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M&A: Acquiror's Counsel

Clifford Chance advises RBI and SEB on the financing of the acquisition of Losberger Group by Gilde Buy Out Partners

18 Jul 2016

Clifford Chance has advised Raiffeisen Bank International AG (RBI) and SEB AG on its acquisition of Losberger Group by funds advised by Gilde Buy Out Partners. The sellers are funds operated by the private equity investor H.I.G. Capital. The parties have agreed not to disclose the purchase price. The loans signed by RBI and SEB will be syndicated to other lenders as part of the completion of the acquisition. The transaction is subject to clearance by the relevant antitrust authorities.

DLA Piper advises Playtech on the majority acquisition of Best Gaming Technology

18 Jul 2016

DLA Piper has advised Playtech, the world's largest online gaming software supplier traded on the London Stock Exchange Main Market, on the acquisition of a 90% stake in Best Gaming Technology (BGT), a retail gambling company, for EUR 138 million. The remaining 10% will be retained by Dr. Armin Sageder, BGT's founder and CEO. This strategic acquisition is part of Playtech's development strategy to expand its technology offering to clients.

Clifford Chance advises EDF Energies Nouvelles on major investment in wind energy in China

18 Jul 2016

Leading international law firm Clifford Chance has advised EDF Energies Nouvelles, a subsidiary of EDF Group dedicated to renewable energy, on its acquisition of a majority stake in UPC Asia Wind Management (UPC AWM) which develops and builds wind projects in China.

Following the acquisition, EDF Energies Nouvelles will own an 80% stake in the UPC AWM holding company, based in Hong Kong. Its partners UPC China and US-based investment fund Global Environment Fund remain shareholders with a 20 percent share of the company.

Noerr advises SAF-HOLLAND on takeover bid for Swedish commercial vehicle supplier Haldex

15 Jul 2016

Noerr is advising SAF-HOLLAND S.A. on its takeover bid for the listed Swedish Haldex Group. The Noerr team is led by the Frankfurt partners Dr. Holger Alfes and Dr. Stephan Schulz.

Haldex AB (publ) is a leading provider of brake systems and air suspension modules for commercial vehicles. The cash bid values the company at around €442 million. The proposed acquisition gives the SAF-HOLLAND Group the opportunity to establish an integrated group for commercial vehicle chassis components.

Kirkland & Ellis advised Gilde Buy Out Partners on the Acquisition of Losberger GmbH

15 Jul 2016

Kirkland & Ellis represented funds advised by Gilde Buy Out Partners on the acquisition of Losberger GmbH from funds advised by H.I.G. Capital. The transaction is subject to approval by the relevant anti-trust authorities.

Losberger GmbH, headquartered in Bad Rappenau, is one of the leading manufacturers of temporary (short-term and semi-permanent) space solutions.

Gilde Buy Out Partners is a leading European mid-market private equity investor with operations in the DACH and Benelux region. Read more about the transaction here.

AFG strengthens their Building Technology Division’s portfolio with the acquisition of the Koralle Group

15 Jul 2016

Leading Global law firm Baker & McKenzie has provided legal assistance to Arbonia-Forster-Holding  (AFG) with its acquisition of the Koralle Group, a company specializing in sanitary facilities, from Geberit AG. The move will help the company to enhance its position in the core markets of Switzerland, Germany and Austria with a lasting effect.

Ufenau Capital Partners acquires its sixth platform company

15 Jul 2016

Leading Global law firm Baker & McKenzie has provided legal assistance to Swiss Investor group Ufenau in acquiring its sixth platform company, Doktorhuus Holding AG, a group of medical practices. This comes after a successful start to 2016 for Ufenau, which has already been involved in seven bolt-on acquisitions for its other platform companies including NRW Building Technology, Trans Europa Express and Intelligent Repair Solutions.

DLA Piper advises Catapult Sports on AU$100 million placement and accelerated entitlement offer and US and Irish acquisitions

15 Jul 2016

Global law firm DLA Piper has advised Australian sports tech company Catapult Group International (ASX:CAT) on its AU$100 million equity raising, and the simultaneous AU$80.1 million acquisition of US sports software company XOS Technologies, Inc and AU$4.9 million acquisition of Irish-based PlayerTek.