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M&A: Acquiror's Counsel

Clifford Chance advises Perceva on its exclusive negotiations with Fruit of the Loom for the acquisition of Vanity Fair Brands Europe

29 Jun 2015

Clifford Chance advised Perceva, the independent French investment firm, on its exclusive negotiations with Fruit of the Loom Inc., controlled by Berkshire Hataway, for the acquisition of Vanity Fair Brands Europe, its European activities of ladies’ lingerie business.

The project will now be presented in compliance with applicable laws to the employee representative bodies.

Addleshaw Goddard advises Norcros on acquisition of Croydex Group

26 Jun 2015

Addleshaw Goddard's Manchester corporate team has advised Norcros, the market leading supplier of innovative bathroom products, on its acquisition of bathroom supplier, Croydex Group, for £21.9m.

Of that amount, £20.8m has been settled in cash and £1.1m has been deferred for three years.

The acquisition of Croydex is an important move for Norcros's ambitious growth plans and will add extra product lines to its business. It follows Norcros's successful acquisition of Vado in 2013, which Addleshaw Goddard also advised on.

LETT assists British Montagu in acquiring DEAS A/S

26 Jun 2015

LETT assisted British P/E fund Montagu Private Equity in its acquisition of DEAS A/S from Danish pension funds PKA and Sampension.

DEAS was established by PKA in 1989 as a management and service company for the property sector and later on Sampension came in as a shareholder. The accounts of recent years show sound financial developments and, in 2014, revenue reached DKK 402m and operating profit (EBIT) reached DKK 36m.

Taylor Wessing advises Wahanda on acquisition of ZenSoon

25 Jun 2015

Taylor Wessing has advised Wahanda, Europe’s largest hair and beauty marketplace, on the acquisition of ZenSoon, a similar beauty platform in France.

The deal is the fifth European acquisition by Wahanda in the last six months and reaffirms the company’s strategic position as the leading online hair and beauty booking platform in Europe. The acquisition of ZenSoon also comes less than two weeks after Wahanda bought Dutch competitor Treatwell for $38 million.

Freshfields advises Mast-Jägermeister on its acquisition of the Sidney Frank Importing Company

24 Jun 2015

Freshfields Bruckhaus Deringer LLP has advised Mast-Jägermeister on its definitive agreement to acquire the Sidney Frank Importing Company (SFIC), the New York-based alcohol brands distributor.

International law firm Freshfields Bruckhaus Deringer LLP has advised Mast-Jägermeister on its definitive agreement to acquire the Sidney Frank Importing Company (SFIC), the New York-based alcohol brands distributor.

Ashurst acts for Western Areas in A$24.5m acquisition of CNC

24 Jun 2015

Ashurst has advised Western Areas Ltd, through its 100% owned subsidiary, Australian Nickel Investments Pty Ltd on its A$24.5 million acquisition of the Cosmos Nickel Complex (CNC).

The CNC is situated in the Agnew Wiluna Nickel Belt one of the world's premier nickel belts. The CNC presents substantial exploration opportunities in areas that are largely untested, in addition to operation-ready site infrastructure and significant spares inventory.