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M&A: Acquiror's Counsel

Clifford Chance advises Endo Lighting on purchase of UK's Ansell Electrical

20 Nov 2014

Clifford Chance has advised Endo Lighting Corp. (Endo) on its purchase of Ansell Electrical Products Limited and Ansell (Sales & Distribution) Limited (Ansell), wholesalers of lighting products in the UK focusing mainly on northern England and northern Ireland, for approximately GBP36 million (approximately JPY6.5 billion). Endo is aiming at enhancing its existing business in the UK in order to develop the market for light-emitting diode (LED) lighting products. LED lighting products have been popular for some time in Japan.

Clifford Chance advises DP World on proposed US$2.6 billion acquisition of Economic Zones World FZE and proposed delisting from the London Stock Exchange

20 Nov 2014

Clifford Chance is advising DP World Limited (DP World) on the proposed acquisition of Economic Zones World FZE (EZW) from Port and Free Zone World FZE (PFZW) for total cash consideration of US$2.6 billion, subject to certain adjustments, and its proposed delisting from the London Stock Exchange.

Vinge advises Anicura in connection with the acquisition of Djurskukhuset i Jägarvallen

20 Nov 2014

Vinge has advised AniCura in connection with the acquisition of Djursjukhuset i Jägarvallen, the oldest veterinary clinic in the county of Östergötland. The merger entails that AniCura has broadened its base of veterinary and medical facilities for pet owners in the region. AniCura is a leader in advanced veterinary care for dogs, cats and other companion animals. The company was founded on the notion of combining resources to provide better veterinary care.

Clifford Chance advises Mitsubishi Corporation on its acquisition of Cermaq ASA

19 Nov 2014

Clifford Chance has advised Mitsubishi Corporation on its voluntary cash offer for the entire issued share capital of Cermaq ASA, a multinational fish farming group listed on the Oslo Stock Exchange. The acquisition, which is valued at approximately NOK8,880million (£838million) completed earlier in November.

Setterwalls advised Recipharm in connection with SEK 1 billion acquisition of Lusomedicameta

18 Nov 2014

Setterwalls was the legal advisor for Recipharm AB (publ) in connection with the SEK 1 billion acquisition of Lusomedicameta Sociedade Técnica Farmacêutica S.A., a Lisbon based CDMO company. The equity consideration has been paid in a combination of cash and new issued shares.

Setterwalls’ team comprised primarily Jörgen S Axelsson and Jennie Klingberg.

Axel Springer acquires a majority stake in online vacation rental company Leisure

17 Nov 2014

De Brauw Blackstone Westbroek advised Axel Springer on the acquisition of a majority stake of 51% of the shares of Leisure, the Dutch parent company of European online vacation rental portals Belvilla.com and Casamundo.com. The closing of the transaction is subject to customary regulatory approvals.

De Brauw acted as lead counsel to Axel Springer and Paul Cronheim was lead partner.

Herbert Smith Freehills advises Connect Group on its acquisition of Tuffnells Parcels Express

17 Nov 2014

Herbert Smith Freehills has advised long-standing client Connect Group PLC, a leading specialist distributor, on the acquisition of Tuffnells Parcels Express, a leading UK provider of next day business-to-business delivery of mixed freight/parcel consignments, and on its rights issue and extension of the Group's current debt facilities, both of which will fund the acquisition.

WFW advises Mariana Resources on acquisition of Aegean Metals Group

17 Nov 2014

Watson, Farley & Williams (“WFW”) has advised Mariana Resources Ltd (“Mariana”) on the acquisition of Aegean Metals Group (“Aegean”), and with it, highly prospective gold, copper and silver projects in Turkey and Chile. WFW has also recently advised Mariana on an option agreement to earn up to a 50.01% interest in a development company for a gold project in Suriname, and a US$6 million convertible securities issuance.