CMS is advising Finsbury Food Group plc, the AIM traded bakery group, on its £56 million cash free / debt free acquisition of the Fletchers Bakeries group from Vision Capital and Fletchers’ management. The transaction, which is a reverse takeover under the AIM Rule, is being funded by new debt facilities and a £35 million institutional share placing by Finsbury. The deal is subject to shareholder approval and is expected to close on 30 October 2014.

King & Wood Mallesons SJ Berwin advised Finachef, a holding of Hubert François, manager of the Salins group, on the acquisition of the salt producer alongside Oxylis.

Owned by Chequers Capital, Abénex Capital and Omnes Capital since 2004, the Salins group will be sold to Finachef, owned by Hubert François and his family, as well as to Oxylis. After having obtained approval from the staff representative bodies, the operation is now subject to the regulatory authorisations.

DLA Piper has advised Qualcomm Incorporated on the acquisition of Euvision Technologies.  The acquisition of Euvision, a specialist in image recognition applications powered by artificial intelligence, originally spun out of the University of Amsterdam in the Netherlands in 2009, is one of a series of investments made by San Diego based Qualcomm in the highly sophisticated computer technologies sector across the US and Europe.

Clifford Chance advised Eiger Acquisition B.V., a wholly owned subsidiary of certain funds advised by Apax Partners, on its recommended full public offer for all of Exact’s issued and outstanding shares of EUR 32.00 (cum dividend) in cash per share. Exact and Eiger Acquisition B.V. have reached conditional agreement on the offer which values Exact at EUR 730 million (USD 922.15 million). The offer price represents a premium of 27% to the closing price of 10 July 2014 and a premium of 40% to the average closing share price of the last 12 months prior to that date.

Cologne - The RAG-Stiftung foundation has acquired a majority holding in specialist engineering firm HAHN Automation via RAG-Stiftung Beteiligungsgesellschaft mbH. The transaction is currently awaiting approval from the merger control authorities. A CMS Hasche Sigle team led by Dr Richard Mayer-Uellner and Dr Malte Bruhns advised the foundation on all legal aspects of the transaction.

Olswang has advised two Malaysian high-net worth individuals on the acquisition of a majority interest in Linley.  Known for its bespoke, luxury furniture and upholstery, the British brand was launched in the 1970s by Viscount David Linley, Princess Margaret's son, who is still involved in the business. Linley has shops in Harrods, Belgravia and Burlington Arcade, London.

We acted as the buyer’s legal advisor in a transaction that involved the acquisition of 100% of the shares in Meyer Turku Oy, formerly STX Finland Oy, from STX Europe AS which is part of the group of international shipbuilding companies owned by the South Korean STX Corporation. In addition to Castrén & Snellman, numerous other professional advisors representing different fields and jurisdictions were involved in the various parts and stages of this highly complex transaction project.

Ashurst advised Hyundai Motor Company and Hyundai Motor Europe GmbH on the acquisition of its Dutch wholesale distributor from AutoBinck group for an undisclosed consideration. The wholesale distributor exclusively sell new vehicles, spare parts and accessories of the Korean brand in the Netherlands through an authorized dealer network.

The Oberberg clinic group, an investment company of ODEWALD Private Equity, has acquired a majority stake in Xenios Management GmbH, the operating company of the Rhein-Jura clinic. The transaction volume is confidential.

The following P+P professionals advised Oberberg Kliniken Holding GmbH:

  * Alexander Pupeter (partner, tax, PE/M&A, Munich)
  * Jens Hörmann (partner, PE/M&A, Munich)
  * Benedikt Hohaus (partner, PE/M&A, management participation, Munich)
  * Carsten Albert (associate, PE/M&A, Munich)

DLA Piper has advised ID&T and SFX Entertainment on the acquisition of Air Festival Holding.  Through this transaction SFX Entertainment has acquired interests in the famous Dutch festivals Amsterdam Open Air, Buiten Westen, Milkshake, Kingsday, TikTak and Valhalla. Air has won multiple awards for sustainability, best use of technology and best sound.