On 9 May 2016 China Molybdenum Co., Ltd (“CMOC”) announced that its wholly-owned subsidiary CMOC Limited has entered into a definitive agreement with Freeport-McMoRan Inc. (“Freeport”) to acquire 100% of its interest in Freeport-McMoRan DRC Holdings Ltd., which holds Freeport’s indirect 56% interest in the Tenke Fungurume copper-cobalt mine (“Tenke”) in the Democratic Republic of Congo (“DRC”).

LETT Law Firm has advised Sonova Holding AG on its acquisition of AudioNova B.V. from HAL investments in relation to Danish law aspects. The value of AudioNova is EUR 830 million.

Sonova, headquartered in Switzerland, is one of the world’s leading providers of innovative hearing solutions. AudioNova is one of the largest European hearing aid retailers. The company runs more than 1,300 stores in eight countries; in 2015 the firm generated net sales of approx. EUR 360 million

Led by Dr. Thorsten Kuthe, the commercial law firm Heuking Kühn Lüer Wojtek advised Sygnis AG on acquisition of Expedeon Holding Ltd., a privately held UK proteomics company. To finance the transaction the Company’s share capital will be increased by up to EUR 20.538.089 to EUR 37.341.980 by issuing up to 20.538.089 shares by way of a rights offering. Expedeon develops, manufactures and commercializes proteomics reagents and tools.

Heuking Kühn Lüer Wojtek legally advised Swedish-based Powerbox International AB and its German subsidiary Powerbox Deutschland GmbH comprehensively on the acquisition of German power supply manufacturer Eplax GmbH and its sister company PowerSelect GmbH, both headquartered in Bremen. The acquisition strengthens Powerbox’s capabilities in its major markets, the industrial, medical, railway/transportation, and military technology sectors.

International law firm Stephenson Harwood has advised Artex Risk Solutions on its acquisition of Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar.

"This acquisition is an important strategic investment for our client, Artex Risk Solutions,” said Stephenson Harwood corporate partner Sam Gray. “It marks the company’s continued expansion in Europe, and we look forward to working with them as they continue to develop their business across the region."

Jan Huckel headed McDermott’s international corporate, employment and tax team that advised Heico Holding on acquiring 100% of Wistra GmbH. The team included Scott Williams (Chicago); Thomas Ammermann, Catharina Dickhäuser, Sebastian Bonk, Volker Teigelkötter, Thomas Gennert (Dusseldorf); Gero Burwitz (Munich) and Nina Siewert (Frankfurt).

Eversheds has advised leading private equity house, Baird Capital on the acquisition of Bfinance, a financial services firm that provides advice and solutions to companies and institutional investors.

This is the latest acquisition for Baird Capital, a venture capital growth equity and private equity investment firm that makes strategic investments in strategically targeted sectors globally. Since 1989, the firm has raised and managed more than $3.1 billion and invested in nearly 300 portfolio companies.

Charles Russell Speechlys has advised Copyright Clearance Center (CCC), a firm dedicated to creating global licensing and content solutions, on its acquisition of Ixxus, a software professional services firm and leading provider of publishing solutions.

International law firm Stephenson Harwood LLP has advised healthcare company BTG PLC on its acquisition of Galil Medical, a US-based kidney cancer treatment company, in a deal worth up to US$110 million.

DLA Piper advised the fund Special Situations Venture Partners III (SSVP), advised by Orlando Management AG, on the intended acquisition of  Innight in Germany, Austria, Belgium and The Netherlands, from TNT Express N.V. for an undisclosed sum. The completion of the transaction, which is structured as combined asset and share deal, is subject to the approval of the competent merger clearance authorities.