Ashurst has advised Sichuan Tianqi Lithium Industries Inc (Tianqi Lithium) in relation to its RMB¥3.68bn (A$646 million) acquisition of a 65% interest in Talison Lithium Limited.
Tianqi Lithium is a public company listed on the Shenzhen Stock Exchange and the world largest lithium chemical producer. It is 63.75% owned by Chinese company Chengdu Tianqi Industry (Group) Co. Ltd (Chengdu Group).
Global law firm Eversheds has advised Pinstripe, a US-based Recruitment Process Outsourcing (RPO) business and its private equity backer Accel-KKR on the purchase of UK-based Ochre House.
The acquisition will form the largest independent provider of global RPO and strategic talent management solutions. Financial investments from both leadership teams and leading technology-focused private equity firm Accel-KKR, enabled the transaction.
Jones Day advised the Weiss Family in its take private of American Greetings Corporation for approximately $878 million, including assumption of company's 7 3/8% Notes due 2021, which will remain outstanding after the transaction, the repayment of borrowings under the company's revolving credit facility, and the settlement of stock options not held by the Weiss Family.
Cobham plc has acquired the entire share capital of Axell Wireless Limited, a privately-owned supplier of wireless communications for commercial and public safety markets, for a total consideration of up to £85m on a cash and debt-free basis.
Cobham has paid an initial £60 million for the business, with a further conditional cash consideration of up to £25m in total being contingent on performance in 2013 and 2014.
Squire Sanders has advised Houston-based Cardtronics, Inc., on the acquisition of Cardpoint Services, Ltd., which trades as leading independent Automated Teller Machine (ATM) services provider Cashzone in the UK, and as Cardpoint in Germany.
Listed on NASDAQ with a market capitalization of $1.2 billion, Cardtronics is the world’s largest non-bank ATM operator. The company has substantial operations in North America, and an estate of 4,300 non-bank cash machines in the UK.
International law firm, Osborne Clarke has advised Caledonia Investments PLC (a FTSE-listed self-managed investment trust company) on its £86 million acquisition of Choice Care Homes from funds managed by Sovereign Capital. Choice Care Homes provides care for individuals with learning difficulties, complex needs and challenging behavioural issues.
Duncan Johnson, Head of Caledonia Unquoted Investments commented:
Travers Smith has advised on the £32.2m acquisition by Bell Rock Bidco Limited (backed by funds managed by Lyceum Capital Partners LLP) of the FM division of Johnson Service Group PLC including SGP Property & Facilities Management (SGP), an independent provider of facilities management (FM) supply chain services.
The deal sees the lower mid-market investor back a new and experienced management team to drive the company’s expansion in its existing and new growth sectors, as well as further develop its suite of services.
Skadden is representing Revlon in its $660 million acquisition of The Colomer Group from CVC Capital Partners and other private investors, announced on August 5.
Ashurst advised financial investor Equistone Partners GmbH ("Equistone") on the acquisition of the Karl Eugen Fischer Group and the associated acquisition financing. The manufacturer of machines for the tyre industry and sheet metal processing was sold by a fund advised by Equita Management GmbH ("Equita"), the investment holding of Harald Quandt Holding. Financing was provided by Commerzbank AG, BayernLB, NordLB and Sparkasse Coburg-Lichtenfels. The closing of the transaction is still subject to clearance by the Federal Cartel Office.
International law firm McDermott Will & Emery represented ADT Corporation (“ADT”) (NYSE: ADT), in its acquisition of Devcon Security based in Hollywood, Florida, from private equity firm Golden Gate Capital for total consideration of $148.5 million.
This is the first significant acquisition by ADT since it became a public company last year.