Ashurst is advising leading, ASX-listed staffing, maintenance and facility management services company, Programmed Maintenance Services Limited (Programmed) on its proposed A$792 million acquisition by Japanese general human resources company, Persol Holdings Co., Ltd (Persol).
Norton Rose Fulbright has advised Enertronica S.p.A (Enertronica), an Italian listed company, on the sale of 70% of the corporate capital of two Namibian project companies (Sertum Energy Namibia and Unisun Energy) to a Namibian company owned by Canadian Solar.
Sertum and Unison have the rights to build, connect and operate two solar PV parks currently under construction in Namibia. Enertronica will retain its role as EPC contractor and operate and manage the parks for five years post construction.
Norton Rose Fulbright has advised Zoomlion Heavy Industry Science and Technology Co. Ltd ("Zoomlion"), a main board-listed company on its US$1.68 billion disposal of 80% interest in Changsha Zoomlion Environmental Industry Co., Ltd. ("Changsha Zoomlion") to four PRC investment holdings including Infore Holding and Hony Investment (the "disposal").
DLA Piper has advised the management team of UK health food retailer, Holland & Barrett, on the £1.8 billion sale to L1 Retail, Mikhail Fridman’s LetterOne investment business. The sale also represents a partial exit for private equity backer, the Carlyle Group, who acquired Holland & Barrett's parent company Nature's Bounty seven years ago.
The owners of Rotronic AG, which develops and manufactures measuring technologies, sold the company to funds managed by Battery Ventures.
Bär & Karrer acted as legal adviser to the sellers in this transaction. The team included Christoph Neeracher, Thomas Rohde, Philippe Seiler, Yves Suter and Sarah Nyfeler (all M&A), Susanne Schreiber and Cyrill Diefenbacher (both tax) as well as Corrado Rampini and Charles Gschwind (both real estate).
Flokk, Scandinavian market leader in design, development and production of workplace furniture, with headquarters in Oslo and owned by private equity company Triton, takes over 100% of the shares in Stoll-Giroflex Group, the leading Swiss producer of high quality and ergonomic office chairs, with headquarters in Koblenz and subsidiaries in Germany, Belgium, the Nederlands and France. The combined group becomes the number one manufacturer of office chairs and work place seating in Europe.
We advised Royal Dutch Shell plc on an agreement for the sale of shares in Shell E&P Ireland Limited, that holds a 45% stake in the Corrib gas venture. The transaction includes an initial consideration of €830m and additional payments of up to €250m between 2018-2025, subject to gas price and production.
This transaction represents Shell’s exit from the upstream business in Ireland and, subject to partner and regulatory consents, is expected to complete in Q2, 2018.
IKB Deutsche Industriebank AG (“IKB AG”) reached an agreement with investment funds managed by HPS Investment Partners, LLC (“HPS”) on the sale of IKB Leasing Group to HPS. The transaction is expected to be consummated in the second half of 2017.
Jones Day is advising Investcorp, a leading provider and manager of alternative investment products, in the €605 million (US$695 million) sale of Esmalglass, a leading producer of ceramic colors and glazes, to Lone Star.
For additional information about this matter, please contact: Manuel Vara Varea
Client(s): Investcorp International Ltd.
Practice(s): M&A, Labor & Employment, Real Estate, Cybersecurity, Privacy & Data Protection
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Advokatfirman Delphi has acted as legal advisor to The Carlyle Group on its sale of BTI Studios to Altor.
Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Altor Fund IV (“Altor”) today announced that they have signed a definitive agreement under which Carlyle will sell BTI Studios to Altor. The transaction is expected to close in Q3 2017, subject to customary closing conditions.
Delphi's team was led by managing partner David Aversten, partner Michael Juhlin and senior associate Rickard Isacson.