Vinge has advised Papyrus Holding AB in connection with its acquisition of Procurator AB from RoosGruppen AB. The Procurator-group is one of the leading suppliers of inter alia protective clothing and personal protective equipment and cleaning and hygiene products in Sweden, Finland, Norway, Denmark and Estonia. The company had revenues of approx. MEUR 120 in 2015. The transaction is subject to relevant approval from the Swedish Competition Authority.
Gleiss Lutz has been advising the listed Japanese Sumitomo Corporation, a leading integrated trading company engaged in diverse businesses, on the acquisition of a minority interest in Hay Holding GmbH (“Hay”). Sumitomo Corporation will acquire a 25% stake in Hay from Musashi Seimitsu Industry Co., Ltd (“Musashi”). Musashi is engaged in the manufacture and sale of engine, gear-related, and underbody parts for car and motorcycle manufacturers. Closing is subject to approval by the competent antitrust authorities and is expected to occur in spring 2017.
Olswang has advised Munich-based technology and media company Hubert Burda Media on its 100% acquisition of Immediate Media, the UK content and digital platform group from Exponent Private Equity and Management.
The deal transfers ownership of several key magazine titles including Radio Times as well as a number of BBC-branded magazine titles such as Top Gear, Top of the Pops and CBeebies. The titles will add to Burda’s portfolio of more than 540 brands worldwide, ranging from household name fashion magazines such as Elle and InStyle to social media platform XING.
DLA Piper represented Sanpower Group Co., Ltd., one of the largest privately owned conglomerates in China, on its entry into a definitive agreement to acquire Dendreon Pharmaceuticals, Inc. for US$819.9 million.
Clifford Chance advised United Luck Group Holdings Limited (United Luck) on its US$1 billion acquisition of 100% of the shares of Outfit7. Outfit7 is headquartered in UK and Cyprus, and is the creator and developer of highly-popular mobile APPs such as 'Talking Tom' and 'Talking Angela', which were hailed in 2016 as one of the 'Most Downloaded APPs of All Time' for Android. The acquisition was completed on 28 December 2016.
China Business Law Journal has named the acquisition by a Chinese private equity consortium of OmniVision Technologies, Inc. as one of its Deals of the Year. Gibson Dunn partners Fang Xue and Joseph Barbeau represented the Chinese private equity consortium, led by Hua Capital Management Co., Ltd, a Beijing-based investment management company, and including CITIC Capital Holdings Limited and GoldStone Investment Co., Ltd., in connection with its $1.9 billion acquisition of OmniVision Technologies, Inc., a Santa Clara, California-based developer of digital imaging chips used in mo
Funds administered by DPE Deutsche Private Equity GmbH acquired Fischer Surface Technologies, a leading manufacturer of chrome-plated plastic parts, especially for the automobile industry.
Goltsblat BLP advised on the acquisition by Rossium group of companies of a 90.99% stake in ONEXIM's PJSS OPIN. The purchaser's beneficiary is Roman Avdeev, a majority shareholder in Credit Bank of Moscow.
The deal also gives Rossium Concern control over all development projects, including the Torpedo Stadium site and a land bank of 28 thousand ha.
An international CMS team has advised listed company mutares AG of Munich on the acquisition of international equipment manufacturer Balcke-Duerr from SPX Corporation (USA). Balcke-Duerr will be incorporated into mutares’s Engineering & Technology segment. mutares plans further investment in this segment and Balcke-Duerr represents the first stage in the process.
A CMS team from Germany, China, Italy, Poland and Hungary headed by lead partner Martin Kolbinger advised mutares AG on the legal aspects of the transaction.
Ashurst is advising longstanding client National Express Group on the acquisition of the c2c rail franchise by Trenitalia.
c2c operates services between Fenchurch Street and Shoeburyness, serving 26 stations in East London and South Essex. Under National Express, the c2c franchise has been transformed with National Express introducing more services, new trains and recently pioneering new customer service standards.