TRANZACT and White Mountains Insurance Group, Ltd. (“White Mountains”) announced that White Mountains has made a majority investment in TRANZACT, a leading provider of end-to-end customer acquisition solutions to the insurance sector. White Mountains acquired approximately 63% of TRANZACT for a purchase price of $178 million, representing an enterprise value of approximately $280 million. Cravath represented White Mountains in this transaction.
Vinge has advised Bygghemma Sverige AB in connection with the acquisition of Netrauta Finland Oy. Bygghemma has sold building materials on the internet since 2006 and is now the leading Nordic e-business company for building materials. Netrauta conducts corresponding business and is leading in Finland.
Kristian Ford is advising Bygghemma together with Fredrik Christiansson. Vinge has worked with Waselius & Wist in Finland on the transaction.
Jones Day is representing STERIS Corporation on its recommended offer to acquire Synergy Health plc in a cash and stock transaction valued at approximately $1.9 billion. STERIS is a major provider of infection prevention and other procedural products and services, focused primarily on healthcare, medical devices, pharmaceutical, and research.
Jones Day advised CBS Outdoor Americas Inc. ("CBSO") on the cash acquisition of certain outdoor advertising business from Van Wagner Communications, LLC for $690 million. CBSO acquired approximately 1,100 large format billboard displays in 11 top U.S. markets.
Shearman & Sterling is advising Nextech Holdings LLC ("Nextech"), a portfolio company of Francisco Partners, in its acquisition of MDIntelleSYS, LLC ("MDI"). The terms of the transaction were not disclosed.
Nextech is a leading provider of fully integrated electronic medical records, practice management and marketing software solutions for specialty physician practices. Francisco Partners, based in San Francisco, is a leading private equity firm that specializes in investments in technology companies.
Mayer Brown represented private equity firm The Jordan Company III, L.P., on the acquisition by its affiliate, The Resolute Fund III, L.P., of American Freight of Ohio, Inc. and related companies (“American Freight”). American Freight is a leading discount furniture retailer.
Kirkland & Ellis LLP advised Vista Equity Partners in its acquisition of TransFirst Inc., a leading provider of secure payment processing. Financial terms of the deal have not been disclosed.
The Kirkland team is led by corporate partners David Breach and Stuart Casillas, intellectual property partner John Lynn, and corporate associate Jessica Isokawa.
Linklaters has advised a global investment consortium comprised of Alberta Investment Management Corporation, Allianz Capital Partners, on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management on their agreement to purchase Porterbrook Rail Finance Limited, one of the three major rolling stock leasing companies in the UK.
HEXPOL has signed an agreement to acquire the VIGAR Rubber Compounding business within Grupo Vigar from the founders’ families for a purchase price of approximately EUR 19 million. The transaction is subject to customary regulatory approvals.
VIGAR Rubber Compounding, with manufacturing facilities in Rubi, Spain and Viersen, Germany, had a turnover of EUR 57 million in 2013 and has around 130 employees.
Kirkland & Ellis International LLP advised Ontario Teachers’ Pension Plan (Teachers) on the £365 million acquisition of Bridon Limited, a UK-headquartered designer and manufacturer of specialist cables, ties and wires for the mining, construction and energy sectors. The acquisition of Bridon from Melrose PLC was led by Teachers’ private equity investment division, Teachers’ Private Capital (TPC).