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M&A: Acquiror's Counsel

Chime Communications plc - proposed acquisition of Just Marketing, Inc. and related placing

29 Oct 2013

Slaughter and May is advising Chime Communications plc (Chime), the international communications and sports marketing group, on the proposed acquisition of Just Marketing, Inc. (JMI), a global marketing firm focused on motorsports, for a maximum consideration of US$70.6 million and related placing to raise gross proceeds of £25.6 million.

The acquisition, which was announced on 25 October 2013, will be funded by the proceeds of the placing, the issue of consideration shares in Chime, and an existing debt facility.

McKesson chooses Linklaters for acquisition of Celesio

29 Oct 2013

Linklaters is advising McKesson Corporation on the acquisition of Celesio AG. McKesson Corporation, one of the leading pharmaceutical wholesalers and service providers in the healthcare sector in North America, announced a corresponding intention today in San Francisco. To this end, the corporation has concluded a purchase agreement with Celesio’s majority shareholder, Franz Haniel & Cie. GmbH, for the acquisition of its 50.01 per cent shareholding in Celesio. The price is €23 per share.

Weil Advises Providence Equity Partners on its Investment in Ambassador Theatre Group, the World’s Number One Live-Theatre Group

28 Oct 2013

International law firm Weil, Gotshal & Manges has advised long-standing client Providence Equity Partners on its agreement to invest in ATG and become a major shareholder in the company, having agreed to buy a majority share from current investors led by Exponent Private Equity.

Exponent will retain a minority stake in ATG as part of the transaction, and will continue to work with Providence and the existing management team, including ATG’s Joint CEOs and Founders, Sir Howard Panter and Rosemary Squire OBE. Greg Dyke will continue in his role as ATG Chairman.

Linklaters advises Deutsche Beteiligungs AG and DBAG Fund VI on the takeover of “Schülerhilfe”

28 Oct 2013

Linklaters has partnered Deutsche Beteiligungs AG (DBAG) and the fund it advises, DBAG Fund VI on the management buy-out of ZGS Bildungs GmbH which, under the name “Schülerhilfe”, operates the largest network of education and extra tuition centres for school pupils in Germany and Austria. The new participation aims to ensure the continued growth of “Schülerhilfe” on the flourishing education and extra tuition market. Conclusion of the transaction is subject to approval by the German cartel authorities.

Hogan Lovells Advises Kokuyo on its Strategic Acquisition in India

27 Oct 2013

Hogan Lovells in conjunction with Indian firm Phoenix Legal has advised Japan's largest stationery maker KOKUYO Co., Ltd., (Kokuyo) on its acquisition of Riddhi Enterprises (Riddhi), a Mumbai-based notebook manufacturer. The acquisition is anticipated to be made through Kokuyo's subsidiary KOKUYO S&T Co., Ltd. (Kokuyo S&T) and will result in the creation of KOKUYO Riddhi Paper Products Limited, a new wholly-owned entity based in Mumbai. The transaction was announced on 6 September 2013 and is expected to close in October 2013.

Baker & McKenzie Advises Hungary's Largest Energy Group on Billion Dollar Gas Deal

25 Oct 2013

Budapest, Hungary - Baker & McKenzie Budapest has advised state-owned Hungarian Electricity Works on its acquisition of German utility E.On's entire Hungarian gas business, including gas trade and gas storage businesses.  Completion of this deal sees a significant part of the energy sector re-nationalized, following privatization in the late 1990s.

Simmons & Simmons Advises Union MedTech Plc on the Acquisition of a Leading Advanced Robotic Exoskeleton Technology

21 Oct 2013

International law firm Simmons & Simmons is advising London based Union MedTech Plc, the ISDX Growth Market company focused on medical technology, on the acquisition of Rex Bionics Limited (“RBL”).

Union MedTech has been pursuing an acquisition strategy in the global medical technology arena, seeking to acquire companies with  high calibre technologies that are in- or near- market, and then to support their further development through regulatory approval to international commercialisation.

Simpson Thacher Represents KKR in its Acquisition of the SBB/Telemach Group

19 Oct 2013

Simpson Thacher is representing funds advised by Kohlberg Kravis Roberts & Co. L.P. in connection with its acquisition of the SBB/Telemach Group, the leading Pay-TV and broadband operator in South-East Europe, from Mid Europa Partners. The transaction is expected to complete around year-end 2013, subject to antitrust and regulatory approvals.

SBB/Telemach Group operates in Serbia, Slovenia, Bosnia, Croatia, Montenegro and Macedonia and has around 1.7 million cable and satellite TV, broadband, fixed and mobile customers.

Simpson Thacher Represents KKR in Acquisition of Avoca Capital

19 Oct 2013

The Firm is representing KKR & Co. L.P. in its acquisition of Avoca Capital, a leading European credit investment manager with approximately $8 billion in assets under management.  Avoca invests across five strategies – European loans and bonds, credit opportunities, long/short credit, convertible bonds and structured and illiquid credit.  The transaction is expected to close in the first quarter 2014.