Nordstjernan has agreed to acquire 88 percent of the shares in Bygghemma Group (“Bygghemma”) from a consortium of private investors. The remaining shares will then be owned by members of Bygghemma’s management team, who will remain as owners and enter into partnership with Nordstjernan.
Slaughter and May advised Essentra plc (Essentra) on the acquisition of Blue NewCo 1 B.V., the holding company of the entire Specialist Packaging Division of Clondalkin Group (Clondalkin SPD), by a subsidiary of Essentra, ESNT International Limited (the Acquisition). The transaction values Clondalkin SPD at approximately US$455 million, free of cash, debt, debt-equivalent items and tax assets. Completion of the Acquisition is subject to customary closing conditions, including clearance from certain competition authorities, which are anticipated to be satisfied in Q1 2015.
Roschier represented IK VII Fund, advised by IK Investment Partners, in the acquisition of Evac Oy from funds managed by Oaktree Capital Management, L.P.
Evac is a global market leader in integrated water and waste management solutions for the marine, offshore and building industries and employs approximately 190 people. The total revenue of the company for financial year 2014 is close to EUR 70 million. Completion of the transaction is subject to legal and regulatory approvals.
Vinge has advised Bygghemma Sverige AB in connection with the acquisition of United Web Sweden AB. Bygghemma is the leading e-commerce home improvement and home furnishing company in the Nordic region. United Web Sweden sells through different subsidiaries inter alia kitchen fixtures, bathroom furnishing and sanitary products as well as floors and floor accessories on the internet.
Kristian Ford is advising Bygghemma together with Fredrik Christiansson and Madelene Eriksson.
Clifford Chance has advised AMP Limited on its acquisition of a 19.99 per cent stake in China Life Pension Company Limited, the largest pension insurance company in China.
VISCHER acts as advisor to Lionbridge Technologies, Inc. (Nasdaq: LIOX) in its acquisition of CLS Communication, a privately held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets with headquarter in Zurich, Switzerland. Lionbridge expects to purchase CLS for approximately 74 million Swiss Francs subject to estimated cash and debt adjustments at closing and certain post-closing adjustments.
Taylor Wessing has advised its client NoteMachine, one of the major cash machine operators in the UK and Germany, on its acquisition of Eurochange Ltd, a provider of specialist foreign currency and international payment solutions to retail and business customers.
The acquisition furthers NoteMachine's strategy of extending its range of transactional and payment services to retail, business and bank customers.
Charles Russell Speechlys has advised the Civica Group (an investee company of OMERS Private Equity) on its acquisition of Asidua Holdings Limited, the software consultancy and services group.
Asidua is based in Belfast with offices in Dublin and Birmingham. The company specialises in software, integration and consultancy services for government and corporate customers in the UK and internationally, with particular expertise in local government contact management and application integration and in specialist telecoms systems.
Trowers & Hamlins has acted for new client Capital Trust Limited on the acquisition of the Holiday Inn Express, Cheltenham, by one of the client's group companies, PCH Cheltenham Limited, together with majority investors Lumina Real Estate Capital.
Capital Trust's prime role was to act as corporate finance advisor on the acquisition.
Stephenson Harwood (Singapore) Alliance has advised new client, Corporation Service Company ("CSC"), a Delaware-based global leader in providing digital brand services to brand owners, on its acquisition of the IP Mirror group. The IP Mirror group is a leading provider of corporate domain name registration and online brand protection services across Asia.
The acquisition signed and completed in Singapore on 31 October 2014. Financial details of the acquisition have not been disclosed.