Techstep ASA, a proider of hardware and mobile solutions (SaaS) to the B2B market, announced 2 Februray 2017 the acquisition of Mytos AS for the consideration of NOK 120 million.
Techstep ASA has also entered into an agreement in principle to acquire Apro Tele og Data AS. In connection with these transactions and to finance further acquisitions, the company has completed private placement of NOK 100 million.
Hill Dickinson has advised Alliance Travel Holdings, led by ex McKinsey consultant Qasim Gulamhusein, on its acquisition of a majority stake in Major Travel PLC. Trading for over 40 years, online travel agent Major has a reputation built on its quality service to retail travel agents.
Hill Dickinson head of aviation and travel, Joanna Kolatsis, acted as professional legal advisor for Alliance Travel Holdings alongside Rhian Hughes from the firm’s corporate team. Chris Photi of travel accountants Whitehart Associates provided financial advice.
Slaughter and May is advising a consortium of investors led by Midlothian Capital Partners on their acquisition of Park Leisure for £103 million. Park Leisure, founded by Gary Molloy and Miles Dewhurst, is the UK's leading operator of luxury holiday home parks, with 10 sites. The existing management team will invest alongside Midlothian.
Contacts
White & Case LLP has advised international private equity group Bridgepoint on its £750 million acquisition of Zenith, the UK's largest independent vehicle leasing business, from private equity firm HgCapital.
Simpson Thacher is representing Ant Financial Services Group in its announced acquisition of MoneyGram International Inc. (NASDAQ: MGI) for approximately $880 million. The merger will connect MoneyGram's network of 2.4 billion bank and mobile accounts and 350,000 physical locations with Ant Financial's users, who have access to a broad suite of technology-based financial services, including payments, credit and insurance products. The transaction is subject to the approval of MoneyGram stockholders, regulatory approvals and other customary closing conditions.
Travers Smith LLP has advised Zoopla Property Group plc (ZPG), one of the UK's leading property sales websites, on its acquisition of Hometrack for £120m.
ZPG owns and operates some of the UK’s most trusted home-related digital platforms including Zoopla, uSwitch, PrimeLocation and Property Software Group and aims to provide the most useful resources for consumers when finding, moving or managing their home and be the most effective partner for related businesses.
Bischofszell Nahrungsmittel AG, a company of the Migros Group, has acquired a majority interest in Sushi Mania SA, a company incorporated in the canton of Fribourg. Sushi Mania specialises in Japanese cuisine and Asian gastronomy.
International legal practice Osborne Clarke has advised INDUS Holding AG on its acquisition of m + p international Mess- und Rechnertechnik GmbH. Indus acquires 76 per cent of the shares of the associated company. The transaction is subject to approval from the German Federal Cartel Office.
31 January 2017 – capiton V GmbH & Co. Beteiligungs KG has entered into an agreement with the current majority shareholder Saffelberg Investments on the acquisition of a majority stake in Gemaco Group. Besides capiton, the management of Gemaco will acquire a participation in Gemaco Group.
Private equity fund Accent Equity has acquired Eco Log Sweden AB. Accent will help Eco Log expand in Sweden and internationally.
Eco Log develops, manufactures and markets forestry machines designed for cut-to-length harvesting, serving a global market.
Baker McKenzie advised Accent Equity on the acquisition. Baker McKenzie's team was led by Costin Mihailescu with the assistance of Christian Reineby, Johan Zetterström, Jonas Hanspers and Linnea Härstedt.