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M&A: Acquiror's Counsel

Austria: Schoenherr advises General Electric on acquisition of Francesconi Technologie

26 Jan 2015

Schoenherr advised GE Jenbacher, a subsidiary of the US-based conglomerate General Electric (GE), on its acquisition of Francesconi Technologie GmbH, a technological products firm based in Kapfenberg, Austria. The transaction, which was signed at the end of December 2014, was completed on 20 January 2015 after all necessary approvals were obtained.

NCTM with GOP in the acquisition of MIA

26 Jan 2015

NCTM Studio Legale Associato advised KONE S.p.A., the Italian subsidiary of KONE Corporation, the world leader company
in the design, manufacture and maintenance of elevators and escalators, in the acquisition of the entire share capital of Manutenzione Installazione Ascensori S.p.A. (MIA), from Manutencoop Facility Management S.p.A., leading Italian group active in the integrated facility management area, assisted by Gianni Origoni Grippo Cappelli & Partners.

Debevoise Advises TA Associates on Acquisition of Majority Interest in Access Technology

26 Jan 2015

The London office of Debevoise & Plimpton LLP has advised TA Associates on its acquisition of a majority interest in Access Technology Group.

TA Associates will acquire its stake from Lyceum Capital. The deal is expected to close later this month.

Access is a leading business management software company, whose software covers finance, HR and payroll, business intelligence, supply chain, CRM and warehousing, and can be deployed in the cloud, in a hosted environment or on-site.

ThyssenKrupp elevator division advised by CMS on acquisition in England

23 Jan 2015

The Elevator Technology division of Essen-based engineering group ThyssenKrupp has acquired Lift & Engineering Services Ltd. (LES) of Cradley Heath in the UK's Midlands. The acquisition of the family-owned business is part of ThyssenKrupp's plans to expand its global service business against a backdrop of increasing urbanisation. The purchase price was not disclosed.

An Anglo-German team from CMS in Germany and England headed by lead partners Dr Sebastian Becker, LL.M. and Dr Jürgen Frodermann advised ThyssenKrupp on all legal aspects of the transaction.

Ashurst advises Steel Partners on £46m offer for API Group

23 Jan 2015

Ashurst is advising Cedar 2015 Limited (an indirect subsidiary of Steel Partners Holdings L.P.) on its £46 million offer for API Group Plc, announced today.

API Group is a manufacturer and distributor of foils, films and laminates used to enhance the visual appeal of products and packaging, serving industrial markets in Europe, North America and Australasia from production operations in the UK and US.

Baker & McKenzie Advising Recruit Holdings on Two Australian Acquisitions

22 Jan 2015

Sydney, Australia, 21 January 2015 – Baker & McKenzie is advising Japan-based Recruit Holdings Co. Ltd, one of the world's largest recruitment firms, on two separate significant Australian transactions:

  * acquisition of ASX-listed, HR services provider, Chandler Macleod through a scheme of arrangement; and
  * acquisition of Peoplebank, the largest technology recruitment firm in Australia, from private equity firm Navis.

Generali acquires EUR 1.2 billion remaining stake in its Central and East European business

22 Jan 2015

De Brauw assisted Generali in taking full control of Generali PPF Holding B.V. (GPH) by acquiring the remaining 24% minority shareholding held by PPF Group. The price for this tranche was well over EUR 1.2 billion.

GPH was a 51/49 joint venture of Generali and PPF Group, and is one of the largest insurers in the CEE region and Generali’s fourth largest market with 3.5 billion in premiums and over 11 million customers. De Brauw also assisted Generali in re-negotiating the joint venture and the first acquisition of 25 percent of the shares in GPH from PPF in 2013.

Gleiss Lutz advises Goldman Sachs on acquisition of stake in windeln.de

22 Jan 2015

Goldman Sachs has participated as main investor in windeln.de’s latest financing round. Existing investors Deutsche Bank and DN Capital also took part in the financing round, which saw windeln.de raising a further EUR 45 million in capital. 

Following its recent advising of Goldman Sachs on its acquisition of a stake in online eyewear retailer Mister Spex, this is the second time within a relatively short period that Gleiss Lutz has acted for the US investment bank on one of the largest venture capital financing rounds of the past twelve months in Germany.