DLA Piper has advised client Shanghai Jin Jiang International Hotels ("Jin Jiang"), a leading hotel group in China, on its strategic investment in Plateno Group for approximately US$ 1.3 billion, giving it an 81% stake in the company. The deal values Plateno Group at 10.8 billion yuan.
The closing of the acquisition of 99.78% shares in Kommunalkredit Austria AG by the strategic partners, Interritus and Attestor, has occurred on 28 September 2015.
The new direct shareholder of Kommunalkredit Austria AG is Gesona Beteiligungsverwaltung GmbH, the acquisition vehicle of the two strategic partners which have (indirectly) invested through Interritus Limited, United Kingdom (for Interritus) and Trinity Investments Limited, Ireland (for Attestor).
The acquisition of MIAS Group by Jungheinrich AG was completed on October 1, 2015. Following the approval by the German Federal Cartel Office and the Austrian competition authorities, Jungheinrich expands its leading position as a provider of logistics systems.
The Danish company Nautec A/S has acquired Watski AB with subsidiaries. Watski is the leading boat accessories wholesaler in Scandinavia.
Nautec A/S is part of a family owned company group with headquarters in Denmark. The company group is well consolidated with several ownership in the marine industry, hydraulics and industrial components and systems, consumer products and real estate business.
Nautec was advised by Mannheimer Swartling in the transaction. The firm’s team consisted of Åsa Hansdotter, Christian Hallberg and Louise Bjartell.
Norton Rose Fulbright is advising Sacturino Limited on its $9 billion cash offer for Polyus Gold International. Sacturino is a wholly-owned subsidiary of Wandle Holdings Limited, which already owns or is interested in 40.2 per cent of Polyus Gold.
Simmons & Simmons has advised Actief Interim, one of the largest and independent temporary employment agencies for Benelux, on its acquisition of German ISU group.
Actief Interim is a portfolio company of the private equity investor Gilde. The ISU group is one of the leading independent companies in the temporary staffing business in Germany.
This acquisition represents a first step for Actief Interim in the German market after significant growth in Belgium and the Netherlands.
Olswang has advised modern European restaurant group Foxlow Restaurants Limited on its acquisition of Dinish Restaurants Limited, operator of Sam Harrison’s two restaurants: Chiswick’s Sam’s Brasserie and Harrison’s in Balham. Foxlow is a subsidiary of Underdog Restaurants Limited, which also owns high-end steak franchise Hawksmoor.
DLA Piper advised Ardian on its binding offer for the acquisition of the Solina groupDLA Piper advised Ardian on its binding offer for the acquisition of the Solina group. The independent private investment company has entered into exclusive negotiations with IK Investment Partners for the acquisition of Solina, the European provider of food ingredient mixes. The management team, led by Eric Terre (CEO and Founder), Laurent Weber (COO) and Bertrand Vaz (CFO), will reinvest in the company.
Axel Springer SE announced a binding agreement to purchase additional approximately 88 percent of the shares in US-based business- and news portal Business Insider for a purchase price of USD 343 million (currently approximately €306 million). Axel Springer already holds a stake of approximately nine percent in the company and, after this purchase, will hold a stake of approximately 97 percent.
SIG plc, the leading European specialist solutions provider to the construction industry, has completed the acquisition of HC Groep B.V. HC Groep is a specialist Air Handling systems provider based in the Netherlands and the UK (Brighouse, West Yorkshire) with turnover of €45m.