Ashurst has advised Downer EDI Limited (Downer) in an unconditional agreement to acquire 100% of the shares in Tenix Holdings Australia Pty Ltd for $300 million on a cash and debt free basis.

Tenix is a leading provider of long term operations and maintenance services to owners of electricity, gas, water, wastewater, industrial and resources assets in Australia and New Zealand.  It also has smaller operations in PNG and the Pacific Islands.

The acquisition agreement, announced on 20 October 2014, was supported by warranty and indemnity insurance.

Weil is advising GLOBALFOUNDRIES in its agreement to acquire IBM’s global commercial semiconductor technology business, including intellectual property and technologists and technologies related to IBM Microelectronics. Following completion, GLOBALFOUNDRIES will also receive $1.5 billion cash over three years from IBM and will become IBM’s exclusive server processor semiconductor technology provider for 22nm, 14nm and 10nm semiconductors for the next 10 years.

Mills & Reeve have advised the management team of Eley Limited in a £42 million management buyout.  Eley is a world renowned manufacturer of rounds for the target shooting market and its Tenex product has helped to secure a significant number of medals at recent major shooting events and competitions, including the London 2012 Olympics. The Eley Group currently employs more than 120 staff and in 2014 is forecast to generate turnover of £17million.

Archroma, a world-leading supplier of products and solutions to the textile, paper, adhesives, and coating industries and portfolio company of SK Capital Partners, has agreed to acquire the global textile chemical business of the German chemical company BASF. The transaction is subject to approval by the relevant antitrust authorities.

The Dutch private equity company Waterland Private Equity (“Waterland”) today announced that Waterland Fund V has acquired a majority stake in MEDIAN Group (“MEDIAN”), a private operator of hospitals and rehabilitation facilities with more than 9,000 beds based in Berlin. MEDIAN is being sold by the American private equity company Advent International and the British real estate investor Marcol. The transaction is subject to approval by the German Bundeskartellamt.

Simpson Thacher represented KKR in its sale of Turkish ferry business U.N. Ro-Ro Isletmeleri AS to a partnership of local private equity firms consisting of Esas Holding AS and Actera Partners LP.  .

U.N. Ro-Ro provides sea transport between Turkey and Western Europe as an alternative mode of transport to land routes through Eastern Europe and the Balkans.

Geberit, the European leader in the sanitary technology sector, has announced the offer to acquire all shares in Sanitec, the European leader in the bathroom ceramics sector. The offer price corresponds to a total equity value of CHF 1.29 billion. The shares in Sanitec are listed on NASDAQ Stockholm.

A&L Goodbody has acted as Endo International's Irish legal advisor on its proposed acquisition of Auxilium Pharmaceuticals in a cash and stock transaction valued at approximately $2.6bn.

A&L Goodbody partners from the Firm's Dublin office advising on the transaction included: Alan Casey, Ronan Lyons and James Somerville. This transaction is another notable example of A&L Goodbody acting on high profile and large scale international M&A deals.

Wragge Lawrence Graham & Co has advised dnata on its acquisition of the entire issued share capital of UK-based Stella Travel Services.

dnata, part of the Emirates Group, is one of the world's largest air services providers offering ground handling, cargo, travel and flight services across five continents.

Stella Travel Services, one of the UK's leading travel businesses, includes five brands: TravelBag, Travel2, Sunmaster, Global Travel Group and Triton Rooms. The acquisition will strengthen dnata's position as a global travel services provider.

Davis Polk is advising Deutsche Bank Securities Inc. as financial adviser to Penford Corporation in connection with its approximately $340 million acquisition by Ingredion Incorporated. The transaction, which is subject to shareholder and regulatory approvals and other customary closing conditions, could close as early as the end of the year.