With a team led by Dr. Pär Johansson, Heuking Kühn Lüer Wojtek advised Odewald KMU, a German holding company focusing on SMEs, on the acquisition of 7days group, headquartered at Lotte near Osnabrück. 7days group is a fully integrated B2B mail order company of medical and medical care working clothes in fashionable designs with subsidiaries in Austria, France, Belgium, and Morocco. The group has some 200 employees.
Transaction also includes the acquisition of two related joint ventures from Euromoney Institutional Investor PLC.
Eversheds has advised a consortium consisting of Tunisie Leasing, Amen Bank, Proparco and two funds managed by responsAbility on an agreement with AfricInvest, FMO, FinnFund, Bank of Africa Group, and Gras Savoye entered into with a view to acquiring a controlling interest in the Alios Finance group. Scemla Loizon Veverka & de Fontmichel (SLVF) advised AfricInvest, FMO, FinnFund, Bank of Africa Group, and Gras Savoye.
EQT VI has entered into an agreement to acquire Siemens Audiology Solutions (the “Company”) from Siemens AG (“Siemens”) together with Santo Holding, the investment vehicle of the German Strüngmann family, as minority co-investor. The Company is a leading global manufacturer of hearing aids acknowledged for its innovative and high-quality products. R&D has always been a core area for the Company having been fostered by Siemens strong technology heritage. The Company’s management team will continue to drive future development and growth.
Dechert LLP advised the management team of CHRYSO in its buy back to LBO France from Materis (a Wendel subsidiary). The transaction values CHRYSO at an enterprise value of 290 million euros and all proceeds will enable Materis to repay a shareholder loan issued by Wendel in August 2014.
Wragge Lawrence Graham & Co has advised Formation Capital LLC, a leading private investment management firm, on its acquisition of the NHP Group, for £477.7 million.
Wragge Lawrence Graham & Co's 35-lawyer team was led by the head of private sector healthcare Karima Hudson, Christine Jackson and David Hayward (partners, real estate) and Jon Lent (partner, finance). The team worked alongside international law firm Skadden on the deal.
Slaughter and May is advising Cable & Wireless Communications Plc (CWC) on its proposed acquisition of Columbus International, Inc (Columbus) for consideration of US$1.85 billion. In addition, CWC will assume Columbus’ existing net debt of US$1.17 billion.
Davis Polk is advising MasterCard in connection with its acquisition of the Payment Gateway Services business of Transaction Network Services. The transaction is expected to close in the fourth quarter of 2014. Terms of the agreement were not disclosed.
Davis Polk advised QuEST Global Engineering Services Pvt. Ltd. on its acquisition of Network Systems and Technologies Limited (“NeST”). The financial terms of the transaction were not being disclosed.
Hengeler Mueller advises ImmobilienScout24 on acquisition of FLOWFACT ImmobilienScout24 expands its activities in the field of Customer Relation Management systems (CRM) and acquires FLOWFACT AG, headquartered in Cologne. FLOWFACT AG is a leading provider of software in the real estate sector in Germany. The company was founded in 1985 and has more than 120 employees at the location in Cologne.