Macfarlanes has acted for turnaround specialist Better Capital on its acquisition of City Link, the parcel delivery business, from Rentokil Initial plc.
The deal is effective immediately and will see Better Capital invest £40m in City Link, with the company's existing management team remaining in place.
Speechly Bircham has acted as the legal adviser to FF&P Private Equity, the private equity business of Fleming Family & Partners, on the buy-in management buy-out of FIT, a specialist energy efficiency business.
The acquirer, Efficient Energy Management Group, majority owned by FF&P Private Equity, intends to capitalise on the demand for energy efficient commercial kitchens, as energy costs have more than doubled over the last 10 years (source: Department of Energy and Climate Change).
Bird & Bird today announces that it is advising CRH plc, the international building materials group, on the acquisition of Ukrainian cement producer Mykolaiv Cement from Lafarge SA.
CRH has reached an agreement to pay an upfront cash consideration, including assumed debt, of EUR 96 million to acquire Lafarge-owned Mykolaiv Cement. Closing of the transaction, which was announced at the end of April, is subject to the receipt of regulatory approvals.
The Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, along with its Singapore law capability Asia Practice LLP, is pleased to announce that it has, in conjunction with Asia Practice LLP, advised the Reignwood Group on the acquisition of the entire share and loan capital of Sardinia Properties Pte Ltd (the “Target”).
The Target is the developer of a high-end luxurious property known as the “Hamilton Scotts”, located in Singapore.
Hogan Lovells has advised the Trustees of the Kodak Pension Plan (KPP) on a comprehensive settlement of its claims against the Eastman Kodak Company (EKC), which includes the transfer of ownership of EKC's Personalized Imaging business and Document Imaging business to the KPP, with a stated purchase price of US$650 million.
The Personalized Imaging business consists of Retail Systems Solutions (RSS), Paper & Output Systems (P&OS), Film Capture and Event Imaging Solutions (EIS).
Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has advised PNE WIND AG on the acquisition of a 54 per cent stake in WKN AG, Husum, from the majority shareholder Volker Friedrichsen Beteiligungs GmbH. The completion of the contract is still subject to customary closing conditions. The purchase price is based on an enterprise value of EUR93 million, paid by PNE WIND AG in cash and shares.
Law firm Pannone has advised the management team, led by MD Justin Milligan, on the MBO of Xenith Document Systems Limited backed by Allied Irish Bank.
The company, which is based in the City of London, supplies and manages Xerox printing services to a blue chip client base across the UK including many professional service firms based in the City . It has a turnover of £14m.
SJ Berwin a conseillé le groupe de capital-investissement Argos Soditic lors de son acquisition majoritaire du groupe Natural Distribution.
L’équipe, incluant des avocats des bureaux SJ Berwin de Paris, de Luxembourg et de Londres, co-dirigée par Maxence Bloch et Olivier Vermeulen, est intervenue sur les aspects corporate et financement du dossier.
Leading international legal practice Norton Rose has advised Emerisque Brands UK Limited (“Emerisque Brands”), a growth-oriented global investor, in relation to the acquisition by Cavaliere Holdings S.à r.l. of MCS Italia S.p.A. (“MCS”). The sale and purchase agreement was signed on 22 April 2013. The value of the transaction is confidential.
International legal practice Norton Rose advised LOI Thermprocess GmbH, a company of the Italian Tenova Group, on the acquisition of Metall Technologie Holding Group (MTH) from European Capital S.A. SICAR. The purchase price is confidential. The acquisition is subject to usual conditions precedent including approval by the relevant antitrust authorities.