Osborne Clarke acted for Miles 33 in its acquisition in Italy of VirtualCom Interactive, a leading and innovative developer and solution provider of Web, Mobile and Tablet Publishing solutions for iOS, Android, Windows 8, Samsung SmartTV and HTML5 platforms.
Dentons has successfully advised Sobera Capital GmbH, a private equity company specialized in transactions on the secondary market, on the acquisition of BayTech Venture Capital GmbH & Co. KG. Sellers are Bayerische Landesbank, Bpifrance and Versicherungskammer Bayern as well as BayernLB Capital Partners. During the acquisition, Sobera Capital was backed by the investment company Unigestion, a leading and independent asset management company.
Ashurst is advising on the A$2.99 billion proposed acquisition of the outstanding units in Commonwealth Property Office Fund (CPA) via way of an off-market takeover offer by GPT Group (GPT).
The consideration under the offer includes 0.141 GPT securities per CPA unit and A$0.75325 for every CPA unit (where the cash component will be reduced by the amount of any distribution paid on a CPA unit following the date of the announcement, 19 November 2013).
Ashurst is advising companies belonging to the Chinese state-owned group AVIC Aviation Industry Corporation of China (AVIC) on the acquisition of German plant builder KHD Humboldt Wedag International AG (KHD). The Chinese group, which already indirectly owns 20 per cent of the shares in KHD and has also secured a further 19.03 per cent by concluding several share purchase agreements subject to a condition precedent, has today submitted a voluntary public takeover offer together with three further bidders from Singapore.
On November 6, 2013, Toll Brothers, Inc., the nation’s leading builder of luxury homes, and Shapell Industries, Inc., a premier private California builder, announced that they have entered into a definitive purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately US$1.6 billion in cash. Cravath represented Toll Brothers, Inc. in connection with this transaction, which is expected to close in the first quarter of 2014 following satisfaction of customary closing conditions.
Bingham represented Bunker Hill Capital in its acquisition of Hubbardton Forge, which manufactures and sells hand-forged lamps, lighting fixtures and accessories from the oldest and largest commercial forge in the United States.
Asia Pacific, November 5, 2013 – Baker & McKenzie has acted for Taiwan-based CTBC Financial Holding Company Ltd. ("CTBC FHC") on its acquisition of a 98.16% stake in Japan-based Tokyo Star Bank for JPY 52 billion of cash considerations.
Baker & McKenzie is advising Yue Xiu Enterprises (Holdings) Limited ("Yue Xiu") on its proposed acquisition of a controlling stake in Chong Hing Bank Limited by way of a partial offer. The total consideration for the partial offer will be approximately HK$11.64 billion (if valid acceptances are received in respect of 75% of shares in the bank). The proposed acquisition will further enhance Yue Xiu's market profile and position as an integrated financial service provider in the Pearl River Delta Region.
Anglia Retirement Homes was acquired by Ravelstone Care Homes Ltd - a company backed by August Equity Partners III and their new management team - for an undisclosed sum.
The national law firm's team was led by private equity specialist partner, Emma Gibson with assistance from corporate specialist, associate Nina Smith.
Specialists from Shoosmiths' commercial real estate team which includes planning and construction, provided advice on the property elements of the deal.
International law firm DAC Beachcroft LLP has advised Redcentric plc on its £65m acquisition of InTechnology Managed Services Limited from InTechnology plc and Redstone plc on the £9.5m disposal of its infrastructure, data centre and smart-building solutions business.