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M&A: Acquiror's Counsel

Garnero Group Acquisition Company enters into agreement to acquire a majority ownership stake in WISeKey

05 Nov 2014

Garnero Group Acquisition Company, a Special Acquisition Company (SPAC) listed on NASDAQ, announced to enter into definitive agreements with WISeKey SA, an international mobile cybersecurity provider. Under the agreement, Garnero Group Acquisition Company will acquire an minimum ownership interest of around 70% in WISeKey from certain shareholders of WISeKey, but will seek to acquire 100% of the outstanding shares. The transaction is subject to shareholder approval of Garnero Group Acquisition Company, applicable regulatory approvals and other customary closing conditions.

Accent Equity acquires San Sac and EnviroPac

05 Nov 2014

The investment fund Accent Equity 2012 has acquired San Sac from Priveq Investment Fund III and EnviroPac from its founder Rolf Harald Christensen.

San Sac and EnviroPac are two leading Nordic waste sorting and containment equipment solutions companies, with customers within the business-to-business and municipality segments. San Sac has its strongest foothold in Sweden and Denmark, and EnviroPac has its strongest foothold in Norway.

Debevoise Advises Harbinger Group Inc. in Front Street Re’s Acquisition of Ability Reinsurance (Bermuda) Limited

04 Nov 2014

Debevoise & Plimpton LLP advised Harbinger Group Inc. (“HGI”) and its subsidiary, Front Street Re (Cayman), Ltd. (“Front Street Re”), in the acquisition of Ability Reinsurance (Bermuda) Limited (“Ability Re”) by way of a merger of Ability Re with and into Front Street Re, with Front Street Re as the surviving entity.

Davis Polk Advises Thales on Its Acquisition of Security Services from Alcatel-Lucent

04 Nov 2014

Davis Polk advised Thales on the acquisition of cybersecurity and communications security services from Alcatel-Lucent. This agreement comes as part of a strategic partnership between Thales and Alcatel-Lucent, which will enable Thales to expand its business, consolidate the knowledge and expertise of its teams in promising cybersecurity sectors, and offer solutions ensuring the integrity and resilience of its customers’ information systems.

Maakunnan Asunnot Oy: Tender Offer for the Shares in SSK Suomen Säästäjien Kiinteistöt Oyj

03 Nov 2014

Castrén & Snellman is representing Maakunnan Asunnot Oy, a Finnish real estate investment company, in a public tender offer for the shares in SSK Suomen Säästäjien Kiinteistöt Oyj, another real estate investment company. Maakunnan Asunnot will publish the offer document for the tender offer on or about 5 November 2014. The offer period will begin on or about 6 November 2014 and end on or about 27 November 2014.

BAE System acquires Perimeter Internetworking Corp., d/b/a SilverSky, for £144.4 million (US$232.5 million)

03 Nov 2014

Jones Day is advising BAE Systems, a leading multinational defense, security, and aerospace company, on its acquisition of Perimeter Internetworking Corp., d/b/a SilverSky, a commercial cyber service provider, for £144.4 million (US$232.5 million).

In addition to M&A representation, Jones Day is providing private equity, employee benefits, and intellectual property advice regarding this transaction.

Roschier represented Mehiläinen in the acquisition of Mediverkko

03 Nov 2014

Roschier represented Mehiläinen Oy, a leading Finnish private healthcare and social care provider, in the acquisition of Mediverkko Yhtymä Oy from the current Mediverkko management, original founders and investor consortium. Existing Mediverkko management and original founders will become new owners at the combined entity together with the KKR and Triton managed funds and existing Mehiläinen management.

Mediverkko is an innovative and fast growing + 100 MEUR revenue firm operating in multiple social and healthcare services segments in Finland.

AVIC Systems Completes Acquisition of Hilite International

03 Nov 2014

Simpson Thacher represented AVIC Electromechanical Systems Holdings Co., Ltd. (“AVIC Systems”) in connection with its acquisition of Hilite International, a leading global supplier of highly engineered automotive engine and transmission components.  AVIC Systems is a subsidiary of Aviation Industry Corporation of China, one of the largest industrial conglomerates in China.  The transaction values Hilite International at approximately €473 million (US$645 million).  The transaction closed on October 30, 2014.