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M&A: Acquiror's Counsel

Eversheds advises StaffPoint Ltd. in the acquisition of Proffice Finland

05 Aug 2016

The Finland office of Eversheds has advised StaffPoint Ltd. in the acquisition of Proffice Group, part of the global Randstad Group. The transaction involves transferring the business operations of Proffice Finland in Helsinki and Tampere as of 1 September 2016.

StaffPoint is one of the largest personnel services companies in Finland. The company produces personnel and recruitment services, training services and HR software for companies.

Junfun Investment’s Acquisition of Majority Shareholding of Grand Concord International

05 Aug 2016

Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it represented Junfun Investment Limited in its acquisition of 58.71% of the shareholding of Grand Concord International Holdings Limited (“GCI”) at US$49.36 million.

After the completion, Paul Hastings will continue to advise the client on a mandatory unconditional cash offer for all the issued shares of GCI under the Takeovers Code. GCI is a manufacturer of functional and customized fabrics for major lingerie and apparel brands.

King & Wood Mallesons acts for Shanghai Pharma and Primavera on acquisition of Vitaco

05 Aug 2016

King & Wood Mallesons (KWM) is acting for Shanghai Pharmaceuticals Holding Co., Ltd (“Shanghai Pharma”) and Primavera Capital Fund II L.P. (“Primavera”) on their joint acquisition of 100% of ASX-listed Vitaco Holdings Ltd (“Vitaco”) by way of scheme of arrangement. Shanghai Pharma and Primavera are offering Vitaco shareholders A$2.25 per share (less any dividend paid), valuing Vitaco at A$313.7 million.

IK Investment Partners acquires Ellab

04 Aug 2016

IK Investment Partners today announced the acquisition of Ellab A/S, a leading manufacturer of thermal validation solutions, primarily used for validation for food and pharmaceutical industries from a group of private investors. The investment is IK Investment Partners' first investment in the newly founded IK VIII Fund. Financial terms of the transaction are not disclosed.

Stibbe advises Lindsay Goldberg

03 Aug 2016

Stibbe advises Lindsay Goldberg on its acquisition of Schur Flexibles Group, a leading manufacturer of flexible packaging products in Europe across a range of end markets.

Lindsay Goldberg is a US-based private equity firm with approximately USD 13 billion of equity capital that focuses on partnering with family-owned and entrepreneur-led businesses seeking a partner to help actively build their businesses.

The acquisition of Schur Flexibles represents Lindsay Goldberg's second investment in a European packaging company.

Eversheds advises Parker Hannifin in the acquisition of Jäger Automobil-Technik and Jäger Automotive Polska

03 Aug 2016

Eversheds advised the American engineering company Parker Hannifin in the acquisition of the German company Jäger Automobil-Technik GmbH and the Polish company Jäger Automotive Polska Sp. z.o.o. Wierzbowski Eversheds advised the client with the Polish aspects of the transaction.

Ashurst acts in A$375m acquisition of Sierra Rutile by Iluka Resources

02 Aug 2016

Ashurst has advised Iluka Resources Limited (Iluka) on its A$375 million acquisition of Sierra Rutile Limited (SRL).

Iluka and SRL have announced that they have entered into an implementation agreement pursuant to which Iluka will acquire all of the issued capital of SRL by way of a statutory merger regulated by the BVI Companies Act (Merger). The offer values SRL at £215 million (approximately AU$375 million), representing a 32.3% premium to SRL's one-month VWAP.