Delphi has advised Nibe Industrier AB in the acquisition of the business in Marathon Heater Inc. The acquired sales operations will become part of the NIBE Element North American business group.
GvW Graf von Westphalen has advised Evonik Industries AG on the acquisition of Indian Monarch Catalyst Pvt. Ltd. together with the Indian law firm of Veritas Legal. The transaction was signed in March 2015 and is expected to close during the first half year of 2015.
Trowers & Hamlins has advised longstanding client, Cambian Group plc on its acquisition of By the Bridge Group, an independent fostering services provider for £36 million from private equity firm, Apposite Capital LLP.
Trowers & Hamlins has advised longstanding client, Cambian Group plc on its acquisition of By the Bridge Group, an independent fostering services provider for £36 million from private equity firm, Apposite Capital LLP.
Gide has advised Société Générale in the context of its agreement with Mauritius Commercial Bank, one of the main and oldest banking institutions in Mauritius, to acquire a stake in Mauritius Commercial Bank Mozambique (MCBM). Société Générale will own the majority of the capital through a capital increase reserved for the Group.
The operation must be approved by the Central Bank of Mozambique.
Gide advises Boursorama, Société Générale’s online banking subsidiary, on the full acquisition of Fiduceo, which specialises in online Personal Finance Management. This operation should enable Boursorama to step up its development and build future banking relations, both digital and personalised.
The operation will be completed by the end of April 2015.
The Gide team advising Boursorama on this operation comprised partner Guillaume Rougier-Brierre and Alexandre Heydel.
Berwin Leighton Paisner (BLP) has advised Haversham Holdings PLC on its £1.2 billion acquisition of the British Car Auction Group (BCA).
The reverse takeover will be funded by a placing of new Ordinary Shares and a new debt facility with the Company’s listing being moved to the standard listing segment of the Official List. The Company will be renamed BCA Marketplace plc.
Recover Nordic, a portfolio company of the pan-European mid-market private equity firm Agilitas, has acquired Relita Industri och Skadeservice, one of the largest providers of damage control services in Sweden. Ashurst advised Agilitas on corporate and financing matters.
Recover Nordic, which was acquired by Agilitas in 2013, is the largest emergency response and damage control business in the Nordic region that mainly provides water and fire damage recovery services.
Hogan Lovells has advised Optimal Payments Plc on the €1.1 billion acquisition of Sentinel Topco Limited and its subsidiaries (Skrill Group) from Sentinel Group Holdings S.A, which is ultimately majority owned by funds managed and advised by CVC Capital Partners SICAV-FIS S.A. and Investcorp Technology Partners. The transformational transaction, announced today, will in part be funded by a fully underwritten rights issue raising gross proceeds of approximately £451 million and new debt facilities of €500 million.
French Sonepar group successfully closed the acquisition of Danish Solar group's German electrical wholesale trade business.
Altor Fund IV has today announced that it has acquired 6.4 million shares in Transcom WorldWideAB (publ) from Investment AB Kinnevik. The shares correspond to 24.5% of the shares outstanding in Transcom and were purchased at an aggregate price of SEK 421 million.