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M&A: Acquiror's Counsel

Homburger advises Welsh, Carson, Anderson & Stowe on its majority investment in AIM Software Group

17 Feb 2015

Welsh, Carson, Anderson & Stowe ("WCAS"), a U.S. private equity firm, announced in January 2015 its majority investment in AIM Software Group (“AIM”), a global provider and developer of cutting-edge software used for data and risk management mainly by financial institutions. With more than 100 customers, and offices in Austria, Luxembourg, Switzerland, France, the UK, and the US, AIM offers best-in-class applications designed to work together in a fully integrated business suite, GAIN. The founders will maintain a significant ownership stake in AIM.

Dechert Advises M1 Fashion and L Capital Asia on the Acquisition of Pepe Jeans Group

17 Feb 2015

L Capital Asia, the Asian private equity fund of luxury brands group LVMH, and M1 Fashion, a subsidiary of Lebanese investment firm M1 Group, have acquired a majority stake in Pepe Jeans Group, a Spanish headquartered international group of companies operating in the fashion industry, from Torreal SA, Artá Capital and L Capital Europe. The group includes Pepe Jeans London, which accounts for 70% of group sales and the Hackett brand, which accounts for the remaining 30% of group sales.

White & Case Advises Novator on Chilean Telecoms Acquisition

16 Feb 2015

White & Case LLP has advised Novator on its acquisition of a 92 percent stake in Nextel Chile S.A., the fourth largest telecommunications provider in Chile.

The value of the transaction has not been disclosed. Novator is an alternative investment firm with a portfolio that is focused on four main sectors – telecommunications, pharmaceuticals, IT and renewable energy.

Bonnier acquires with Taylor Wessing majority shares in Deutsche Wirtschaftsnachrichten

16 Feb 2015

Bonnier Business Press AB announced it has acquired majority shares in news site Deutsche Wirtschafts Nachrichten. Founded in 2012, the site is a fast-growing new player in the German business news market and already has some 2 million unique visitors per month. Under the transaction, Bonnier Business Press acquires a 51-percent share from the site’s publisher, BF Blogform Social Media GmbH. Taylor Wessing advised Bonnier on all relevant legal issues connected with the stake taken by the new investor.

Freshfields advises Poundland on its proposed acquisition of 99p Stores

16 Feb 2015

Freshfields Bruckhaus Deringer has advised Poundland Group plc on its proposed £55 million acquisition of 99p Store Limited.

The transaction, which is conditional on CMA approval, includes 99p Stores’ network of over 250 stores which serve more than two million customers a week. Freshfields advised Poundland on its IPO in March 2014.

The Freshfields team was led by corporate partner Oliver Lazenby, alongside ACT partner Martin McElwee.

Migros acquires Lüchinger+Schmid-Group

13 Feb 2015

Migros, Switzerland's largest retail company and largest supermarket chain, acquires, through its subsidiary Saviva Swiss Food Services, Lüchinger+Schmid-Group, Switzerland’s leading egg manufacturer and processing company and thereby expands its egg business. Lüchinger+Schmid-Group employs about 270 people in eight sale and two production locations in Flawil SG and Kloten ZH and in 2012 realized total revenues of about CHF 200 million. The transaction is subject to Swiss Competition Commission approval.

Nabarro advises on sale of controlling interest in Pinnacle Sports

13 Feb 2015

Nabarro has advised the existing shareholders of online sports betting operator, Pinnacle Sports Worldwide, on the sale of a controlling interest in the business.

Curacao based and licensed Pinnacle Sports is one of the world’s largest online sportsbooks that includes casino products. The company has customers in over 100 countries and is available in more than 15 different languages.

Leading the Nabarro team was Corporate partner Alasdair Steele who was assisted by Corporate associates Richard Lee and Elliot Jackson.

Roschier Finnish counsel to Orkla in its acquisition of Cederroth

13 Feb 2015

Roschier acted as Finnish counsel to Orkla ASA, a leading supplier of branded consumer goods in the Nordic and Baltic region, in its acquisition of Cederroth from funds managed by CapMan and Litorina.
 
Cederroth has a product portfolio of well-established brands such as LdB, Asan, Bliw, HTH, Salvequick and operations in Sweden, Finland, Denmark, Norway, Poland and Spain.