of passenger baggage handling systems for airports.

TP Aerospace sold to Danish private equity fund CataCap

21 Mar 2017

The two founders and owners of the Danish aviation service company TP Aerospace have just sold a majority share of the company to the Danish private equity fund CataCap. Plesner assisted the sellers with the transaction.

TP Aerospace repairs, leases and sells wheels and brakes to airlines across the globe. The company has more than 170 employees in Hvidovre (Denmark), Dubai, Las Vegas, Orlando, Singapore, Melbourne and Hamburg.

Since 2010, TP Aerospace has grown by an average of 30% annually and the company had revenues of DKK 428m and EBITDA of DKK 74m in 2016.

Matheson Advises Church & Dwight on its $160 Million Acquisition of Viviscal

21 Mar 2017

Leading Irish law firm Matheson has advised Nasdaq-listed Church & Dwight Co, Inc. on its acquisition of Irish haircare brand Viviscal Limited for US$160 million. The deal completed on 17 January 2017.

Viviscal is the leading non-drug hair care supplement brand and is sold in more than 25,000 stores across the United States. Viviscal had annual sales in 2016 of $44 million.

Church & Dwight Co, Inc., based in Ewing, New Jersey, is a major American manufacturer of household products, best known for its Arm & Hammer line and Orajel toothpaste.

Pinsent Masons advises Sage on Fairsail acquisition

21 Mar 2017

Pinsent Masons has advised Sage Group plc (Sage), the UK's largest tech company, on the acquisition of the UK's fastest growing tech scale-up Fairsail.

Fairsail is a global cloud based Human Capital Management and people management system for mid-sized businesses.

Currently a minority shareholder, the acquisition will see Sage take full ownership of Fairsail, building on the success of a shared product, Sage People, launched last year and allowing Sage to offer a single cloud solution to manage people, payroll, payments and accounting.

Slaughter and May advised CPPGroup on its acquisition of Blink Innovation Limited

20 Mar 2017

Slaughter and May advised CPPGroup Plc (CPP), the international assistance business, on its acquisition of Irish company, Blink Innovation Limited (Blink), for an initial consideration of €1m and an earn-out based on future products developed by Blink. The initial consideration was paid on completion.  The earn-out is based on up to 20% of defined profits (subject to maximum of €20m profits) generated over the next five years.

Blink is a digital assistance insurance business that develops products for the travel market.  It is based in Cork, Ireland.

Platinum Equity Acquires Staples Australia and New Zealand

17 Mar 2017

Baker McKenzie acted for Platinum Equity in acquiring Staples Australia and New Zealand from their US parent, Staples Inc.  This transaction marks Platinum Equity’s second successful acquisition in Australia (after acquiring a 70% controlling stake in Sensis from Telstra in 2014) and is their first investment outside the United States under their new US$6.5 billion Fund IV.