The US private equity investor Kohlberg Kravis Roberts & Co. (KKR) will be taking over Bayer AG’s Diabetes Care business for EUR 1.022 billion via its portfolio company, Panasonic Healthcare Co., Ltd. KKR and Bayer AG announced the execution of a definitive agreement for the acquisition today. Closing of the transaction is subject to the customary conditions, including clearance by the relevant antitrust authorities, and is expected to take place in the first quarter of 2016. 

Mayer Brown has advised the Canadian property group, Brookfield, on its acquisition of Center Parcs, a holiday resort operator.

Brookfield acquired Center Parcs’ five holiday villages in the United Kingdom from Blackstone Group, a global investment and advisory firm for an undisclosed sum. Blackstone decided to sell the business after nine years of ownership and the transaction is expected to complete by the end of July.

Clayton Utz congratulates its client Japan Post Co. Ltd (Japan Post) as well as Toll Holdings Limited (Toll) on the successful implementation of its merger scheme of arrangement on 28 May 2015.

This was the largest acquisition of an Australian company in the year to date, implying an equity value for Toll of approximately $6.75 billion and an enterprise value of approximately $8.02 billion.

Taylor Wessing has advised Wahanda, Europe’s largest hair and beauty marketplace, on the €34 million (£24m) acquisition of its Dutch equivalent Treatwell.

The deal is the fourth 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. Taylor Wessing has advised on each acquisition as well as the €42 million investment in Wahanda by Recruit last month

Bird & Bird acted as a legal advisor for Assa Abloy in recently signed agreement to acquire Flexim, a leading security systems provider and locksmith in Finland.

Heuking Kühn Lüer Wojtek advised WESTGRUND AG on carrying out the voluntary public takeover offer of ADLER Real Estate AG on April 30, 2015. The advice included in particular the creation of the joint reasoned opinions of the Management Board and the Supervisory Board on the takeover offer and the adequacy of the consideration offered. In addition, the team led by Dr.

Gide has advised Lactalis on the acquisition of an 80% stake in the dairy heavyweight Ak Gida from its shareholders, in particular Turkish food industry leader Yildiz Holding. This operation, which remains subject to customary conditions for this type of transaction, in particular the approval of the competition authority, marks the beginning of a new stage in Lactalis’ internationalisation strategy.

Wragge Lawrence Graham & Co's intellectual property (IP) experts in Munich have worked with Ashurst LLP to advise Novacap Group on its acquisition of pharmaceutical company CU Chemie Uetikon (Uetikon) for an undisclosed sum.

Ashurst instructed Dr Ina Gerstberger of Wragge Lawrence Graham & Co's Munich office on the basis of her specialist knowledge relating to transactional and regulatory pharmaceutical and chemical law.

A Travers Smith team led by senior partner Chris Hale has advised management on the acquisition by funds managed by Brookfield Property Partners of Center Parcs UK from private equity and real estate funds managed by Blackstone. The transaction sees Brookfield agree to acquire a majority stake in the business with the remaining stake held by management. The transaction is due to complete by the end of July.

King & Wood Mallesons (KWM) has advised Colgate-Palmolive on the sale of its laundry detergent brands portfolio in Australia, New Zealand and Fiji to Henkel. The portfolio includes well-known brands Cold Power, Dynamo, Sard, Kindness, Spree and Hurricane.

KWM acted as Australian lawyers across all aspects of the deal. Building on KWM’s long history of advising the Colgate-Palmolive in Australia, the deal team worked closely with the Colgate-Palmolive’s Australian legal team of Amber Stanley and Ingrid Stewart.