On March 25, 2019, key shareholders Gerrard Glowka and Echo Consulting (Ottawa) Inc. sold their 50% share in SynerSolutions Technologies Inc. to SynerSolutions Inc.
Ottawa-based SynerSolutions is a service company specializing in information security, storage technology, consulting and emerging technologies.
Gowling WLG advised the vendors in this transaction with a team that included Cam Cameron and Garrett Hamel.
Global law firm DLA Piper has advised Australian insurer Suncorp on the sale of its authorised representative network, Resilium, through a management buyout.
Resilium provides a wide range of business, public liability and personal insurance products across a variety of industries.
The DLA Piper team was led by Brisbane Corporate partner Lyndon Masters with partners Samantha O'Brien and David Lyons, senior associate Adrian Tan, foreign legal associate, Kimberly Eichorn and solicitors Elizabeth Campbell, Cassian Ho, Ellie Harding and Ann-Marie Coleman.
DLA Piper has advised UK retailer Mothercare plc on the £13.5 million sale of Early Learning Centre Limited to TEAL Brands Limited, a subsidiary of TEAL Group Holdings, the holding company of the Entertainer group of companies. Mothercare will use the proceeds from the sale to reduce its bank debt.
Thailand’s largest completed M&A deal and Asia’s largest M&A deal in the Power sector for 2018 and 2019 year to date [1]
Allen & Overy has advised the global energy and services group ENGIE S.A (ENGIE) on the completion of the divestment of its 69.1% interest in Glow Energy Public Company Limited (Glow), an independent power producer listed on the Stock Exchange of Thailand, to Global Power Synergy Public Company Limited (GPSC). The transaction translates into net proceeds of EUR2.6bn (USD2.93bn) for ENGIE.
WBD has advised on the sale of Prestat, the UK chocolatier considered to be an inspiration for Roald Dahl’s story Charlie and the Chocolate Factory, to Italian coffee and chocolate dynasty Gruppo Illy.
Prestat will source single-origin chocolate made by Gruppo Illy’s chocolate manufacturing subsidiary Domori with shared sales networks resulting in improved global distribution.
International legal practice Osborne Clarke has advised the sellers of Exceedra on its acquisition by AFS Technologies.
The acquisition will allow both businesses to offer global integrated business planning and trade promotion management/optimization solutions to the consumer goods market. AFS will acquire the Exceedra shares and the business will operate under the Exceedra brand as a division of AFS Technologies.
A management buyout in 2016 has now been followed by the successful sale of a majority stake in Frauscher Sensor Technology Group GmbH to the French family business Delachaux S.A. Just as it did back in 2016, Frauscher once again turned to CMS Vienna for its expertise. The transaction was completed on 28/02/2019. The parties have agreed not to disclose the purchase price.
London - A team of lawyers from global law firm K&L Gates LLP has advised AIM-listed Tax Systems plc in connection with its recommended cash acquisition by Stripes Bidco Limited, a wholly-owned subsidiary of funds advised by Bowmark Capital and its affiliates.
K&L Gates also advised certain managers of Tax Systems plc on their roll-over/investment into Stripes Topco Limited, the ultimate holding company of Stripes Bidco Limited.
Matheson is advising financial services firm IFG Group on its recommended takeover by UK private equity firm Epiris. The deal, which has been valued at £206 million, has been announced today. Through its UK-based units James Hay Partnership and Saunderson House, IFG Group, which has public listings in Dublin and London, provides a range of financial solutions including full platform services, pension administration and independent financial advice.
Speaking today, Padraic Roche Corporate Partner at Matheson said –
International law firm Ashurst advised ASX-listed Navitas Limited on BGH Consortium's proposed acquisition of 100% of the issued Navitas shares, by way of a scheme of arrangement.
The scheme is subject to various conditions, including approval by Navitas shareholders as well as the Court, material contracts consents and confirmations being obtained, certain regulatory approvals, and there being no material adverse change.