Led by partners Volker Geyrhalter, Jörg Herwig and Mark Kurtenbach Hogan Lovells has advised Woodward Inc. on the acquisition of German L' Orange GmbH from the Rolls-Royce group. Woodward will also acquire L'Orange's operations in the US and China.
Ropes & Gray has advised BigHand, a leading provider of productivity software to the legal market – and a portfolio company of Bridgepoint, the international private equity group – on its acquisition of DW Reporting, a legal business intelligence and matter pricing provider. Financial details of the acquisition have not been disclosed.
The deal will enhance BigHand’s software product suite as well as accelerate growth opportunities in the North American market.
MinterEllison has advised Centerbridge in relation to a scheme to acquire shares in Billabong.
Boardriders, who proposed the scheme, and Centerbridge each own just under 20% of Billabong equity, and between them are the senior lenders to Billabong of approximately A$224m pursuant to a senior secured term loan.
On the date of the scheme meeting, Billabong and Boardriders amended the terms of the scheme implementation deed to increase the scheme consideration from $1.00 to $1.05 cash per share and the scheme meeting was not delayed.
The Firm is representing Alibaba Group Holding in its acquisition of all of the outstanding shares that it does not already own in Ele.me, a leading online delivery service in China, to deepen the platform’s integration into Alibaba’s ecosystem and further expand the technology company’s New Retail strategy for local services. The transaction implies an enterprise value of $9.5 billion for Ele.me. Alibaba and its affiliate, Ant Small and Micro Financial Services Group, currently own approximately 43% of Ele.me.
Willkie advised EQT on the transaction.
EQT Mid Market Europe is partnering with the co-founders of BBS Automation, a leading provider of flexible and high-quality automation solutions for complex manufacturing and testing processes with operations across Europe, Asia and North America, to support the further expansion of the business. The acquisition will support the continued growth of BBS Automation, both organically and through add-on acquisitions, to better serve customers along increasingly international and connected operations.
Kirkland & Ellis is representing funds advised by Apax Partners on its acquisition of a controlling stake in Healthium MedTech Private Limited (‘Healthium’), a leading India-based medical devices company. Healthium provides its products to over 10,000 hospitals in India, exports to over 50 countries globally and has a significant presence in the urology market in the UK through its Clinisupplies division. The value of the transaction, which was announced on April 6, 2018, was undisclosed.
Kirkland & Ellis advised Tenneco Inc. (NYSE: TEN), a leading designer, manufacturer and distributor of Ride Performance and Clean Air products and technology solutions, in its definitive agreement to acquire Federal-Mogul, a leading automotive parts supplier to original equipment manufacturers and the aftermarket. The $5.4 billion acquisition will be funded through cash and Tenneco equity. The acquisition is expected to close in the second half of 2018, subject to regulatory and shareholder approvals and other customary closing conditions.
DLA Piper represented Urbaser S.A. in relation to their successful acquisition of RenoNorden AB and RenoNorden Oy from the bankruptcy estate of RenoNorden ASA.
Latest Deal Takes Hampshire Firm’s Protyre Retail Network To 143
Micheldever Tyres Services Ltd has announced that it has acquired Bathwick Tyres for an undisclosed sum.
The acquisitive Hampshire-headquartered company will add Bathwick’s 31 retail sites to its own retail chain, Protyre.
Bathwick operates across the South and the South West of the UK and will take the Protyre network to 143 centres.
Travers Smith LLP has advised long-standing client TA Associates on its strategic reinvestment in The Access Group alongside new investor Hg. Current majority shareholder TA Associates will retain joint control of The Access Group following completion of the transaction.
With its portfolio spanning ERP, finance, HR, payroll, recruitment, education, warehousing, business intelligence, professional service automation and manufacturing, The Access Group is the leading vendor of mission-critical business software to mid-market organisations in the UK.