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M&A: Acquiror's Counsel

DLA Piper advises Saranen Consulting

14 Mar 2017

DLA Piper advised Saranen Consulting on its acquisition of TG Talent Gate.

Saranen Consulting is a member of Barona Group and provides recruitment training programs and personnel outplacement services on the Finnish market. Talent Gate provides outplacement services, FEC (Further Educated with Companies) programs as well as other recruitment services and tailored business training services.

The DLA Piper team was led by Corporate partner Ilkka Liljeroos who was assisted by associates Antti Eeva and Eero Puranen.

DLA Piper advises Barona Logistics Ltd

14 Mar 2017

DLA Piper advised Barona Logistics Ltd, part of Barona Group Oy, on the acquisition of the share capital of Avain Logistiikka Oy.

Barona Logistics provides indoor logistics solutions and Avain Logistiikka warehouse logistics solutions.

The DLA Piper team was led by Corporate partner Ilkka Liljeroos. Other team members included Tax counsel Jaakko Klemettilä, Corporate senior associate Riikka Autio, and Corporate associates Antti Eeva and Eero Puranen.

Allen & Overy advised Colfax on the acquisition of Siemens Turbomachinery Equipment GmbH

14 Mar 2017

Allen & Overy LLP advised Colfax Corporation (Colfax) on the conclusion of a sale and purchase agreement for the acquisition of all shares in Siemens Turbomachinery Equipment GmbH (STE) and STE's international business in Italy, the USA and Denmark from Siemens AG for a cash consideration of approximately €195 million.

Colfax is a global manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to customers around the world under the Howden, Colfax Fluid Handling and ESAB brands.

Mayer Brown advises Aurelius on acquisition of Wex Photographic

14 Mar 2017

Mayer Brown has advised Aurelius Equity Opportunities, the equity investment entity of Aurelius Group, the pan-European asset manager, on the acquisition of leading UK online photo retailer Wex Photographic.

Following the acquisition, Wex Photographic will be merged with Calumet Photographic, a multi-channel photographic retailer acquired by Aurelius in June 2016, to create a leading omni-channel offering, servicing the enthusiast and professional photographer market across the UK and Europe.

Houthoff Buruma is advising Intel Corporation to acquire Mobileye N.V

13 Mar 2017

Houthoff Buruma is advising Intel Corporation on its tender offer to acquire Netherlands incorporated, New York Stock Exchange listed Mobileye N.V. (MBLY.N), which has its headquarters and main operations in israel. The tender offer, announced today, March 13, 2017, values Mobileye at $15.3 billion.

Houthoff Buruma team included: Alexander Kaarls , Paul de Vries , Martine Bijkerk , Willem Liedenbaum

Houthoff Buruma advised Vitol with the acquisition of OMV Petrol Ofisi Holding A.S

13 Mar 2017

Together with Hengeler Mueller Houthoff Buruma advised Vitol with the acquisition of OMV Petrol Ofisi Holding A.S (“Petrol Ofisi”) from OMV AG, the international integrated oil and gas company based in Vienna. The acquisition was announced on March 3, 2017 and is subject to certain conditions precedent and relevant regulatory approvals. Petrol Ofisi is the market leader in fuel products and distribution in Turkey.

Houthoff Buruma team included: Kyoko Kuijers-Tollenaar , Jan Veeningen , Alexander Kaarls , Willem Liedenbaum

Herbert Smith Freehills advises Japan's IDEC on acquisition of French industrial group

13 Mar 2017

Herbert Smith Freehills has advised Japan's IDEC on the US$252 million acquisition of French industrial group APEM from Intermediate Capital Group Luxembourg.

Osaka-based IDEC is a major player in the industrial automation market with leadership positions in Japan and globally for many of its products.

APEM is a French company specialised in human machine interfaces with strong positions in Europe and the USA, serving many different industries such as defence, agriculture and material handling, and brings complementary sales, business models and markets to IDEC.

Storytel acquires Danish publisher People's Press

13 Mar 2017

Storytel AB (publ) entered into an agreement on 1 March 2017 regarding the acquisition of Denmark’s fourth largest publisher – People's Press. The consideration amounted to SEK 97 million on a debt-free basis.

People's Press has an annual turnover of about SEK 130 million and a 2016 pre-tax profit of SEK 10.5 million. The acquisition does not include the music side of the business.

Gowling WLG international team advises Bacanora Minerals on 50% acquisition of SolarWorld Solicium GmbH

10 Mar 2017

Longstanding Gowling WLG client Bacanora Minerals has acquired a 50% stake in SolarWorld Solicium GmbH in a joint venture with SolarWorld AG.

Bacanora, a Canadian-incorporated company, which is admitted to trading on both AIM and the TSX, utilised the experts of Gowling WLG's UK and German offices to negotiate the deal. UK partner Charles Bond and principal associate Samantha Myers worked closely with partner Andreas Woelfle in Germany to agree the acquisition and joint venture documentation with SolarWorld's board and legal counsel.

Clifford Chance advises L&Q on the acquisition of Gallagher Estates for £505 million

10 Mar 2017

A cross-practice team has advised new client L&Q on the acquisition of Gallagher Estates for an enterprise value of £505 million.

The deal is the largest land transaction undertaken by any housing association and places L&Q, a charitable housing association committed to solving the UK housing crisis, as one of the leading developers of new homes across the UK.