Taylor Wessing's Private Equity Group has advised Electra Partners on the acquisition of audio mixing console manufacturer Calrec from D&M Holdings. Financing for the deal was provided in full by Electra Private Equity PLC through a mixture of equity and debt.
DAC Beachcroft has advised St James's Place (SJP), the FTSE 100 wealth manager headquartered in Cirencester, on the acquisition of an Asian advisory business, the Henley Group.
SJP, a long-standing client of the firm, has funds under management of £44 billion. The Henley Group has around £400 million ($665 million) under management and 4,000 expatriate clients serviced from its bases in Hong Kong, Singapore and Shanghai. Completion of the deal remains subject to the approval of regulators in Asia.
Clyde & Co has advised PANDORA, a Danish listed company and leading manufacturer and retailer of hand-finished jewellery, on the regional aspects of its strategic acquisition of Pan ME A/S, a distributor of PANDORA jewellery in Bahrain, Oman, Qatar and UAE.
Freshfields Bruckhaus Deringer has advised on the acquisition of Bord Gais Energy, the vertically integrated Irish energy business from Bord Gais Eireann, the state owned energy business, by a consortium of Centrica, Brookfield Renewable and iCON Infrastructure. The deal has an enterprise value of €1.1bn (£920m). The transaction should be completed in the first half of 2014.
Herbert Smith Freehills has advised Commonwealth Bank of Australia (CBA) on its exit from its property funds management and property asset management platform. The property platform provided management services to three listed trusts with over A$20 billion in property assets under management.
The trusts were CFS Retail Property Trust Group (CFX), Commonwealth Property Office Fund (CPA) and the Kiwi Income Property Trust (KIPT). The platform also included various unlisted wholesale funds and third party property mandates.
Stephenson Harwood LLP has advised Findus Group (Findus), one of the largest frozen food manufacturers in Europe, on the acquisition of the retail business of Lutosa, a leading Belgian frozen potato brand. Findus acquired Lutosa from McCain, and the deal was completed on 28 February 2014.
Davis Polk is advising Goldman Sachs’s merchant banking division and Vestar Capital Partners in connection with the acquisition of Hearthside Food Solutions LLC from Wind Point Partners. Financial terms of the transaction, which is expected to close in the second quarter of 2014, were not disclosed.
Cadwalader, Wickersham & Taft LLP, a leading counselor to global corporations and financial institutions, today announced that it advised Mercuria Energy Group Limited, a global energy and commodities trading company, on its acquisition of J.P. Morgan's physical energy and commodities business for $3.5 billion.
NYSE listed TransDigm Group Incorporated has, through its UK subsidiary Technical Airborne Components Ltd., acquired all shares in EME Holding GmbH, including its subsidiaries in Germany and Hungary, at a purchase price of approx. 47.4 million US dollars from DCX-CHOL Enterprises, Inc. (Los Angeles, USA).
EME Group, headquartered in Ingolstadt (Germany), manufactures proprietary, highly engineered aerospace electromechanical actuators, electrical and electromechanical components and assemblies primarily for commercial aircraft, helicopters and other specialty applications.
Jones Day is advising Eastman Chemical Company in its acquisition of Commonwealth Laminating & Coating, Inc., an independent manufacturer and global marketer and distributor of window films and specialty films for automotive, architectural, and protective applications.
For additional information about this matter, please contact: William B. Rowland
Client(s): Eastman Chemical Company
Practice(s): M&A, Antitrust & Competition Law, Employee Benefits & Executive Compensation, Environmental, Health & Safety, Intellectual Property, Tax