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M&A: Acquiror's Counsel

Kirkland & Ellis Advises Ally Bridge Group on Privatization Offer for Hong Kong-listed Shandong Luoxin Pharmaceutical Group

17 Mar 2017

Kirkland & Ellis is advising Ally Bridge Group, as a joint offeror with a consortium established by an affiliate of the target company’s controlling shareholder and GL Capital Group, in its proposed HK$2.34 billion (US$300 million) privatization offer for the H shares of Shandong Luoxin Pharmaceutical Group (HKSE: 8058) by way of a voluntary conditional cash offer.  The transaction is conditional on, amongst other things, Shandong Luoxin’s shareholders approval.

Kirkland & Ellis Advises KKR and Selecta on Selecta's Acquisition of Pelican Rouge

17 Mar 2017

Kirkland & Ellis International LLP is advising KKR Special Situations and its portfolio company Selecta, on the acquisition by Selecta of Pelican Rouge Group B.V.. The acquisition will bring together two of the leading vending and coffee services providers in Europe, with a presence in 15 countries and pro forma revenues of over €1.3 billion and EBITDA in excess of €200 million. The transaction was announced 14 March, 2017 and is expected to close in Q2 2017.

Hannes Snellman Counsel to Altor-owned Realia on Realia’s Acquisition of Hestia

16 Mar 2017

Altor-owned Realia Group Oy, the largest service provider in real estate management and brokerage services in the Nordic countries, has acquired the Swedish real estate management services company Hestia. The acquisition is part of Realia Group’s growth strategy and supports Realia Group’s plan to expand its international real estate management services to other Nordic countries.

Gowling WLG acts for Ottobock on acquisition of BeBionic from Steeper Group

16 Mar 2017

Gowling WLG's corporate team has acted on behalf of Ottobock on its acquisition of the BeBionic multi-articulated prosthetic hand from Hugh Steeper Limited.

The team advised Ottobock, a world-leading manufacturer and supplier of exo-prosthetics, on the transaction - which saw it expand its product portfolio with the addition of the multi-articulated BeBionic hand.

The BeBionic hand, which is being transferred from the British med-tech company Steeper, lies in the diversity of gripping patterns such as separate control of the index finger.

Nabarro advises on MBO of CBC UK backed by BP Marsh and Partners

16 Mar 2017

Nabarro's Corporate team has advised the management of CBC UK Ltd (CBC) on their successful management buyout of CBC from major shareholder, Dr Jerome Booth. The MBO was backed by BP Marsh and Partners PLC.

CBC is a Lloyd's Broker established in 1985. The business is a mixture of retail and wholesale, with an enviable network of regional producing brokers. The management team, led by Rob Cottingham, took over in 2016 and implemented a three year growth strategy.

Olswang advises Spotify on its acquisition of audio detection start-up Sonalytic

15 Mar 2017

Olswang has advised global music streaming giant Spotify on its acquisition of Sonalytic, the UK-based makers of audio detection technology that identifies songs, mixed content and audio clips.

Sonalytic's technology will help improve Spotify's personalised playlists, match songs with compositions and improve Spotify's publishing data system.

Olswang advised Spotify on all areas of the transaction, deploying specialist technology experts from a range of practice areas.

Dentons advises Expobank CZ on acquisition of Marfin Bank in Serbia

15 Mar 2017

Dentons advised Expobank CZ on the bank’s entry into the Serbian market through the acquisition of Marfin Bank JSC Belgrade from Cypriot Cyprus Popular Bank. The transaction, that was originally signed on 30 September 2016, closed as scheduled at the end of February 2017.

Dentons’ team was led by partner Alexei Zakharko and of counsel Vladislav Bromberg, both based in Moscow.