On February 27, 2015, palero invest S.à r.l., an independent private equity fund located in Luxembourg, acquired Felina group, one of the global players of top quality underwear based in Wettingen, Switzerland, from a Swiss group of investors. Felina provides under the brand names Felina, Conturelle and [un:usual] a wide range of feminine lingerie. Felina group has a turnover of EUR 50 million and 800 employees worldwide.
Schoenherr advised Telekom Slovenije, d.d. on its acquisition of Slovenian mobile virtual network operator (MVNO) Debitel telekomunikacije, d.d. (Debitel) from the sellers ACH, d.d., Adria Mobil, d.o.o., and Svema Trade, d.o.o. The deal, which was announced on 27 February 2015, will be concluded after obtaining required merger control approvals. The parties agreed not to disclose further details, including the purchase price amount, until the completion of the transaction.
A team led by Dr. Helge-Torsten Wöhlert and Dr. Mathias Schröder, Partners at Heuking Kühn Lüer Wojtek's Munich office, advised Idox plc (LSE AIM) on the acquisition of Digital Spirit GmbH from Infinitas Learning, B.V., Netherlands.
GlaxoSmithKline has divested its global oncology business to Novartis for USD 16 billion and has at the same time acquired Novartis' global vaccines business (excluding influenza vaccines) for USD 5.25 billion. The transaction between the parties has also included the creation of a world-leading consumer healthcare joint venture.
Novartis announced that it had agreed to acquire GlaxoSmithKline's (GSK) oncology products and to divest its vaccines business (excluding flu) to GSK. Moreover, Novartis and GSK had agreed to combine Novartis' OTC and GSK's consumer health businesses in a joint venture. In a separate transaction, Novartis had agreed to divest its animal health business to Eli Lilly.
On 31 December 2014, the divestment of the animal health business to Eli Lilly and on 2 March 2015, all transactions with GSK were successfully completed.
Herbert Smith Freehills advised Anil Ambani led-Reliance Infrastructure as international counsel on its acquisition of, an ultimately, controlling stake in Pipavav Defence and Offshore Engineering Company.
The acquisition is said to be the largest ever acquisition in the Indian defence sector, which has recently opened up following Indian government policy changes allowing increased FDI in the sector but at the same time looking to fulfil Prime Minister of India Narendra Modi's "Make in India" programme.
Shoosmiths has advised GAME Digital, the high street and on-line specialist games retailer, on the acquisition of Multiplay (UK) Limited, an event and gaming community focused company, for circa £20 million.
Valora has completed the acquisition of LS Distribution Suisse, which holds all shares in Naville, the leading integrated small-outlet retailer in French-speaking Switzerland. Naville operates an outlet network encompassing more than 175 units and also has one of the main logistics platforms in French-speaking Switzerland.
CHSH Cerha Hempel Spiegelfeld Hlawati advised the leading British outsourcing group Capita in its acquisition of avocis, a customer contract management company having a strong position in the DACH Region, for a purchase price of EUR 210 million.
Dechert LLP advised Orange in an agreement between Orange and Orascom Telecom Media and Technology (OTMT) relating to the purchase, by Orange, of all the shares and voting rights held directly or indirectly by OTMT in the Egyptian Company for Mobile Services (ECMS), a company listed on the Egyptian stock exchange. ECMS operates under the Mobinil brand and is one of Egypt’s leading mobile telecom providers.