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M&A: Acquiror's Counsel

Nupqu Development Corporation and ?aqam Community Enterprises acquire traffic control company

10 Nov 2018

On Nov. 8, 2018, ?aqam Community Enterprises (ACE) and Nupqu Development Corporation purchased D&B Flagging and Traffic Control Ltd.

ACE is the development corporation for the ?aqam community. Nupqu is the development corporation for the Ktunaxa Nation of which ?aqam is one of four communities.

D&B is a full service traffic control and flagging company, serving southeastern British Columbia and Alberta, that has a fleet of modern trucks, safety equipment, signage, radios and pilot vehicles.

Pinsent Masons advises CommScope Holding Company, Inc. on its US$7.4 billion acquisition of ARRIS International plc

10 Nov 2018

International law firm Pinsent Masons has, together with Alston & Bird LLP, advised CommScope Holding Company, Inc., a global leader in infrastructure solutions for communications networks, on its US$7.4 billion proposed acquisition of ARRIS International plc, a global leader in entertainment and communications solutions.

The combination of CommScope and ARRIS would create a company with approximately US$11.3 billion in revenue and adjusted EBITDA of approximately US$1.8 billion.

CMS advises strategic healthcare investor Water Street on acquisition of shares in clinical contract research firm Cato

10 Nov 2018

Stuttgart - Water Street Healthcare Partners, LLC, a US-based strategic healthcare investor has signed a definitive agreement to invest in US-based clinical contract research firm Cato Research Ltd. The details of the transaction have not been disclosed.

A CMS team headed by lead partner Dr Tobias Grau supported Water Street on all legal aspects of the German part of this international deal.

DLA Piper advises Zensho Holdings on US$257 million acquisition of Advanced Fresh Concepts Corp.

09 Nov 2018

DLA Piper has advised Zensho Holdings (Zensho), the largest food service company in Japan by sales, known for its beef bowl restaurant chains "Sukiya" and "Nakau", on its acquisition of California-based Advanced Fresh Concepts Corp. (AFC), an in-store sushi chain with more than 4,000 locations throughout the United States, Canada and Australia. The purchase price was US$257 million, the largest acquisition ever made by the Japanese restaurant chain operator, which is also one of the top-ten food service companies in the world.

Vitol and IFM to Acquire 50% of VTTI from Buckeye

08 Nov 2018

Vinson & Elkins advised Vitol Group in its joint acquisition, with IFM Global Investors, of Buckeye Partners LP’s 50% equity interest in VTTI BV, the leading global independent provider of energy storage.

The V&E corporate team was led by partner Shaun Lascelles with assistance from associate Jing Ng. Also advising were partner Jenny Doak and senior associate Evlogi Kabzamalov; and partners Billy Vigdor and Jeremy Marwell and associate Ryan Will.

Milbank Advises ProSiebenSat.1 Media and NuCom Group in the Acquisition of eHarmony

08 Nov 2018

ProSiebenSat.1 Media SE, one of Germany’s largest media groups, has announced that it has acquired eHarmony, Inc., the California-based online matchmaking platform, via its e-commerce platform NuCom Group and its portfolio company, PARSHIP ELITE Group.

Milbank, Tweed, Hadley & McCloy LLP advised ProSiebenSat.1 and NuCom Group in the acquisition.

The Milbank team was led by Corporate partners Deborah Conrad and Martin Erhardt and associates Natalie Chitayat, Kimberly Covington and Alexandra Singer.