Global law firm Eversheds has advised Malaysia's third-largest listed plantation company, Kuala Lumpur Kepong Berhad (KLK) on a $21.3 million cash offer for Equatorial Palm Oil PLC which will enable it to gain a foothold in Liberia’s palm oil sector.
Norton Rose Fulbright has advised Prudential on its acquisition of 100 per cent of the equity of Express Life Insurance Company in Ghana. The acquisition marks the entry of Prudential into the fast-growing but nascent African life insurance industry.
Founded in 2009, Express Life provides savings and protection products to thousands of Ghanaians. The acquisition is part of Prudential’s strategy of pursuing long-term opportunities in emerging markets with robust economic growth and an expanding middle class.
Omnes Capital backed Exclusive Networks Group, has announced the acquisition of Secureway, a leading specialist value added distributor in the IT security and mobility industry in the Middle East. Secureway is headquartered in Dubai with an additional office in Saudi Arabia and employs 60 people in the region.
Frankfurt-based private equity business Steadfast Capital has announced the acquisition of AVS Group, a leading German Mittelstand company in the field of roadwork safety services. AVS Group has, in the last decades, built up an enviable market reputation in the field of roadwork safety, providing services such as traffic and construction site safety equipment, mobile traffic lights as well as mobile crash barriers, thereby helping to promote safety on German roads.
Mayer Brown represented private equity firm The Jordan Company on the acquisition by its affiliate, The Resolute Fund II SIE, L.P., of Drew Marine Global Holdings Coöperatie U.A., ACR Holdings LLC and their respective subsidiaries.
Drew Marine is a global leader in providing technical solutions and services to the marine industry. The company manufactures and provides advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets.
DWF has advised MoneyPlus Group, the Palatine Private Equity backed debt and financial services provider, on its acquisition of Richardson Mail Solicitors.
The deal will enable MoneyPlus Group to create a new legal service as its application for authorisation as a licensed body by the Solicitors Regulation Authority (SRA) has been approved, and through its new Alternative Business Structure, the Group is able to provide legal advice.
Travers Smith private equity partner Edmund Reed has advised Bridgepoint on the agreement to acquire educational services provider Cambridge Education Group (CEG) from Palamon Capital Partners in a deal worth £185 million.
Established in 1952, CEG provides preparatory education to international students from more than 95 countries planning to attend universities in the United Kingdom, continental Europe and the United States.
Kirkland & Ellis International LLP advised the European private equity partnership OpCapita on the acquisition of German discount clothing retailer NKD. The value of the transaction is confidential. With stores in Germany, Austria, Italy, Slovenia, Croatia and Poland, the NKD Group is one of the largest companies in the clothing retail market. The company has over 1,950 stores and more than 8,500 employees.
Kirkland & Ellis International LLP advised Ontario Teachers’ Pension Plan (Teachers) on the acquisition of Burton’s Biscuits, a major player in the UK biscuit market. The terms of the transaction are not being disclosed. Burton’s management will maintain a significant minority stake in the company. The acquisition of Burton’s from Canadian Imperial Bank of Commerce and funds managed by affiliates of Apollo Global Management, LLC resulted from a competitive bidding process and was led by Teachers’ private equity investment division, Teachers’ Private Capital (TPC).