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M&A: Acquiror's Counsel

Hyster-Yale Materials to acquire indirect control of Bolzoni S.p.A. for approximately €108.8 million ($121.5 million).

24 Feb 2016

Jones Day is advising Hyster-Yale Materials Handling, Inc. in the acquisition of 100 percent of Penta Holding S.p.A., the controlling shareholder of Italian listed company Bolzoni S.p.A., for €53.5 million ($59.7 million) in cash, resulting in the launch of a mandatory tender offer for all of the remaining shares in Bolzoni S.p.A. for up to an additional €55.3 million ($61.8 million), for a total consideration of up to €108.8 million ($121.5 million). Bolzoni S.p.A. is a leading worldwide producer of attachments for forklift trucks.

BTG Pactual to sell BSI SA to EFG International

24 Feb 2016

On February 21, 2016, Banco BTG Pactual S.A. (BTG Pactual) and EFG International AG (EFGI), the listed Swiss private wealth manager, entered into a definitive agreement regarding the sale and purchase of all the shares of BSI SA, a Swiss private bank with headquarters in Lugano. The purchase price consists in a cash payment of CHF 975 million and, subject to dilution adjustment, 52.6 million listed EFGI shares to be created by way of a contribution in kind. The transaction creates a leading Swiss-based wealth and asset management group with approx.

United Bankers Plc: Acquisition of Majority Stake in Quorum Lainoittaja Oy

22 Feb 2016

We were legal counsel to the United Bankers Plc group in an arrangement in which UB’s subsidiary UB Asset Management Ltd acquired a majority stake in Quorum Lainoittaja Oy. UB purchased 60 % of the outstanding share capital of Quorum Lainoittaja Oy from Quorum Vaihtoehtorahastot Oy. Quorum Lainoittaja Oy is the general partner in Quorum Yritysrahoitusrahasto I Ky l fund. Following the acquisition, the company’s name will be changed to UB Yritysrahoitus Oy and the fund’s name to UB Yritysrahoitusrahasto I Ky. The C&S team was led by Jarno Tanhuanpää.

Burges Salmon advises Pula Aviation on aviation sector acquisition

22 Feb 2016

Burges Salmon has advised Pula Aviation on the acquisition of Bristol Flying Centre Ltd, a leading fixed based aviation operator providing a full range of general aviation services, ranging from engineering and handling to private air charter and aircraft management.

Corporate partner Dominic Davis led the Burges Salmon team with support from associate Gregory Nash and solicitor Joshua Reynolds along with partners and lawyers from teams across the firm including Employment, Real Estate, Pensions and Incentives and Tax.

Taylor Wessing advises Al Qadi family on Bristol Rovers FC purchase

22 Feb 2016

Taylor Wessing has advised the Jordanian Al Qadi family on their acquisition of Bristol Rovers Football Club.

The League Two football club, founded in 1883, is nicknamed ‘The Gas’ and has always been known as a family club. As part of the deal, Mr Wael Al Qadi who is a lifelong fan of English football and a member of the executive board of the Jordan Football Association, will become President. The former Chairman of Swansea City, Steve Hamer, will become the football club’s new Chairman, replacing Nick Higgs who will step down.

Advising Venture Life Group plc on its Acquisition of Periproducts Limited and Related Fundraising

22 Feb 2016

Simmons & Simmons has advised Venture Life Group plc (“Venture Life”) on its acquisition of oral care company, Periproducts Limited (“Periproducts”), and on its fundraising.
The acquisition of Periproducts brings to Venture Life a range of products that complement its existing range of products and enables it to expand into an attractive area of the consumer healthcare market.

August & Debouzy advises REXEL on the acquisition of CORDIA

19 Feb 2016

August & Debouzy assisted REXEL with the acquisition of CORDIA, a specialist in fire security products and solutions.
 
Rexel, a French distributor of electrical supplies, announced last Thursday the acquisition of Cordia, a French company specialising in fire security products and solutions.
Cordia, headquartered in the Paris region, posted sales of €12 million in 2015 and double-digit profitability. The company employs about 40 employees. The amount of the transaction has not been revealed.

Simpson Thacher Represents Buyer Consortium in Going Private Transaction Involving China Ming Yang

19 Feb 2016

Simpson Thacher is representing the buyer consortium in connection with a going private transaction involving China Ming Yang Wind Power Group Limited (“China Ming Yang”) proposed by a consortium led by Mr. Chuanwei Zhang, chairman and chief executive officer of China Ming Yang. The consortium comprises Mr. Zhang, his spouse, Ms. Ling Wu, and certain of their affiliates, Anhui Zhongan Xinzhao Private Equity Investment LLP, Guangzhou Huifu Kaile Investment (L.P.) and Dajun Guangcheng (Shanghai) Capital Fund I, L.P. (collectively, the “Consortium”).

Heuking assists Finnair with the negotiations for the procurement of a new Cargo Management System

19 Feb 2016

Heuking Kühn Lüer Wojtek advised Finnair Cargo on the procurement of a new air cargo management solution, SkyChain. The solution is scheduled to be implemented by October 2016, six months ahead of the opening of Finnair's new cargo terminal in spring 2017.

Heuking Kühn Lüer Wojtek assisted Finnair Cargo with contract drafting and negotiations with the software vendor Mercator, a leading provider of software and technology-led solutions to the global aviation industry based in Dubai.

GvW Graf von Westphalen again advises Legrand on an international acquisition in several jurisdictions

19 Feb 2016

GvW Graf von Westphalen has again advised the French Legrand group on a complex cross-border transaction. With the recently completed share purchase agreement, the Legrand group in parallel acquired Fluxpower GmbH with its business seat in Germany and Primetech Srl with its business seat in Italy. The GvW team around Eric Messenzehl (partner, M&A) and Benjamin Schwarzfischer (senior associate, M&A) was in charge of coordinating an international team consisting of GvW lawyers and lawyers of Pirola Pennuto Zei & Associati.