Frankfurt—Global law firm Dentons has advised the Japanese company HORIBA Automotive Test Systems on the acquisition of FuelCon AG, based in Magdeburg, Germany. Through the acquisition, FuelCon will become part of one of the world's leading manufacturers of engine, drive, brake and emission test systems in the automotive sector. The transaction is still subject to approval by the antitrust authorities.
Simpson Thacher is representing KKR in connection with its acquisition of a 60% stake in Ramky Enviro Engineers Limited (“REEL”) for approximately US$530 million, valuing REEL at an enterprise value of US$925 million. KKR’s investment in REEL marks one of the largest buyouts in India and is the first private equity buyout in the country’s environmental services sector. The transaction is subject to customary closing conditions.
Weil is advising Bain Capital on its £1.2 billion acquisition of U.K. insurer esure by way of recommended offer. The deal represents one of the largest insurance transactions and one of the largest U.K. take-privates of the year so far.
Esure is a leading U.K. provider of motor and home insurance, founded in 2000 by Sir Peter Wood.
Osborne Clarke has advised Allgeier SE on the acquisition of iQuest Group. The acquisition sees Allgeier acquire a majority interest in the software development company.
With this transaction, Allgeier expands its competence in the development of complex software solutions for business-critical processes and continues the group’s internationalisation. With the expansion of its near shoring resources, Allgeier will offer greater scalability through a flexible, customer-orientated service and delivery model.
Travers Smith LLP has advised the ITRS Group (ITRS), the leading provider of real-time monitoring and analytics for financial services, on its acquisition of OP5, a Stockholm headquartered global leader in providing IT monitoring and log analysis technology.
The Travers Smith team was led by Private Equity Partner Emma Havas and Senior Associate Tom Hartwright.
Baker McKenzie advised an affiliate of Indian B.C. Jindal Group on the acquisition of Treofan Group, a former Celanese subsidiary based in Raunheim, from Italian financial investor M&C S.p.A.. The transaction is expected to close before the end of the first quarter 2019, subject to the satisfaction of certain conditions precedent, including several antitrust clearances.
The transaction is part of a share deal and included all remaining Treofan Group companies following the previous spin-off and sale of the US business unit to CCL Industries headquartered in Toronto.
Corrs Chambers Westgarth has advised ESR on its A$102.5 million acquisition of one of Australia’s leading property development and construction businesses, Commercial and Industrial Property (CIP).
DLA Piper has advised Helios Technologies (Nasdaq: SNHY) on the 100% acquisition of Australian business Custom Fluidpower for AU$35 million (approximately US$26 million) on 1 August, 2018. The acquisition was funded using cash and shares of SNHY common stock.
Hong Kong – Paul Hastings, a leading global law firm, announced today that it is advising CIMC-TianDa Holdings Company Limited (“CIMC-TianDa”) (a subsidiary of China International Marine Containers (Group) Co., Ltd.) on the proposed acquisition, through its subsidiary Allied Best (China) Fire Safety Appliances Manufacturing Co., Ltd., of 60 per cent of the equity interests in Shenyang Jietong Fire Truck Co., Ltd. (“Shenyang Jietong Fire Truck”) at a consideration of RMB600 million (approximately US$88 million).
Matheson advised Follett on its acquisition of Fishtree, a leading adaptive learning platform that streamlines both the technical integration and educational adoption of personalized learning in school classrooms.