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M&A: Acquiror's Counsel

Travers Smith acts on the acquisition of GTS by Deutsche Telekom

21 Nov 2013

A Travers Smith team led by private equity partner Philip Sanderson and senior corporate associate Adam Orr has advised Deutsche Telekom on its acquisition of GTS Central Europe for a total consideration of €546m.

Deutsche Telekom is acquiring GTS from a consortium of international private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners.  The transaction is subject to regulatory approvals.

Simpson Thacher Represents First Reserve Corporation in its Acquisition of TNT Crane & Rigging from Odyssey Investment Partners

19 Nov 2013

Simpson Thacher is representing First Reserve Corporation in its acquisition of TNT Crane & Rigging, Inc. ("TNT") from Odyssey Investment Partners.  TNT is a leading provider of lifting services and equipment to customers in the North American energy and industrial infrastructure end markets.

Eversheds fuels FleetCor’s fleet solutions deal

18 Nov 2013

Global law firm Eversheds has advised workforce payment solutions provider FleetCor Technologies on the acquisition of Epyx, a technology solutions provider to the fleet sector, from HgCapital.

Epyx provides an internet based system and vehicle repair network to fleet operators in the UK. The company services approximately 9000 garages and automates vehicle maintenance and repair needs. The acquisition strengthens FleetCor’s product offering in the fleet sector, enabling the company to expand it’s services from fleet fuelling to fleet maintenance.

Eversheds advises Endo Health on US$1.7 billion takeover of Paladin Labs Europe

18 Nov 2013

Eversheds Dublin office has advised on the takeover by Endo Health Solutions Inc. (NASDAQ: ENDP) of Paladin Labs Europe Limited (TMX: PLB) for approximately US$1.7 billion.

The acquiring entity will be an Irish holding company. The deal is the first Irish inversion with no primary Irish target. An inversion is a legal transaction whereby one corporation becomes a subsidiary of another headquartered in a foreign jurisdiction, and as a result the original corporation becomes subject to the tax laws of the foreign jurisdiction instead.

HFW advises Ecom Agroindustrial Corp Ltd on acquisition of Armajaro Trading Ltd

15 Nov 2013

A Holman Fenwick Willan (HFW) team of commodities, corporate and competition lawyers, led by Partner Alistair Mackie, is advising long-term client Ecom Agroindustrial Corp. Ltd (Ecom) on its acquisition of Armajaro Trading Ltd (Armajaro).

The transaction brings together two highly regarded companies focused on the sourcing and supply of cocoa, coffee and sugar on a global basis and as a result, creates a combined entity with a distinguished pedigree in the supply of sustainably sourced agri-commodities.

Travers Smith advises on the acquisition of Inn Collection

15 Nov 2013

A Travers Smith team lead by Paul Dolman has advised a Newco (funded by funds managed by Kings Park Capital) on the acquisition of Inn Collection.

Kings Park Capital is an independent lower mid-market private equity investment firm that invests exclusively in companies that operate within and provide services to the leisure sector with enterprise values up to £50 million.

DLA Piper advises CIMC on the acquisition of vehicle manufacturer Ziegler

14 Nov 2013

DLA Piper has advised China International Marine Containers (Group) Ltd (“CIMC”), a Chinese commercial vehicle and logistics corporation, on the acquisition of Ziegler, based in the Swabian region of southern Germany.

CIMC paid some 55 million euros for the takeover of Ziegler following insolvency proceedings. The logistics company offers the south German medium-sized company an ideal basis for expanding its international business.

Debevoise Advises Clayton, Dubilier & Rice in Agreement to Acquire John Deere Landscapes for $465 Million

13 Nov 2013

Debevoise & Plimpton LLP advised Clayton, Dubilier & Rice (“CD&R”) in its agreement to acquire John Deere Landscapes (“JDL”), a unit of Deere & Company’s Agriculture & Turf segment. Deere will initially retain a 40% ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465 million.