Skadden is representing WABCO Holdings Inc. in its acquisition by ZF Friedrichshafen AG for an equity value of over $7 billion.

Orrick advised the founding partners of Neutrino, as well as investor 360 Capital Partners, in Neutrino’s acquisition by U.S. cryptocurrency exchange Coinbase. The transaction marks one of the first exits in the Italian market.

Neutrino created a platform for tracking cryptocurrency transactions that allows for the analysis, investigation and identification of illegal transactions on blockchains. The acquisition is the most important in the field of information security Italy in the last 10 years and the first in the field of currency encryption.

Orrick has advised the shareholders of FUXTEC GmbH in the sale of 65% of their shares to private equity house Findos and the rollover of the remaining 35% into a jointly held NewCo. The closing of the transaction is subject to antitrust approval. Financial terms were not disclosed.

The Orrick team was led by Stefan Weinheimer and included Stefan Renner, Arne Fischer, Stefan Schultes-Schnitzlein, Dennis Schmidt, Christian Schroder, Till Steinvorth, Christine Kaniak, Konstantin Heitmann, Robert Weinhold and Franziska Gräfin Grote.

Baker McKenzie advised SMRT, UTS & Founders on the sale of 2getthere, a Netherlands-based company that designs and delivers autonomous vehicle applications.

The company offers complete automated transport systems and is located in Utrecht/Netherlands, with offices in San Francisco, Dubai and Singapore. Applications range from driverless electric transport systems at airports, business and theme parks to dedicated urban transport infrastructures.

With this transaction, ZF Friedrichshafen, a German auto parts company, has acquired a 60% stake in 2getthere.

Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice and TRANZACT on the sale of TRANZACT to Willis Towers Watson (NASDAQ: WLTW). The total purchase price is $1.2 billion in closing consideration and a potential earn-out of up to $200 million payable by 2021 if certain financial targets are achieved.

Gide has advised French banking and insurance group Arkea on the sale of its subsidiary Leasecom, specialised in the lease financing of professional equipment, to FinTake Group, which already controlled NBB Lease, a company dedicated to financing equipment sales for professionals.

Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance advised Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on the sale of its 70% shareholding in Saudi Basic Industries Corporation (SABIC) for US$ 69.1 Billion to Saudi Aramco.
SABIC, with global operations in over 50 countries and consolidated production volume across its various business units of 75 million metric tons, recorded net income of USD $5.7 billion, annual sales of USD $45 billion, and total assets of USD $85 billion in 2018.

International legal practice Osborne Clarke has advised the shareholders of Avonline Network Services on its sale to M Group Services, a leading provider of services to essential infrastructure markets in the UK.  

Womble Bond Dickinson (WBD) have advised the shareholders of Midland Steel Traders (MST) on the sale of the company to a large international manufacturer and supplier to MST which has global operations, called ITR USCO, based in Modena, Italy.

MST specialises in the supply of tracks, parts, buckets and repairs for earthmoving and construction machinery. As a longstanding North East business, founded in 1963, it is headquartered in Birtley and has other local operations in Sunderland as well as sites further afield in Glasgow and Birmingham.

International legal practice Osborne Clarke has advised G3 Comms, the business communications provider and network integrator, on a significant investment from private equity firm Apiary Capital. Under the terms of the deal, Apiary will acquire a majority stake in G3 Comms and provide additional follow-on funding to enable the company to accelerate its growth both organically and through acquisition.