Gleiss Lutz has advised the French group Valeo on its acquisition of the Spheros Group, the worldwide leader in air conditioning systems for buses, with its headquarters in Germany. Following the acquisition of the automotive supplier Peiker, this is the second transaction within a matter of days that Gleiss Lutz has successfully concluded for Valeo.
Gleiss Lutz has advised the French group Valeo on its acquisition of the automotive supplier Peiker. Peiker specialises in telematics and connectivity solutions. The company is one of the leading suppliers of high-tech solutions in the area of communications technology in vehicles. It has subsidiaries in France, the U.S., China and Mexico. In the 2015 fiscal year, the Peiker group of companies, which employs some 1,000 people worldwide, will report sales of approximately €310 million.
KKR, a leading global investment firm, successfully acquired over 90 percent of the shares in Selecta Group from Allianz Capital Partners, Allianz Group's in-house investment manager for alternative investments. Selecta Group is a leading vending and coffee services company in Europe with a turnover of about 714 million and approximately 4,500 employees in 21 countries across Europe. The company operates more than 145,000 vending machines, employs approximately 4,500 people, and serves more than 6 million consumers daily.
White & Case LLP has advised J.M. Huber Corporation on its acquisition of the specialty chemicals producer Martinswerk GmbH, from Albemarle Corporation. The transaction is scheduled to complete at the beginning of 2016 and requires clearance from the German Federal Cartel Office.
Ashurst LLP has advised Charterhouse and Mirion Technologies, Inc., on the acquisition of Canberra, a subsidiary of the French nuclear group Areva.
Mirion Technologies, which is controlled by funds managed by Charterhouse Capital Partners, is a global provider of radiation detection, measurement, analysis and monitoring products and services to the nuclear, defence and medical markets.
Canberra specialises in the production of nuclear measurement instruments.
The choice of purchaser was announced by Areva on 24th December 2015.
Ashurst LLP advised Financière Holding CEP, the investment holding company of JC Flowers & Co and CHG Participations in France, on their acquisition of Empruntis, a group specialised in insurance, debt consolidation, mortgage and consumer credit brokerage.
This transaction intervenes in the context of the diversification of the activity of Financière Holding CEP in the field of credit brokerage in Europe.
Lawyers from the London and Milan offices of global law firm K&L Gates have advised longstanding client LKQ Corporation (NASDAQ: LKQ), a leading supplier of alternative automotive parts, on the acquisition of Rhiag-Inter Auto Parts Italia S.p.a. (Rhiag) for a purchase price of €1.04bn. Rhiag is a leading pan-European distributor of aftermarket spare parts for passenger cars and commercial vehicles serving more than 100,000 professional clients.
Kirkland & Ellis is advising a buyer group consisting of Mr. Dong Yu, the founder of Bona Film Group Limited (NASDAQ: BONA), a leading film distributor and vertically integrated film company in China and certain other entities including affiliates of Sequoia, Fosun, SAIF, Alibaba Pictures Group Limited and Tencent, in connection with their acquisition of Bona at an implied enterprise value of approximately US$1 billion, based on Bona’s total shares issued and outstanding on a fully diluted basis. The merger agreement was announced on December 15, 2015.
Jones Day represented Newell Rubbermaid Inc. (NYSE: NWL) in the execution of a definitive Agreement and Plan of Merger to acquire Jarden Corporation (NYSE: JAH) in a cash and stock transaction with an enterprise value of approximately $20 billion, including total equity value of approximately $15.4 billion. Lizanne Thomas (Atlanta) and Robert Profusek (New York) lead the Jones Day team. The press release provides additional information.
Chequers Capital has agreed to acquire the Spandex-group from Gilde Buy Out Partners AG and other shareholders. The Spandex-group is headquartered in Switzerland and is a leading distributor of graphic media and equipment to the signage and visual communication industry.