MUNICH - Milbank, Tweed, Hadley & McCloy LLP advised C+S Botschen GmbH and its co-shareholder, Acton Capital Partners, on the sale of all shares in mytheresa.com GmbH as well as Theresa Warenvertrieb GmbH.
Hogan Lovells has advised MAPFRE on the EUR 550 million acquisition of Direct Line Germany and Direct Line Italy.The Spanish insurer will add the international arm of Direct Line Insurance Group PLC to its portfolio of travel, home emergency and specialty risk insurance products. The transaction is conditional upon regulatory and competition clearances, on which Hogan Lovells is also advising.
White & Case LLP is advising GDF SUEZ subsidiary and leading engineering company Tractebel Engineering on the acquisition of Germany-based Lahmeyer, specializing in energy and water infrastructure.
Upon completion of the project, the group will become a leading world player in consultancy engineering services specialized in energy and infrastructure, with a staff of 4,400 experts, a local presence in 34 countries and €600 million in expected annual revenues.
Millennial Media today announced that it has signed a definitive agreement to acquire Nexage for approximately $107.5 million in cash and stock, subject to certain adjustments. Based in Boston, privately held Nexage is a leading provider of Real-Time-Bidding (RTB) technology that helps to automate the buying and selling of mobile advertising.
Latham & Watkins LLP advised Siemens AG on the agreement to acquire NYSE-listed mechanical engineering manufacturer Dresser-Rand (NYSE: DRC) in close cooperation with Siemens’ in-house legal team. Dresser-Rand, based out of Houston, Texas, specializes in custom-engineered high-speed rotating equipment, such as compressors, steam and gas turbines, chiefly for the oil, gas and energy industries. In a friendly takeover bid, Siemens proposes to purchase all issued and outstanding common shares of Dresser-Rand at a price of USD 83 per share in cash, totaling a transaction value of approx.
Slaughter and May is advising Arrow Global Group PLC, one of the UK's largest providers of debt purchase and receivables management solutions, on the proposed acquisition of Capquest. Capquest is a UK consumer debt purchaser and outsourced collections provider and is being purchased from a fund controlled by TowerBrook Capital Partners L.P. at an enterprise value of £158 million.
Arrow Global will finance the acquisition from its existing cash resources and debt and has put in place a committed bridge facility.
Listed US-company Mentor Graphics Corporation acquires German XS Embedded GmbH (XSe), a technology leader in the creation of automotive system architectures and hardware reference platforms. The company based in Villingen-Schwenningen has over ten years of direct experience in the automotive electronics design industry across twenty automotive programs that combine hardware and software expertise. An innovative systems allows to significantly reduce the time to start of serial production.
Clifford Chance advised Prime Machinery Company Limited (PMC), Shanghai, China, on its acquisition of 100% shares of Koninklijke Nedschroef Holding, Helmond, Netherlands. PMC is one of the largest fasteners exporters in China. Nedschroef belongs to the global leaders in engineered automotive fasteners. The purchase price amounts to approximately 155.4 million Euros.
Clifford Chance has advised the sole shareholders of transmission systems producer ZF Friedrichshafen AG (ZF), the two foundations Zeppelin-Stiftung der Stadt Friedrichshafen and Dr. Jürgen und Irmgard Ulderup Stiftung, on the acquisition by ZF of TRW Automotive (TRW), a US-based supplier to the automotive industry.
The purchase price amounts to 12.4 billion US dollars. The transaction is subject to various conditions precedent, such as clearance being given by the relevant merger authorities.
Freshfields Bruckhaus Deringer, is advising funds managed and/or advised by Blackstone Tactical Opportunities (Blackstone) and by TPG Special Situations Partners (TSSP) on the acquisition of Kensington, the specialty UK residential mortgage lender, from Investec plc.
Kensington has been a leading player in the UK specialist residential and buy-to-let mortgage market since its establishment in 1994. Kensington was listed on the London Stock Exchange from 2000 until 2007.