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M&A: Acquiror's Counsel

Vinge advises EQT in connection with sale of TitanX

16 Aug 2016

Vinge advises EQT Opportunity and Fouriertransform AB and other sellers in connection with the sale of TitanX Engine Cooling (“TitanX”) to Tata AutoComp Systems Ltd (“Tata”), one of India’s leading auto-component conglomerates. TitanX is a global supplier of powertrain cooling solutions for commercial vehicles and the company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Daimler and Iveco. TitanX has a yearly turnover of SEK 1.6 billion and manufacturers in Sweden, USA, Mexico, Brazil and China.

Noerr advises Shanghai Electric Group on takeover in the aviation industry

16 Aug 2016

Noerr has advised Shanghai Electric Group on the acquisition of the group Broetje Automation. The Chinese conglomerate is acquiring the group from Deutsche Beteiligungs AG (DBAG), the machinery and plant manufacturing company Dürr as a minority shareholder and other co-investors. The purchase price is approx. €173.5 million Euros.

Heuking Kühn Lüer Wojtek advises EasyPark Group on the acquisition of Mobile City

16 Aug 2016

A team led by Dr. Jörg Schewe, Partner at the business law firm of Heuking Kühn Lüer Wojtek in Hamburg, legally advised Swedish EasyPark Group and its German subsidiary EasyPark GmbH, Düsseldorf, comprehensively on the acquisition of German Fintech company Mobile City GmbH, Saarbrücken, from HeidelbergCapital Private Equity Fund II GmbH & Co. KG, Heidelberg, and Pazzi Finance GmbH, Saarbrücken. The purchase price has not been disclosed.

DLA Piper advises Hewlett Packard Enterprise in acquisition of SGI

16 Aug 2016

DLA Piper represented Hewlett Packard Enterprise (HPE) in its acquisition of SGI, a high-performance computing (HPC) and big data analytics company. The transaction, which is valued at approximately US$275 million, is expected to close in the first quarter of 2017.

SGI products and services are used for HPC and big data analytics in the scientific, technical, business and government communities. The acquisition strengthens HPE’s position in the mission-critical and HPC segments of the server market.

DeTai New Energy Group acquires Emission Particle Solution Sweden AB

15 Aug 2016

DeTai New Energy Group has conditionally acquired 100% of the share capital in Emission Particle Solution Sweden AB, a Swedish company that holds a fuel additive capable of reducing fuel consumption and environmental impact. The agreed purchase price for the shares is SEK 239,000,000.

DeTai New Energy Group, stock listed in Hong Kong, is an operator and distributor of alcohol beverages and electric cycles in China and is currently further expanding its new energy sector from electric cycles to include new energy research and development worldwide.

Slaughter and May is advising Great Wall Pan Asia Investment - acquisition of Armada Holdings (formerly known as SCMP Group Limited) valued at US$270 million

12 Aug 2016

Slaughter and May, Hong Kong, is advising Great Wall Pan Asia Investment Co., Limited (Great Wall Pan Asia) on the proposed acquisition of approximately 74.19% of the issued share capital of Armada Holdings Limited (formerly known as SCMP Group Limited) (Armada) from Kerry Media Limited (Kerry) and its related parties. Armada is listed on the Hong Kong Stock Exchange and is principally engaged in property investment.

Samsung Electronics America to Acquire Dacor as an Expansion to Home Appliance Portfolio

12 Aug 2016

Seoul – Paul Hastings LLP, a leading global law firm, announced today that it represented Samsung Electronics in its acquisition of Dacor, a leading American brand in the luxury home appliance category. Through the acquisition, Samsung, an industry-recognized leader in the home appliance market, will expand its portfolio to premium and innovative home appliances under the Dacor brand.

iCON Infrastructure acquire Gasnätet Stockholm AB and Stockholm Gas AB

11 Aug 2016

iCON Infrastructure has agreed to acquire Gasnätet Stockholm AB and Stockholm Gas AB from AB Fortum Värme, Co-Owned with Stockholms Stad. Gasnätet Stockholm AB is the owner of the gas distribution network in the Stockholm area, and Stockholm Gas AB engages in gas trading. iCON Infrastructure is an independent investment group, focusing on privately held investments in infrastructure assets in Europe and North America.

Rakuten acquires substantial minority stake in getAbstract

10 Aug 2016

Rakuten, Inc., an internet services company based in Tokyo and listed on the Tokyo Stock Exchange, has acquired a substantial minority stake in getAbstract AG, the global leader in compressed digital content.

Walder Wyss acted as legal advisor to Rakuten, Inc. The team was led by Luc Defferrard (Partner, Corporate/M&A) and Alexandre Both (Managing Associate, Corporate/M&A) and further included Robert Desax (Managing Associate, Tax), Janine Corti  (Associate, Tax), Boris Räber (Associate, Corporate/M&A) and Christine Scherrer (Associate, IP/IT).