Travers Smith LLP has advised Takkt AG on the acquisition of BiGDUG Limited, a provider of business equipment based in the UK.
Takkt acquired BiGDUG through its subsidiary KAISER + KRAFT EUROPA GmbH, for consideration of approximately £19 million. In addition, up to a further £6.3 million may become payable, subject to the certain agreed performance goals over the next three years.
Shoosmiths has advised Birmingham-based Scrivens Opticians and Hearing Care on the acquisition of Owl Optical for an undisclosed sum.
The acquisition takes Scrivens to 178 branches across England and Wales and will further increase the retailer's presence on the high street.
Owl is an independent Midlands based optical retailer, owned by brothers Simon and David Harrison, with eight branches in Stratford upon Avon, Newquay, Weston-Super-Mare, Penzance, Royston, Shirley (Solihull), Radcliffe and Ashton-in-Makerfield.
Volati AB (publ), through its subsidiary Volati Parts AB, acquires 74 per cent of the shares in Lomond Industrier from Lomond Invest AB.
Volati acquires 74 per cent of the shares and the remaining 26 per cent of the shares is part of a reinvestment program. The total purchase price for all the shares amounts to approximately SEK 525 million. The acquisition is conditional on approval by the Swedish Competition Authority, which is expected during Q3 2015.
Betsson AB (publ), which is listed on Nasdaq Stockholm Large Cap, acquires the privately owned gaming operator Europe-Bet, based in Georgia, from a group of entrepreneurs.
Nets A/S has acquired a majority share in the Danish tech company, Signaturgruppen A/S. The transaction was duly closed on 2 July 2015. Bird & Bird acted as legal counsel for Nets A/S through the transaction.
The Nordic provider of payment, card and information systems, Nets A/S, has once again expanded their strong position on the Nordic market. Nets A/S has acquired a majority share and thereby a controlling position in the Danish technology company, Signaturgruppen A/S. The agreement gives Nets A/S an option to acquire the rest of the shares in the company.
Adelis Equity Partners has agreed to acquire a 70% stake in INTERSPORT Sweden. INTERSPORT is the largest sporting goods retailer in the world with 5,500 stores in 44 countries and one of the largest in Sweden, with a focus on running, cross-country skiing, fitness, football, and other team sports. The deal sees INTERSPORT Sweden acquire approximately 100 franchise stores to create a fully integrated retail group in Sweden, with the remaining 50 stores continuing to operate as franchisees.
DWF has advised specialist loss adjuster vrs VeriClaim on its acquisition of Certo chartered loss adjusters, which will allow the Sedgwick-owned company to expand its third-party administration and commercial loss adjusting capability across the UK. The acquisition will increase vrs VeriClaim’s annual revenue to over £17.5m.
Herbert Smith Freehills has advised new client Element Financial Corporation on the purchase of GE Capital Corporation’s fleet management operations in the US, Mexico, Australia and New Zealand for an all-cash purchase price of US$6.9 billion. Element, one of North America’s leading fleet management and equipment finance companies, is listed on the Toronto Stock Exchange. The transaction is expected to close in the second half of 2015.
The stock-listed Legrand group with its headquarters in Limoges (France) has acquired the internationally operating IME group. Amongst others, the complex cross-border transaction included a parallel transfer of shares in Germany, Italy and France. The parties have agreed not to disclose the financial details of the transaction.
Nabarro has advised new client, multimedia producer Ten Alps plc, which was founded by Bob Geldof, on its recent acquisition of Reef Television Ltd (which constituted a reverse takeover) for a total consideration of approximately £5m with an associated £4.5m fundraise. The consideration for the acquisition has been structured as an initial £2m payment with deferred consideration payable in cash and shares over the course of three years.