International law firm HFW has continued its run of insurance M&A deals, advising private equity firm Livingbridge on the management buyout of one of the UK's leading independent insurance brokers, Coversure Insurance Services Group (CISG).
Loyens & Loeff advised SGG Group and their main shareholder, Astorg, on the acquisition of Iyer Practice, a family-run business offering advisory and compliance solutions to corporates and private clients in Singapore and Hong Kong.
Loyens & Loeff assisted with the structuring of this acquisition that involved Corporate, Tax and Banking & Finance advice.
Loyens & Loeff thus accompanies SGG Group's growth in the Asian market by reinforcing its presence in key locations.
Author
Anne-Marie Nicolas
Medike International Corp., Canada has acquired all shares in Landes Holding GmbH, a VR Equitypartner portfolio company, thus further expanding its global presence. Details of the purchase price were not disclosed.
International legal business DWF has advised multinational technology outsourcer Equiniti on its acquisition of specialist shareholder engagement company Boudicca Proxy Limited.
The DWF Manchester corporate team provided legal services to Equiniti for the transaction which will expand the company's offering and enable their clients to access an expanded range of EQ Boardroom services.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised German Equity Partners IV (GEP IV), a fund managed by the private equity firm ECM Equity Capital Management (ECM), on the acquisition of its majority shareholding of HgCapital (Hg). The fund, administered by ECM Equity Capital Management GmbH (ECM), now relinquishes its interest in MediFox to Hg, an international Investor, who specializes in the sector of software. The transaction is submitted for the approval of the competent public authorities.
Travers Smith LLP has advised Livingbridge on its acquisition of the Coversure Group (Coversure), an independent specialist insurance broker and underwriter. Livingbridge has acquired a majority stake in Coversure, investing alongside management, and will support the continued growth of its franchise operation and the development of its insurance product range.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised ZPG Plc (‘ZPG’) on its proposed acquisition by Silver Lake. The acquisition, which will be effected via a scheme of arrangement, values ZPG at approximately £2.2 billion and is subject to customary conditions including FCA and European Commission approval. It is expected to close late in the second quarter or early in the third quarter of 2018.
DLA Piper has advised Purkupiha Group, which specializes in heavy and special demolition as well as recycling and re-use of building materials, on its acquisition of the business of SK-Purku Oy. With this acquisition, the Purkupiha Group strengthens its heavy demolition business particularly in Eastern Finland.
Kirkland & Ellis advised Strategic Value Partners in its acquisition of Vita Group from TPG and its minority shareholders, for an undisclosed sum. Vita, which is based in the UK with a presence across Europe and in the US & China develops, manufactures and markets flexible polyurethane (PU), Talalay latex and flooring products. The transaction was completed on May 10, 2018.
Sidley advised Sun European Partners LLP, the European adviser to Sun Capital Partners, Inc., on the proposed acquisition of ESIM Chemicals GmbH, a leading Austrian fine chemical manufacturer and top three crop protection CMO player in Europe, from Ardian. The proposed transaction is subject to customary regulatory approvals.