Australia’s leading independent law firm, Corrs Chambers Westgarth, is advising ESR on its A$723 million off-market takeover bid for ASX-listed Propertylink Group.

ESR’s cash takeover offer recently opened for acceptance by Propertylink security holders, following entry into a bid implementation agreement by ESR and Propertylink in mid-November. At the time of making the takeover offer, ESR held at 19.89% stake in Propertylink, which it acquired as part of a series of market raids that Corrs also advised on in 2017.

Cologne – AVIR Guß Holding GmbH has acquired the business operations of Neue Halberg Guss GmbH together with all the major assets. The deal lifts the threat of job losses for the time being and was structured through AVIR’s affiliated companies Gußwerke Saarbrücken GmbH and Gußwerke Leipzig GmbH. The transaction is still subject to closing conditions, which should be fulfilled soon. The parties agreed not to disclose the purchase price.

Ashurst has advised Mercuria Investment Co., Ltd. and its concert parties on the successful defence of the hostile takeover offer for Spring REIT (HKEx: 1436) made by PAG.  Mercuria Investment is a private equity firm based in Japan. Mercuria Investment and its concert parties are the largest shareholding group and owner of the manager of Spring REIT.  PAG is an Asian based alternative investment management group.

This is a very rare example of a hostile takeover offer in Hong Kong and the first hostile offer for a Hong Kong listed REIT. 
 

Charles Russell Speechlys has advised Allocate Software, a leading international provider of workforce and resource planning solutions, on the acquisition of Wambiz Limited, an innovative provider of app-based staff engagement solutions for the health, education and enterprise sectors.

Paris—Dentons advised Laboratoires Expanscience on the acquisition of Babo Botanicals, an American brand of herbal skin care products for babies and adults.

Expanscience is an independent French pharmaceutical and dermo-cosmetic laboratory specialized in skin health.

Already established in the United States since 1989 with Mustela, a leading brand of dermo-cosmetics and natural skin care products for babies and expectant and young mothers, they are strengthening their presence in this fast-growing market.

Freeths has advised Crown Worldwide Limited (“Crown”) on its acquisition of Premier Moves Limited, trading as Premier Workplace Services (“PML”). PML is a commercial fit-out and relocation services company boasting a £20m turnover and having a wealth of blue-chip businesses as its clients.

The Paris office represented PAI on the acquisition of StellaGroup, a market leader for the production of doors, gates, shutters and enclosures for industrial and residential buildings in France.