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M&A: Acquiror's Counsel

Norton Rose Fulbright advises Top Spring International on US$115 million acquisition

15 Apr 2016

Norton Rose Fulbright has advised Top Spring International Holdings Limited on its US$115 million acquisition of an 85% equity interest in Shanghai Huanjian Investment Company Limited and a 0.85% equity interest in Shanghai Huantang Cultural Communication Company Limited.

Top Spring International Holdings Limited is a real estate property developer in China and is listed on the Main Board of the Hong Kong Stock Exchange.

LETT assists TDC in its acquisition of the Cirque Group

14 Apr 2016

TDC A/S, a listed Denmark-based company engaged in providing telecommunications solutions, has acquired Cirque A/S. Cirque A/S is a Denmark-based company that provides cloud-based communication solutions with seamless integration to Office 365. The company has a workforce of 50 employees.

Cirque will be a separate brand within TDC. The transaction is expected to provide Cirque with a strong platform to further accelerate its cloud business.

Bang & Olufsen to sell off ICEpower in a management buyout supported by Danish Industri Udvikling

14 Apr 2016

LETT advises the management of ICEpower and Industri Udvikling in connection with the acquisition of ICEpower.

On 6 April 2016, Bang & Olufsen concluded an agreement to sell off 100% of its shares in ICEpower in a management buyout supported by Industri Udvikling.

ICEpower is a fast-growing and scientifically based innovation house dealing with market-leading products within class-D sound systems, and it supplies the industry’s best audio performance, efficiency and power density within amplifier technology.

Gernandt & Danielsson advises Volati in the acquisition of ClearCar

14 Apr 2016

Volati AB (publ), through its subsidiary Besikta, acquiresall shares in ClearCar AB.

ClearCar conducts vehicle inspection operations on approximately 80 inspection stations. In February 2016 ClearCar’s accreditation was withdrawn by the supervisory body Swedac which claimed that there are deficiencies in the inspection operations. For 2015 ClearCar's revenue amounted to SEK 82 million with an operating profit before depreciation of approximately SEK 4 million.

Bär & Karrer Advises KORE Wireless Group on the Acquisition of Wyless Group Holding

14 Apr 2016

KORE Wireless Group, Inc., the world’s largest managed wireless network services provider specializing in Machine-to-Machine (M2M) communications and the Internet of Things (IoT) with co-headquarters in San Francisco and New York, in an all-cash transaction acquired Wyless Group Holding (Suisse) SA, a Swiss domiciled corporation.

DLA Piper advises Maintel Holdings on Azzurri Communications acquisition

13 Apr 2016

DLA Piper has advised leading systems integrator and managed services provider, Maintel Holdings PLC (Maintel), on the company's proposed, conditional reverse takeover of Azzurri Communications Group (Azzurri), for an enterprise value of £48.5 million.

Azzurri Communications is an established technology and managed communications provider, offering a variety of communication services including telephony, mobile services, document management, workforce optimisation, security, unified communications as a service and managed services.

NKF advises Citychamp Watch and Jewellery Group in the acquisition of a 70% majority stake in Valartis Bank (Liechtenstein) AG

13 Apr 2016

Niederer Kraft & Frey advises Hong Kong stock exchange listed Citychamp Watch and Jewellery Group in the acquisition of a 70% majority stake in Valartis Bank (Liechtenstein) AG, a fully licensed bank with headquarters in the principality of Liechtenstein and the sixth largest bank in Liechtenstein, for CHF 77.7 million. The closing is subject to certain conditions precedent.