Linklaters has advised a consortium comprising Alberta Investment Management Corporation, Borealis Infrastructure, Ontario Teachers’ Pension Plan Board and Wren House Infrastructure on the acquisition of London City Airport from the current owners, US private equity firm Global Infrastructure Partners (GIP) and Highstar Capital.
Shearman & Sterling advised International Chemical Investors Group (ICIG) on the acquisition of Sandoz Industrial Products GmbH from Novartis. The transaction is expected to close on April 1, 2016.
Sandoz Industrial Products is a German manufacturer of enzyme-based fermentation products and intermediates particularly for 7-ACA antibiotics. With this transaction, Sandoz Industrial Products will become part of the CordenPharma Group, the pharma platform of ICIG. Upon closing of the deal, CordenPharma Group will become one of the major suppliers of 7-ACA.
Setterwalls advised Wallenius Water in a joint venture with the founders of Vegafish and Almi Invest in a project for environmentally friendly cultivation of tiger prawns in Sweden. Wallenius Water is a leading supplier of environmentally friendly solutions, including recirculating system of water (RAS) for the land-based fish farming industry in China.
Setterwalls’ team consisted of Håkan Fohlin, Tobias Öd and Girion Blomdahl.
The Swiss listed private bank EFG International AG agreed to acquire the Swiss bank BSI SA from Banco BTG Pactual S.A. for a purchase price of approx. CHF 1.328 billion.
Castres & Snellman were legal counsel to United Bankers Plc group in an arrangement in which UB’s subsidiary UB Asset Management Ltd acquired POP Bank’s investment service company Optium Oy. Through this deal, UB will be able to acquire a significant number of new clients for its asset management services. The purchase of Optium also expands UB’s geographical network. The C&S team was led by Jarno Tanhuanpää.
King & Wood Mallesons (KWM) has acted for Novomatic on its acquisition of 53% of Ainsworth Game Technology from Leonard H Ainsworth, the founder and chairman of the Australian gaming company. The completion of the acquisition is subject to shareholder approval and regulatory conditions.
Established in 1985 by owner and founder, Professor Johann F. Graf, Novomatic is one of the largest game technology companies in the world. Headquartered in Austria, Novomatic has operations on a global scale with leading market positions in Europe and Latin America.
King & Wood Mallesons has advised Eurazeo PME, the investment subsidiary of Eurazeo, on its investment to acquire 88% of Orolia alongside the founders and management.
The transaction should be completed in April 2016, subject to the lifting of the standard conditions precedent, will see Eurazeo PME taking a 50.1% stake and become majority shareholder in Financière Orolia, with the remaining two co-founders holding 40% and management the remaining 9.9%.
Weil is representing HNA Group in Ingram Micro Inc.’s and Tianjin Tianhai Investment Company, Ltd.’s definitive merger agreement under which Tianjin Tianhai will acquire Ingram Micro. Following the close of the transaction, expected in the second half of 2016, Ingram Micro will become a part of HNA Group, the largest shareholder of Tianjin Tianhai. The all-cash transaction is estimated to have an equity value of approximately $6 billion.
Paul, Weiss advised ShawKwei & Partners, an Asian private equity firm, in the financing relating to its going private acquisition of Chosen Holdings Limited, a Singapore-based precision plastic components and product solutions manufacturer.
The Paul, Weiss team included corporate partner Jeanette Chan and counsel David Lee.
Wirecard acquires all the shares in the company, which has developed a leading payment platform for small and medium sized retailers. In particular it focuses on marketplaces and companies with direct sales with its innovative end-to-end solutions. Wirecard will take over more than 150 employees at its location in Sao Paulo and is continuing its global expansion with the entry into the Brazilian market.