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M&A: Acquiror's Counsel

P+P advised HeidelbergCapital on the acquisition of three technology companies from Beaufort Capital GmbH

21 Jan 2015

Private equity investors Auda International (Auda) and Heidelberg Capital Private Equity (Heidelberg Capital) acquired the three technology companies nextevolution, Mobile City GmbH and snom technology AG from Hamburg investor Beaufort Capital GmbH.

The transaction's financing was provided by way of a new fund of Heidelberg Capital and global private equity fund Auda International LP. Moreover, Heidelberg Capital provides additional fundings for further investments and acquisitions. The investments are in a double-digit million range.

Walgreens Acquires the Remaining Equity Ownership in Alliance Boots

21 Jan 2015

Walgreen Co., the largest drug store chain in the United States, has completed the acquisition of the remaining 55% equity ownership in Alliance Boots GmbH, the Swiss parent company of a leading international pharmacy-led health and beauty group. Walgreens had acquired 45% in Alliance Boots GmbH in 2012 with the option to proceed to a full combination by acquiring the remaining 55%.

The transaction resulted in Walgreens becoming a wholly owned subsidiary of Walgreens Boots Alliance, Inc., a NASDAQ listed company.

Vinge advises Lantmännen in connection with its acquisition of the Vaasan Group

21 Jan 2015

Vinge advises Lantmännen Ek För (”Lantmännen”) in connection with its acquisition of the Vaasan Group (”Vaasan”) from Lion Capital. In 2013, Vaasan had net sales of approx. MEUR 415 and in total approx. 2,745 employees. Vaasan is engaged in the baking industry in the Nordic and Baltic regions and is a worldwide supplier of thin crisp and crisp bread. The purchase price is confidential. The transaction is conditional upon approval by the relevant competition authorities.

Lexon (UK) Completes Multi-Million Pound Acquisition Of Norchem

20 Jan 2015

Redditch-based leading pharmaceutical distributor and retailer, Lexon (UK) Limited, has acquired Norchem Limited for an undisclosed sum.

The family-run business, which has a turnover of £150 million and employs over 400 members of staff, purchased the Norchem group of companies in a strategic move in order to grow its retail operation and expand its distribution network which already includes fully automated warehouses in Redditch and Leeds.

Pinsent Masons advises Heidelberg Cement on sale of Building Products Division

20 Jan 2015

Pinsent Masons has advised Heidelberg Cement on the UK aspects of the sale of Hanson Building Products to US private equity investor Lone Star Funds.

The aggregate purchase price of US$1.4 billion includes US$100 million payable in 2016 depending on the performance of the business in 2015. The deal is due for completion in the first quarter of 2015.

The sale includes the building products businesses in North America (excluding Western Canada) and the UK.

Norton Rose Fulbright advises POLITICO on acquisition of European Voice

19 Jan 2015

Norton Rose Fulbright advised POLITICO on its joint acquisition with German publisher Axel Springer of the respected Brussels publication European Voice and Development Institute International, France’s leading event promoter in the public affairs space.

The international team of Norton Rose Fulbright advised regarding tax structuring and its implementation. The team already advised POLITICO on corporate and tax matters in the context of its joint venture with Axel Springer SE in September 2014.

Linklaters advises Athene Holding on the acquisition of the Delta Lloyd Deutschland group

16 Jan 2015

Linklaters advised Athene Holding Ltd on the acquisition of the German business of the Delta Lloyd Groep, which operates its life insurance business in Germany as a run-off operation. The seller is Delta Lloyd N.V. based in Amsterdam. The closing of the transaction is still subject to the regulatory approvals.

Athene Holding, through its subsidiaries, is a leading provider of annuity and retirement savings products in the U.S.