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M&A: Acquiror's Counsel

Vinge advises Hexatronic in conjunction with acquisition of TD Fiberoptik

06 Mar 2015

Vinge has advised Hexatronic Group AB (publ) listed on NASDAQ Stockholm First North in conjunction with the acquisition of all shares in Tele & Data Fiberteknik I Örebro AB. TD Fiberoptik manufactures and sells products and solutions for passive fiber networks primarily for the telecommunications market.  TD Fiberoptik has approximately 50 employees in Sweden and Norway and an annual turnover of approximately SEK 125 million with an EBITDA margin of approximately 12 per cent.

Vinge advises Lagerkrantz Group in conjunction with acquisiiton of Dooman Teknik

06 Mar 2015

Vinge has advised Lagerkrantz Group AB in conjunction with the acquisition of all shares in Dooman Teknik AB. The company offers products within the field of residential conversions for handicapped persons together with a mini garage for handicap vehicles as its primary product.

Vinge’s team consisted of responsible partner Johan Winnerblad together with, among others, associate Filip Öhrner.

Bufab acquires Flos

06 Mar 2015

Bufab Holding has acquired Flos, a leading Dutch C Parts and components supplier.

Bufab is a trading company that offers its customers a full-service solution as supply chain partner for sourcing, quality control and logistics for C-Parts (screws, nuts, etc.). The Group has operations in 23 countries and approximately 800 employees. Bufab’s sales for 2014 amounted to approximately SEK 2.2 billion. The Bufab share is listed on Nasdaq Stockholm.

Davis Polk Advises Temenos on Its Acquisition of Multifonds

05 Mar 2015

Davis Polk is advising Temenos Group AG in connection with its acquisition of IGEFI Group s.à.r.l. (trading as Multifonds), a Summit Partners portfolio company. The consideration for the acquisition, which is due to close on March 5, 2015, is €235 million to be funded through cash and debt. The acquisition will give Temenos additional scale, access to highly complementary products, client relationships with more than 30 of the world’s largest financial institutions, and exposure to the fast-growing fund administration market.

PREMIUM Communications Holding sells avocis to Capita plc.

05 Mar 2015

PREMIUM Communications Holding, in which Equistone Partners Europe Limited managed funds hold a majority stake, sold its participation in avocis to U.K. based Capita plc. on February 27, 2015. avocis, based in Tägerwilen, Switzerland is a leading provider of customer contact management services and operates 16 sites in Germany, Switzerland and Austria and generates an annual turnover of EUR 210m (2014). The Lenz & Staehelin tax team advised PREMIUM Communications Holding in this transaction.

Dentons advises L1 Energy in relation to its US$5.7 billion acquisition of RWE Dea

04 Mar 2015

Dentons has advised L1 Energy, the market leading global oil and gas investment fund of the LetterOne Group advised by Pamplona Capital Management, in relation to the completion and shareholder funding of its acquisition of RWE Dea AG, the oil and gas unit of RWE AG, Germany’s largest power generator, for debt and equity consideration of US$5.7 billion.

Clifford Chance cross-practice team advises Salamander Energy plc on successful securities exchange offer from Ophir Energy plc

04 Mar 2015

A cross-practice team from Clifford Chance has advised Salamander Energy plc on its recommended share exchange acquisition by Ophir Energy plc, which became effective today.

The successful completion of Ophir's recommended offer for Salamander, which was valued on announcement at approximately £314 million, is the final step for Salamander in a long transaction process which included an aborted formal sales process, an agreed asset sale to SONA Petroleum Berhard and, subsequently, interest from multiple potential bidders and a recommended offer from Ophir.

Tencent Acquires Miniclip Group SA

03 Mar 2015

Tencent has acquired ownership in Miniclip Group SA. Headquartered in Neuchâtel, Switzerland, Miniclip is a digital games company which develops, publishes and distributes mobile and online games to around 70 million monthly active users across mobile, social and online platforms. Tencent, listed on the Hong Kong Stock Exchange, is one of the largest internet companies worldwide based on market capitalization and provides services such as social networks, web portals, e-commerce, and multiplayer online games.