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M&A: Seller's Counsel

Heuking Kühn Lüer Wojtek advises Synaix shareholders on the sale of all Synaix shares to Cancom

15 Aug 2017

The shareholders of Synaix Gesellschaft für angewandte Informations-Technologien mbH and of Synaix Service GmbH, jointly Synaix Group, each sold 100% of their shares in Synaix Group to Cancom SE. A team led by Dr. Jörg aus der Fünten, Partner at the Cologne office, advised the shareholders of Synaix Group.

The total acquisition price is in the mid-double-digit million-euro range. The acquisition allows Synaix's management and founders to contribute their experience from the IT industry and their network of contacts to Cancom SE.

Noerr advises investors on the sale of the BHT Group to Cantel Medical

15 Aug 2017

Noerr has advised the shareholders of the BHT Group – with the assistance of Rigeto Unternehmerkapital GmbH – on the sale of BHT to Cantel Medical Corp. Cantel Medical Corp., a company listed on the New York Stock Exchange which produces and sells medical equipment, is taking over the BHT Group, the German market leader in the production of devices for automated endoscope reprocessing and flexible endoscope repair as well as related services.

The purchase price is around US$ 60.8 million. The transaction has been executed as a structured bid procedure.

Loyens & Loeff advised TPG and Patron Capital Partners on the disposal of Merin Group Holding B.V. to Dream Global REIT for €622m

15 Aug 2017

Loyens & Loeff advised TPG, a global alternative asset firm, and Patron Capital Partners, a pan-European institutional investor focused on property-backed investments, on the disposal of Merin Group Holding B.V., one of the largest commercial real estate platforms in the Netherlands, to Dream Global REIT, a Canada-based real estate group, for €622m.

Loyens & Loeff advised Voogd & Voogd on the disposal of a majority stake to Five Arrows Principal Investments

15 Aug 2017

Loyens & Loeff advised the management of Voogd & Voogd, a Netherlands-based insurance broker and provider of insurance industry administrative services, on the disposal of a majority stake, from Bencis Buyout Fund IV GP B.V., a Netherlands-based fund of Bencis Capital Partners BV, a Netherlands-based private equity firm, and Mr. Erik de Voogd, a Netherlands-based private investor to Five Arrows Principal Investments, a France-based private equity business of Rothschild.

CMS Ad­vises Life­Watch re­gard­ing Com­pet­ing Pub­lic Takeover Of­fers

15 Aug 2017

In January of this year, Aevis Victoria SA launched a public tender offer for all outstanding shares of LifeWatch AG. LifeWatch is a Swiss stock corporation based in Zug, listed on the SIX Swiss Exchange (LIFE). In the wake of the offer of Aevis Victoria, LifeWatch started an auction process and has been able to secure the US domiciled BioTelemetry, Inc., as a bidder. In April, after having signed a transaction agreement with LifeWatch, BioTelemetry announced a competing public tender offer. On 14 July  2017, BioTelemetry's offer could finally be settled.

Freshfields advises NBG Group on the sale of both Banca Romaneasca and Vojvodanska Banka

14 Aug 2017

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the National Bank of Greece S.A. (‘NBG’) on its sale of a 99.28% stake in Banca Romaneasca S.A. (‘Banca Romaneasca’) and a portfolio of Romanian-risk corporate loans to OTP Bank Romania S.A. The firm has also advised NBG on its sale of Vojvodanska Banka a.d. (‘Vojvodanska Banka’), NBG Leasing d.o.o., and a portfolio of Serbian-risk corporate loans, which were sold to OTP Banka Srbija A.D. Novi Sad.
 

Freshfields advises NBG Group on the sale of both Banca Romaneasca and Vojvodanska Banka

14 Aug 2017

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the National Bank of Greece S.A. (‘NBG’) on its sale of a 99.28% stake in Banca Romaneasca S.A. (‘Banca Romaneasca’) and a portfolio of Romanian-risk corporate loans to OTP Bank Romania S.A. The firm has also advised NBG on its sale of Vojvodanska Banka a.d. (‘Vojvodanska Banka’), NBG Leasing d.o.o., and a portfolio of Serbian-risk corporate loans, which were sold to OTP Banka Srbija A.D. Novi Sad.
 

Schellenberg Wittmer advises Skullcandy in its sale of ASTRO Gaming to Logitech

11 Aug 2017

Logitech acquired for USD 85 million the ASTRO Gaming business from Skullcandy. Schellenberg Wittmer acted as Swiss legal counsel to Skullcandy in this transaction.
 
Logitech is carving a deeper niche in the gaming peripheral market – via their acquisition from Skullcandy (a cutting edge headset manufacturer) of their ASTRO Gaming business - a leading console gaming brand with a history of producing award-winning headsets for professional gamers and enthusiasts.
The transaction was finalized on the 11th of August in an $85 million all-cash deal.
 

Loyens & Loeff advised Brannen Family on the disposal of Niacet Corp. to SK Capital Partners

11 Aug 2017

Loyens & Loeff advised Niacet Corporation, a US-based leading producer of specialty ingredients for food, feed, and pharmaceutical applications and a global leader in propionates and acetates with two fully automated manufacturing sites located in Niagara Falls, NY and Tiel, The Netherlands, on its sale to SK Capital Partners, a US-based private equity firm.

DWF advises DJ Drink Solutions on Nichols deal

09 Aug 2017

International legal business DWF has advised leading drinks supplier DJ Drink Solutions on its recent buy-out deal by Vimto founders, Nichols.

DJ Drink Solutions is the North's leading supplier of dispense soft drinks, high end equipment, post mix, hot drinks and wine. It offers a dispense “one stop shop” the customer can rely on ensuring it is always dispensing the right product at the right price.